This article was inspired by a fellow Bitcoiner, @chadlupkes and his constructive criticism of my first article[1] on generational wealth. My first article focused too much on the generational wealth calculations in his humble opinion and I took his criticism to heart. In essence, my fellow Bitcoin brother would have liked to see more information on what exactly is generational wealth, the history thereof and why bitcoin is the best form of generational wealth. Thank you to @chadlupkes and the rest of my Bitcoin brothers and sisters who make me a better writer because of their continual quest for life, liberty and the pursuit of happiness through bitcoin. I hope you all enjoy this article that @chadlupkes and I collaborated on.
In the 21st century, most people can't plan for generational wealth because in the fiat world, 401ks and pensions are the typical investment vehicles used for planning a person's generational wealth. Unfortunately, 401ks and pension plans are flawed because most of them are not adjusted for inflation, have exorbitant fees and are poorly managed. Inflation is the hidden, insidious tax that stealthily robs Americans of the wealth they have stored in 401ks and pensions. Storing wealth in 401ks or pensions is like trying to hold water in a bucket full of holes. The holes in your 401k bucket are inflation, management expense ratios, front-end fees, back-end fees, hidden fees, overvalued companies, taxes and much more. These holes in your 401ks and pensions are why it is hard for you to create generational wealth. Do you think that people like Warren Buffett, Elon Musk, Bill Gates, and Jeff Bezos have 401k's and pensions? I highly doubt it. Instead they own cash-flow generating businesses that provide value to the world, and are tax havens that allows them to
