Generational Wealth Quotes

For centuries we've treated property as an individualized good and not a collective good... [A model of shared equity] will mean that families, especially white families who are homeowners, are going to have a different relationship to property than the one we currently have.

The right amount of money to leave children is enough money so that they would feel they could do anything, but not so much that they could do nothing

Keep working and saving and striving for a better future for your children, and for their children, even if you won't be around to see it pay off.

No grant of feudal privilege has ever equaled, for effortless return, that of the grandparent who bought and endowed his descendants with a thousand shares of General Motors or General Electric.

I make more money in a week than my father made in a year.

Everybody getting a significant exit creates a legacy and creates something that you can pay forward and bootstrap an industry in a substantial way.

Coming from where I come from, I didn't have the luxury of having a trust fund. Or money from generations. Or the luxury of hoppin' into the family business, you know?

I come from a background where money has never been an issue.

Only 18 percent of the income of America’s richest families come from work—hard or otherwise. In America, most wealth does not come from hard work, It comes from wealth.

I was 12 years fittin' to be a billionaire; I was 15 years old as a millionaire. I've been rich since I was 14. My son has been a millionaire since he was 12, so that's just the life. We've been playing with money since young.

You know some of the people in The Strokes, yeah, their parents had success - but we didn't live like yuppies.

Black people in America, people from the struggle, immigrants, it's no generational wealth that we are attached to, so we are tasked to create - in one generation - closing the gap. That's why we so Doomsday about getting to the check: 'cause it's life or death for real.

My dad grew up really poor in Mississippi. I paid attention to that because I thought that's a healthier thing to pay attention to than, like, some statue of a great-great-great grandfather who has no connection to my life.

The fact that younger people are more inclined to socialism may well come with the fact that so many young people's first experience with capitalism is as a debtor.

My dad was a great business guy, and he always taught us that his business acumen would put his workers' kids through school, and their great artistry... would put my brothers and me through school.

When people say money doesn't matter, it sure as hell does when you're able to show your mother a beach house and then hand her the keys to it. That was one of the happiest moments of my life.

It is better to live rich than to die rich.

Marriage has been a way of attempting to ensure the replication of power and wealth from one generation of another, passing it down from men to men.

I have more money now than I know what to do with.

I never had to grow up. Everybody did everything for me. I was the first generation in my family to have money, and I had no idea what to do.

Each additional idea is a gift to the future. Each additional idea producer is a source of wealth for future generations.

The myth is that people get their money back from Social Security. Not true. You get somebody else's money back. This is an intergenerational transfer.

For lots of people who became rich, they believe they earned their fortune through hard work. They don't think about society and only want to leave their fortune to their children.

I realised how rich I had become and I asked myself, 'Do I really want to be the richest person in the cemetery?'

The entire American concept of the 'family business' is put at risk by the death tax.