Did you know it is estimated that 70% of wealthy families will lose their wealth by the second generation and 90% will lose it by the third?
(Ref.: David Kleinhandler, Nasdaq.com)
For 25 years as an Attorney Kaye Williams observed life stories and gained insights on building generational wealth. Kaye is an Attorney, a Commonwealth Fellow, and a proud Mum of three. She has helped business owners and professionals find joy in their wealth today and view personal planning as a part of a success mindset. Kaye lays out the critical element in her Amazon best-selling book “7 Legacy Steps to Building Generational Wealth”.
Kaye is on a mission to demystify and provides simple, practical personal development steps that anyone can take to start the generational wealth-building journey today.
Kaye is inspired by her Mother, to whom her book is dedicated. Her Mum was born in the 1930s grew up in the 1940s and ’50s. Given the economics of the time, 1940’s, her formal schooling ended at age 11 or primary school. In the 1950s as a young adult, she was caught in a hurricane, holding her toddler niece. Running across the churchyard as a shortcut as she struggled to make it home, and was fortunately blown into the fork of a tree where she was rescued and sheltered at the local church. She called it her second chance at life and grabbed every opportunity with both hands. Her formal schooling ended early, but she didn’t stop there. Life didn’t hand it to her so she went after it. She was entrepreneurial, learning how to sew, and using the income from sewing to self-educate.
Kaye’s Mum had sensible and highly effective money management skills few could ever match; yet was able to leave a legacy of love, value systems, and commitment to excellence. Her powerful story is shared during this intriguing interview.
Starting from a typist pool, she self-educated in her career with Government until, up to her retirement, she had all the qualifications to retire as a senior secretary to a Permanent Secretary in the Ministry of Trade. But her biggest skill was her natural financial savvy. At the time as a young child, Kaye didn’t realize that she had a front-row seat to her mother’s ability to save, invest grow, and yes, enjoy her money. She had a comfortable retirement. A generous, giving person, Kaye’s Mum still enjoyed the fruits of her labor and traveled widely – London, toured Europe, Middle East, the USA, and several cruises.
That was indeed a rich inheritance.
More information about Kaye here:
LinkedIn: Kaye A. Williams