Definition of generational wealth is when you have accumulated enough investments to pay for your heirs’ living expenses in perpetuity without touching the principal.
Since living expenses, investment returns, tax laws, and spending of future generations are varied, it is hard to put a number on what is considered generational wealth.
Make sure you have a decent-sized emergency fund earning high-interest rates. Maintain an excellent credit score so you can qualify for the most competitive loans with the lowest interest rates.