The Wealth Lifecycle: From Building It to Passing It On
The process of becoming or STAYING wealthy doesn’t come with an instruction or maintenance manual. In this chapter I’d like to address the various constituencies, who, I hope, are readers of this book. In doing so, I am assuming that each has an open mind and the willingness to adopt certain behaviors I will recommend. With that in mind, it makes the most sense to start at the beginning—with young people, as the habits of saving, frugality, and work ethic see their biggest development in the first two decades of life.