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Multi-Generation Mixed Race Family Posing for Selfie as They Eat Meal Around Table at Home Together
WHAT IS GENERATIONAL WEALTH & HOW CAN YOU BUILD IT!
Many of us want to be wealthy or financially stable to provide for our children, family members, future generations, and even close friends. However, not all of us find ourselves in a position where we are able to do this. We feel like it is a constant struggle to stay ahead of the mounting bills, and not live from pay-check-to-paycheck.
So, how do we achieve the afore mentioned and not keep repeating the same cycle? How does one create wealth that will not only sustain your family today, but for generations to come. The answer is simple, “Create Generational Wealth”!!
What is Generational Wealth!
Generational wealth is wealth that your family passes down from one generation to the next. And whether you realize it or not, you’re probably already familiar with this concept.
Think of the wealthy families you see on TV and movies. The preceding generation worked hard and built the family fortune, and then passed it down to their children. Then, the following generations continue to sustain and build on that wealth.
The concept of building generational wealth isn’t just about making enough money to buy a nice house or fund your current lifestyle. It’s about setting up your children, grandchildren, and future generations for a better life.
It requires that you adopt a very different mindset when it comes to making and spending money.
How Do I Begin Creating Generational Wealth?
One of the most popular ways to build generational wealth, is investing in real estate. Countless Americans have done it, and it doesn’t require a college education. There is a plethora of information online that can teach anyone how to do it. The amount of money needed to start building your real estate portfolio may be much less than you think.
If you would like to get started, it’s easier than you think. Just pick up your phone and reach out to me. Not only will I help you find your home, but I can also provide you with the resources to get lenders, credit repair experts, insurance agents, and down payment assistance.
By building generational wealth, you not only secure your own financial future but that of generations to come. Start by getting your spending under control, maximizing your income, and focusing on investment strategies to grow your wealth. Also, make sure to teach your kids good financial habits so they will be prepared to sustain and build on this wealth after you’re gone.
If you require assistance with down payment assistance, click on the link below to see what programs you may qualify for:
https://www.workforce-resource.com/dpr/pmt/MFRMLS/YOLANDA_JOSEPH
