Creating a heritage that can outlive us comes down to the values that we hold and the financial lessons we learn along the way to pass on to the next generation. Here are six ways to build a heritage that outlives you.

What are your values?

What you value is what will define your life. However, we often forget that these values are what will also live on long after we have died. A key aspect of creating a legacy is knowing what values you stand on. It will help you avoid falling for any and everything that doesn't bring you closer to achieving your legacy.

Consider what you would like to pass on

What does your heritage look like and what values will you need to bring you closer? Values are the northern star that guides us through every decision we make. Assessing your goals and what you would like your future to look like for you and the people you care about can make it easy to filter out the things that can hinder us.

Heritage can change

Heritage Day goes beyond culture. It is traditions and beliefs that makeup who we are. But like everything over time, these can change. Your legacy for a lasting heritage should be the same. Always look at what needs to be improved and what needs to be left behind to catapult you forward.

Money will form part of your heritage

Creating a financial legacy that can benefit you and your loved ones requires planning. Did you know that 30% of generational wealth is due to families having a mission statement and a plan on how to accomplish it? Setting a plan on what you would like your finances to achieve and checking if it aligns with your values makes it easier to maintain in the long run.

Financial heritages are best achieved together

Speaking about finances with your family can be something most people avoid. However, starting conversations around money and how it should be used can break bad money habits that thrive in environments where finances are not discussed. Set a plan which you would love you and your family to work towards, especially if you are a breadwinner. Be honest with yourself and your loved ones in terms of what you can afford to do and how you can best pool resources to protect your family.

Creating a lasting family legacy
Our families and communities play a significant part in how we define our heritage. Think of creating a family heritage that helps you and your loved ones to flourish in reaching financial freedom together.