What Would you do if you won over $500 million in the lottery? Most people would spend it all on themselves and be broke in a matter of a few short years. The data shows that most people who win the lottery are worse off after a few years. That's because most people who buy lottery tickets aren't financially responsible. A poverty mentality stays with you, even when you suddenly receive hundreds of millions of dollars. Many of my client are concerned about
#generationalwealth What can their
#money do to not only take care of themselves, but their kids and grandkids? If planned wisely, lottery winnings of this size can easily elevate your entire family for decades to come. Many of my client use a specially designed
#cashvaluelifeinsurance plan to "deposit" large sums of cash into. These
#lifeinsurance plans have a savings account component to them, which allows you to get
#taxfree growth on your money, while simultaneously creating
#taxfreewealth for your family when you pass. If you've come into a large sum of cash and need guidance, comment "money" below! I'll show you if a specially designed life insurance
#retirement plan will work for you!
#compoundinterest #beyourownbank #retirementplanning #wealthymindset #financialliteracy #avoidtaxes #safemoney