You can't pass money on to future generations if you go broke now. Entrepreneurs go boom and bust several times in their journeys.

How do you break this cycle? We examine this question in detail.

Get the Asset Protection Book:

https://reddenlawoffice.com/apbook/

Michael is often asked how to start getting kids ready to take over the family business. Whether you bring them in as kids sweeping the floor or you hire them after they work for another company, you start with sales. Sales is persuasion and influence. It is the most important skill for everyone. Every aspect of life and business requires it. Teach this first and you will succeed.

Family Governance literally saved Mason's dad's life. It saved the family business. It saved the family itself. Mason introduces himself and talks about what family governance has meant to him and his family. The benefits go far beyond the safeguarding of money.

It brings family's to life and lets them thrive.

www.familyprosperitypartners.com

We really learn from our experiences. This is especially true when it comes to our values. The values that we pass on will define us in business and in life. Share your experiences through stories. We master skills through a 3 step process.

1. Learn It.

2. Do It.

3. Teach It.

Teaching it usually involves stories. It is the only way to pass on experience rather than just knowledge.

Anyone can learn to build a Legacy. Sure, some of them have a natural talent and inclination. But, this isn't like basketball. In basketball, if you are born at 6 foot five, things are a little easier for you. If you are five foot six? It's a little tougher. It is not the same for legacy wealth. This is a skill. It can be learned.

In this first episode of the Family Prosperity Podcast, Michael Redden introduces himself and the podcast. Reflecting back on the early days of his career, Michael shares what moved him to work with families and help them protect their people and their wealth.