Are You Your Family’s Bank? – Episode #15

This episode provides clarity on the giving conundrum of high-income earners. First-generation high-income earners are fulfilling the American dream of becoming upwardly mobile. However, being the first in the family to earn a considerable salary can have an unexpected consequence You can become the bank to those family and friends who earn less. High income earners often have “Income Guilt,” which is a response to earning considerably more income than others who earn less. Once you’ve given and given… Once you realize that you may be the family’s bank, then resentment builds First-generation high-income earners often vacillate between feelings of guilt and resentment regarding their giving. Have you ever considered the true results of giving from the place of guilt or resentment? There are significant financial consequences to you. The solution is to have a legacy giving plan. This is the win-win solution. You give and you achieve your goals. Everyone wins. Listen to this episode so you can solve the giving problem that exhausts first-generation high-income earners. Podcast Cheatsheet:Guilt Resentment Cycle - 1:20Episode’s Rich Behavior - 5:38Win-Win Giving Solution - 8:01Ready to Start Behaving Wealthy:https://www.behavingwealthyacademy.com/roi-retirement-roadmapShare this podcast with your friends:Spotify - https://open.spotify.com/show/6uwUCj8c971XUJgbOOAH9hApple Podcasts - https://podcasts.apple.com/us/podcast/the-high-worth-%24hift/id1654041671Amazon - https://music.amazon.com/podcasts/c76f2f81-4fff-4d6e-8943-d31e298d5e85Google - https://podcasts.google.com/feed/aHR0cHM6Ly9tZWRpYS5yc3MuY29tL2hpZ2h3b3J0aHNoaWZ0L2ZlZWQueG1s?sa=X&ved=2ahUKEwj8zdXUzsf7AhVamFYBHcZnBwoQ9sEGegQIARACWant the video of this podcast?Youtube -