Generational Wealth Begins with Generational Knowledge: The Seven Stages of Financial Empowerment and a Legacy of Prosperity

Throughout our lives, we've been told that money talks. But for many of us, it speaks a language we were never taught to understand.

Why do 70% of wealthy families lose their fortune by the second generation, and 90% by the third? The answer lies not in failed investment strategies but in what Dr. Joaquin E. Wallace calls our "Financial Genetic Code," encompassing our Inherited Financial Narratives, Encoded Financial Behaviors, and traumas that quietly shape how we relate to money.

In Generational Wealth Begins with Generational Knowledge®: The Seven Stages of Financial Empowerment and a Legacy of Prosperity, Dr. Wallace presents his groundbreaking Seven-Stage Generational Wealth Model©. This comprehensive framework addresses both the psychological and practical elements of building lasting wealth.

Unlike traditional financial guides that focus purely on tactics, Dr. Wallace explores how your financial past influences present decisions and future outcomes. Each stage builds on the last, forming a complete path from financial anxiety to true generational prosperity:

Stage 1: Uncover Walls In and Walls Out
Identify the internal and external forces that shape your Financial Genetic Code.

Stage 2: Recognize Financial Anxiety and Trauma
Acknowledge the emotional and psychological barriers embedded in your financial identity.

Stage 3: Achieve Financial Healing
Reprogram inherited financial narratives and begin reshaping your beliefs about money.

Stage 4: Financial Edification
Strengthen your foundation with financial literacy and inclusive knowledge.

Stage 5: Financial Well-Being
Build security by creating a safety net and ensuring your income lasts. As Dr. Wallace says, “Financial health is financial wealth.”

Stage 6: Create a Legacy
Plan and protect your future through intentional legacy-building.

Stage 7: Establish Generational Wealth
Implement sustainable strategies to ensure your prosperity continues for generations.

Dr. Wallace brings together lessons from his work as a financial planner, founder of the award-winning nonprofit Project Transition Incorporated, and host of The New Wealth Wave podcast. His approach speaks to individuals across all income levels and life stages.