Ten Legacy Lessons of Wealth: What the Wealthy Teach Their Children That the Masses Don't Know

By Frank AuCoin and Theresa AuCoin

Despite being a sixth-grade dropout and illiterate until his thirties, author Frank AuCoin is very often asked, "How do I build and keep wealth?" In Ten Legacy Lessons of Wealth, the CEO and franchiser imparts his simple and clear wisdom to learn how to create real generational wealth. In fact, Frank says, "If you can learn to tie your shoes, ride a bike, and drive a car, you can learn to become wealthy, and there is nothing on God's green earth to stop you."

Through his rich storytelling, practical instruction, and nuggets of wisdom, you will walk away with a tried-and-true formula to build wealth, establish healthy relationships, and lead a maintainable and manageable inheritance for your children and for generations to come. If you are ready to accept that becoming wealthy is quite simple and certainly not as complex as most would have you believe, then you will love this book.

• Language: English
• Publisher: BookBaby
• Release date: Jun 11, 2024
• ISBN: 9798350948332

Frank AuCoin

Theresa, a graduate of Georgia Southern University, holds a master's degree in education with a focus on learning disabilities and special education. She's authored educational resources like "The Specific Learning Disabilities Resource Program" that reflect her love and devotion for both teaching and children. After eight years of teaching special education, Theresa ventured into entrepreneurship alongside her husband, Frank. They established a chain of bookstores, called The Book Exchanges. Later they founded a thriving graphic sign franchise, Sign It Quick, Inc. Additionally, they manage over forty rental properties in South Carolina. Theresa is a contributing author to several books on leadership and financial empowerment for women. Her passion for health and wellness led Theresa to get certified in nutritional counseling and become an advocate for helping people become deliberate about creating excellent health. In her seventies, Theresa enjoys spending time with her children, grandchildren, and friends. She also loves to read, learn, garden, attend Pilates classes and tend to her chickens. Writing this book with Frank, her husband of fifty-plus years, has been one of Theresa's greatest joys of her entire life. For more information on the authors, visit www.FrankAuCoin.com.

Book preview

The Fall From a Two-Story Home … Before the Lessons

All positions in life are temporary.

That’s a warning to the rich and hope for the poor.

—JIM ROHN

My journey to financial security begins …

My entire journey began on an icy-cold morning in Georgia. I had no idea that this day would change the rest of my life. It began with me falling two stories off an aluminum ladder while working on a house. Although the fall only took two to three seconds, the results would bring a lifetime of adventure, joy, happiness, peace, and financial freedom. Hopefully you don’t have to fall two stories and get injured to start your financial journey. There’s a much easier way. Just keep reading.

I had been married only 180 days to a beautiful, well-educated, charming, and delightful young lady by the name of Theresa. She was twenty-one and I was thirty-one. We were living in a rundown, single-wide mobile home that I purchased for $1,200. It had no heat, a couple of broken windows, and uneven floors. But we were as happy as any new couple could be. None of that bothered us, as we were very much in love and believed we had a bright future.

But that morning brought below-freezing temperatures. As I was assisting roofers in my new job, I climbed up an aluminum ladder with shingles on both shoulders. It was so cold that by the time I reached the top of the house, my ears were freezing, my nose was running, and the icy-cold, misty wind blew so hard that my hands literally froze to the aluminum ladder, just like when you pick up ice cubes and the ice sticks to your hand. No amount of blowing or even spitting would loosen my fingers. I made the unwise decision to release my hands, and as I attempted to jerk my hands loose, the sudden movement caused the ladder to start falling backward two stories. I had a feeling this was not going to end well. That’s when my two-story backward descent started. When I landed, it knocked me out for a few minutes. As I came to, I looked up and saw my coworkers staring down at me with very worried looks. They were trying to see if I was breathing. I was, thankfully, but I was seriously injured. I told them they could not take me to the hospital, because I had no insurance. So, they took me home to our icy-cold trailer.

I literally lay in bed for weeks with an injured back, which gave me lots of time to think. We did not have any money to pay the $35 lot rent for our mobile home, the electric bill, or anything else. We ended up selling our bicycles for money to eat and pay the rent. As I lay in that bed, sore and in pain, I was ashamed and embarrassed that I was not able to pay a $35 bill, and I was now thirty-two years old. I was having a street fight with myself mentally. I said to myself: You are thirty-two years old, you’ve been working for years, and you don’t have a measly $35. Whatever you’ve been doing is not working. And, obviously, everything I had been told about earning a living was not working, either. I did not have any idea about how long my recovery would take, but I knew at that moment that I was going to figure out how to never be in this position again.

As I thought back through my life, I recognized that I had always been a hard worker. I always showed up on time. I stayed late. I always did my best and did more than I had to. I guess I was like most hard-working Americans. Knowing what I know today, it breaks my heart to see thousands of other hard-working Americans who go to work every day either not realizing or living in fear that if something happened to them and they lost their employment for any reason, they could lose everything very quickly. As you are about to find out, it does not have to be that