segment from wealth wednesdays
6 Figure Jobs. Working in Tech without a Degree. $45 – $60/per hour. Kimmoy
Getting 6 Figures in Tech with Chris Johnson.
How to get into the Tech Industry.
QA testing/ software tester, Database analysts, risk management/ business continuity disaster relief, software analysts, server administration, project management, desktop analyst, operations, network analysts. Certs ITIL, SCRUM, CAPM, security +, etc. Security
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I am affiliated with a number of the offerings on this channel. as well as other influencers I bring on the channel. This also includes the use of Amazon affiliate links.
HOLDINGS DISCLOSURE: I am long General Electric (GE), Alibaba (BABA), JD(.)com (JD), Facebook (FB), Apple (AAPL) and National Grid (NGG). I own these stocks in my stock portfolio.
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Life insurance is often viewed as a financial safety net for the unexpected and a way to provide for loved ones in the event of an untimely death. While these are important aspects of life insurance, many people overlook the potential for life insurance to help create generational wealth.
Generational wealth refers to the passing down of assets, resources, and financial security from one generation to the next. It is a way to provide for future generations and ensure their financial stability and success. Life insurance can play a crucial role in creating generational wealth by providing a financial foundation that can be passed down to heirs.
One of the key benefits of life insurance in creating generational wealth is its ability to provide a tax-free inheritance to beneficiaries. Life insurance payouts are typically not subject to income tax, which means that the full amount of the policy can be passed on to heirs without any tax consequences. This can be a significant advantage in creating wealth that can be passed down from one generation to the next.
Additionally, life insurance can be used as a tool for estate planning and wealth transfer. By designating beneficiaries and setting up a trust, policyholders can ensure that their life insurance proceeds are distributed according to their wishes and are protected from creditors and estate taxes. This can help preserve the value of the policy and ensure that it is passed down intact to future generations.
Another benefit of life insurance in creating generational wealth is its ability to provide financial security and stability for heirs. By providing a lump sum payout or a steady stream of income, life insurance can ensure that beneficiaries have the resources they need to pursue their goals and secure their financial future. This can help create a legacy of financial empowerment and success that can be passed down through the generations.
In conclusion, life insurance can be a powerful tool for creating generational wealth and ensuring the financial security and success of future generations. By leveraging the tax advantages of life insurance, setting up trusts, and using it as a tool for estate planning, individuals can build a strong foundation of financial security that can be passed down to their heirs. By considering life insurance as a key component of their wealth-building strategy, individuals can leave a lasting legacy of prosperity for their loved ones.
St Louis ❤
Who is he, and what's the name of his book or the name of the method of using life insurance he's talking about?
I have a life insurance policy. I am paying off a mortgage and if i croak, my wife is going to be ok.
Life insurance policy doesn’t create generational wealth. It creates an opportunity to better invest and open up the idea of generational wealth if and only if the money is invested properly.