Gen One Legacy
Making a generational impact starts with one: one person, one family, and one community. And so, the Gen One Legacy is our attempt to help first-gen tech professionals like you get your financial house in order so you can live your legacy.
Hosted by Peter Donisanu, a Private Wealth Manager, this podcast serves to simplify your journey through the often-complex world of wealth management, tailored specifically for the first-generation impact-oriented tech worker.
One person can’t change the world alone.
But one person can be the spark that lights the way, providing future generations with resources they need to align with their higher purpose so they can make a dent in the universe.
Your journey as a first-generation high earner isn’t just about accumulating wealth; it’s about creating a legacy that lasts the tests of time. A legacy that empowers your family, uplifts your community, and leaves a lasting mark on society for generations to come.
That’s why each episode of Gen One Legacy dives deep into the critical aspects of wealth creation, preservation, and legacy formation. From actionable stock options & equity comp strategies, to investing, estate planning and fostering a mindset of generational wealth, we cover it all.
Join us as we distill proven Wealth Management practices into practical and actionable insights that you can apply to your own life.
Whether you're an entrepreneur, an executive, or anywhere in between in the tech space, this podcast is your first step toward securing a prosperous future for your family and generations to come.
Subscribe to the Gen One Legacy where we’ll help you get your financial house in order so you can live your legacy.
Gen One Legacy
Is Your Credit a Superpower or Kryptonite?
Is credit a good thing or bad thing?
Well, it all depends on your perspective.
When used correctly, credit can supercharge your life and help you level up financially in a shorter time than you would have if you relied on savings alone. That's why Dale Carnegie, in his book, "The Gospel of Wealth," wrote that debt could be a powerful force for good if used productively.
Now, the trouble with debt is that, just like any other financial tool out there, it has been misused by lenders and borrowers alike, leading its use to be largely villainized by society. Make no mistake, in the wrong applications, debt can be a form of bondage. That's why in some cultures, its use is forbidden and why some individuals have mortgage payoff parties instead of retirement savings celebrations.
Make no mistake, however, when used prudently, credit can boost your earnings ability, enable you to acquire appreciable or income-producing assets, and help keep you from going broke when life throws you a curveball bigger than your savings account.
Even so, a Scottish historian and author, Niall Ferguson, wrote, "credit is like a looking glass. Once cracked, it can never be the same again, and the more we use it, the more fragile it becomes…"
Indeed, these perspectives from Carnegie and Ferguson show how on the one hand, the wise use of credit can dramatically enhance your current financial situation. On the other hand, debt can leave your finances in a precarious position when not managed properly.
Certainly, much has been written about the trouble with credit and how too much debt can be a trap. Before we discuss the drawbacks of credit, let's take a look at why you would want to use debt to lever up your current financial situation.
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