financial tip of the week...

by Genya Harley 

Feel free to add share this article...

| More

Are you a beneficiary of generational wealth?

Hello All:
Hope you all have had a safe and "cool" week/weekend thus far. Thank you for your questions and comments. Also, I appreciate you forwarding my information to your family and friends, I am glad you find it useful.

I am looking forward to seeing you at the Financial Health & Wealth seminar this fall. If you or someone you know is interested in promoting a business/product, service or organization, please contact me at the information below.

The other day I had a very interesting conversation with a client and good friend about money and insurance. He expressed to me that he could not recall anyone in his age group (40 - 45) that had been the recipient of a sizable inheritance.

Stop for a minute and ask yourself, do you know anyone who has obtained an inheritance that has allowed them to live a relatively comfortable life, start a business, write a check for 4 years of college, buy property etc,? If the answer is no, there is a huge problem with this. Many of us have heard that we should "store up an inheritance for our generation and their generation", so aren't we doing this?

Here are a couple reasons why your answer is No:
1. People are living longer
2. People who died left just "enough" money to be buried and pay off debt, maybe a little extra -
3. People who died didn't leave anything - ie. no money or assets

It's sad but true that I have helped some people that are in their 60's that at one time had a sizeable amount of insurance in their 20's and 30's and for whatever the reason didn't maintain the policy (policies). There are many people out here that have life insurance and they have not been properly advised. Many of us fall into 2 categories: no insurance or not enough. I believe in my clients having as much as they can afford and taking steps to obtain more than enough!

If I am being redundant in my message to you, it is because I really care and I am concerned. Especially for African Americans, we have alot of buying power, we have made considerable strides in business etc., but we are still behind in building and passing on generational wealth. It is ok to leave a legacy and I not talking about your children. What good is it to work everyday for a living, take care of your children and family, but if you pass away your loved ones cannot continue they same standard of living or grow into a better one?

One of the ways that you can grow wealth, protect wealth and pass on considerable amounts of wealth is with insurance. You have heard me say it before, insurance is the ONLY vehicle which you can transfer millions of dollars to someone free!

Are you interested in building, protecting or transfering your wealth to your family, a friend, or organization/church?

Please call or email me if the answer is YES. Until next week.
As always, be safe and use wisdom!

If you would like more information or if you have any comments, questions or suggestions, please call me or email me at 773-251-1865 or, or

Genya Harley
Financial Consultant
Mutual of Omaha
19255 Everett Lane, Suite C
Mokena, IL 60448

NOTE: We are proud to announce that for the entire month of May, S.C. Fitch Enterprises, and all of its affiliates including Amateur Sports News Network,, and Amateur Sports Gallery will be honoring May as National Teen Pregnancy Prevention Month. This Campaign was founded in 1996 to work exclusively on decreasing teen pregnancy in America, and at the outset challenged the nation to reduce the teen pregnancy rate. Unplanned pregnancy is at the root of a number of important public health and social challenges. Click here for more information.

Here is your opportunity to stop hating the media and actually become it!

We are always looking for additional personnel. Click here if you are interested. If you would like to submit a story, score, stats, or even photos, click here.