In this insightful podcast episode, James Derrick and Mikal Aune discuss the challenges families face in maintaining their wealth over generations. Unfortunately, 90% of family wealth is lost by the third generation. They highlight the need to redefine wealth as not merely financial capital but also human and intellectual capital. By shifting focus from simple inheritance to stewardship, families can instill a seventh-generation mentality that emphasizes passing on values and education. They stress the importance of ongoing conversations about wealth within families, using meetings to align values, enhance communication, and ensure the preservation of family wealth beyond mere financial inheritance.