One of the things that parents care about most is making sure that their children are taken care of.
That means caring for their children, physically and emotionally.
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.
Generational wealth comes in many forms. The simplest way to put it is that it includes any financial resources you give to your children, their children and beyond
The most basic form of generational wealth is money.That can be in the form of simple cash or other valuable assets, such as a car, home, or investments.
Teaching your children how to build a budget, use a credit card, or how investing works is all a form of generational wealth.The knowledge you give them can help them improve their financial life.
Creating generational wealth is one of the best ways to care for your children and many future generations of your family. However, make sure to focus on the many different kinds of generational wealth.