Securing your financial security is a colossal task. People are prioritizing the safety of their funds as inflation rises and federal interest rates seem to fluctuate daily. It’s a to-do that doesn’t only affect yourself—it also influences future generations. Creating a cycle of wealth that seeps into your whole family can start—or continue—with your financial choices.
Investments are the primary way to create generational wealth, but how does this process start? Do you wonder if making generational wealth matters to you, and if so, what are the most productive and fruitful steps to take for the most considerable profit? The time to start preparing was yesterday, so it’s time to make decisions now for the future of your money and family.
What Is Generational Wealth?
Generational wealth is any asset containing value that passes down generational lines, including:- Bonds, stocks and cryptocurrency
- Properties like homes, rental properties and vehicles
- Retirement accounts like Roth IRAs
- Life insurance
- Businesses
- Expensive jewelry and other valuables
