By Katana Abbott, SWE Founder
Ever wonder why it is that 70% of lottery winners squander away their winnings within a few years? When you hear this, what comes to mind? Is it, “I’d never do that." Really? Not so fast.
We also know that when new wealth is created in families, there is a 90% probability that all the wealth will be gone by the third generation.
It’s known as “Shirtsleeves to shirtsleeves in three generations.”
So what does mindset
have to do with money?