Apr 25, 2023
Welcome to Round 2 of the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They will take you behind the numbers with real-life examples of financial situations to help you gain confidence and clarity to control your financial destiny.
Is generational wealth really as good as we think it is? 70% of wealthy families lose their wealth within one generation, while 80% of today’s millionaires made their money on their own. If you want to create generational wealth in your family, Lauryn and Chloe are sharing what you need to know about creating generational wealth and helping your future generations retain it.
In this episode, Lauryn and Chloé talk about:
The definition of “generational wealth”
Major challenges to building generational wealth
Importance of gaining financial literacy
Why you shouldn’t be afraid to educate yourself & invest in financial literacy
Simple financial skills you can teach your children
Dealing with the obligation of giving money to family
Impact of the wage gap on generational wealth
How to make the most of income increases
Negotiating your income
Why estate plans are essential
What entrepreneurs need to know about building generational wealth
If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media:
Instagram: @worthwinning
Twitter: @worth_winning
Facebook: @worthwinningfp
LinkedIn: @lauryn-williams
If you want to connect further with Chloé Moore:
Instagram: @financialstaples
Twitter: @finstaples
Facebook: @finstaples
LinkedIn: @chloemoore
Shared quote:
“Money isn’t about buying bigger and better things. It’s about being prepared to take care of your family.” – Unknown
RESOURCES MENTIONED:
Lauryn is hosting two Welcome to Wealth financial retreats this summer for young professional women. Want to go on an adventure and create a financial plan for your life? Learn more at the links below.