10 Ways to Make Your Children Rich | A Guide to Black Generational Wealth

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  • Опубликовано: 24 ноя 2024

Комментарии • 64

  • @BlackExcellist
    @BlackExcellist  9 месяцев назад +1

    Please Support by grabbing our Black History Book Series 📚 @ blackamerica.link/BlackExcellistVideos … or say 🙏🏽 by buying our team a ☕️ ko-fi.com/blackexcellist

  • @contescaptivantsdecassie
    @contescaptivantsdecassie 9 месяцев назад +11

    A wise man leaves an inheritance for his children

  • @toddhayes3506
    @toddhayes3506 9 месяцев назад +11

    Knowledge is Power

  • @Argemirel
    @Argemirel 9 месяцев назад +28

    1. Create a Budget
    2. Establish financial goals
    3. Build credit score
    4. Invest into the stock market
    5. Life insurance policy
    6. Estate Planning
    7. Setup a Trust Fund/ Account
    8. Form team of trusted advisors
    9. Multiple streams of income
    10. Mentor your kids for financial stewardship

  • @Alucky6
    @Alucky6 7 месяцев назад +3

    It's not always how much you make, but how much you can save

  • @skywilliams323
    @skywilliams323 7 месяцев назад +5

    I have Gerber grow up plans for each one of our children, They each get $100,000.00 when they turn eighteen.I think that's a pretty good start.

    • @Argemirel
      @Argemirel 6 месяцев назад

      That’s sounds like a good start to me! Just have to make sure they have the knowledge to manage it proper. And they’ll be set.

    • @pgppe9488
      @pgppe9488 2 месяца назад

      How you talking about a whole life insurance plan? If so how does that benefit the young person?

  • @jameseaton28
    @jameseaton28 9 месяцев назад +21

    Mm... see that's my plan that I'm going to put into action... I'm going to earn my riches then pass down an inheritance to my direct descendents ( my children ). I'm keeping the money all in the family.

    • @BlackExcellist
      @BlackExcellist  9 месяцев назад +4

      💪🏽💪🏽

    • @Erica-cf1xb
      @Erica-cf1xb 9 месяцев назад

      Use the Bible to do it. Anything else you will go easy. The business will have zero integrity and you may find yourself involved in situations you didn't authorize... while awake.

    • @demetrioperkins7424
      @demetrioperkins7424 9 месяцев назад +3

      That Is So Awesome And Inspiring That You're Making "The Wealth Choice " ( Dr. Dennis Kimbro ) For You And Your Family 👨‍👩‍👧‍👦 For Generations To Come!!!

    • @Thequeenwithinclub
      @Thequeenwithinclub 9 месяцев назад +1

      Same WE GOT THIS #letsgo 💙💪🏆

    • @sistersister2209
      @sistersister2209 9 месяцев назад +1

  • @02nupe
    @02nupe 9 месяцев назад +8

    #Save #Invest #GenerationalWealth #Ownership #RealEstate #Stocks

  • @Its_Raymond
    @Its_Raymond 9 месяцев назад +8

    Any information that better yours financial standing is always top notch. Great content.

  • @bob.from.accounting
    @bob.from.accounting 9 месяцев назад +8

    This is good. I sent this to a friend. She (and her husband) just had a child.

  • @ezinneerhirhieneeukaogo1439
    @ezinneerhirhieneeukaogo1439 9 месяцев назад +7

    1. Teaching character
    2. Delayed gratification
    3. How to choose and be a right partner
    Makes a huge difference.
    These soft skills indeed keep the wealth in the family

  • @GracePastors
    @GracePastors 9 месяцев назад +6

    My family's generational wealth is Blake, Blakeney, & Blakiston Brokerage Offices, INC in perpetuity, 3 Shark Venture Capital Firm, INC in perpetuity, Lake Marionette Bed&Breakfast, LLC in Holly Hill, SC in perpetuity, and Captain B Piscicultural Farms, INC in Pineview, SC in perpetuity.
    Junesse Blake
    Dekalb County, GA, USA
    Antonio Blakeney
    Port au Prince, Haiti
    Mary Blakiston
    Saxby on Avon, England

  • @WealthbuilderzTV
    @WealthbuilderzTV 9 месяцев назад +5

    I really love this video. You guys broke it down beautifully. I love this channel.

  • @Alucky6
    @Alucky6 7 месяцев назад +1

    Thank you for the information. Please produce more videos like this. We all can benefit from financial literary.

  • @ionafisher3730
    @ionafisher3730 9 месяцев назад +6

    GREAT INFO THANK YOU

  • @asfeastasteaw
    @asfeastasteaw 5 месяцев назад

    1)Create A Budget.
    2)Establish Financial Goal.
    3)Maintain Good Credit.
    4)Invest Into The Stock Market.
    5)Life Insurance Policy.
    6)Estate Planning Strategies.
    7)Set Up A Trust.
    8)Team Of Trusted Advisors.
    9)Create Multiple Streams Of Income.
    10)Mentor Your Kids.

  • @Thequeenwithinclub
    @Thequeenwithinclub 9 месяцев назад +3

    Great information as always ..Love #4 in regards to passive income 💪🏆❤️WE CAN DO IT 🥂

  • @HeyHawX
    @HeyHawX 9 месяцев назад +8

    Thank you.

  • @TheLovely990
    @TheLovely990 9 месяцев назад

    Hello. Great information. I try telling this to my niece, who has kids, but it's not sinking in, unfortunately. Hopefully, she will wake up.

  • @SimplyShakeila
    @SimplyShakeila 9 месяцев назад +3

    Great info!

    • @BlackExcellist
      @BlackExcellist  9 месяцев назад +1

      We are glad you found it helpful 👌🏽

  • @InvestmentAnalysis421
    @InvestmentAnalysis421 9 месяцев назад +4

    Good job keep it up

    • @BlackExcellist
      @BlackExcellist  9 месяцев назад +1

      Thank you, we will keep on posting 🔥

  • @DrAntoinetteLloydMD
    @DrAntoinetteLloydMD 7 месяцев назад

    Good info Thks.

  • @oxonerossmavungu2360
    @oxonerossmavungu2360 9 месяцев назад +4

    Can we get more videos about the dmv area please

  • @CoryTyler
    @CoryTyler 9 месяцев назад +3

    This is extremely helpful. Look forward to sharing this video with my students in Los Angeles. I’m disappointed there was no mention of Bitcoin as an investment vehicle. True, the asset is volatile yet so is not buying any. Thoughts?

    • @BlackExcellist
      @BlackExcellist  9 месяцев назад +1

      We are investing in Crypto and are advocates of Blockchain but wanted to give advice that’s tried and true. We did post a Crypto video about a year ago but that was before the Crypto Winter hit

  • @bluespagirl1
    @bluespagirl1 9 месяцев назад +3

    Tye BC is projected to have a $0 GDP by 2050 ~ there's much work to be done.

  • @michellerosebrown
    @michellerosebrown 9 месяцев назад

    Save. Invest. Generational Wealth. Ownership. Real Estate. Stocks.

    • @economicdevelopmentplannin8715
      @economicdevelopmentplannin8715 8 месяцев назад

      my 3 steps
      1 quit HS on 16th bday to double up on FT jobs.
      2 invest everything into a long term leveraged ETF investment strategy - backtested over the last 100 years
      3 marriage and kids by 21 with someone similar. Adopt as many kids as is affordable. (repeats steps 1-3)
      everything else works out

  • @philthai99
    @philthai99 8 месяцев назад

    First and foremost you need to create a budget. Get yourself a checking and savings account. Watch your debt. No the difference between a want and a need. Set your goals.

  • @markelhughes1163
    @markelhughes1163 9 месяцев назад

    Only thing I agree with you on on this channel is a will and life insurance and kids

    • @karimmiller5441
      @karimmiller5441 9 месяцев назад

      I disagree with having a will. A will can be contested, so a trust is the better route.

  • @debiase1
    @debiase1 9 месяцев назад +2

    Blacks need to really get enclosed ok what’s going on amd get money

  • @cynthiabanks-holman6952
    @cynthiabanks-holman6952 9 месяцев назад +2

    🙂✨

  • @themessengacross1581
    @themessengacross1581 8 месяцев назад

    Call on Jesus🙏❤️✝️

  • @mymusicpublisher
    @mymusicpublisher 3 месяца назад

    Who are the creators of this channel?

  • @NarcSlayer912
    @NarcSlayer912 9 месяцев назад +1

    💡🫡👍🏾

  • @abrin5508
    @abrin5508 4 месяца назад

    This is basic but not bad advice to do well. Maybe skip the generational wealth title - that is way beyond this info.

  • @Lex-The-Truth
    @Lex-The-Truth Месяц назад +1

    Using advice from a dead system is detrimental in a new one... This advice is harmful smh. Thumbs down

  • @markelhughes1163
    @markelhughes1163 9 месяцев назад +3

    Reparations first then we'll talk about all this other stuff that creates wealth so stop making the sarcastic videos

    • @DocMatthews0311
      @DocMatthews0311 9 месяцев назад +6

      When you wake up, look at the video again. Waiting on Reparations is wild…