How Gay GenXers Can Fund Generational Wealth | Queer Money Ep. 556

Queer Money®: How Gay People Do Money

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2M ago 23:40

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Would you like to have benefited from recieveing generational wealth from within the LGBTQ+ community?

In this episode of the Queer Money podcast, hosts and married Financial Power Couple David and John dive into a crucial conversation about generational wealth within the LGBTQ+ community, noting that for many LGBTQ+ people, traditional family paths to wealth, mentorship, and inheritance simply aren’t there, and that it’s time to break the cycle. David and John outline five impactful ways in which you can foster wealth for future queer generations, even if you’re not a millionaire yourself. They go over everything from establishing scholarships and grants for LGBTQ+ students, creating family or community trusts, offering low-interest loans or microfinancing for LGBTQ+ entrepreneurs, and investing in LGBTQ+ startups or small businesses.

Topics covered:

00:00 Introduction: The Challenge of Generational Wealth in the LGBTQ+ Community
01:12 The Impact of HIV/AIDS on Wealth Transfer
03:11 The Importance of Creating a Wealth Transfer System
05:59 1. Building Wealth Through Scholarships and Grants
09:15 2. Establishing Family or Community Trusts
12:45 3. Offering Low-interest Loans and Microfinancing
14:25 4. Investing in LGBTQ+ Startups and Small Businesses
17:39 5. Supporting LGBTQ+ Real Estate Co-ops
20:19 Understanding Different Financial Support Options
21:59 Recap and Final Thoughts
22:46 Outro and Upcoming Episodes

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