How My Family Achieves Happiness and Success
Establishing Generational Wealth: Our Strategies and Insights
Our last post introduced us and our journey to create generational wealth and happiness. In this post, we’ll share steps and strategies to build a legacy for your family. My family has a financial plan that helps us achieve our goals and live comfortably. We also invest in education, personal growth, and development to improve our future. Here are some strategies we use.
Financial Plan
We follow a 50/10/25 rule to manage our money. We spend 50% of our income on needs, 10% on wants, and 25% on savings. We update our monthly budget to keep up with inflation and find ways to earn more. We save automatically and have different accounts for emergencies, retirement, education, and travel. We avoid debt as much as possible and pay off our balances in full every month. If we ever get into debt trouble, we use the snowball method to pay off our debts from smallest to largest. These habits help us achieve financial security and freedom for ourselves and our child.
Investment Portfolio
My husband taught me how to invest wisely and build a diversified portfolio. A mix of different types of assets can lower your risk and increase the growth potential of your investments. We don’t invest for the short term or put all our money in one sector or region. We balance our portfolio between risky and safe assets and adjust it according to age, goals, and market conditions. We also review and rebalance our portfolio regularly to keep it on track.
Education
Education is one of the critical factors that influence wealth. Education increases human capital, improves financial decision-making and planning, and controls asset diversification and leverage. These factors affect income, wealth potential, and intergenerational wealth transfer. However, education can also create or reinforce inequality, depending on different groups’ access to and quality of education.
Personal Growth and Development
Personal growth and development are essential for achieving happiness and success in life. They help us discover our strengths, overcome our weaknesses, and pursue our goals. In my family, we implement personal growth and development in various ways, such as:
Reading books, articles, podcasts, and videos that inspire us, teach us new skills, or challenge our perspectives. We share what we learn with each other and discuss how we can apply it to our situations.
We are setting SMART (specific, measurable, achievable, relevant, and time-bound) goals for ourselves and supporting each other in achieving them. We celebrate our achievements and learn from our failures. We also review our goals regularly and adjust them as needed.
By seeking input from others and being open to constructive criticism, we value honesty and respect in our communication and give and receive feedback positively and helpfully. We also acknowledge our mistakes and apologize when we hurt someone.
We are practicing gratitude and optimism every day. We express our appreciation for what we have and what others do for us. We also look for the bright side of every situation and focus on the opportunities rather than the obstacles.
We eat well, exercise regularly, sleep enough, and meditate daily. We also manage our stress levels and cope with our emotions healthily. We seek professional help and care for our physical, mental, and emotional well-being.
We are having fun and enjoying life. We make time for hobbies, passions, and interests that make us happy. We also spend quality time with our friends. We laugh often and create positive memories.
By implementing personal growth and development in these ways, we have experienced more happiness and success. We have also grown closer as a family and strengthened our bonds.
In this blog post, I wanted to share some tips and avenues for building generational wealth: the ability to pass on assets and opportunities to your descendants. I explain why generational wealth is essential, especially for marginalized communities, and how to overcome common challenges and barriers that prevent us from achieving it.
I also invite you to share your experiences and insights on building generational wealth and any questions or feedback you may have. We hope to inspire and empower others to take action and create a lasting legacy for yourselves and your loved ones.
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🥒👨👩👧👦 Introducing: This is your typical pickle family! 🙌 They're sour, they're crunchy, and they're all about living that brined life. 👀 Who knew pickles could have a family, right? Well, get ready to be introduced to the Pickles, the most eccentric clan you'll ever meet. They'll make you relish every moment with them. #PickleFamily #SourSquad #BrinedLife #FamilyGoals #GreenAndProud #CrunchyCrew #CodeHighlights #FunWithCode #aiart #midjourney #dalle2 https://www.instagram.com/p/CpfPvUQO7MD/?igshid=NGJjMDIxMWI=
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From three to four, our love continues to pour 💕 "Two's company, but three's a crowd, Our little family always bustling and loud. But now, a new life is on the way, Bringing us joy in a brand new day. From three to four, our love will pour, Expanding our hearts, forever more. A daughter, a wife, and a baby boy to hold, Our family story, forever told. With each new member, our bonds will strengthen, A love that will last, forever lengthen. So here's to a family that's always growing, Where love is always overflowing. From three to four, our love will shine, Bringing happiness and joy all the time. A family so strong, a love so true, Forever and always, our family of three, now four." #KS2 #KS3 #KSSquad #FinallyKS #love #family #babybump #pregnancy #cute #adorable #newlife #familytime #familylove #familygoals #grateful #thankful #beautiful #life #joy #babyontheway #newbeginnings #memories #familyphotography #familyportrait #momfashion #babyfashionista (at Petaling Jaya, Malaysia) https://www.instagram.com/p/ColrAmGPj0J/?igshid=NGJjMDIxMWI=
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happy 30th birthday to my little brother who finally became a man today. but in all seriousness jon, i am proud of everything you accomplished, your massive wiseness and your continued strides. im blessed the universe and our ancestors chose me to be your big sister ❤️ #littlebrother #brother #throwback #family #familygoals #birthdays https://www.instagram.com/p/CoNosJ3vEv_/?igshid=NGJjMDIxMWI=
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