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How Legacy Math by The Money Council Helps Entrepreneurs Build Wealth and Leave a Lasting Legacy

Writer's picture: The Legacy CPA ®The Legacy CPA ®

Summary: A different outlook on how to infuse financial literacy solving business challenges!


What is Legacy Math™?: Redefining Financial Literacy for Women Entrepreneurs


Let’s talk about legacy,


Woman in white shirt using a calculator and writing on documents with graphs at a desk, focused expression, laptop open, bright office.

Sis—the kind that lasts long after you’re gone. If you’re like me, you’ve experienced moments where financial conversations felt intimidating or even out of reach.


But here’s the truth: building multi-generational legacy isn’t just a dream; it’s a formula.


I call it Legacy Math™:


Wealth – Taxes = Legacy.


It’s not just a concept—it’s a framework designed to help you master the intersection of wealth accumulation and strategic tax planning to create a lasting legacy.


It's where the rubber meets the road.


A Legacy Built on Lessons From the Start


My journey with financial literacy started early—like, 9 years old early.


Back in 1997, as a 4th grader in East Point, Georgia, I was a teller at a school bank in partnership with SunTrust. I thought having $50 in my name was winning!


Child in striped sweater uses laptop with smiling adult in orange sweater. Bright room with books, apple, and colorful papers nearby. Cozy vibe.

Fast forward to now, as a mom to 6-year-old twins, I see how important it is to go beyond basic financial literacy.


What I learned then shaped how I approach The Money Council® today: creating practical, transformative tools to help women entrepreneurs steward their wealth with intention.


Legacy Math™ at Its Core


Legacy Math™ connects two fundamental pillars of financial well-being: Wealth accumulation and tax reduction strategies which come together to form Legacy Math.


Wealth Accumulation Variables


Strategically building and managing your money to create long-term financial stability.


Here are a 9 Variables to consider during your wealth accumulation process.


  1. Income Streams

Variable: The number and diversity of income streams significantly impact wealth accumulation.


Examples:


  • Adding passive income streams to your business portfolio to earn a 6-figure profit.


  • Diversifying business income through new services or digital products, like eBooks or courses.


  • Launching a subscription model for recurring revenue.

  1. Pricing and Profit Margins

  1. Investments

  1. Debt Management

  1. Emergency Fund and Savings Rate For Aspiring Women Entrepreneurs

  1. Wealth Allocation

  1. Lifestyle Inflation

  1. Business Structure

  1. Intellectual Property (IP)


Tax Reduction Variables


Using the flexibility of the tax code to minimize taxes and maximize what stays in your pocket legally.


Together, these pillars empower women entrepreneurs to create a legacy beyond dollars and cents—it’s about freedom, choice, and impact.


Here are a 8 Variables to consider during your tax reduction process.


  1. Managing Deductions, Ethicially

Variable: Maximizing deductions to reduce taxable income.


Examples:


  • Home Office Deduction: Deduct a portion of your rent, utilities, and internet costs if you use a dedicated space for business.


  • Mileage and Travel Expenses: Track miles driven for business or trips taken for client meetings.


  • Education and Training: Deduct expenses for professional development, certifications, and online courses.

  1. Hiring Family Members Following IRS Guidelines

  1. Adding The Right Tax Status With The IRS

  1. Depreciation of Assets

  1. Retirement Contributions

  1. Health and Wellness Benefits

  1. Charitable Contributions

  1. Loss Harvesting and Carryforwards


Where Are You in Your Legacy Math Equation?


As you can see, there are 17 total variables broken down between wealth and taxes that create their own math dynamics.


Think of these 17 variable that comprise of the ultimate end goals. After implementing some or all of the strategies outlined, what remains? Legacy!


A hand with a pen marks a checkbox on a sheet with rows of empty boxes. The sheet is in focus, and the mood is focused and intent.

So where are you? Expand the individual list below to take stock of where you are and how you can improve your legacy math variables.


When you work with The Money Council®, these pillars are our compass for ultimate obedience in helping you to solve your Legacy Math!


  1. Do You Need to Activate Wealth?

Legacy starts with wealth, and wealth starts with strategy.


Ask yourself:


  • Are you bootstrapping, building, or inheriting wealth?

  • Are you making the most of the resources you already have?


💡 Pro Tip: Don’t get stuck at Google your way through starting your business. Connect with a CPA in the beginning to organize your ideas to maximize your wealth, strategically.

  1. Do You Need to Slash Taxes?

  1. Do You Need to Preserve Legacy?


Legacy Math™ Is More Than Numbers—It’s About Vision


Just like a nutrition plan for your health or an annual physical to assess where you stand, Legacy Math™ is the roadmap to your financial well-being.


It’s about understanding where you are, where you want to go, and making intentional decisions to bridge that gap to steward your business resources.


Whether you’re starting small or scaling big, the framework applies to every stage of your journey.


Take the Next Step Toward Your Legacy


It’s not just about making money. It’s about stewarding your resources to create generational wealth and impact.


💡 Your Homework:


1. What’s one financial decision you’ve been putting off?


2. How can you activate wealth, slash taxes, or preserve your legacy in the next 90 days?


Click the link below to subscribe to our Newsletter and unlock resources that make the path to your legacy simpler and clearer.


✨ Let’s make 2025 the year you finally solve your Legacy Math™.




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Comments


On the other side of wealth is legacy!
We can't wait to meet you there.

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