KAG Pathways: Family Life – Role Model
Positive family life can provide a sense of belonging, emotional support, and stability. Family members can share in each other’s successes and challenges, provide guidance and advice, and offer a sense of unconditional love.
Role Model: Male role models can have a significant impact on the development and well-being of children within the family. A male role model can be a father, grandfather, uncle, or any male figure who plays a positive and supportive role in a child’s life. They can help children develop a healthy sense of masculinity. This includes promoting positive values such as emotional intelligence, empathy, and the ability to express emotions in a healthy way. Male role models do not have to conform to traditional gender expectations in order to be positive influences. What matters most is their ability to provide love, support, and positive guidance to the children in their lives.
KAG Pathways: Family Life – Wealth Creation
Wealth Creation: Wealth creation for the family can be achieved through various means, including investment, entrepreneurship, and education. The goal of wealth creation is to secure financial stability and security for the family, both in the short and long term. One way to create wealth is through investment in assets such as stocks, real estate, mutual funds, and insurance. This requires a solid understanding of the market and the risks involved. It is important to seek professional advice when making investment decisions.
Dividends Diversified- Pillars Of Wealth Creation
KAG Pathways: Family Life – Wealth Preservation
Wealth Preservation: Wealth preservation refers to the act of protecting and safeguarding accumulated wealth and assets over time. This can be done through various means, including diversification of assets, risk management, and estate planning. Risk management includes insurance coverage for property damage, liability, and life insurance. It can also involve creating a contingency fund for unexpected expenses or emergencies. Estate planning is also essential for wealth preservation. This involves creating a plan for the distribution of assets after death, minimizing taxes, and protecting assets from potential creditors or legal disputes. Estate planning can also include setting up trusts, creating a will, and appointing a power of attorney.
Forbes.com- Preserving Wealth
Book by James Hughes- Family Wealth: Keeping It in the Family
LegalZoom- Asset Protection