Lashawn E. Mikell

Happy Thursday!!! Tip of the Day: How to Grow Generational Wealth:

1. Liquidity Management- using cash reserves to cover emergencies or take advantage of opportunities without disruption of other investments.

2. Tax Planning- creating tax efficient strategies where giving and other charitable contributions to reduce liabilities and minimize costs.

Happy Wednesday!!! Tip of the Day: How to Grow Generational Wealth:

Wealth Protection Strategies- legal structures that shield your wealth from lawsuits and creditors:
1. LLCs.
2. Trusts.
3. Other Shell Legal Structures.

Happy Tuesday!!! Tip of the Day: How to Grow Generational Wealth:

Risk Management- Strategies to diversify your investments and mitigate market volatility.

a. Get Financial Advice.
b. Review your Investments Often.
c. Weigh your risk versus losses.

Happy Thursday!!! Tip of the Day: How to Keep Generational Wealth:

1. Strategic Estate Planning.
2. Diversify & Protect Assets.
3. Purchase Life Insurance.

Happy Wednesday!!! Tip of the Day: How to Keep Generational Wealth:

1. Educate & Prepare Family and Heirs.
2. Establish Family Governance.
3. Create a Great Financial Team: Lawyer, Tax Preparer, & Financial Advisor.

Happy Tuesday!!! Tip of the Day: How to Keep Generational Wealth:

1. Efficient Tax Strategy.
2. Business Succession Planning.
3. Align Philanthropic Values.

Happy Thursday!!! Tip of the Day: What are the Non-Financial Benefits of Generational Wealth:

1. Education.
2. Family Values and Legacy Building.
3. Professional Networking.
4. Social Capital
5. Entrepreneural Mindsets.
6. Health and Wellness.