Nick and Jack

Now, some kids are working for their dad's boring business. Yeah, they're doing plumbing, they're doing farming, they're working the laundromats. That's what they're doing. Others are working for their mom's white-collar business. Consulting, hedge funds, cybersecurity, all that good stuff. Saxon from the White Lotus? Yeah. He is one data point of this bigger trend.

Nepo workers hoping to become Nepo owners. So, Yetis, this is what Jack and I found fascinating about this story. Basically, we're witnessing the godfatherification of America. Everyone's joining the family business, if they can.

Nepo workers hoping to become Nepo owners. So, Yetis, this is what Jack and I found fascinating about this story. Basically, we're witnessing the godfatherification of America. Everyone's joining the family business, if they can.

Nepo workers hoping to become Nepo owners. So, Yetis, this is what Jack and I found fascinating about this story. Basically, we're witnessing the godfatherification of America. Everyone's joining the family business, if they can.

So we gotta ask, why are so many Americans turning mom and dad into their boss? Well, it is a tough jobs market, but specifically, it has never been harder to nail an entry-level job. A survey published in the Wall Street Journal shows that employers plan to hire 6% fewer recent grads this year than last year.

So we gotta ask, why are so many Americans turning mom and dad into their boss? Well, it is a tough jobs market, but specifically, it has never been harder to nail an entry-level job. A survey published in the Wall Street Journal shows that employers plan to hire 6% fewer recent grads this year than last year.

So we gotta ask, why are so many Americans turning mom and dad into their boss? Well, it is a tough jobs market, but specifically, it has never been harder to nail an entry-level job. A survey published in the Wall Street Journal shows that employers plan to hire 6% fewer recent grads this year than last year.

And if you're a bit older than that, well, you're still facing some job pressure too, because AI is disrupting so many roles out there. So, you're reconsidering that opportunity your parents have always had on the table, to work for the family company. And honestly, it is an economically understandable and justifiable position these days.

And if you're a bit older than that, well, you're still facing some job pressure too, because AI is disrupting so many roles out there. So, you're reconsidering that opportunity your parents have always had on the table, to work for the family company. And honestly, it is an economically understandable and justifiable position these days.

And if you're a bit older than that, well, you're still facing some job pressure too, because AI is disrupting so many roles out there. So, you're reconsidering that opportunity your parents have always had on the table, to work for the family company. And honestly, it is an economically understandable and justifiable position these days.

Because in this economy, get job security, you know your boss, but you're still financially independent. I mean, the downside, Jack, is your dad makes you shovel the walkway and fix the broken toilet, even though it's definitely not in your job description. But kids are swallowing their pride. They're risking being judged by their peers. And they're taking the job for dad.

Because in this economy, get job security, you know your boss, but you're still financially independent. I mean, the downside, Jack, is your dad makes you shovel the walkway and fix the broken toilet, even though it's definitely not in your job description. But kids are swallowing their pride. They're risking being judged by their peers. And they're taking the job for dad.

Because in this economy, get job security, you know your boss, but you're still financially independent. I mean, the downside, Jack, is your dad makes you shovel the walkway and fix the broken toilet, even though it's definitely not in your job description. But kids are swallowing their pride. They're risking being judged by their peers. And they're taking the job for dad.

So Jack, what's the takeaway for our buddies who are everyone joining the family business? The first great wealth transfer will be businesses. Prepare for Nepopreneurs. Now, yetis, we have told you about the silver tsunami before. Basically, the economic impact of retiring baby boomers. Boomers hold a tremendous amount of real estate, stocks, and other assets.

So Jack, what's the takeaway for our buddies who are everyone joining the family business? The first great wealth transfer will be businesses. Prepare for Nepopreneurs. Now, yetis, we have told you about the silver tsunami before. Basically, the economic impact of retiring baby boomers. Boomers hold a tremendous amount of real estate, stocks, and other assets.

So Jack, what's the takeaway for our buddies who are everyone joining the family business? The first great wealth transfer will be businesses. Prepare for Nepopreneurs. Now, yetis, we have told you about the silver tsunami before. Basically, the economic impact of retiring baby boomers. Boomers hold a tremendous amount of real estate, stocks, and other assets.

And they're transferring that wealth to their heirs right now. But the overlooked part of that great wealth transfer is the business inheritance. And from a mom and a dad's perspective, they don't want the business they spent decades building to be shut down when they retire. They're looking for an heir. Best case succession scenario?

And they're transferring that wealth to their heirs right now. But the overlooked part of that great wealth transfer is the business inheritance. And from a mom and a dad's perspective, they don't want the business they spent decades building to be shut down when they retire. They're looking for an heir. Best case succession scenario?

And they're transferring that wealth to their heirs right now. But the overlooked part of that great wealth transfer is the business inheritance. And from a mom and a dad's perspective, they don't want the business they spent decades building to be shut down when they retire. They're looking for an heir. Best case succession scenario?

Well, they hand over that business to little Johnny or tiny Tina. We call the recipient of these inherited businesses, nepopreneurs. The first thing zillennials will inherit from boomers before real estate stocks or other assets will be entire businesses. Yeah, could you whip up the takeaways for us for the new Friday?