Episode 134: Grow Series: Get Results, Optimize Wealth… Protect Your Pot…Prepare Your Peeps
Optimizing your wealth means planning to protect the pot at the end of the rainbow.
Creating a family mission statement can help your children avoid becoming disconnected from the purpose, why, and work you’ve put into building a legacy.
Estate planning is vital to protecting the legacy you’ve created for your family, and helping your kids understand its importance is crucial for stewarding the keys to the kingdom and generational wealth.
In this episode, you will hear:
- How to protect your pot at the end of the rainbow and why it’s your responsibility
- The investing rule of 72 and how that applies to your estate planning
- Why your children need to know how to manage and steward the keys to the kingdom and generational wealth
- How kids become disconnected from the purpose, why, and work within two generations, and the need for a mission statement for your family
- Recognize the greatness inside of your family members
- Identify what may be blindspots within your family
- Consider using DISC to identify their strengths and weaknesses
- Write or record your hopes, desires, and goals for your family so that they can read, hear, or see them after you’re gone
- Put a durable power of attorney into place
- Enact a healthcare directive
- Have a will in place, an inventory of your possessions, and a guardian for minor children
- Establish a testamentary trust upon death
- What revocable and irrevocable trusts are, and why you need an attorney to assist with this
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Until we meet again,
I hope you live life rich!
Marissa Nehlsen
