How To Build Generational Wealth
Part of caring for your loved ones is making sure that they have the financial resources they need. Generational wealth is one way that you can provide that for your children and loved ones.
What Is Generational Wealth?
It includes any financial resources you give to your children, their children, and beyond, offering them a head start in life so they don’t have to start from zero.
How Can You Build Generational Wealth?
Educate Your Children
Get your children involved from a young age. Even something as simple as having them sit down with you while you pay the bills
Be There To Help
Even small gestures to make sure they know you care can help them feel more comfortable asking for help, saving them from falling deeper into a financial hole.
The earlier you start saving and the more you can save, the more you’ll have to pass along to your heirs.
Plan For After
At a minimum, you should make sure you have a will that outlines where your money is and how you’d like your money to be allocated after you die.
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