Do you want to build a legacy, and not just a portfolio?  If so, there’s one financial tool that is CHEAP (under $10), easy to use, and will have a bigger impact on FUTURE GENERATIONS than anything else you’ve ever done.  And odds are, you’ve never even heard of it.  I’m Bryan Ellis.  I’ll tell you what it is and how to use it RIGHT NOW in Episode #225.

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Hello, SDI Nation!  Welcome to the show of record for savvy self-directed investors like you, where each day you how to find, understand and profit from exceptional investments… and turn those investments into a wonderful legacy for generations to come!

What a GREAT DAY to be alive, folks!  I’m so honored you’re spending some time with me right now, so let’s get right to it.  But a quick note to you, and I really hope you folks will take this seriously.

Have you ever been in a situation where you were just a bit short of capital for an investment, or for your business, or anything else?  If so, I want you to check out my friends Ari and Mike at Fund & Grow. They are astoundingly good at acquiring zero interest credit of fifty to $250,000 that you can use at your discretion!  I really vouch for what they can do… it’s really amazing, and I’ve seen it work over and over with my own clients, many of whom are your fellow listeners!  To see how & why it works, just check out the short video we’ve posted at SDIRadio.com/credit.  You’ll be very glad you did.

My friends, I know that many of you, like me, think in terms not only of building for your own retirement and other financial wellbeing, but also of building financial assets that will benefit future generations.  And you know, that’s a WISE thing to do.  In fact, right there in the middle of the greatest book of wisdom ever written, the Biblical book of Proverbs, is a verse that says that one thing that wise people do is to leave an inheritance for their children’s children… their grandchildren!  That means that wise people operate with an eye on making an enduring impact on at least 3 distinct generations:  Their own, their children’s generation, and their grandchildren’s generation.

If you agree with that thinking, as I do… then ask yourself:  How would it impact your decisions today, if your time frame was not merely from now until retirement, or now until the end of your life… but at least now until the end of your GRANDCHILDREN’S lives?  Wow… that’s a huge, humbling and EXCITING thought, really… because time well used is the best friend of the wise investor.

Now look, I’m no expert in Hebrew, the original language of that verse in Proverbs, but in the English translation of it I’m reading, there’s no indication that the inheritance that a wise person leaves to their children’s children is or should be limited to a FINANCIAL inheritance.

What other kind of inheritance is there, you might wonder?  Well I’m glad you asked, my friends!  Hehehe

What’s easily more valuable than any money you could leave is the benefit of your EXPERIENCE.  Don’t just leave money or assets… leave an awareness of what those assets are… why you chose them… what alternatives you considered and rejected… what factors about that asset gave you PAUSE, even though you opted to acquire it… what standards you adopted to know how long you should hold the asset… what kind of tax or legal structuring you used for the asset… what you planned to do with the cash flow generated by the asset… how the asset compares to other investments you’ve made in the past.

There’s GOLD in that kind of information, my friends… PURE GOLD.

Imagine if your parents or grandparents had passed on to you a journal… or many journals… that logged their thoughts about the kinds of decisions they made with their money?  There would be SO MUCH TO LEARN… even if your forebears were NOT financially successful… still, how valuable would it be to see the formation of the decisions that led them where they ended up?  Because it was THOSE decisions that affected YOU… and those decisions reverberate to your children, your grandchildren, great-grandchildren and beyond!

I feel a real passion rising up in me for this notion… the notion of financial journaling…. But it’s not really just a financial thing… it’s more like LEGACY journaling… documenting the legacy that I want to leave and that you want to leave.

And all it takes is to go down to the local office supply store and spend $10 on a journal.  I guess you could do it electronically, and there’d be value to that too, I suppose.  But there’s something special, I think, about handwriting.

Can you imagine what it would be like to have the accumulated wisdom of multiple generations of your family to call upon?  Something to pass from one generation to the next… something that makes your family uniquely YOUR FAMILY among all of the families in the world?  Folks, nothing is more indicative of who you are, and who your family is, then how you spend your money.  Where your treasure is… what you use your money for… THAT is where your heart is.  THAT is what’s important to you…

This is important stuff, folks!  And not just for investments.  For all things financial.  What if there was a history you could look back on to see when your parents considered whether to buy a home or a car or an insurance policy or even take a big vacation… how valuable would it be to know what, exactly they considered?  IMMENSELY valuable… because you’d have the benefit of hindsight, and the ability to objectively evaluate whether their decision turned out well or not.

That kind of experience is PURE GOLD, my friends… absolutely priceless.  Absolutely priceless.

And what about your financial RELATIONSHIPS?  Passing on knowledge of great advisors, great bankers, great attorneys, great accountants… that kind of information… those kinds of shortcuts have value of indescribable measure.

This is a practical issue, too, for those of you who are interested in building not just a portfolio, but a legacy.  That’s because, unless you restrict your investments to the most plain-jane of assets, such as stocks or mutual funds, then there will be assets in your portfolio that may be unfamiliar to your children or grandchildren such that they don’t really know how to handle them.  But by WRITING DOWN what you bought, why you bought it, and how to know when it’s time to sell, you’ll be making the job EASY for them!

There’s ABSOLUTE GOLD in that kind of information… and without it, that brilliant and very successful real estate deal you get into TODAY will likely be the one that your future beneficiaries will liquidate far below real value… not because they’re vindictive or foolish or anything other than that they simply don’t understand.

So, that’s it, my friends… start a financial journal today.  Go to an office supply store, spend 10 bucks on a journal, and use it!  Maybe call it a legacy journal… and write down the important decisions you make and why you make them.  Then pass that information on, and teach your family to revere it as worth far more than money, because it is.

Hey, that’s all for today except for one question I have for you:  Did you find today’s show helpful?  If you DID, and if you’d enjoy more shows like this, then PLEASE do this:

Tell a friend about SDI Radio, ok?  That’s the best way for us to grow.  Just tell them to stop by SDIRadio.com!  And be sure to leave your comments and questions over at today’s show notes page at SDIRadio.com/225…. I’d love to hear from you!

And hey… if there’s anything you’d like to hear more about, drop me a line at [email protected]. 

My friends… invest wisely today, and live well forever!

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