How To Build Generational Wealth

Part of caring for your loved ones is making sure that they have the financial resources they need. Generational wealth is one way that you can provide that for your children and loved ones.

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, offering them a head start in life so they don’t have to start from zero.


When you pass away, any money you leave to your heirs and things like real estate or life insurance payments also serves as generational wealth that future generations of your family can use.


Even if you don’t have vast amounts of money to pass on to your children, you can help them tremendously by educating them about money.

Support Systems

Knowing that you’re there with an extra bedroom to sleep in when times are hard or some extra grocery money when times are tight can help your kids mentally and financially. They’ll be more able to do things like taking a risk on starting their own business or spending more time on a job hunt to find a great career instead of a lower-paying job.

How Can You Build Generational Wealth?

There are lots of things that parents can do to help build generational wealth for their families.

Educate Your Children

As they get older, lessons about saving money, planning for the future, and safely using debit or credit cards can help make sure they have a good foundation for independence, managing their finances, and thinking about their opportunities to create generational wealth for their children.

Be There To Help

Make sure that your kids know that you’re there to help and serve as a support system for them. Even small gestures to make sure they know you care can help them feel more comfortable asking for help, saving them from falling deeper into a financial hole.

Save Money

The most obvious way of building wealth is to save as much money as you can, as often as you can.

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