Sign up to save your podcasts
Or
Share How to Keep Your Family’s Money for Life w/ Melissa Hoyer! 🚀
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
How to Keep Your Family’s Money for Life w/ Melissa Hoyer! 🚀
📌 Summary
In this episode, Melissa Hoyer, a financial planner and wealth coach at The Wealth Conservancy, discusses the challenges of inherited wealth and how to successfully manage and sustain generational wealth. She explains how many inheritors feel overwhelmed, the different stages of inherited wealth, and how financial coaching helps heirs transition from uncertainty to confidence. The conversation also explores estate planning, avoiding family disputes over money, and teaching financial responsibility to future generations.
📍 Key Takeaways✅ Stages of Inherited Wealth – Many heirs experience denial, confusion, and overwhelm before taking control of their finances. ✅ Wealth Can Disappear in 3 Generations – Without proper planning, wealth is often squandered, as reflected in the saying, "Shirt sleeves to shirt sleeves in three generations." ✅ Estate Planning is Essential – Having a clear plan and transparent communication prevents family disputes and ensures a smooth wealth transfer. ✅ Teach Kids Financial Responsibility Early – Introducing money management skills and fostering a strong work ethic helps children appreciate wealth. ✅ Time is the Ultimate Wealth – True wealth isn’t just money; it’s about time, relationships, and life experiences.
🎙️ Why Should You Listen?🔹 Learn how to prepare your heirs for wealth and avoid financial mismanagement. 🔹 Understand the common pitfalls of inherited wealth and how to navigate them. 🔹 Get expert insights on estate planning, wealth coaching, and financial literacy for kids. 🔹 Hear personal stories and practical tips on building a lasting financial legacy.
⏳ Time Stamps (31:22 Episode Length)📌 [00:00 – 03:00] Introduction & Melissa Hoyer’s background in financial coaching 📌 [03:01 – 10:00] The stages of inherited wealth & why most heirs struggle 📌 [10:01 – 16:00] The importance of wealth coaching & how to avoid squandering wealth 📌 [16:01 – 22:00] Estate planning tips – preventing family disputes over inheritance 📌 [22:01 – 27:00] Teaching financial literacy to kids & passing down more than just money 📌 [27:01 – 31:22] Final thoughts & how to build generational wealth beyond finances
#GenerationalWealth #FinancialFreedom #WealthManagement #EstatePlanning #MoneyMatters #FinancialLiteracy #WealthBuilding #LegacyPlanning #FinanceTips #SuccessMindset
View all episodes
By Derek Dombeck📌 Summary
In this episode, Melissa Hoyer, a financial planner and wealth coach at The Wealth Conservancy, discusses the challenges of inherited wealth and how to successfully manage and sustain generational wealth. She explains how many inheritors feel overwhelmed, the different stages of inherited wealth, and how financial coaching helps heirs transition from uncertainty to confidence. The conversation also explores estate planning, avoiding family disputes over money, and teaching financial responsibility to future generations.
📍 Key Takeaways✅ Stages of Inherited Wealth – Many heirs experience denial, confusion, and overwhelm before taking control of their finances. ✅ Wealth Can Disappear in 3 Generations – Without proper planning, wealth is often squandered, as reflected in the saying, "Shirt sleeves to shirt sleeves in three generations." ✅ Estate Planning is Essential – Having a clear plan and transparent communication prevents family disputes and ensures a smooth wealth transfer. ✅ Teach Kids Financial Responsibility Early – Introducing money management skills and fostering a strong work ethic helps children appreciate wealth. ✅ Time is the Ultimate Wealth – True wealth isn’t just money; it’s about time, relationships, and life experiences.
🎙️ Why Should You Listen?🔹 Learn how to prepare your heirs for wealth and avoid financial mismanagement. 🔹 Understand the common pitfalls of inherited wealth and how to navigate them. 🔹 Get expert insights on estate planning, wealth coaching, and financial literacy for kids. 🔹 Hear personal stories and practical tips on building a lasting financial legacy.
⏳ Time Stamps (31:22 Episode Length)📌 [00:00 – 03:00] Introduction & Melissa Hoyer’s background in financial coaching 📌 [03:01 – 10:00] The stages of inherited wealth & why most heirs struggle 📌 [10:01 – 16:00] The importance of wealth coaching & how to avoid squandering wealth 📌 [16:01 – 22:00] Estate planning tips – preventing family disputes over inheritance 📌 [22:01 – 27:00] Teaching financial literacy to kids & passing down more than just money 📌 [27:01 – 31:22] Final thoughts & how to build generational wealth beyond finances
#GenerationalWealth #FinancialFreedom #WealthManagement #EstatePlanning #MoneyMatters #FinancialLiteracy #WealthBuilding #LegacyPlanning #FinanceTips #SuccessMindset