What is Generational Wealth and How Do You Build It?

People who inherit generational wealth have a significant financial advantage over those who do not. These people likely have the ability to avoid student loans and other types of costly debt.

To build generational wealth you can pass on, you need to acquire assets or save money you won’t need to spend in retirement. 

How to Build Generational Wealth

Stocks are arguably one of the best ways to build long-term wealth. Some people recommend starting by investing in index funds that carry low costs.

Invest in Stocks

The app offers commission-free trading in several types of assets which can build generational wealth over long periods of time.

How to Start Investing Money

1. Webull

This robo-advisor allows users to buy fractional shares of stocks and serve as a micro-investing app. 

2. M1 Finance

Unlike stocks, real estate is tangible and can be an instant moneymaker for whoever inherits it.

Invest in Real Estate

As you receive dividends from stocks or real estate and are making more by selling assets, make sure to put some of it aside in a place where it will continue to work for you.

Save More Strategically

There is a reason it’s popular for small businesses to have “& Sons” in the name. People like the idea of building a business to pass down to their children. 

Create a Business to Pass Down

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