10 Wealth for Life Principles

A Social, Economic and Investing Guide to Creating Black Wealth 

1. I will live within my means.
2. I will maximize my income potential through education and training.
3. I will effectively manage my budget, credit, debt, and tax obligations.
4. I will save at least 10% of my income.
5. I will use homeownership as a foundation for building wealth.
6. I will devise an investment plan for my retirement needs and children’s education.
7. I will ensure that my entire family adheres to sensible money management principles.
8. I will support the creation and growth of minority-owned businesses.
9. I will guarantee my wealth is passed onto future generations through proper insurance and estate planning.
10. I will strengthen my community through philanthropy.

How much you save is the most important factor in building the kind of retirement fund you’ll need to maintain your lifestyle after work. Use this calculator to quickly determine your “retirement outlook”—and how much more you may need to save to improve it.   

Retire Outlook Estimator

If you could earn stock market based returns without risk and 100% tax free in an IRS approved retirement account, would you be interested? What if this account earned interest based on market performance in the good years, but guaranteed you would never lose any money in the bad years?

​Contact MKG Insurance Agency for a free financial needs analysis Toll-Free 866-675-3933 SMS Text (559) 588-7340

Financial Needs Analysis Proposal

Website: https://mkginsuranceagency.com/financial-education/