E226: How to Build Generational Wealth (3-Step Formula)

Dollars and Nonsense

Innhold levert av Living Wealth. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Living Wealth eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

8M ago 28:03

MP3•Episoder hjem

In this episode, Nate Scott unveils the blueprint for establishing and nurturing generational wealth. He stresses the importance of adopting a mindset focused on long-term wealth over retirement. Nate explains the need to acquire evergreen assets that can endure for generations, such as farmland, real estate, and businesses.

He also explores the significance of trusts in estate planning and advocates for the family office model. Nate suggests leveraging life insurance to create liquidity and facilitate the growth of generational wealth. He then ties these strategies back to biblical principles.

Takeaways:

Mindset Shift: Prioritize long-term wealth over immediate retirement goals.
Invest in Evergreen Assets: Acquire assets like farmland, real estate, and businesses that can be passed down through generations.
Utilize Trusts and Family Office Model: Implement trusts and consider adopting the family office model to preserve and expand your estate for future generations.
Life Insurance Strategy: Use life insurance to ensure liquidity and support the growth of generational wealth.

Episode Resources:

Gain FREE access to our Infinite Banking Course here

What is Infinite Banking

Who was Nelson Nash?

256 episoder

#Business #Trading #Infinite Banking #Living Wealth