BROADCASTS.com

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\u2019ve put into building a legacy.

Estate planning is vital to protecting the legacy you\u2019ve 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\u2019s 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\u2019re 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

Subscribe and Review

Please share this podcast with your friends and family. Our beliefs really do drive our behavior and you are born for more.

Have you subscribed to my podcast? If the answer is no, I\u2019d love for you to subscribe. Live Life Rich is full of stories of business, some behind the scenes, and freaking amazing guests.

If you\u2019re feeling really generous, I\u2019d love for you to give me a review over on Apple Podcasts. Simply select \u201cRatings and Reviews\u201d and \u201cWrite a Review\u201d then a quick line with your favorite part of the episode. It only takes a second and it helps me out a ton!

Supporting Resources:

https://marissanehlsen.com\xa0

Facebook: https://www.facebook.com/marissa.nehlsen

Instagram: https://www.instagram.com/marissanehlsen/

Standard of Living Budget Worksheet: https://marissanehlsen.com/standard/

Bulletproof Your Business: https://marissanehlsen.com/bulletproofyourbusiness/

Get my \u201c15 Ways to Create Cash in Your Business\u201d download: https://15stepstofreedom.com

Join the Live Life Rich Community Facebook group: https://www.facebook.com/groups/liveliferich/

***

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.