CREATE GENERATIONAL WEALTH AS A FARMER.

1. Invest in real estate.
Land can provide a steady stream of income through farms. Land value appreciates overtime as well as agro-products due to the increasing population with unlimited needs.

2. Start and grow a business.
Business guarantees significant revenue. As a farmer creating a business alongside the value chain of the farm product.This is essential to create a business legacy like storage, transportation, food and processing industry. Business empowers the next generation with entrepreneur skills and financial security.
3. Priorities Education.
Education equips the next generation knowledge and skills essential to grow inherited wealthy and manage business effectively.
4. Invest to learn financial literacy 
Financial literacy empowers to make sound financial decisions essential for sustaining and growing wealth.
5. Create an Estate Plan.
Ensure your assets are distributed according to your will before you pass away. This aids to minimize taxes and legal fees, ensuring more of your wealth is passed down to your next generations.

In conclusion 
Generational Wealth is a long-term journey requires planning, strategic investments and commitment to financial education.

Start your journey now by subscribing. 

Comments

Post a Comment

Popular posts from this blog

TOMATO PRODUCTION e_LEARNING MATERIAL.

TOMATO PRODUCTION LEARNING MATERIAL. Scientific classification of tomato. Kingdom: Plantae (plant) Phylum: Mangnoliophyta (flowering plant) Class: Magnoliopsida (dicotyledons) Order: Solanales Family: Solanaceae (potato family) Genus: Solanum (night shade) Species: Solanum lycopersicum Origin of Tomato. Tomato originated in the Andes region of South America including the present today Peru, Bolivia, Ecuador and North Chile. With the wild ancestor being the "Solanum pimpinellifolium" small and yellow in colour, later a large "lumpy variety" evolved in meso-america potentially becoming the ancestor of some modern cultivated tomatoes. The Aztecs and Incas grew tomatoes as early as 700AC.  Tomatoes where viewed with comparison to poisonous nightshade family plants such as Belladonna and Mandrake due to their resemblance, cultivated for decoration. Tomatoes were introduced to Europe in the 16th Century. In the 17th Century, they became popular throughout Europe. The fren...
Read more

COFFEE PRODUCTION KIT

Image
COFFEE PRODUCTION KIT  Introduction. Coffee is the most important cash crop of Uganda interms of foreign exchange earnings and employment creation. The Ugandan Coffee sub-sector is currently operating below it's full potential hence it is critical to enhance the production and productivity of farmers in a sustainable way that addresses the social, ecological and economic dimensions. Some of the gaps identified in coffee sub-sector have been lack of up-to-date technical resource materials to guide the production of coffee to meet the global market standards.This material has been developed to empower coffee farming communities and agricultural students with coffee production knowledge to enhance productivity of coffee in a sustainable manner focused to expand coffee sub-sector to create employment opportunities and enhance economic livelihoods of communities. Facts about coffee production. Coffee is the world second most traded good after oil. Brazil is the largest coffee producer, ...
Read more

MYSTERIES OF GOAT PRODUCTION.

Image
MYSTERIES OF GOAT PRODUCTION. Introduction. Goat production has the potential to improve socio-economic livelihood of peasant farmers or small-scale farmers. In the past years, there has been deliberate moves by the government of Uganda and other stakeholders to promote improvement of goat breeds raised by farmers. These include intervention of importation of exotic dairy and meat breeds in the country to improve productivity. However, according to the National Livestock Report 2021, there has been a relatively insignificant percentage in the number of exotic dairy and meat goats keeping household in Uganda. According to research, there's still need to empower communities with appropriate information and knowledge on goat farming. In consideration with the national agriculture learning circulum, there is little emphasis on small ruminates hence producing elites with limited knowledge on goat management and production practices. This material is designed to reveal myster...
Read more