83: Building a Legacy for Your Family | College Savings, Generational Wealth, and Estate Planning
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As business owners and mothers, we want to leave a financial legacy for our children so they never have to worry about money - but what’s the best way to do that? In this episode, I’m sharing my tips for building a legacy for your family through financial literacy, college savings (and alternatives to 529s!), and estate planning for leaving your business and other assets to your family.
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In this episode, you'll learn:
0:00 What it means to build a legacy
7:23 Why you need to prioritize your own financial well-being first
11:24 Paying for your child’s education and alternatives to a 529 account
17:25 Opening a retirement account for your children through your business
21:40 Leveraging estate planning to leave assets for your children
7:23 Why you need to prioritize your own financial well-being first
11:24 Paying for your child’s education and alternatives to a 529 account
17:25 Opening a retirement account for your children through your business
21:40 Leveraging estate planning to leave assets for your children
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I’m Sarah Young - an entrepreneur, investor, and millionaire mentor for female founders! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, in addition to building my own successful agency, and I started the Profit + Prosper podcast to help you do the same.
Profit + Prosper will help you make more money, save more money, and set yourself up to retire early while upgrading your life - all in a way that’s fun and empowering. In each episode, I’ll share tactical, strategic, and mindset tips to grow your business, increase your profit, and truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!
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