build wealth and financial legacy

How to Build Wealth and Create a Financial Legacy

When was the last time you sat down and asked yourself if you’re actually living the life you want, or if you’re really in the process of creating the legacy you want to leave?

For most people — especially working mothers — the constant worry about day-to-day life, not to mention the worry brought on by the pandemic, overrode the ability to daydream or consider big picture questions, but it was that very same uncertainty that left many of us questioning everything
working mom

Many express trepidation and concern about things like financial insecurity, family obligations (especially child and eldercare), and the fear of trying and failing. 

Arundhati Roy, an author best known for her novel The God of Small Things, talked about the pandemic as a portal in a recent Financial Times article:“Historically, pandemics have forced humans to break with the past and imagine their world anew. This one is no different. It is a portal, a gateway between one world and the next. We can choose to walk through it, dragging the carcasses of our prejudice and hatred, our avarice, our data banks and dead ideas, our dead rivers and smoky skies behind us. Or we can walk through lightly with little luggage, ready to imagine another world.”

Are you ready to imagine another world for you and your family? One where you know that you are financially prepared for most of life’s surprises… the ones that keep you from being able to live as you desire?

What do you desire? Ahhh, the hard question. If you are like me, you desire to be ready, as much as possible, for the surprises. You have lived enough to know that they will come, and you don’t want to be caught completely off guard (like the last time). Having financial security and income from sources other than your job where you trade time for dollars, takes planning. It also takes moving and following the plan. Then it takes reassessing your plan and pivoting.

woman financially freeAll of these require action! Are you ready to plan and really think about where you want to be in the next year, 5 years, 10 years?

If you haven’t already done it, download 7 Steps to Building Resilient Wealth. It is a workbook, designed to help you get in alignment with your financial and investment goals. If you’re ready to explore income opportunities, schedule a call. I’d love to help!

 

Share:

Facebook
Twitter
Pinterest
LinkedIn

Related Posts

The Client a $1.4 Billion Advisor Won’t Take with Jonathan Steele

What if the way you think about money today traces back to something that happened when you were twelve or thirteen? On this episode of Wealth B-Hers, Dr. Felecia Froe sits down with Jonathan Steele, founder and chief investment officer of One Wealth Advisors, a firm managing $1.4 billion for roughly 400 families. Jonathan traces his money story back to eighth grade, watching his mom pay off a department store credit card the second they got home, and then walks through his own winding path from a restaurant kitchen to cold calling at Bear Stearns to building an independent firm with his brother.

ICYMI: Creating Social Impact Through Real Estate Investing with Felecia Froe

Dr. Felecia Froe made her first real estate investment years before she even knew she was an investor. She was five years into her medical practice when it hit her that this wasn’t the last thing she’d ever do. In this ICYMI crossover from Zen and the Art of Real Estate Investing, she tells host Jonathan Greene how an office building she bought with fellow women physicians turned out to be that first deal, though she didn’t realize it until years later. From there she built fast, lost hard in 2008, and rebuilt into Money With Mission, a community that helps professional women use real estate as a financial escape hatch from bad jobs and bad relationships.

Foundations #11: The Cost of Waiting

There’s a kind of waiting that doesn’t feel like waiting. You know exactly what you need to do. You’ve meant to do it for longer than you’d like to admit. You keep finding a reason why right now isn’t quite the right time, and you tell yourself that’s responsible, that’s thoughtful, that’s just good timing. In episode 11 of the Wealth B-Hers Foundations series, Dr. Felecia Froe is done letting that story stand. She breaks down exactly what waiting costs, the compound growth that quietly disappears, the confidence that erodes one avoided month at a time, the low hum of 2am anxiety that never fully goes away. She shares her own experience starting over in the middle of real loss after 2008, and she lands on something most financial advice never says out loud: the perfect moment to begin is never coming, for anyone.