EPISODE · Oct 18, 2021 · 25 MIN
How to Create A Financial Plan that Builds Generational Wealth
from The Financial Griot · host Lovely Merdelus, Alainta Alcin, Lawrence Delva-Gonzalez
The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the racial wealth gap. Merriam-Webster defines a Griot as a West African historian, storyteller, praise singer, poet, or musician. The griot is a repository of oral tradition and is often seen as a leader due to their position as an advisor to royal personages. As a result of the former of these two functions, they are sometimes called a bard.As such, we tell the stories that others don't. Stories that we should share for growth, opportunity and understanding. Beyond that we talk about Finances. Specifically, how to become Financially literate, incorporating actionable steps and ultimately building generational wealth. So there you have it, The Financial Griot or TFG for short. You will be in for a treat. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since opportunity is abundant and Win-Win. Resource for this Episode:How to Set up Your own Month-to-Month Million Dollar Financial PlanHow I started investing? Making My First $50,000!How to Become a Millennial Millionaire in Less than 10 years! Connect with TFG Crew: Alainta Alcin - Blogger, Travel and Money Enthusiast @its_alaintaLovely Merdelus - Entrepreneur and Small Business Growth Specialist @lovelymerdelusLawrence Delva-Gonzalez - Federal Auditor, Blogger and Tax Specialist @theneighborhoodfinanceguy
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What this episode covers
October is Financial Planning Month. As such, it's an amazing opportunity to level up like the rich. In this episode, Lawrence Delva-Gonzalez aka our Neighborhood Finance Guy breaks down how you can structure yourself every month of the year in order to build wealth one step at a time. Alainta Alcin and Lovely Merdelus sitting this one out but they will be back in the next episode. In 2016, Lawrence attended two Financial advisory workshops by invitation in Washington, DC. These workshops were tailored to high earners racking in over $125,000+ per year single and over $250,000+ per year as a household. To be honest, they weren't talking about anything new to me (Law). Some people like to complicate things but we will make this money make cents. While unspoken, financial advisory moves based on a calendar of key events through the year. For example, November kicks off health insurance selection and other changes at your job. On top of that, private accountants start formulating tax strategies for the next year for their clients as well as investment closeout for the current year. It might sound complicated but this is why we break it down on this episode of the Financial Griot. Share, Subscribe and Leave us a review. We read them all while drinking wine.
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How to Create A Financial Plan that Builds Generational Wealth
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