What is Generational Wealth?
Generational wealth comes in many forms, but the simplest way to put it is that it includes any financial resources you give to your children, their children, and beyond.
The modern financial system is incredibly complex, and most people don’t learn about generational wealth, let alone the intricacies of things like credit scores and investing in school.
Educate Your Children
Get your children involved in your family’s finances from a young age. Even something as simple as having them sit down with you while you pay the bills.
Plan for After You’re Gone
You could have millions of dollars saved, but it won’t do your loved ones much good if you don’t have a plan for what should happen to it after you pass away.