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135: Grow Series: Get Results, Optimize Wealth: Protect Your Pot … Prepare Your Peeps
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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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Episode Credits
If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know I sent you.
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