The 4 Legacy Models (And Why 3 of Them Don’t Work)
Welcome to the 158th episode of the Alternative Investing Podcast!
In today’s episode, we’ll explore why the three traditional legacy models often lead to financial distress and how one revolutionary model offers a fresh, potent approach to providing a lasting impact on your loved ones and the community.
- The Financial Footprint Metaphor
- The Three Outdated Legacy Models That Don’t Work
- The Revolutionary Legacy Model
- How to Go Beyond the Usual Models
If you’re an investor who wants to learn how to redefine your financial footprint and create an enduring legacy, then make sure to listen to this episode!
00:00 – Intro
0:43 – Why Traditional Financial Legacies Don’t Work
2:21 – Redefining the True Financial Legacy
4:30 – The Problems with Traditional Legacy Models
6:25 – The Dead Duck Legacy and The Skinny Cow Legacy
8:02 – The Lazy Panda Legacy
10:42 – The Freebird Legacy and How It Differs from the Other Three Models
12:48 – Taking Charge of Your Financial Assets
13:57 – Outro
Are you familiar with the four models of financial legacy? This fascinating topic has garnered considerable attention lately, and for a good reason.
As the organiser of an event that tackled the typical financial structures surrounding legacy, I can tell you firsthand that it’s time to start rethinking our perception of what it means to leave a financial legacy.
Longitudinal legacy studies have indicated that most financial legacies fail, with the wealth accumulated by parents often squandered by their children.
But here’s the good news – by implementing actionable strategies, we can tilt the odds in our favour.
What, then, is a financial legacy?
Simply put, a financial legacy can be viewed as your ability to utilise financial resources to create lasting impact and influence. This definition, refreshingly, has little to do with death, a stark contrast to the common misconception that a financial legacy only comes into play posthumously.
In reality, many perceive legacy as beginning early in life.Read More
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