FINANCIAL EDUCATION
Knowledge - Goals - Decisions - Management - Financial Wellness
Financial Self-Discovery
​​
Know Yourself,
Grow Your Wealth®
Know Yourself, Grow Your Wealth® is a non-credit certificate program from The American College of Financial Services, that helps you improve financial decision-making, increase your financial security, and put into practice strategies to achieve your financial goals.
18 - 42 - 65
Coming Soon
Creating, growing, and preserving wealth is a process that if done right, can offer opportunities for generational wealth. Lexus Wealth built 18 - 42 - 65 to demonstrate the value in making appropriate financial choices throughout different age groups.
Building and Sustaining Wealth Across Generations
​Creating and sustaining generational wealth is a journey that involves thoughtful planning, disciplined financial habits, and a commitment to education and legacy. By taking proactive steps today, you can lay a strong foundation for your family’s financial future and empower generations to come.
Financial Education is paramount in this process of managing and maintaining assets across generations. The education necessary to make informed financial decisions is essential at any age, specifically as a youth working for the first time, a middle age adult nurturing a family and starting the process of planning for retirement in their prime earning years, and as a mature adult preparing for an eventual retirement leaving work behind.
Each of these stages will utilize some foundational principals of financial literacy to teach children and heirs strategies to grow and preserve assets of lifelong wealth accumulation.
​
Also included in the concept of building wealth across generations, we introduce the Family Meeting. Regular discussions about family values, goals, and the responsibilities that come with money & wealth.
​
Generational Wealth it's what we do.
Pathway to Generational Wealth
Financial Habits
Long-Term Investing
Multiple Income Streams
Education and Skill Development
Protect and Preserve Wealth
Cultivating a Legacy Mindset
-
Budget Wisely: Monitor spending, save consistently, and avoid unnecessary debt.
-
Create an Emergency Fund: Set aside three to six months’ worth of living expenses to protect against unforeseen events.
-
Manage Debt: Prioritize paying off high-interest debts and use credit responsibly.
-
Stock Market Investments: Invest in diversified portfolios such as stocks, bonds, or mutual funds to take advantage of compound growth over time.
-
Real Estate: Consider property investments, which can provide passive income and appreciate in value.
-
Retirement Accounts: Contribute regularly to retirement plans like 401(k)s and IRAs to build a solid nest egg.
-
Entrepreneurship: Start a business that can grow and be passed on to future generations.
-
Passive Income: Explore investments like rental properties, dividend-paying stocks.
-
Investing in education and continuous learning increases earning potential and equips future generations with the skills to succeed. Consider funding educational savings accounts or trusts for children and grandchildren.
-
Insurance: Secure adequate health, life, and property insurance to safeguard assets.
-
Estate Planning: Create a will, establish trusts, and designate beneficiaries to ensure smooth transfer of assets.
-
Tax Efficiency: Work with financial advisors to minimize tax liabilities and maximize after-tax income.
-
Family Financial Education: Teach children the value of money, saving, investing, and responsible spending.
-
Shared Values and Goals: Encourage open discussions about family values, philanthropic interests, and long-term visions.
-
Document and Communicate Plans: Maintain clear records and communicate your plans with family members to avoid misunderstandings.
