I Got Cents Podcast

32. The Challenges of Creating Generational Wealth


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The steps towards creating wealth are as simple as 1-2-3…on paper. Buy a home, buy life insurance (just in case), start investing in your company’s 401K retirement plan or an IRA in your 20’s, start your own business (via entrepreneurship), accumulate rental properties and hire smart people to do your estate planning to pass your fortune on to your children paying as little taxes as possible… and of course invest your money whether it be crypto or stocks. Then, financial literacy initiatives like the IGotCents platform shares the knowledge to make it all make sense as you follow the wealth creation blueprint.

So, if we have the blueprint, instructions and tools to build wealth, why aren’t we seeing much wealth creation within the culture beyond athletes and celebrities? Is it still the system holding us down? Are we holding ourselves back? Or is our wealth creation as a culture progressing along at a reasonable pace? Let's talk some shop! Tune in and #getyousomecents 🪙!

Become a patron to support our podcast and receive access to Chyon’s stock selections, real estate investments, weekly financial articles, financial educational videos and more entrepreneurship and investment related video content (click here to get started): https://www.patreon.com/igotcentspodcast

Join Robinhood with either one of our links and we'll both pick our own free stock:

https://join.robinhood.com/andrec108

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For weekly motivation, challenges and video content tips follow Dre on instagram: instagram.com/drekealii

For more daily cents, follow the man, the myth, the legend, DJ Dividends aka Chyon Simmons on TikTok: https://www.tiktok.com/@igotcents

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I Got Cents PodcastBy Chyon & Andre

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