The Prosperity Blog

Inheritance and Entitlement: Helping Children Prosper

Inheritance and Entitlement: Helping Children Prosper

Every parent’s fear is that their child will never quite grow up. This could look like an adult child that remains reliant on parents and never becomes self-sufficient. Add assets to the mix and it can be a recipe for a trust fund baby. Even for parents who intend to leave extremely modest sums to heirs, inheritance entitlement can be real.

If you are earning, saving and investing to build wealth and you wish to leave something to heirs, do not ignore potential pitfalls. Passing on wealth successfully and productively to future generations can have itschallenges.

To be clear, GIVING wealth with the right tools and vehicles (wills, trusts, life insurance, etc.) is easy! It is the adult child’s ability to KEEP the wealth that is the challenge. Hence the expression:

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The Path to Wealth: 7 Steps to Success in Business and Life

“Gratitude is not just for Thanksgiving.”
– May McCarthy

Kate Phillips, our friend from Total Wealth Coaching who co-authored Financial Planning Has Failed (with P4P’s Kim Butler) was buzzing about a workshop she attended with May McCarthy, author of The Path to Wealth. We loved hearing about McCarthy’s gratitude-based success system and asked Kate to share with our readers.

A self-made multimillionaire entrepreneur, May McCarthy credits her success to her daily spiritual practice based on giving gratitude and following her intuition. She says the seven simple daily steps she developed and now teaches others can improve health, transform relationships, and help you accomplish your biggest business goals. If that sounds like a big claim, well, McCarthy is a woman with big results.

May McCarthy has co-founded six profitable companies in industries as diverse as telecommunications, fashion, and healthcare, with the largest growing to $100 million in

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Prospering in the Post-Election World

Prospering in the Post-Election World

Who will be in the White House in 2021? At this writing, the definitive answer is uncertain! However, we can be certain of our own success using the fundamental principles that would apply in ANY circumstance.

Yes, some things change if there is a “changing of the guard.” Taxes may be raised or lowered. Regulations and incentives might shift. But the game of success usually doesn’t change as much as we think it might. (And with Republicans gaining ground in the house and likely maintaining control of the senate, a Biden-Harris win might NOT mean sweeping changes.) 

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Busting the Real Estate Investing Lies Book

“Don’t put your money into something that doesn’t give you something in return.”
—Kim Butler and Jimmy Vreeland, Busting the Real Estate Investing Lies

Surprising Secrets to Real Estate Success!

P4P-Busting-the-real-estate-investing-liesIf you’re not investing in real estate, you’re probably slowing your journey to financial independence. Over the last two centuries, around 90 percent of the world’s millionaires have been created by investing in real estate, according to the TheCollegeInvestor.com. David Greene, a Forbes contributor and host of the Bigger Pockets podcast, contends that real estate builds wealth more consistently than any other asset class.

Appreciation, depreciation, leverage and inflation—they all work to the real estate investor’s advantage! Yet unfortunately, real estate investing lies sabotage the success of many — or keep them out of the game altogether!

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Personal Finance: Sharing the Best of the Web!

Personal Finance: Sharing the Best of the Web!

We are committed to educating you about personal finance with this blog and also the Prosperity Podcast. And today, we are bringing you the best of the web—articles we love from other blogs and publications!

We’re sharing resources on educating your children about money, how to grow your cash in a low-interest environment, and a view on hedge fund manager Bill Ackman’s suggestion for the government to “invest” for Americans.

We trust you will enjoy these resources as much as we did!

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