Some initial questions : - What's money's role in the world - What is the nature of money? good and bad - What is money's value in my life? - Where can money get me to? - What is the catch with progress and how can contentment be defined? Some answers: 1. Money / economy is the reason someone is willing to grow fruits and vegetables, someone is willing to distribute it, is the reason why we are able to buy groceries and cook it. Simple as that. Nothing in this world moves without this formal way of exchanging favors. From the necessities like food, clothing, security to the luxuries of travel, brands, houses, cars and even education. 2. Money is a reflection of whoever uses it. So it can be good or bad. And money is not always fair - the hard working get paid less and the more easier jobs get paid more. The differentiator is not the difficulty in doing the job, the differentiator is the difficulty in learning the job. Anyone can train to be a maid, and it gets paid less e...
On YouTube and insta as investingLatina The power of networking within your community. Racial issues in wealth gap. Systemic issues. ‘Don’t take risks’ ‘buy a house’ ‘save save save’ culture holds us back. Finance Education. Support small business. Vote advocates. Invest. Create estate plan. Support communities that are out of the risk slice. Summarizing these in the action notes with all other sessions from Jully Generational Wealth : 70% of wealth gets lost after one generation - estate and communication helps close this gap. 15K / year - gift - you can also front load for 5 years and not pay for 5 years. Irrevocable life insurance trust Family limited partnership Qualified personal residence trust - NFT/art/real estate Intra-family lending - on the books - strategically done - passing wealth - taking a loan out of parents/grandparents Importance of Investing Stocks Always have an exit strategy. Earnings growth - data? Trajectory over ...
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