• Linda R. Taliaferro

3 Ways Women Can Create Generational Wealth

Stop and think about your future, retired self. What does life look like for her?

Is future you comfortable?

Is future you able to enjoy the fruits of all your hard work?

Is future you financially stable enough that she can’t help but greet you with a hug and a big thank you?

So what’s your answer? Yes? No? Maybe? Silence?

If your answer is anything, but yes, you’re not alone.

Millions of women like you know it’s essential to create a financial legacy for yourself and your family but don’t know the best strategies to make it a reality.

And it’s not your fault.

Financial Independence Roadblocks

Believe it or not, women are only a generation and a half removed from true financial independence.

It wasn’t until 1971 that a woman could confidently walk into a bank and open an account without her husband being present. Yes, 1971!

But like other strong, independent women striving to shift the trajectory of your career and your personal life, you don’t have time for excuses. You can’t afford to dwell on the past or what you don’t have in the present.

You Need Solutions

I believe that women are the glue for our country and our families. So, as you make moves to continue to show up and shine in the workplace and at home, the next opportunity for you to level up is in your finances.

Creating generational wealth, so you and your family can enjoy the peace and security a solid financial legacy brings.

The question is, how do you breathe life into this long-term plan? How can you ensure that the conversation with future you is memorable for all the right reasons?

Well, my good friend, and no stranger to the community, DEI and HR expert Cassandra Rose has the answers.

Cassandra came through again to give us three key actions you can take now if you are serious about achieving your goal of creating generational wealth.

3 Steps To Generational Wealth

1 Preventative Health Is Generational Wealth

When you list things in your life that impact your financial well-being, your health probably isn’t on that list. But it should be.

Women are already behind the ball from a pay equity standpoint, so you can’t let anything else stand in your way of earning what you deserve. Especially your health.

If you are the type who waits until something feels off before you get checked out by a doctor, it’s time to shift your mindset.

  • Don’t skip your annual physicals.

  • Schedule your preventative tests, so your doctors can catch things earlier.

  • Monitor your diet and get regular exercise.

  • Seek out a therapist to protect your mental health

Not doing these represents potential barriers to securing the financial legacy you are working so hard for. So let’s eliminate these barriers before they can get in your way!

2 Investing

Investing is all about taking ownership of your financial destiny.

The hindrance to women feeling confident with investing, even women in the C-Suite, is the lack of financial literacy. I’ll raise my hand and join in because that used to be me.

I didn’t know what a 401K was or a 529 plan, and I didn’t understand putting my hard-earned money into the stock market. But I took one action that changed my long-term financial trajectory.

I asked people who knew more than me.

As a woman, you are taught to work harder and be the best to earn that next-level opportunity. While this hard truth is often a reality, there’s another hard truth that will help you out for the rest of your life.

You don’t have to be great at everything.

If you don’t have the time to become your own financial expert, there are financial advisors and others who specialize in this area who will make sound decisions and ensure your money works for you.

3 Have A Documented Plan For Tomorrow

You got to where you are today not because you were so focused on what you had to do on any given day. You were focused on letting your present help you get to your tomorrow. That’s why you were able to reach so many of your goals.

That exact forward-thinking needs to be translated into your plans for generational wealth. In particular, your plan for when you are gone.

It’s great to say you have the finances to pass down to your family, but where is it in writing? Who else knows the plan? Do your beneficiaries know where your life insurance policies are active?

Too often, families lose loved ones, and there is no plan to continue the legacy. And without a clear plan, you risk your estate ending up in the justice system. A solution no family wants to endure.

Start Your Generational Wealth Journey Today

Now that you know, it’s time to secure your financial future for you and your family. But remember, you don’t have to do it alone. Book your 1-on-1 call with me now, and I will help you get started on the right path the right way.

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