The Wealth Trap book

The Wealth Trap

Your wealth was the hardest thing you ever built.
Don't let it be the thing that breaks your family.

The Wealth Trap reveals why affluent families lose their edge across
generations - and delivers a proven framework to raise builders instead
of beneficiaries. Written for parents and grandparents who refuse to let
prosperity become poison.

Order Now to Unlock Exclusive Bonuses

Don’t just read this book. Study it. Apply it. Let it
change not just how you raise your children,
but how you live your own life.”

— Tony Robbins

Available to order everywhere books are sold

Family seated inside a private jet

The Fear No One
Talks About

You lie awake with a fear you can't quite say out loud: that your success might be the thing that ruins your kids. Not because you did anything wrong, but because comfort has quietly replaced the hunger, the struggle, the necessity that made you who you are. Your children have every advantage, and somehow that's the problem.

The data backs up what your gut already knows. Three generations, from shirtsleeves to shirtsleeves, is all it usually takes. But this isn't fate. It's simply what happens when wealth grows and meaning doesn't. The families who break this cycle are the ones who figure out how to pair prosperity with purpose. This book shows you how.

A New Framework for
Multigenerational Flourishing

The Wealth Trap is the first book to diagnose the real reason affluent families decline—and provide a complete system to reverse it.

Most wealth advisors focus on protecting your financial capital. This book focuses on building your human capital: the character, capability, creativity, and purpose that no trust document can manufacture and no inheritance can replace.

Drawing on psychology, philosophy, behavioral economics, and dozens of interviews with wealth creators and multigenerational families, Connor Boyack and Taylor Adams deliver what affluent families have been missing: a proven operating system for raising children who see abundance as fuel for building, not permission to coast.

Connor Boyack and Taylor Adams holding The Wealth Trap book

A Three-Step Framework
for Purposeful Living

Pillar 1 — Meaning

Reclaiming Agency in an Age of AbundanceWhy comfort corrodes capability, how wealth magnifies whatever character it flows through, and what it actually takes to cultivate purpose when necessity disappears.

Pillar 2 — Alignment

Building a Family System of Shared DirectionHow to shift from preservation to creation, define your family's directional purpose, develop shared language, and build a living operating system that compounds meaning across generations.

Pillar 3 — Activation

Designing Lives That Compound MeaningThe art of joyful struggle, running experiments with real feedback loops, making self-actualization contagious within your family, and treating every succession as a new founding moment.

Every chapter includes two core principles, two practical frameworks, and age-specific applications
you can begin using with your children and grandchildren immediately.

Order Now to Unlock Exclusive Bonuses
  • “Most books about family wealth focus on protecting your money. This one focuses on protecting your kids - by turning them into the kind of people who don’t need protecting. The Wealth Trap is the book I wish every successful parent would read before it’s too late.”

    Garrett Gunderson New York Times bestselling author
  • “The Wealth Trap focuses on what many ultra-wealthy parents miss until they learn the hard way—that your character and values are more important to pass on than money. Without them, money will destroy a family; with them, you can build wealth and have a fulfilling life.”

    Richard Wilson President and Founder, Family Office Club
  • “The Wealth Trap is a valuable resource for families who want to go beyond plans to protect generational wealth and raise builders who live lives of purpose and meaning by creating value for themselves and others. Connor and Taylor offer a practical playbook for helping the next generation form character, capability, and a culture of contribution that lasts.”

    Brian Hooks Chairman and CEO, Stand Together
  • “Most books on raising kids are fluff. This one isn’t. Connor and Taylor get to an uncomfortable truth: wealth can destroy the very traits that created it. If you’ve made money and have kids, this is your problem. Read this book and do the work.”

    Sam Parr Co-host of the My First Million and Moneywise podcasts
  • “For over a decade, my wife and I wrestled with a burden heavier than building our wealth: How do we steward these resources faithfully without ruining our children and grandchildren? The Wealth Trap stood out as the clearest guide—equipping children with a meaningful mission to protect and fulfill, rather than liquid assets that erode character. It’s now required reading for our trustees and beneficiaries.”

    Jeffrey Harmon Serial entrepreneur and cofounder, Angel Studios

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Family reading The Wealth Trap

If you've got children or grandchildren ages 5–25, these age-targeted activities and discussion questions will help you improve your human capital through simple actions you can implement in your home.

Looking to bring
Connor Boyack and
Taylor Adams to your
team or upcoming event?

Book Connor and Taylor to Speak

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About The Authors

Connor Boyack

Connor
Boyack

Connor Boyack is a bestselling author of over 50 books and a trusted advisor to high-net-worth families on raising grounded, entrepreneurial children. He is best known as the creator of the Tuttle Twins series, with over seven million copies sold worldwide.

Connor is the founder and president of Libertas Network, a nonprofit advancing human flourishing through free-market education and real-world entrepreneurial experience. His team has changed more than 100 laws, helped over 1,000 young adults launch careers without a college degree, and guided over 100,000 children in starting their first business.

Taylor Adams

Taylor
Adams

Taylor Adams is an entrepreneur, investor, and coach who founded Belief Partners to help wealthy families navigate multigenerational wealth with purpose and meaning.

Based in Park City, Utah, Taylor brings a rare perspective as a fifth-generation member of an affluent family enterprise. He began his career inside his family's office, building expertise in alternative investments before helping other family offices design venture and venture-philanthropy platforms. His work sits at the intersection of trust architecture, family governance, and human capital development.

How We Can Help

We’ve spent years developing resources and services to help families like yours put these
ideas into practice. Below are two paths, depending on where you are
and what kind of support would be most valuable.

Family working together with NextGen Builders materials

Raise Builders
From the Start

NextGen Builders helps affluent families turn the ideas in The Wealth Trap into daily practice. Through an online academy of parent-child educational content and direct consulting for UHNW families, Connor and his team work with you to instill an entrepreneurial mindset, design age-appropriate experiments, and build a family culture that produces creators, not consumers.

Whether your children are 5 or 25, NextGen Builders meets your family where you are and grows with you over time.

Visit NextGen Builders

Build the Architecture
for Multigenerational
Flourishing

Belief Partners helps enterprising families design the structures, governance, and operating rhythms that make multigenerational flourishing repeatable. Taylor works with families to reshape trust architecture, align estate plans with human capital development, and build a practical Family Operating System that integrates financial, philanthropic, and human capital into one coherent engine.

For families who sense that their current system funds comfort well but doesn’t reliably produce capability, cohesion, or contribution.

Visit Belief Partners
Family portrait representing Belief Partners

Voices of Transformation

  • Garrett Gunderson

    “Most books about family wealth focus on protecting your money. This one focuses on protecting your kids - by turning them into the kind of people who don’t need protecting. The Wealth Trap is the book I wish every successful parent would read before it’s too late.”

    Garrett Gunderson New York Times bestselling author
  • Richard Wilson

    The Wealth Trap focuses on what many ultra-wealthy parents miss until they learn the hard way—that your character and values are more important to pass on than money. Without them, money will destroy a family; with them, you can build wealth and have a fulfilling life.”

    Richard Wilson President and Founder, Family Office Club
  • Brian Hooks

    The Wealth Trap is a valuable resource for families who want to go beyond plans to protect generational wealth and raise builders who live lives of purpose and meaning by creating value for themselves and others. Connor and Taylor offer a practical playbook for helping the next generation form character, capability, and a culture of contribution that lasts.”

    Brian Hooks Chairman and CEO, Stand Together
  • Garrett Gunderson

    “Most books about family wealth focus on protecting your money. This one focuses on protecting your kids - by turning them into the kind of people who don’t need protecting. The Wealth Trap is the book I wish every successful parent would read before it’s too late.”

    Garrett Gunderson New York Times bestselling author
  • Richard Wilson

    The Wealth Trap focuses on what many ultra-wealthy parents miss until they learn the hard way—that your character and values are more important to pass on than money. Without them, money will destroy a family; with them, you can build wealth and have a fulfilling life.”

    Richard Wilson President and Founder, Family Office Club
  • Brian Hooks

    The Wealth Trap is a valuable resource for families who want to go beyond plans to protect generational wealth and raise builders who live lives of purpose and meaning by creating value for themselves and others. Connor and Taylor offer a practical playbook for helping the next generation form character, capability, and a culture of contribution that lasts.”

    Brian Hooks Chairman and CEO, Stand Together

FAQ

This book explores how individuals and families can rediscover purpose in a world of abundance by focusing on meaning, alignment, and intentional action.

This book is for parents, grandparents, and family leaders who want to raise capable builders instead of passive beneficiaries.

You will gain a practical framework for helping children build character, capability, creativity, and purpose in the presence of abundance.

It is practical. The book turns research and family experience into clear principles, frameworks, and next steps you can begin applying at home.

Yes. Readers can claim bonus resources after ordering by registering their purchase in the book order section above.