THE BLOG

Your Financial Genetic Code® is made of Inherited Financial Narratives™ and Encoded Financial Behaviors™. Learn how it shapes every money decision you make.

How financial advisers can apply the Seven-Stage Generational Wealth Model© to meet clients where they are and support lasting, multigenerational outcomes.

A stage-by-stage guide to the Seven-Stage Generational Wealth Model©, from Awareness & Acknowledgment through Financial Healing to Building Your Legacy.

Securing Tomorrow: The Generational Wealth Model When it comes to financial well-being, it can be hard to create an action plan to achieve financial well-being if you don’t know precisely what that means. When it comes down to it, financial well-being means something entirely different for everybody. Whether your current goal is to create an emergency fund or you’re looking to create a retirement plan to keep you afloat as you transition out of work, the goalpost for financial wellness can change for the rest of your life as your lifestyle changes and your needs adapt. You may think of financial literacy as the first step to financial wellness, but you can’t lump it into one linear process. Achieving financial literacy is a holistic process that can take your entire life. It would be best to have an actionable plan that meets you where you are in your journey. So, how do you create a plan that walks you through every stage of your life? The Generational Wealth Model The Generational Wealth Model empowers you to create a financial game plan that addresses your past, present, and future to help you achieve financial well-being for yourself and generational wealth for future generations. The Generational Wealth Model meets you where you are while pinpointing the other stages you need to work through to achieve financial success. The best part about this model is that it allows you to take a zoomed-out look at your current situation and see where you need to solidify your foundations to move on to the next stage. Generally, when people talk about generational wealth, they’re talking about handing down financial assets from one generation to the next so that future generations can benefit from your financial well-being. While this is a giant portion of the idea behind generational wealth, financial assets are only a part of the equation. You also want to pass down the financial knowledge you establish throughout your life so that your descendants can benefit from your financial mistakes, successes, and the education you have gained during your journey.

Dr. Joaquin Wallace applies Maslow's hierarchy of needs to money, showing how security, belonging, and purpose shape the financial choices we make.