04 Aug How To Create Generational Wealth Through Business
In this episode, we have a legend in Scottsdale Arizona, Sharon Lechter of Pay Your Family First. Sharon is the co-author of the bestselling book Rich Dad, Poor Dad and now we’ll discuss how to create generational wealth through business.
How To Create Generational Wealth Through Business | Video Replay
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How To Create Generational Wealth Through Business
Sharon Lechter
Sharon Lechter, is an entrepreneur, author, philanthropist, international speaker, Chartered Global Management Accountant, and a dedicated mother and grandmother. With a 35-year career as a licensed CPA, she is a lifelong advocate for education and the founder and CEO of Pay Your Family First, a financial education organization. A global expert on financial literacy, she has served as a national spokeswoman and Presidential Advisor. Sharon’s significant appointments include being the Founding Chancellor of JA University of Success, Arizona Chairman for the 2020 Women on Boards initiative, and Chairman of the K-12 Committee for the Arizona Financial Literacy Task Force. She serves on the Advisory Board for Southwest Heritage Bank. Sharon’s innovative efforts in education include developing technologies and products to make learning engaging and fun, co-authoring the bestseller “Rich Dad Poor Dad,” and leading the Rich Dad Company to international success. She has collaborated with the Napoleon Hill Foundation on bestselling books and contributed to numerous educational programs. Sharon’s contributions to financial literacy and entrepreneurship have been globally recognized, earning her numerous awards and honors. She has also founded the Play Big Movement, inspiring others to reach their full potential. As a committed philanthropist, Sharon has served on various national boards and has been instrumental in passing legislation to promote financial literacy. Her accolades include recognition from Childhelp, the Crohn’s & Colitis Foundation of America, and the National Financial Educators Council, among others. Sharon continues to impact the world through her dedication to financial education and empowerment.
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How To Create Generational Wealth Through Business | Takeaways
1. Establish the proper legal foundations for your business, such as the right business entity, contracts, and intellectual property protection, to build a strong, scalable business.
2. Focus on creating passive income streams through real estate investing and other assets to build generational wealth, rather than relying solely on active income.
3. Develop a mindset of abundance and financial literacy, replacing scarcity thinking with an understanding of how money works.
4. Surround yourself with the right people and mentors who can help you expand your vision and achieve your goals.
5. Take consistent action and don’t be afraid to pivot or try new things – the market will often guide you to the right opportunities.
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About Steve Trang
Steve Trang’s mission is to create 100 Millionaires. Why 100 Millionaires? Steve saw that assisting someone become a millionaire by building their business is a key measurable to helping them fulfill their dreams. People change and update their visions over time, but having the means to achieve them remains a necessity. Thus, creating millionaires means helping people live their dreams.
To further this mission, Steve started the Real Estate Disruptors podcast in 2018 to inspire wholesalers and real estate agents to double their incomes by adding a second leg to their business — working together on investment properties. The podcast has grown to over 100,000 downloads per month and over 3 million YouTube views, with new guests sharing their success stories and imparting advice every week.
As a sales coach, Steve has helped thousands of clients generate millions in sales over the past few years in a variety of industries. His Disruptors Selling System teaches salespeople to ethically work with customers to discover their true needs, and then craft a solution that works for the customer.
One of Steve’s favorite quotes is from the great Zig Ziglar: “You can have everything in life you want if you will just help enough other people get what they want.” He heard this quote when he first got into real estate, and it has stuck with him throughout his entire career. In fact, it’s one of the core values Steve lives by.
Steve is also a successful businessman. On top of owning single-family rentals, he also owns apartments, co-founded a bank, and is a part-owner of several other businesses.
How To Create Generational Wealth Through Business
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