This article is adapted from Perpetual Wealth: How to Use “Family Financing” to Build Prosperity and Leave a Legacy for Generations. This new book from Kim D. H. Butler and Kate Phillips is available for a limited time as a download—on us! Scroll down to find out more and sign up for your copy… or download it right now!
Saving Saves Families
One of Kim’s sayings is, “Saving saves families.” Both saving (as a verb) and the resulting savings (noun) makes a world of difference.
With savings, people can handle emergencies and build up additional capital to invest with. With savings, people can get the education, training or mentorship they need to pursue a fulfilling career. They can purchase a home and not be at the mercy of a rental market. They can start a business and employ others. And they can afford the things that are important to them.
Without savings, people struggle and families are sometimes even torn apart. Financial stress and a lack of savings can threaten families and lasting wealth in multiple ways:
Read More