generation wealth: how to build, enjoy, and leave a million dollar legacy

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This is the most financially informed generation in the history of America, yet they've never been taught how to build, enjoy, and leave a million dollar legacy. This presentation touches on the 3 ways to build a million dollar legacy, spend it while you're here, and leave it in good hands for the next generation.

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Page 1: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy
Page 2: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

Disclaimer

• This presentation is for educational purposes only and is not intended to replace the advice given by a qualified financial service professional and/or lawyer.

• Please consult with a lawyer or financial advisor before acting on any information in this presentation.

Page 3: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

Generation WealthHow to build, enjoy,

and leave a million dollar legacy.

Page 4: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

Why Generation Wealth?

Page 5: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

Why Generation Wealth?

1. The most financially literate & informed generation in the history of America.

2. This generation has the most opportunity to create a financial legacy in the history of America.

Page 6: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

What is a legacy?

Page 7: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

What is a legacy?

1. A gift of property, especially

personal property, as money, by will; a bequest.

2. Anything handed down from the past, as from an ancestor or predecessor Source: Webster

Page 8: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

What is Wealth?

Page 9: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

Financial Wealth = $1,000,000

Page 10: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

Financial Wealth = $1,000,000,000

• There are no “thousand-aires” or multi-thousand-aires

• A million still buys… – ½ million dollar home, six figure

luxury sedan, 4 year Ivy League degree, and $200,000 to throw around

Page 11: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

Generation Wealth

• How to build, enjoy, and leave a legacy.

• How to build, enjoy, and leave a million dollars.

Page 12: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

How to Build a Million Dollar Legacy

Three ways…

Page 13: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

3 Ways to Build a Million

1. Business

Page 14: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

Build a Million Dollar Business

• Goal: – Start a business & sell it for 2X

earnings, X = $500,000

• Obstacle: – Can you sell 500 units @ $1,000 each?

• Problem/Solution: – Most people can’t sell. Can you learn

to sell? What will you sell?

Page 15: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

3 Ways to Build a Million

1. Business

2. Real Estate

Page 16: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

Build a Million in Real Estate

• Goal:– Own 10 properties that you can sell for a profit

of $100,000 each

• Obstacle:– Who will lend you $500K - $1M to buy

properties that you can sell?

• Problem/Solution:– Banks aren’t lending. Can you afford the

operating costs? Can you find properties?

Page 17: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

3 Ways to Build a Million

1. Business

2. Real Estate

3. Stock Market

Page 18: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

3 things about investing

1. You’re already doing it at work.

2. It’s cheaper and easier.

3. But, it takes time.

Page 19: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

Build a Million Dollar Portfolio

• Goal:– Accumulate a million dollars through the

stock market

• Obstacle:– Time. Building it fast enough to enjoy it.

• Problem/Solution:– Multiply the daily return of the stock market

by 3X to reduce the amount of time and $$ required to build a million

Page 20: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

The way most invest• Max out 401(k)• Earn 8% a year• A million in 22 years

Higher Returns = Less Time Less Time = Less Money Invested

Build a Million Dollar Portfolio

Page 21: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

How to Build a Million Dollar Legacy

You build a million dollar portfolio by investing differently than your

friends.

Page 22: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

How do you enjoy your legacy?

Page 23: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

3 things about your legacy

1. We’ve been taught how to build a nest egg, but not how to spend it.

2. Taxes, risk, and big withdrawals are legacy killers

3. Legacies are unavoidable for smart people.

Page 24: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

How to enjoy your legacy.

Borrow

• Debt is not debt when you have the money to pay it off

• Control taxes and conserve capital by controlling withdrawals

Page 25: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

How to enjoy your legacy.

Take your time

• Big withdrawals today = small income tomorrow

• Turn big ticket expenses into small monthly payments that crush interest by paying 1.5X

Page 26: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

How to enjoy your legacy

Do more with less risk

• Invest 1/3rd of your portfolio by using investments that multiply the daily return of the stock market by 3X

• Instead of investing 60% in stocks you can invest 20% and put the rest into bonds and cash.

Page 27: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

The Nest Egg Portfolio™

• Bonds: $800,000

• Stocks:$200,000

• Income: $72,000

• Bonds:$400,000

• Stocks:$600,000

• Income: $60,000Higher returns = Less Capital Invested = Less Risk

Page 28: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

How to enjoy your legacy

• Borrow– Use debt to control taxes and

conserve capital

• Take your time– Pay for big ticket expenses

with small monthly payments

• Do more with less risk– Invest a 1/3rd of your portfolio

in stocks

Page 29: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

How do you leave a legacy?

Page 30: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

How to leave a legacy

Control it, don’t own it

• If you don’t own it, then your death doesn’t matter.

• Trust accounts

Page 31: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

How to leave a legacy

Use their money

• Life insurance puts the financial risk of your death on the back of the insurance company.

• Would you pay $36,000 to get $500,000? Tax free?

Page 32: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

How to leave a legacy

Stretch your money

• IRAs must pay money upon your death due to deferred taxes.

• If you leave it to a young person the IRS takes out less, leaving more to grow.

• Money doubles every 10 years. Young people have more decades double money.

Page 33: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

How to leave a legacy

• Control it, don’t own it– Trust accounts

• Use their money– Life insurance

• Stretch your money– Leave some to the kids

Page 34: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

In summary…

Page 35: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

• This generation (Gen Wealth) is the most financially literate and informed generation in American history…

• …with the most opportunity to build, enjoy, and leave a legacy

Page 36: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

• Build a legacy by investing differently than your friends…– Higher returns– Less time– Less money invested

Page 37: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

• Enjoy your legacy by…– Using debt to limit taxes– Financing to control

withdrawals– Doing more with less risk,

by investing differently than your friends

Page 38: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

• Leave a legacy by…– Using trust accounts to

control, not own– Using other people’s money

through life insurance– Designating young

beneficiaries to reduce the impact of IRS intervention

Page 39: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy

Thank you!

Maurice L. WilsonWilson Wealthwww.wilsonwealth.commaurice@wilsonwealth.com704.222.4162Home of the Million Dollar Portfolio™

Page 40: Generation Wealth:  How to Build, Enjoy, and Leave a Million Dollar Legacy