What Is Generational Wealth And How To Build And Pass It Down

Have you ever wondered what you would do if you inherited a large sum of money?

Why Is Generational Wealth Important?

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Building generational wealth and passing it down to your heirs could have a tremendous impact on their financial future

Definition of generational wealth is when you have accumulated enough investments to pay for your heirs’ living expenses in perpetuity without touching the principal.

How To Build Generational Wealth

Make sure you have a decent-sized emergency fund earning high-interest rates.

Cover The Basics Of Consumer Finances

No matter which country you live in, homeownership is the primary way to build and pass generational wealth.

Homeownership

Invest in Stocks

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The stock market is an excellent option to build wealth over the long term because it can continue growing for decades. Stocks make money through capital appreciation and dividends.

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