Optimizing your wealth means planning to protect the pot at the end of the rainbow. Creating a family mission statement can help your children avoid becoming disconnected from the purpose, why, and work you’ve put into building a legacy. Estate planning is vital to protecting the legacy you’ve created for your family, and helping your kids understand its importance is crucial for stewarding the keys to the kingdom and generational wealth. In this episode, you will hear: How to protect your pot at the end of the rainbow and why it’s your responsibility The investing rule of 72 and how that applies to your estate planning Why your children need to know how to manage and steward the keys to the kingdom and generational wealth How kids become disconnected from the purpose, why, and work within two generations, and the need for a mission statement for your family Recognize the greatness inside of your family members Identify what may be blindspots within your family Consider using DISC to identify their strengths and weaknesses Write or record your hopes, desires, and goals for your family so that they can read, hear, or see them after you’re gone Put a durable power of attorney into place Enact a healthcare directive Have a will in place, an inventory of your possessions, and a guardian for minor children Establish a testamentary trust upon death What revocable and irrevocable trusts are, and why you need an attorney to assist with this Subscribe and Review Please share this podcast with your friends and family. Our beliefs really do drive our behavior and you are born for more. Have you subscribed to my podcast? If the answer is no, I’d love for you to subscribe. Live Life Rich is full of stories of business, some behind the scenes, and freaking amazing guests. If you’re feeling really generous, I’d love for you to give me a review over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps me out a ton! Supporting Resources: https://marissanehlsen.com  Facebook: https://www.facebook.com/marissa.nehlsen Instagram: https://www.instagram.com/marissanehlsen/ Standard of Living Budget Worksheet: https://marissanehlsen.com/standard/ Bulletproof Your Business: https://marissanehlsen.com/bulletproofyourbusiness/ Get my “15 Ways to Create Cash in Your Business” download: https://15stepstofreedom.com Join the Live Life Rich Community Facebook group: https://www.facebook.com/groups/liveliferich/ *** Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know I sent you.