The simplest way to put it is that it includes any financial resources you give to your children, their children, and beyond.
Save Money The earlier you start saving and the more you can save, the more you’ll have to pass along to your heirs.
Education They’ll also teach you about important financial concepts like creating a budget and managing investments.
The third generation, not having seen the effort and work that goes into building wealth, squanders their money and winds up with nothing.
This is the reason that it’s important to cultivate multiple forms of generational wealth and not just leave money to your heirs.