How To Create Generational Wealth Through Business
Description
In this episode, we have a legend in Scottsdale Arizona, Sharon Lechter of Pay Your Family First. Sharon is the co-author of the bestselling book Rich Dad, Poor Dad and now we’ll discuss how to create generational wealth through business.
How To Create Generational Wealth Through Business | Video Replay
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How To Create Generational Wealth Through Business
Sharon Lechter
Sharon Lechter, is an entrepreneur, author, philanthropist, international speaker, Chartered Global Management Accountant, and a dedicated mother and grandmother. With a 35-year career as a licensed CPA, she is a lifelong advocate for education and the founder and CEO of Pay Your Family First, a financial education organization. A global expert on financial literacy, she has served as a national spokeswoman and Presidential Advisor. Sharon’s significant appointments include being the Founding Chancellor of JA University of Success, Arizona Chairman for the 2020 Women on Boards initiative, and Chairman of the K-12 Committee for the Arizona Financial Literacy Task Force. She serves on the Advisory Board for Southwest Heritage Bank. Sharon’s innovative efforts in education include developing technologies and products to make learning engaging and fun, co-authoring the bestseller “Rich Dad Poor Dad,” and leading the Rich Dad Company to international success. She has collaborated with the Napoleon Hill Foundation on bestselling books and contributed to numerous educational programs. Sharon’s contributions to financial literacy and entrepreneurship have been globally recognized, earning her numerous awards and honors. She has also founded the Play Big Movement, inspiring others to reach their full potential. As a committed philanthropist, Sharon has served on various national boards and has been instrumental in passing legislation to promote financial literacy. Her accolades include recognition from Childhelp, the Crohn’s & Colitis Foundation of America, and the National Financial Educators Council, among others. Sharon continues to impact the world through her dedication to financial education and empowerment.
Pay Your Family First
www.sharonlechter.com
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How To Create Generational Wealth Through Business | Takeaways
1. Establish the proper legal foundations for your business, such as the right business entity, contracts, and intellectual property protection, to build a strong, scalable business.
2. Focus on creating passive income streams through real estate investing and other assets to build generational wealth, rather than relying solely on active income.
3. Develop a mindset of abundance and financial literacy, replacing scarcity thinking with an understanding of how money works.
4. Surround yourself with the right people and mentors who can help you expand your vision and achieve your goals.
5. Take consistent action and don’t be afraid to pivot or try new things – the market will often guide you to the right opportunities.
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