Inheritance

topic on 4 shows · 4 statements across 4 episodes

Founder's Journal BigDeal My First Million All-In

4 statements about Inheritance, every show

BIGDEAL Assertion Supported
Sanchez: Over 76% of millionaires inherited zero dollars
“Most people who become millionaires, more than 76% of them actually inherited nothing, zero dollars.”
Codie Sanchez May 14, 2024 ▶ 51:13 If I was broke in 2024, here’s exactly what I’d do… (feat. James Altucher)
Ages 26 to 35 are the best time to give children wealth
“He also argues that's the best time to give to your children when they're 26 or 35. Because his view is that it's the point at which they can enjoy the money the most or the benefits of your money the most, but they can also be fiscally responsible with the mo…”
Alex Lieberman Mar 29, 2023 ▶ 19:34 How To Die…With Zero
Shaan Puri: Distributing wealth while alive creates vastly more impact than inheritances.
“And basically you hook up the people who have helped you, and it mattered to you, and you help their lives today, because why wait 40 years and let them have more discomfort or suffering along the way when you could, if you're trying to give to make an impact,…”
Shaan Puri Aug 18, 2021 ▶ 37:37 How Celebrities Have Made Billions off Their Names | My First Million #210
ALL-IN Assertion Contradicted
Chamath: Eliminating US student debt requires just 3% of upcoming wealth transfer
“If enough people took their inheritance and decided to eradicate student debt, it would be three percent of what's going to be inherited over the next 20 years.”
Chamath Palihapitiya Dec 4, 2020 ▶ 1:15:16 E14: Salesforce acquires Slack, DeepMind’s AlphaFold breakthrough, Trust Fund Socialists & more

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