Want to Grow Wealth? Warren Buffet's Unexpected Investment Advice

If you are going to take investment and estate planning advice from anyone, Warren Buffett is likely one you want to consider. At this year’s Berkshire Hathaway annual shareholder meeting, Buffett shared several pieces of financial advice but also provided insights on the importance of personal growth and estate planning when seeking to grow wealth. While many of us may feel overwhelmed by the thought of estate planning or building our wealth, Buffett's advice reminds us of two key but simple steps we can take to create financial and generational wealth.

Financial Planning, Estate PlanningErica EndykeMay 22, 2023financialplanning, wealthplanning, wealth, legacyplanning, warrenbuffet, investment, investmentadvice, estateplanning, estateplan, financial life, legacy

Will The Coming Wealth Transfer Be A Blessing Or A Curse For Your Family?

Whether it’s called “The Great Wealth Transfer,” “The Silver Tsunami,” or some other catchy-sounding name, it’s a fact that a tremendous amount of wealth will pass from Baby Boomers to younger generations in the next few decades. In fact, it’s said to be the largest transfer of intergenerational wealth in history.

Because no one knows how long aging Boomers will live or how much money they’ll spend before they pass on, it’s impossible to accurately predict how much wealth will be transferred. However, studies suggest it’s somewhere between $30 and $90 trillion. Yes, that’s “trillion” with a “t.”

Estate PlanningErica EndykeDecember 13, 2022estateplan, estateplanning, wealthplanning, family wealth planning, life and legacy planning, life and legacy plan, family wealth inventory, inheritance, assets management, wealth transfer, comprehensive estate plan, retirement planning, estate planning lawyers, family wealth planning session