DiscoverWealth Strategy Secrets of the Ultra Wealthy PodcastWhy Legacy Wealth Fails and How to Create Lasting Impact for Your Family
Why Legacy Wealth Fails and How to Create Lasting Impact for Your Family

Why Legacy Wealth Fails and How to Create Lasting Impact for Your Family

Update: 2025-12-03
Share

Description

Today, we have a truly inspiring guest joining us, Barry Garapedian. Barry is a 39-year Wall Street veteran and founder of Mag7 Consultants, and he's made it his mission to empower the next generation of leaders. With decades of experience in family governance, coaching heirs, and guiding young minds, Barry has distilled what he calls the "16 attributes of high performance"—essential skills, habits, and values that go far beyond what's taught in schools.

Barry's impact reaches deep into the lives of Gen Z and young professionals, helping them build character, confidence, and real-world legacy—not just financial wealth. Through Mag7, he works directly with clients aged 13 to 28, giving them unfair competitive advantages, from networking and high-performance habits to emotional intelligence and the art of connection. His approach is hands-on, with practical methods like writing gratitude notes, cultivating high-performance habits, and tackling healthy challenges that drive growth and self-esteem.

In this episode, Barry opens up about why legacy wealth often disappears by the second generation, how to create true family values and governance, and the practical actions families and young minds can take to sustain and multiply impact for generations. His passion for helping others become value creators and his actionable strategies make this conversation an absolute must-listen for entrepreneurs, parents, and anyone seeking to build lasting legacy.

In this episode, we discuss:

  • Why legacy wealth often disappears by the second generation

  • The 16 attributes of high performance

  • Building confidence and self-esteem in young minds

  • Practical strategies for family governance and creating lasting value

Learn more: https://pantheoninvest.com/episode199  

Get Dave's Free Book: https://holisticwealthstrategy.com/ 

Comments 
In Channel
loading
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Why Legacy Wealth Fails and How to Create Lasting Impact for Your Family

Why Legacy Wealth Fails and How to Create Lasting Impact for Your Family

Dave Wolcott