FAQ

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The all depends on one's MINDSET.  What are your beliefs? Are you willing to listen? Better still, are you willing to act? It is your choice. 

Generational wealth includes the stories of our ancestors and the traditions of our families.  It is also all the assets—things like investments, real estate, cash, and anything else that has value—that are passed down from one generation  of a family to the next.  

Generational wealth is the accumulation of financial assets and valuable  non-financial assets that are passed down from one generation to the  next, providing a financial head start to the inheritors. It can include  money, investments, real estate, and family businesses, as well as  intangible assets like financial knowledge and values. The goal is to  build a cycle of wealth that grows over time, but it requires both asset  transfer and financial education to ensure the wealth is preserved and  not eroded.

 Your Financial Independence Number (FIN) is the amount of money saved that you'd need to retire or to be able to stop working.  Your FIN factors in expenses you'll have at retirement, any income  coming in, inflation, and the withdrawal rate of retirement savings. 

 You need to know your Financial Independence Number (F.I.N.)  to calculate how much money you need to retire comfortably,  helping you plan savings and withdrawals by dividing your annual living  expenses by a sustainable draw-down rate (like 4%) to find your total  required nest egg. It provides a clear financial target, brings focus to  saving, and helps you build a strategy for financial freedom by making  goals achievable. Why FIN is Important:

• Sets a Clear Goal: It translates your desired lifestyle into a concrete savings target, making abstract financial goals tangible.
• Guides Investment & Withdrawal: Knowing your FIN helps determine how much you can safely withdraw from investments each year without running out of money.
• Boosts Savings & Focus: With a defined number, you can better prioritize saving and make  spending choices that align with your long-term financial independence.
• Creates a Sustainable Plan: It's key for creating a withdrawal strategy, ensuring your money lasts throughout retirement.