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AuthorHouse UK - Mary Ayisi Boadu

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47 pages

English

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Description

Through the habits of avoiding debt, saving money, investing in financial and physical assets, anyone can build generational wealth. Mary offers a 1-2-1 financial coaching where she discusses the fundamentals of wealth building and Generational Wealth, Debt, Budgeting, Savings, Land Banking, Real Estates, ETFs, Index Funds, Mutual Funds, Stocks and Shares, Pensions, Life Insurance, Businesses and Side Hustles. With budgeting, she digs deeper into her client’s income and expenditure statement to establish whether their financial situation is an income issue or an expenditure issue and how they can improve their income and hence increase their investments.
You can contact Mary through her website:
www.maryayisi.com
You can also access my online courses here:
https://debttowealth.thinkific.com/courses/build-generational-wealth

Sujets

Vie de famille

Relations familiales

Wealth Management

Economie gestion

Wealth

Economics

Business

Finance

Informations

Publié par	AuthorHouse UK
Date de parution	01 décembre 2022
Nombre de lectures	0
EAN13	9781728376929
Langue	English

Informations légales : prix de location à la page 0,0250€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

Extrait

BUILDING GENERATIONAL WEALTH
For Your Children’s Children
MARY AYISI BOADU

AuthorHouse™ UK
1663 Liberty Drive
Bloomington, IN 47403 USA
www.authorhouse.co.uk
Phone: UK TFN: 0800 0148641 (Toll Free inside the UK) UK Local: (02) 0369 56322 (+44 20 3695 6322 from outside the UK)

© 2022 Mary Ayisi Boadu. All rights reserved.

No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author.

Published by AuthorHouse 11/30/2022

ISBN: 978-1-7283-7934-0 (sc)
ISBN: 978-1-7283-7692-9 (e)

Any people depicted in stock imagery provided by Getty Images are models, and such images are being used for illustrative purposes only.
Certain stock imagery © Getty Images.

Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

Scripture quotations are from the Holy Bible, King James Version (Authorized Version). First published in 1611. Quoted from the KJV Classic Reference Bible, Copyright © 1983 by The Zondervan Corporation.

Contents
Dedication
Acknowledgements
Preface
Foreword

Chapter 1 What Is Generational Wealth?
Chapter 2 How to Build Generational Wealth
Chapter 3 Improving Your Finances Is a Necessity
Chapter 4 Home Ownership and Investment Property
Chapter 5 Stocks and Mutual Funds
Chapter 6 Other Aspects of Personal Finance
Chapter 7 Using Credit
Chapter 8 Business Opportunities in Africa
Chapter 9 Families Who Have Created Generational Wealth

Conclusion
Resources

Dedication
This book is dedicated to my mother, Mrs Augustina Ayisi, who passed on to eternity.
If I were to look up ‘gift from God’ in the dictionary, your picture would be there. Throughout your life, you thought and planned for your generations born and unborn. Everything you did had your children’s children in mind. You used to speak of ‘generations’ when we had no clue about the meaning of that word until you passed on.
You have empowered and given us stability with so many options. Indeed, you changed our family tree, and we are grateful. I therefore dedicate this book to you.

Acknowledgements
Writing a book is not an individual project but takes an entire team. Especially on a subject such as building generational wealth, you involve your children. Therefore, I would like to give credit to my children, Nicole, Kelly-Louise, and Mikayla, for buying into my calling and understanding the message I carry to them, their children, their children’s children, and our future generations.
My mother who has been called to heaven, Mrs Augustina Ayisi, embedded the words ‘generational wealth’ into us. She gave us everything any child could ever ask for, and it did not stop there. She created businesses and taught us practical ways to build businesses. She was always thinking about her great-grand kids. I wish she was still here with us, but our Lord knows best. Her name will forever live on, and may her soul rest in peace.
All thanks also to my husband, Nick, for the support and finally understanding my calling to help people avoid debt to build generational wealth.

Preface
When we talk about wealth, we’re not talking about riches, so please do not get it wrong. What we’re talking about is financial independence. When people are in debt, they develop stress and anxiety, and these can lead to sicknesses and diseases such as high blood pressure, heart attack, depression, insomnia, constipation and other bowel issues, diabetes, and cancer. It makes you wonder why people overspend and what we spend our money on.
The cause of the overspending could be that we are too materialistic, excessively concerned about material possessions we don’t even need. Most people are consumers, not creators. We like to buy brand-new and expensive things to look rich, even though we’re not. Ignorance makes us spend unnecessarily.
Our culture promotes sexy, hot swag and anything flashy, but never true wealth building. Our men want to look trim, wearing the most expensive trainers, trying to outdo one another instead of making money and investing it.
We spend because of cheap and easy access to credit—too much available credit, such as credit cards and bank loans. We forget that it is easy to create debt but difficult to pay it off. Buy now, pay later! Then we all rush to acquire whatever they’re selling to make the companies richer but put you out of pocket.
Remember: never spend tomorrow’s income today. Doing so creates debt, not wealth. You cannot afford to inject poverty into your bloodline, blaming the devil and everyone around you for your family’s situation. Do you have an expensive spouse who likes everything they see? It’s time you had wise words together.
Overspending on groceries, everyday fast food, and liquor without budgeting will make you poor. Prioritizing beautification and looking glam without planning will lead to impulse and spontaneous purchases, causing you to buy things you will regret one day. And beware of teleshopping!
Some people buy miracle diets and weird fitness products when they could just walk, run, and eat healthy to reduce their expenditure. That goes for pets too—people spend too much on pet food, veterinarians, and even insurance when they cannot afford it.
Our YOLO mentality leads us to take too many outings. We think that since we only live once, it should be parties all the way, with new clothes every time there’s a new party to attend.
Are you a loyal customer of Starbucks, Costa, Eat, Cafe Nero, or Pret’s? Do you buy takeaway teas and coffees when you could make your own at home to take to work? To save money, or you could take along your favoured drink in powdered form and add hot water when you get to your destination.
Games, the latest technology and in-app purchases, smoking and vaping … all are big money wasters.
Get-rich-quick schemes, also known as a Ponzi or pyramid scheme, are making people waste their money, even sending some to an early grave. Or are you gambling or betting? Remember that wealth is built with consistency, and it takes time, not one day or six months. Investing in good assets requires character, patience, good behaviour, learning, humility, and understanding.
Money doesn’t care about your race or religion. It needs respect and handling with care. You can apply the wisdom of seduction to money—think carefully before you give it away. Let that money know that you want to keep it, and it will be yours forever.
Remember that fools are easily parted with their money. And as Proverbs 17:16 reminds, what good is money in the hands of a fool without the desire to seek wisdom?
There is treasure to be desired and oil in the dwelling of the wise; but a foolish man spends it up. (Proverbs 21:20, Jubilation Bible 2000)
Would you like your generations to have lots of options and freedom in life, and to be secure economically? Would you like to take worry, struggle, and wanting out of your bloodline? By avoiding debt, spending wisely, saving, investing, and building generational wealth, you can—even on a low income.
This book is about eliminating certain behaviours that keeps you poor and adopting behaviours that help you to build wealth across the generations. Wealth building is intentional and requires massive action.

Foreword
Having worked and mentored Mary for a while, I noticed her zeal for advising, helping and supporting others to make better choices in their quest to build generational wealth.
The passion she has for making sure people manage their finances is beyond understanding. Mary, as much as all financial coaches and advisors believe that budgeting, spending less, saving and investing in yourself and your family is the number one requirement for building generational wealth, the reason why I support Mary’s vision of Wealth Building.
Emmanuel Asuquo is a Financial Advisor as seen on BBC One, ITV and Channel 4 empowering people to make better financial choices in order to build generational wealth. He is the founder of The Eman Effect and has worked with Halifax Bank, Lloyds, RBS, Barclays, Natwest, HSBC, BBC, Channel 4. Emmanuel specializes in Mortgages, pensions, Life Protections and investments. He has also been featured on ITV, Daily Express, Chanel 4, MW Management, The Sun and Money Marketing. He has been invited as a guest to speak on BBC Radio on multiple occasions. He has worked on projects such as:
Channel 4 in 2019 - Save Well, Spend better
BBC Radio 2021 - Your Money and Your Life
BBC 1 Watchdog - Rip off Britain
ITV Morning Shows
Channel 4 - Secret Spenders
As your net worth consist of your Assets and Liabilites, specifically in Real estates, Investments, Pensions, Life Insurance, Belvedere Wealth Management can help you build wealth and so build generational wealth by securing all of these.
Emmanuel is the Senior Partner of Belvedere Wealth Management located at Canary Wharf in London.
https://belvederewm.com
https://emmanuelasuquo.com

Mary is a passionate professional investment banker well-established in the financial industry. In this book, she uses her industry knowledge and experience to enrich and empower the average citizen in a language that is easy to understand and relatable. This allows a bigger audience to connect with such informative, life-changing information to begin making better financial d