Generational Wealth, With Lauryn Williams and Chloé Moore

Welcome to Round 2 of the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They will take you behind the numbers with real-life examples of financial situations to help you gain confidence and clarity to control your financial destiny. Is generational wealth really as good as we think it is? 70% of wealthy families lose their wealth within one generation, while 80% of today’s millionaires made their money on their own. If you want to create generational wealth in your family, Lauryn and Chloe are sharing what you need to know about creating generational wealth and helping your future generations retain it.  In this episode, Lauryn and Chloé talk about: The definition of “generational wealth” Major challenges to building generational wealth Importance of gaining financial literacy Why you shouldn’t be afraid to educate yourself & invest in financial literacy Simple financial skills you can teach your children Dealing with the obligation of giving money to family Impact of the wage gap on generational wealth How to make the most of income increases Negotiating your income Why estate plans are essential What entrepreneurs need to know about building generational wealth If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to connect further with Chloé Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote:  “Money isn’t about buying bigger and better things. It’s about being prepared to take care of your family.” – Unknown  RESOURCES MENTIONED: Boomers have more wealth ‘than any other generation,’ but millennials may not inherit as much as they hope Negotiate Anything Podcast Worth Listening Episode #112: First Generation Wealth Builders Tax Lauryn is hosting two Welcome to Wealth financial retreats this summer for young professional women. Want to go on an adventure and create a financial plan for your life? Learn more at the links below. Medellin, Colombia July 2023 Bali, Indonesia August 2023