How does one build generational wealth? Step one is to build some wealth of your own.
Steps two and beyond will depend upon the goals you set for the wealth that you’ve built.
What will your priorities be for those dollars? Do you have philanthropic aspirations? Would you like your kids (and their kids) to receive the bulk of your wealth?
Having and raising kids is the most challenging job in the world. As parents, you are responsible for their wellbeing, keeping them safe, healthy, supporting them in any way possible.
Wealth generation varies by person or family, and what counts as a sizable inheritance for one person may be a pittance for another and their attitude towards money.
How Much Money Do You Need To Count As Wealth Generation?
As parents, we want to ease our children’s financial pressures, so they don’t have to take on burdensome debt unnecessarily, which can help them find success and happiness while further growing their wealth.