“When I look towards my future, I want to leave a legacy that runs rich.” -Kyle Shewfelt
Even though I have been in the banking industry for over 10 years, I obtained my insurance license in 2009. I had no clue about life insurance. I didn’t even see the necessity in it. Once I obtained my license and started selling insurance and investment products, I ran into many clients with different situations in life. It went above and beyond the basic “which checking account is right for me,” and it made me realize that I am handling their future.
Who really thinks about their future? I honestly did not until 2009. I worked in a prestigious area and handled million-dollar clients and I told one client “I hope to be you when I grow up” half joking. He educated me on how to do it, and the majority of the lesson involved long-term planning. He told me it is more important to build a legacy than just getting quick money.
How many of our middle and lower class families know about legacy planning? They know about savings accounts and CDs. Some are a bit knowledgeable about annuities. But there are so many annuities; they often combine two or three types of annuities together. I’m always passionate about education and making the right decisions. I think that is why corporate America and I do not get along. I started concerning less about the bottom line and more on educating people on the choices they have for their money. Their hard earned money.
When I started this business I have quite a few people tell me that it was a good career choice because people do not want to address the topic of finance. Yes, dealing with financial planning is like tackling the messy closet or garage. Once it is done, though, you feel so accomplished. The only problem is financial planning takes longer than cleaning.
I think our middle and lower class families, especially in the minority communities, need to work harder at understanding long-term planning and setting a legacy for our children. So many people can quote the Bible in all other aspects except for legacy building. It actually states in Proverbs 13:22 that we are to leave a legacy, not just for our children, but for our children’s children. Many people just have the mentality to work hard without thinking about the type of lifestyle they want when they retire and what legacy do they want to leave to future generations. I strongly encourage everyone to sit down and start long-term planning. If you have already done it, great! Review it again or get a second opinion. It’s time to start leaving legacies. What will yours say?