How Much Liability Insurance Does A 21 Year Old Need Book Summary: The Brower Quadrant – Live Life Deliberately – Written by Lee Brower

You are searching about How Much Liability Insurance Does A 21 Year Old Need, today we will share with you article about How Much Liability Insurance Does A 21 Year Old Need was compiled and edited by our team from many sources on the internet. Hope this article on the topic How Much Liability Insurance Does A 21 Year Old Need is useful to you.

Book Summary: The Brower Quadrant – Live Life Deliberately – Written by Lee Brower

Have you ever thought about generational transfer of wealth, tax liability and contribution? The statistics of generational wealth hitting the 3rd generation are dismal. Basically, the first generation is kicking ass and creating something awesome. The second generation leverages the knowledge and experience and expands the business because they grew up seeing the work ethic and ingenuity exercised by the first generation. Now comes the third generation who are basically handed over the keys without doing the work and the company dies. It is the fault of the second generation teachings and the third generation entitlement mentality.

Why is this important to me?

If you have a business and are building your net worth and want to pass it on, this is critically important to you. Do you know that 90% of lottery winners are broke in 5 years and end up worse off than when they started? It’s even worse for ex-athletes. Athletes are good at what they do and they just think they’re good at business because they have money. Just like athletics, building wealth is a science that takes hard, smart work and dedication.

Anyone who says they’ll go into business and be successful without the hard work is no different than me saying I’ll start for the Dallas Cowboys next year. Both are very unrealistic, but most people don’t see it that way for business. Education is essential along with hard/smart work.

The Brower quadrant is divided into three key parts. To save time, I’ll define what the quadrant is and then touch on how to start living it.

1. What is the Brower Quadrant? The Brower quadrant consists of four components. The first component is the “CORE”. These are your special talents and what motivates you as a person. If you are a musician, an athlete, artists or a businessman, the core is what defines you. The “EXPERIENCE” quadrant represents all of the experiences that define you and your family. This is important and needs to be captured and shaped into a story. Example: My grandfather came to this country alone at the age of 9 on a boat crossing the Atlantic Ocean. Put that into perspective, because most 9-year-olds today aren’t even allowed out after 5 a.m. in a good neighborhood. Unfortunately, I was too young when he died and couldn’t grasp the full story to share. The experiences that shape your personality and your heart should be captured and shared. They may seem trivial to you but are important because they define what you do and how you do it.

The “CONTRIBUTION” quadrant is next. This is where you instill an attitude of gratitude and open your heart. I realize this is esoteric but I can’t tell you how many books I’ve read that say the same thing. Basically, it’s Emerson’s Law of Compensation – If you want more, give more.

The “FINANCIAL QUADRANT” is the money and wealth preservation quadrant. Most estate planners will simply show you how to minimize your tax liability and ask you how you want to distribute the assets once you’ve taken a nap. Lee takes a totally different approach and shows you how to continue to grow your financial situation with Family Empowered Bank and pass it on from generation to generation. The Brower Quadrant is the solution to fleeting wealth across generations.

2. Why is the Brower Quadrant important? I mentioned this above, but it bears repeating. Each of the quadrants can be considered an asset. Family knowledge and skills are usually taken for granted and lost. Most hard-working business people lose their business to their heirs. It also creates family stress and torn relationships. I can personally attest to this. Our business consisted of an extended family and the right of one of the partners was absolutely despicable and it tore the family apart and ended up in court.

3. How does it work? Lee says it best in a chapter subtitle – “Family Leadership”. It’s more than estate planning. Leadership requires vision, clarity, action, communication, influence and a host of other attributes. Implementing the Brower quadrant requires clarity in each quadrant with a set of action plans that are communicated and implemented.

The Brower Quadrant is required reading for anyone interested in preserving and building wealth across generations. Lee does a great job outlining what is needed and gives additional resources. I have started implementing some of the things in the book and will continue to implement everything as our family and business grows.

I hope you found this short video summary useful. The key to any new idea is to incorporate it into your daily routine until it becomes a habit. Habits are formed in as little as 21 days. One thing you can take away from this book is the difference between family leadership and estate planning. These two concepts are very different and Estate Planning is only a very small subset of Family Leadership and the Brower Quadrant.

Video about How Much Liability Insurance Does A 21 Year Old Need

You can see more content about How Much Liability Insurance Does A 21 Year Old Need on our youtube channel: Click Here

Question about How Much Liability Insurance Does A 21 Year Old Need

If you have any questions about How Much Liability Insurance Does A 21 Year Old Need, please let us know, all your questions or suggestions will help us improve in the following articles!

The article How Much Liability Insurance Does A 21 Year Old Need was compiled by me and my team from many sources. If you find the article How Much Liability Insurance Does A 21 Year Old Need helpful to you, please support the team Like or Share!

Rate Articles How Much Liability Insurance Does A 21 Year Old Need

Rate: 4-5 stars
Ratings: 5066
Views: 98344402

Search keywords How Much Liability Insurance Does A 21 Year Old Need

How Much Liability Insurance Does A 21 Year Old Need
way How Much Liability Insurance Does A 21 Year Old Need
tutorial How Much Liability Insurance Does A 21 Year Old Need
How Much Liability Insurance Does A 21 Year Old Need free
#Book #Summary #Brower #Quadrant #Live #Life #Deliberately #Written #Lee #Brower

Source: https://ezinearticles.com/?Book-Summary:-The-Brower-Quadrant—Live-Life-Deliberately—Written-by-Lee-Brower&id=6905373

Related Posts

default-image-feature

How Much Does An Old Xbox Sell For At Gamestop Final Fantasy X-X2 HD Overview – A Look at the Originals and the Upcoming Remastered Installments

You are searching about How Much Does An Old Xbox Sell For At Gamestop, today we will share with you article about How Much Does An Old…

default-image-feature

How Much Leg Hair Should A 13 Year Old Have New Zealand Maids (Part two of two: R&R in Sydney)

You are searching about How Much Leg Hair Should A 13 Year Old Have, today we will share with you article about How Much Leg Hair Should…

default-image-feature

How Much Does An Old Wood Burning Cook Stove Weigh History of Terracotta Clay Pot Cookware

You are searching about How Much Does An Old Wood Burning Cook Stove Weigh, today we will share with you article about How Much Does An Old…

default-image-feature

How Much Does An Old Thermostat Cost You On Bills Tips for Saving Energy in Residential Homes

You are searching about How Much Does An Old Thermostat Cost You On Bills, today we will share with you article about How Much Does An Old…

default-image-feature

How Much Does An Old Paid Tax Lein Affect Credit Your Credit Is Important

You are searching about How Much Does An Old Paid Tax Lein Affect Credit, today we will share with you article about How Much Does An Old…

default-image-feature

How Much Milk Should 3 Year Old Drink Per Day Better Prostate Health Through a Better Diet

You are searching about How Much Milk Should 3 Year Old Drink Per Day, today we will share with you article about How Much Milk Should 3…