What gay genXers can do to fund generational wealth
What can gay genXers do to fund their generational wealth? Find out on this episode. Then download your FREE Queer Money Kickstarter, a 9-step Guide to Kickstart Your Journey to Financial Independence.
How gay genXers can fund generational wealth
On 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.
Listen to get insight on how you can fund generational wealth
Topics covered on how you can fund generational wealth
- Introduction: The Challenge of Generational Wealth in the LGBTQ+ Community
- The Impact of HIV/AIDS on Wealth Transfer
- The Importance of Creating a Wealth Transfer System
- Building Wealth Through Scholarships and Grants
- Establishing Family or Community Trusts
- Offering Low-Interest Loans and Microfinancing
- Investing in LGBTQ+ Startups and Small Businesses
- Supporting LGBTQ+ Real Estate Co-ops
- Understanding Different Financial Support Options
- Recap and Final Thoughts
- Outro and Upcoming Episodes
Resources on how you can fund generational wealth
- pointfoundation.org
- liveoutloud.org
- gammamufoundation.org
- gillfoundation.org
- arcusfoundation.org
- astraeafoundation.org
- startout.org
- nglcc.org
- backstagecapital.com
- toryburchfoundation.org
- hrc.org
- stonewallcdc.org
- careygardenscoop.co.uk
- openhousesf.org
- Queer Money Youtube Channel
- Queer Money Instagram
- Queer Money Kickstarter
- Capital One Auto Navigator
- Wealth Builder’s Pyramid
- CreditWise
Connect with David and John
- Debt Free Guys on Facebook
- Debt Free Guys on X
- Debt Free Guys on Youtube
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on Apple Podcasts
- Email [email protected]
Watch this week’s episode on how you can fund generational wealth
Previous 3 Podcast Episodes
- Powerful Queer Money Stories
- Why Business Is Harder for LGBTQ Entrepreneurs
- How Turning Your Business into a Co-Op Helps LGBTQ Workers
We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com), and the Queer Money® podcast hosts. We help queer people (and allies) live fabulously, not fabulously broke, by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.