How To Build Generational Wealth

When you envision generational wealth,  do you see images of private jets, lavish parties, extra chilled  martinis, and designer clothes for toddlers come into view?

That may be, but on the next slides, it's not about those already wealthy. It’s about people striving to build wealth and  pass it to the next generation.

Generational wealth refers to our ability to pass our assets to our children and grandchildren as part of our family legacy.

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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