Wisdom along with an inheritance is good. For wisdom is protection just as money is protection. That’s Ecclesiastes 7 — telling us that leaving wealth for the next generation is good indeed— but passing on wisdom … is even better. It’s a subject most estate planners never talk about— how to transfer wisdom to your heirs— not just money. Our host Rob West discusses this with Jeff Rogers— author of Create a Thriving Family Legacy—How to Share your Wisdom and Wealth with your Children and Grandchildren. Jeff Rogers is also founder and chairman of Stewardship Legacy Coaching with over 35 years experience helping families build lasting legacies for God’s Kingdom.
Rob discussed these questions and topics with Jeff:
- MoneyWise talks about teaching kids how to handle money but Jeff has taken that concept to a whole new level, something that can ripple down through generations. It starts with our personal legacy. How do we build that?
- Is it important for you to understand what money was like growing up and if so, why?
- Now we move to the area of Family Legacy. What are some of the steps?
- Business is another area where Christians can build an enduring legacy of stewardship. What do Christian business leaders need to do?
- Ultimately, we’re all working toward building a kingdom legacy. What does that look like?
- You wrote the book “Create a Thriving Family Legacy—How to Share your Wisdom and Wealth with your Children and Grandchildren” to help people build a thriving family legacy in the context of their family. Where can readers get a copy of it?
Next, Rob and Steve answer these questions at 800-525-7000 or via email at Questions@MoneyWiseLive.org:
- If you just had an incident that has required you to replace your car but you wish to avoid doing the same thing again in 2 years, how do you go about buying a car on a modest budget that won't require replacement in a short period of time?
- If you're in your early 30s and have enough funds to pay off your remaining $45,000 mortage at the end of the year, should you do that or use the money for retirement investments?
- If you have your known expenses budgeted and have an emergency fund as well but you continue to experience unexpected expenses, should you keep paying for these out of the emergency fund?
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