Generational Wealth

Back in 2004, my friend and mentor told me he had just set up a ROTH IRA for his newborn granddaughter, Lucie. I was blown away by this idea! Simply because her grandfather was an astute investor, little Lucie already had her very own retirement account that would be able to grow for a Full 65 Years… TAX FREE! Her grandfather told me his plan was to contribute a minimum of $1,000 into her ROTH IRA each and every year until she reaches adulthood. Then he said he planned on turning it over to her so she can continue contributing into it and managing the account herself until she reaches retirement age. I couldn’t believe what I was hearing! I immediately knew this simple concept was ingenious and little Lucie had just hit the jackpot! I went home that day with these questions in 1. Assuming $1,000 per year is invested in Lucie’s retirement account for the next 65 years and that account grows (compounds) at an average annual rate of 9%, how much would her retirement account be worth when she turned 65? $2,998,288.47 2. How much can she expect to be able to live on each and every year after she reaches retirement age? $269,845.96 That’s when I realized that my mentor was building himself a real Legacy and creating GENERATIONAL WEALTH for his family! I couldn’t believe it! Little Lucie had REALLY hit the jackpot! BUT SO HAD I… There was no way I was going to miss the opportunity to do this very same thing for my family! This book has been written with these things in you are a parent or I want you to be able to read this book in just a few hours, be able to easily understand the concepts and walk away knowing exactly why you should do everything humanly possible to IMMEDIATELY set up a retirement account for your children and grandchildren. It will be a life-changing, Family Tree Altering Decision! By the way, the younger they are, the better! Newborns… Yahtzee!If you are a high school or college I want you to be able to read this book in just a few hours, be able to easily understand all of the concepts, and be able to explain it to your friends, family and teachers. And most importantly, I want you to be able to immediately start investing for yourself using the strategy outlined in this book.Regardless of your age or education to walk away from this book KNOWING that investing for your retirement as well as your children’s and grandchildren’s retirement is vitally important… and the sooner you do it, the better. And I also want you to walk away from this book KNOWING that you will be able to EASILY do this YOURSELF… and do it just as well or better than some professional that you would have to pay to invest your money for you. This book is a simple read. The concepts are very easy to follow and the math is nothing more than simple addition, subtraction and multiplication. Anyone with a 10th grade education should be able to read this book and understand it. All it will take is a few hours of your time. But I can assure you, the return on your time invested will be lifechanging for you, your children and your children’s children!