Generational Wealth Is The Key

Posted : admin On 11.12.2020

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Building Generational Wealth the right way is a team effort. Our advisors are knowledgeable, experienced and deliver quality to make sure you are put at-ease in these turbulent times. Thank you for being a part of our Straight Talk community. “Generational wealth” is a term that’s thrown around quite frequently these days. But what is the definition of generational wealth? And how you can create generational wealth and build it for you and for your family? Well, let’s start with the easy part: defining generational wealth. Fortune Key Financials provides 21st Century Wealth Advise to help Millennials save, invest, and retire early, and a host of financial services for Generation X and Baby Boomers to ensure Generational Wealth. Dec 25, 2018 Generational wealth is the financial legacy that most people want to leave for their families. Even though personal finance is a considered a “personal” thing, there are many areas in which money management is a family affair. An inheritance, passing wealth from one generation on to another one, is the most obvious example: However, your family’s financial legacy extends even beyond the.

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  1. Jun 26, 2019  Key findings from the A Generational Shift: Family Wealth Transfer Report 2019, include. North America Leads – $8.8 trillion will be passed on in this region alone, a testament to the scale of wealth in the US. Europe possesses a slightly older wealthy population than the global average and will pass on a significant $3.2 trillion by 2030.
  2. Building Generational Wealth is about more than just money. It is about wealth in values, beliefs and traditions. There are 4 keys to Building Generational Wealth. Key number one is personal power. The thinking and actions you take each and every day consistent with your values and beliefs. How your thoughts become your beliefs and then your.

Leave A Financial Legacy For Generations to Come.

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Leave A Financial Legacy For Generations to Come.

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“Gold is money. Despite what policymakers and economist would have you believe. Gold will remain as a store of wealth par excellence and continue to play an integral role in the world’s monetary system. Gold is still poised in the reserves of the International Monetary System and will be even more important in the years to come.” ~ Jim Rickards ~ New Case For Gold.

Fiat Currency

In 1971, President Richard Nixon, took the U.S., off the Gold Standard, Declaring The Dollar Fiat. which means: to decree it to be so. Therefore, the only value it has is the faith man puts in it. ‘Quantitative Easing’ of the dollar, is the cause of inflation and the results are a general increase in prices and fall in the purchasing value of the dollar.

Cryptocurrencies

Cryptocurrencies are the blockchain applications and include digital peer to peer payment systems, crowd sales, facilitation, implementation pf predictions markets and generic tools for governance. Bitcoin, Litecoin, Ripple, *Dash, Zcash, Monero, Ethereum Etc.

BlockChain Technology

A Blockchain is a peer to peer systems with no central authority managing data flow with a large distributed network of independent users. These “full nodes” computers are located in more than one specific location. Each Blockchain is made up of blocks, which each holds a valid transaction. Each of the blocks will include a hash of the block before it and this is what links the two together. When transacting business on the blockchain they are placed on a public exchange, very transparent and yet cannot be hacked.

Decentralization

Decentralization cuts out the risk of data being hacked because the network does not have centralized points that are vulnerable as in centralized networks. Encryption Technology is based on private and public keys. The public key is a long string of numbers generated randomly and this is the blockchain address of the user. The transaction that goes across the network is recorded on that key. The private key is like a password and is what allows the owner access to their digital assets. If you store data on the blockchain it cannot be corrupted but you will need to take extra measures. Create a paper wallet and print your private key to safeguarding it by placing it in a safe place.

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There has never been a better time to position yourself in this dynamic investment opportunity; to build real wealth with real assets. The hedge around your income earning potential is of course, No-Risk. The bigger the package; the bigger the commission.

This is Why It Is Very Important For You And Your Family To Seriously Begin Looking For Alternative Ways To Protect Your Finances & This is Where We Come In. We Offer Various Ways To Ensure, Grow And Protect Your Hard Earned Money For Generations To Come.

Generational Wealth Is The Key Largo

*Disclaimer: (Ja’Nala’s Generational Wealth LLC., Are Not Licensed Financial Experts of Any Kind).
Generational Wealth Is The Key
Building Wealth

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“Generational wealth” is a term that’s thrown around quite frequently these days.

But what is the definition of generational wealth?

And how you can create generational wealth and build it for you and for your family?

Well, let’s start with the easy part: defining generational wealth.

What Is Generational Wealth?

Generational wealth — also called family wealth or multigenerational wealth or legacy wealth — is wealth that is passed down from one generation to another.

Now, generational wealth takes many forms.

It can be in the form of traditions and heirlooms, or even biology and good genes.

But typically, when people talk about generational wealth, they’re talking about financial wealth that can be passed down to the next generation.

How Can I Build Generational Wealth?

You build generational wealth by acquiring generational assets that you can leave to your heirs.

Assets are anything you own that makes money for you rather than take money out of your pocket.

For example, my dividend-paying stocks are generational assets.

Every few months, I get money deposited into my account because I own these assets.

And when I pass away, I can leave these stocks to the next generation, and they will collect dividends as well.

3 Ways Anyone Can Build Generational Wealth With $25-$500

Obviously the richest of the rich leave assets like hotels and businesses to the next generation.

But, thankfully, there are ways that the rest of us can start building generational wealth today with as little as $25.

Check out these 3 ways that anyone can build generational wealth today.

1. Invest in dividend-paying stocks.

We love dividends here at Money Done Right.

When you invest in a dividend-paying stock, you are acquiring a portion of a company that somebody else built and that thousands of other people work for, and they are giving you a portion of their profits. Blows my mind!

There are plenty of great places to open up a stock-investing account, but the one that’s getting us hot and bothered at the moment is Ally Invest.

Ally Invest is great because you can trade dividend stocks for as little as $3.95 per trade compared to $6.95 at E*TRADE and Charles Schwab.

Ally Invest has developed a pretty amazing platform, and no matter if the stock market goes up or done, we still get dividends deposited into our Ally Invest account every quarter!

2. Invest in real estate with as little as $500.

Developing Generational Wealth

In the old days, you needed a lot of money to invest in real estate.

$500 would not have cut it.

But thanks to advances in technology, real estate investing has become democratized.

Generational Wealth

Now, if you have $500 or $1,000 in your pocket, you can get started investing in real estate through a platform called Fundrise.

Fundrise is the first private market real estate investing platform.

By combining technology with new federal regulations, Fundrise lets you invest in the once-unattainable world of private investments.

3. Lend out money at 4-6% interest. ($25 Minimum)

Lending out money is one of the oldest ways to earn passive income. It’s essentially renting out your money for either people to use, and the rent you charge is known as the interest rate.

Now, in the old days, if you wanted to lend money to somebody in particular, you were taking on a pretty risky business, unless he or she put up some form of collateral.

But now, thanks to technology, you can spread out the risk by only lending your money in $25 increments.

How does this work? Well, let’s say Borrower A needs a $25,000 loan.

Instead of going to one entity, like a bank or rich person, to borrow the full $25,000 — which would be very risky to that one entity — he or she borrows $25 from 1,000 people.

This scenario presents much less risk because the most any single investor could lose is only $25.

Such an arrangement would have been administratively impossible just 15 years ago.

But thanks to the wonders of the Internet, it is now very possible, and the peer-to-peer lending industry, as it’s known, is thriving for borrowers and investors alike.

Nia Simone McLeod

Nia Simone McLeod is a personal finance researcher and writer for Money Done Right. After receiving a bachelor’s degree in journalism from Virginia Commonwealth University, she started her writing career by going freelance and producing content for clients on a variety of different topics including personal finance. When she’s not tapping away at her laptop, she’s either curating her next great Spotify playlist or stuffing her face at the local ramen shop. Nia currently resides in Richmond, Virginia.