{"podcast":{"title":"Financial Freedom Podcast","slug":"financial-freedom-podcast-890628","podcast_index_feed_id":890628,"rss_url":"https://financialfreedom.libsyn.com/rss","website_url":"http://financialfreedom.libsyn.com/podcast","image_url":"https://static.libsyn.com/p/assets/4/e/1/1/4e11d00ce43b3a90/Cover_Art.jpg","author":"Steven J. Richardson, Esq.","episode_count":150,"summary":"A semi-monthly podcast that brings you advice and interviews with experts on various important topics to help you make better and smarter financial decisions in order to improve or maintain your financial situation.","last_synced_at":null,"page_url":"https://stenobird.com/podcast/financial-freedom-podcast-890628"},"episode":{"title":"Episode 226: Handling Inherited Wealth with Chase Collins","slug":"episode-226-handling-inherited-wealth-with-chase-collins","published_at":"2025-06-13T11:52:00+00:00","page_url":"https://stenobird.com/podcast/financial-freedom-podcast-890628/episode-226-handling-inherited-wealth-with-chase-collins","show_page_url":"https://stenobird.com/podcast/financial-freedom-podcast-890628","url":"https://financialfreedom.libsyn.com/episode-226-handling-inherited-wealth-with-chase-collins","audio_url":"https://traffic.libsyn.com/secure/financialfreedom/Episode_226_-_Handling_Inherited_Wealth_with_Chase_Collins.m4a?dest-id=341529","summary":"According to research done by the authors of the book *The Millionaire Next Door,* 70% of American millionaires are first generation. This means that in most instances wealth is not being effectively passed down to the next generation, as it is not being preserved. That generation doesn't know how to handle that much money (how many lottery winners are broke a year or two later?) So to talk about how to deal with inherited wealth, in this episode of the podcast I talk with Master Life Coach Chase Collins about how people who achieve significant financial independence can prepare their children for the receipt and handling of a significant financial legacy. In this episode you will learn: - The 3 biggest mistakes people make with inherited wealth - How to teach your children how to handle inherited wealth - How to deal with guilt associated with wealth - About avoiding the \"Expectation Trap\" - How to manage wealth and avoid losing it shortly after inheriting it","meta_description":"According to research done by the authors of the book *The Millionaire Next Door,* 70% of American millionaires are first generation. This means that in m…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2637,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/financial-freedom-podcast-890628/episodes/episode-226-handling-inherited-wealth-with-chase-collins/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/financial-freedom-podcast-890628/episode-226-handling-inherited-wealth-with-chase-collins.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}