4 Golden Rules for Building Generational Wealth | Whitney Elkins-Hutten

The InvestHER Podcast

EPISODE 480: Many people talk about building wealth, but they forget the most important part of the process: How to keep the wealth, and most importantly, how to pass it on to the next generation. If this is something you’ve been thinking about lately, then you’re in luck, because this is exactly what we discuss in this week’s episode of The Real Estate InvestHER Show with our brilliant guest, Whitney Elkins-Hutten. Whitney is a real estate expert, the director of investor education at PassiveInvesting.com, the founder of Ash Wealth, and the author of Money for Tomorrow. In this episode, Whitney will be discussing the complexities of not only accumulating wealth but also maintaining it and growing it for future generations. Together, we’ll be going over the four cardinal rules of wealth: creation, preservation, augmentation, and legacy. Ready to change the way you handle your wealth? Then tune in now! Key Takeaways: Introduction (00:00) What is your wealth objective? (00:42) How to keep wealth (05:49) How to leverage interest rate (11:53) The mistakes you need to avoid (16:20) How to ensure generational wealth (23:35) Additional Resources: ✨ One bonus "wealthy habit" is strong financial management. I wish I had strong financial management when we were first scaling our multiple properties. I wish I had Relay. Relay is not your traditional "brick and mortar" bank. With Relay, you can open a business bank account for your property 100% online from anywhere. Create up to 20 accounts to organize money by property or by categories, like expenses, taxes, or investments. Own multiple businesses? Relay lets you open UNLIMITED accounts and access them all from ONE centralized login. No monthly fees or minimums and it takes just 10 minutes to sign up. Head to https://lets.bankwithrelay.com/investher/ for more! -- ✨ Connect with Whitney Learn more about Whitney’s work: https://www.passiveinvesting.com/welcome-whitney/ Learn more about Ash Wealth: https://ashwealth.com/ -- ⚡ Join the InvestHER Movement Join our FREE Facebook group for women in real estate: https://www.therealestateinvesther.com/facebook-community-group Join the InvestHER Community: https://www.facebook.com/groups/therealestateinvesther/ Apply for your STRIVE Membership here: https://www.therealestateinvesther.com/membership Join our InvestHER Meetups: https://www.therealestateinvesther.com/meetups Schedule a discovery call with us: https://mentorship.therealestateinvesther.com/ -- The Real Estate InvestHER Show is a podcast by women for women all over the world who want to learn how to invest in real estate, grow their portfolio, and develop the mindset that allows them to run successful businesses while taking care of their families and – most importantly – taking care of themselves. Follow us for more!