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Caffeine And Cash Flow with Michael Schulte

Welcome to the Saving The American Dream Podcast with Financial Advisor Michael Schulte of WestPac Wealth Partners. Are taxes, market volatility, inflation and other risks threatening your pursuit of the American Dream? If you need help planning how to tackle these financial headwinds, then this is the show for you!

With pensions disappearing, the American Dream is harder than ever to achieve. We're on our own to successfully plan for our financial futures. That's why it's so important to make wise decisions with your financial plan and as you get older those decisions become more and more critical.

New episodes bi-weekly. Visit our website for show notes, resources, more information and to contact Michael at SavingTheAmericanDreamPodcast.com. Or call 702-767-4897.

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  2. 12 Elements for Sustaining Family Wealth & Unity (Part 1)

12 Elements for Sustaining Family Wealth & Unity (Part 1)

Dec 1, 2023

The stats tell us that just 10 percent of generational wealth lasts beyond the third generation, and you can point to a variety of reasons for that to be the case. Most people that get to this point want their family to be taken care of for decades to come, but not everyone takes the necessary steps to achieve unity to within their family.

 

Here are the six elements we discuss in this episode:

  • Foster strong and effective communication and build trust between generations.
  • Develop, maintain, and regularly revisit your vision for the present and future.
  • Successful families meet regularly.
  • The four different types of capital you need for generational wealth.
  • Keep the family business separate from the business of the family.
  • Identify the roles necessary for the family to be successful.

 

Learn more: https://caffeinecashflow.com/

Get in touch with Michael-

Web: https://www.westpacwealth.com/team/michael-schulte

Email: michael.schulte@westpacwealth.com

Phone: 702-767-4897