Tips for Building Generational Wealth: Insights from D.C.-Based Financial Planner Jacqueline Schadeck

D.C.-based financial planner Jacqueline Schadeck is on a mission to help families build and maintain generational wealth, emphasizing the importance of seeking good advice along the way. Schadeck’s personal experience with her family losing a substantial inheritance due to bad financial investments has fueled her passion for guiding others towards financial success.

Growing up with little financial stability, Schadeck witnessed her mother lose a million-dollar inheritance within a few years, leading her to question the lack of trustworthy financial advisers in their lives. This experience inspired Schadeck to become a certified financial planner and establish Golden Wealth Strategies, a company focused on comprehensive financial planning and investment management.

Schadeck advocates for a long-term approach to building wealth, encouraging individuals to focus on assets like businesses, real estate, and the stock market that will benefit their families in the future. She also hosts a TV show on PBS called “My Money Mentors,” aimed at simplifying financial literacy for young adults.

In a financial landscape where Black households face significant wealth disparities compared to white households, Schadeck emphasizes the need for objective and comprehensive financial advice. By sharing her story and expertise, Schadeck hopes to empower others to make informed financial decisions and secure their financial futures.

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