FPC Blog

Three Ways to Create Wealth Based on the Financial Policy Council Mission


The Financial Policy Council (FPC) has a mission deeply rooted in promoting economic well-being, financial literacy, and sustainable wealth-building strategies for individuals and communities. As we reflect on America’s rich tapestry of wealth creation, it is evident that the ethos of the FPC aligns with the nation’s original core principles. This alignment makes the mission of the FPC not only relevant but also instrumental for the future economic trajectory of the United States. 

Lack of Financial Literacy Hinders Wealth Creation 

While the United States has abundant resources and opportunities for generating wealth, far too many individuals and communities continue to struggle financially. This wealth gap can be attributed largely to a lack of financial literacy and access to quality financial education. 

Surveys have found that only 57% of adults in the U.S. are financially literate1, meaning they can correctly answer basic questions on financial concepts.1 This lack of understanding prevents many from effectively managing their money, building assets, and creating generational wealth. Those with lower incomes tend to have even less financial knowledge. 

The implications of this problem are clear – without proper financial skills and education, people cannot take full advantage of the wealth-building systems and policies in place. As a result, economic inequality persists, and many remain trapped in cycles of poverty. 

Providing financial literacy resources and education is crucial for empowering all individuals to take control of their financial futures. The FPC recognizes this need and has made financial education central to its mission. But greater effort is still required to make quality financial literacy accessible to every American, especially among disadvantaged groups. Addressing this gap in understanding is key to creating a more equitable and prosperous society. 

 Three Ways to Create Wealth Based on the FPC Mission 

  1. Financial Education and Empowerment: As seen from the visionary leadership of figures like Alexander Hamilton2 and Franklin D. Roosevelt3, establishing strong financial institutions and economic frameworks is vital. The FPC emphasizes the importance of financial education for all. By equipping individuals with the knowledge to understand, manage, and grow their finances, they can make informed decisions, ensuring personal and national economic stability. Initiatives can include community-based financial literacy workshops, introducing financial education in schools, and leveraging technology to offer online resources and courses. 
  2. Investment in Entrepreneurship and Innovation: From the industrial moguls of the late 19th century to the tech giants of the modern era, American wealth has often been tied to innovation and entrepreneurial ventures.4 In line with the FPC’s mission, fostering an environment where entrepreneurs can access resources, mentorship, and capital is crucial. By supporting start-ups and small businesses through grants, low-interest loans, and incubation programs, communities can spur local economic growth and job creation, promoting sustainable wealth. 
  3. Building Strong and Resilient Communities: Abraham Lincoln and Franklin D. Roosevelt demonstrated that in times of crisis, supporting the broader community is paramount.5 The FPC believes in not only individual prosperity but also in elevating entire communities. Initiatives like community development projects, infrastructure investments, and social safety nets ensure that the broader populace has the foundation to thrive. By prioritizing community well-being, wealth generation becomes more inclusive, sustainable, and resistant to economic downturns. 

Examples of Current Business Leaders and Their Wealth Creation Strategies: 

  1. Elon Musk (Tesla & SpaceX):
    1. Wealth Creation Strategy: Musk’s businesses are based on sustainability, both in terms of the environment (Tesla) and humanity’s future (SpaceX). Tesla’s commitment to electric vehicles and solar energy directly ties into a sustainable future.6,7 
    2. Alignment with FPC: By focusing on products that emphasize sustainability, Musk is not only generating personal wealth but also supporting a larger societal need, promoting a healthier environment and more resilient communities. 
    3. Takeaway for Other Leaders: Innovate in industries with long-term societal benefits. Addressing global challenges can be both profitable and fulfilling. 
  2. Howard Schultz (Starbucks):
    1. Wealth Creation Strategy: Schultz has always emphasized employee well-being. Starbucks was one of the first major companies to offer health benefits to part-time employees and stock options for baristas.8,9
    2. Alignment with FPC: By prioritizing his employees’ financial well-being, Schultz has created a loyal workforce and a brand that resonates with values-driven consumers. 
    3. Takeaway for Other Leaders: Investing in employees and their financial well-being can result in a stronger brand and customer loyalty. Happy employees often lead to happy customers. 
  3. Jessica Alba (The Honest Company):
    1. Wealth Creation Strategy: Alba’s company emphasizes transparent, ethical, and safe consumer products.10, 11
    2. Alignment with FPC: By focusing on transparent and ethical products, Alba taps into a consumer base that values honesty in their purchases, fostering trust and ensuring long-term customer loyalty. 
    3. Takeaway for Other Leaders: Building a business on a foundation of ethics and transparency can lead to a unique selling proposition and establish a trustworthy brand in the market. 
  4. Chobani’s Hamdi Ulukaya:
    1. Wealth Creation Strategy: Ulukaya believes in shared success and has given a significant share of the company’s ownership to his employees.12, 13
    2. Alignment with FPC: By offering equity, Ulukaya ensures that as the company grows, its wealth is spread among those who helped build it, aligning with the FPC’s principle of sustainable wealth-building. 
    3. Takeaway for Other Leaders: Sharing success can lead to a more invested and motivated workforce, driving company growth and fostering a community spirit. 

Connecting the Dots for Other Business Leaders: 

  1. Focus on Long-Term Sustainability: Whether it’s environmental consciousness like Tesla or ethical consumerism like The Honest Company, businesses that align with long-term global and societal goals tend to thrive.14 
  2. Prioritize Employee Well-Being: Companies like Starbucks show that when employees are treated well, businesses can witness lower turnover rates, increased productivity, and enhanced brand image.15 
  3. Ethics and Transparency: In today’s information age, consumers are more informed and value brands that are transparent and operate ethically. Building a brand that emphasizes these values, as Jessica Alba did, can lead to loyal customer bases and sustainable growth.16 

In essence, aligning wealth creation with principles that promote collective well-being and sustainability, as championed by the FPC, can result in not just short-term profits but long-term prosperity. Business leaders, by taking inspiration from these contemporary examples, can forge paths that are both lucrative and aligned with larger societal goals. 

Visit www.financialpolicycouncil.org to learn more. 

#FinancialLiteracy #WealthCreation #FinancialEducation #Entrepreneurship #Investing #MoneyManagement ©Copyright Relationship Toolbox LLC. All rights reserved. 


  1. https://www.financialeducatorscouncil.org/financial-literacy-statistics/ 
  2. https://www.history.com/topics/early-us/federalist-papers 
  3. https://www.thebalancemoney.com/fdr-economic-policies-and-accomplishments- 3305557 
  4. https://www.forbes.com/sites/johncaplan/2021/11/05/the-ongoing-wave-of-entrepreneurship-is-set-to-reshape-the-us-economy/?sh=5cabf86456bf 
  5. https://academic.oup.com/book/2093/chapter-abstract/142020215?redirectedFrom=fulltext 
  6. https://hbr.org/2022/07/does-elon-musk-have-a-strategy 
  7. https://hackernoon.com/how-elon-musk-prioritizes-sustainability-in-his-businesses 
  8. https://justinkbrady.com/howard-schultz-great-employee-benefits/ 
  9. https://www.businessinsider.com/starbucks-howard-schultz-ceo-gen-z-2023-3 
  10. https://www.honest.com/about-us/our-story.html 
  11. https://abcnews.go.com/Entertainment/jessica-alba-defends-honest-company-million-lawsuit/story?id=33643997 
  12. https://hbr.org/2022/04/chobani-founder-hamdi-ulukaya-on-the-journey-from-abandoned-factory-to-yogurt-powerhouse 
  13. https://patrioticmillionaires.org/2016/04/27/predistribute-the-wealth-sharing-the-stake-at-chobani-yogurt/ 
  14. https://www.forbes.com/sites/glennllopis/2022/12/08/esg-and-dei-why-they-matter-for-long-term-sustainability/?sh=3724e4d03394 
  15. https://www.weforum.org/agenda/2021/10/the-importance-of-worker-well-being-in-the-future-of-work/ 
  16. https://www.theguardian.com/sustainable-business/corporate-transparency-honesty-best-policy