Most people don’t realize that even if you’re leaving a couple of thousand behind, you’re contributing to the growth of your generational wealth and ensuring your descendants’ financial future.
You need a more robust investment and savings plan to ensure wealth goes on for multiple generations.
Ways you can start to accumulate generational wealth.
1. Real Estate Investment 2. Start A Business 3. Stock Market Investment 4. Education 5. Multiple Generators Of Revenue 6. Life Insurance
One of the reasons people lose their generational wealth is not managing their money well. They turn their wants into needs, inflate their lifestyle, and spend more than before.
How To Pass On Generational Wealth
1. Account Beneficiaries 2. Writing A Will 3. Trust Fund
Talk with your family or partner about where you want to start. Not everyone wants to start a business or invest, so figure out the best option for you and start from there.
New money will eventually be old money with mindful wealth-building.