How To Build Generational Wealth

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?

How To Build Generational Wealth

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To build wealth, you need to start by taking care of your basic financial needs.

Manage Your Finances Well

Setting aside money when unexpected emergencies happen is essential so you can pay your monthly bills on time.

Establishing An Emergency Fund

Spending less than you earn so you can invest the rest is the mantra for successfully growing your wealth.

Spending Less, Saving More

Housing wealth is the most significant contributor to the net worth of  Americans, accounting for over 32% of the increase across all income  levels.

Homeownership or Rent My Home

Stocks have a better risk-return profile than many assets and keep better pace with inflation.

Investing

Having your own business takes hard work but can make quite a legacy for your family.

Building Your Own Business

Rather than work in the family business, many people develop multiple streams of income besides their wages.

Build Multiple Income Streams

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