Build wealth to change your family’s legacy
I do not claim to have learned all there is to know about wealth. I myself am on a quest for knowledge and the total transformation of my life. Yet, I want to encourage every woman who is not living her financial dream to seek advice, tips, books, instructors, etc. So. they, too, can change their lives. Every year, I save my change from transactions and put it in a change jar. It takes me a year or two to fill this huge pickle jar my aunt gave me with my leftover change.
Once it’s full, I take it to one of those machines in the supermarket that counts it for you and collects a small fee in the process. I know. I should take it to my bank. I don’t want to be bothered with lines, people, and let’s face it … side eyes from bankers. Lol! I’m not a financial advisor, but, I am a mom who wants to leave a legacy. And that means by any legal means necessary
Wealth is such a personal thing. I mean it’s relative, right? Sure, some inherit it, but somebody somewhere had to first take a chance in the right direction and add in some hard work to build that pile of assets to, in turn, pass along. I truly believe that as long as we have breath, we can change our lives for the better. That includes finances.
So, let me list some ways you can build wealth. These will obviously take time, but you won’t get anywhere doing nothing.
1. Save and invest what you’re saving to build wealth.
The goal here is to save at a rate where you’re earning interest on the money. Some ways to mod this is to look into online savings accounts, investing in the stock market, save in your 401k which will also invest those savings in mutual funds, index funds, etc. You get it. put your money in places where it can possibly grow. Of course, this is not financial advice. Seek out a financial advisor and trust your gut.
2. Buy property to build wealth
There is a reason folks talk about buying a home. You eventually will own that home and that piece of land. One day, you may sell it for a profit. A corporation could desire to buy it. There are perks to ownership, so we all need to seek ways to invest our money in assets that bring value and not in those that do no. Hmmmm. Can we discuss luxury cars when you don’t own your home and buying new cars vs pre-owned and still under warranty. These are things we must consider as well. What is wanting to look good and have our dream care NOW costing us? You’re grown, but be clear, to build wealth you’ve got to make choices the wealthy make.
Save something to build wealth
The Bible says in Proverbs 13:22 “A good man leaveth an inheritance to his children’s children.” Wow! I want to do that! Don’t you? It may not happen for me or you the way it happened for others, but the truth is we need to start building (if we haven’t already).
I like to listen to a few folk’s advice for saving. The Bible says, “There is wisdom in a multitude of counselors”. I say there is confusion in not having a plan. As a single mom, I have seen lack and abundance (my scale may be just getting by). It (life) has been smooth and it has been rocky. But, GOD has kept me and my boys. He has been faithful. Because of this, I like to be faithful with what he gives me. So, I believe that part of wealth creating is giving. I can’t say I always tithe like I want, but I give. I have charities I support. It makes me feel so good inside to help someone else in need. Try it. It’s amazing how even our little is sometimes greater than what some one else has.
If giving money is not feasible, please find time to show your kids how to give back to others by you all doing charitable work. If money is not a problem, consider mentoring other women on wealth creation. We are blessed to be a blessing.
Side note: The sense of entitlement of the youth these days is at an astronomical level. Even my own kids have tried to act as if the world owes the something. I quickly nip that in the bud. I have them help me serve, and I have them give away toys and clothes. I also had them pick out the boy we sponsor in Africa who is around their age. I talk to them about how blessed we are knowing that they don’t fully understand yet. But, I know one day it will be clear. As I work to build something to leave them, I want to leave my wealth to men who know how to handle it and who know the blessing they hold.
So moms, even if it’s five bucks a week, start saving now. Try the change jar idea. Or, refrain from the delicious $5 coffee for a few weeks and watch it add up. We have more than we think even when to us it is not enough. Saving is a family affair. Get everyone in on the conversation. Make it a contest if you can, but by any means, save.
I pray this post blesses you and your family, and you get started on building your empire.
“Saving is hard, and I have bills,” you say.
Do It Anyway!
