In this week’s podcast, I’m joined by Ohio businessman Justin Powell to discuss this guest post from last week “Dying to Give” — why waiting until death to pass on wealth is often the wrong move, and how thoughtful, early giving can build stronger families, businesses, and communities.
Justin shares some interesting real-life stories to fill in what he’s talking about, such as a multi-generation gravel pit owner who’s deliberately preserving two generations of reserves for his sons instead of chasing short-term profits, how he set his teenage boys up with $3,000 each to start lawn-mowing businesses (one made $35K in a summer), and why small, strategic investments at key “choke points” (home down payments, first business capital, financial literacy) can change the trajectory of a young person’s life forever.
Powell’s article hit a nerve with many people. I hope this adds some additional color to it.
