I hear a lot of young people wishing they can build generational wealth for their kids. The kids of their kids and the kids of their kids' kids. But is it really up to us? We can build wealth now and leave all our assets to our kids but how can be sure they can protect the wealth and make it grow even more?
Honestly the best thing we can do is to teach our kids and hope that all the things we got to accomplish for them won't be put into waste. Build your portfolio now. Invest in assets that will be profitable in the long term so you can leave this to your kids.
Lots of time, this kid's don't know the effort and sacrifice it took their parents or their grand parents to build this wealth, so in most cases, when they come on, they usually sell out all this assets, it's only but a microscopic few that try to supposedly continue the legacy of their forebears.
However in this generation we found ourselves, building generational wealth is a bit difficult, first of all political decisions and economic situations in various countries and across the world has affected the ability of most persons to successfully build general wealth, so at best what you might have now are parents that could sustain themselves for their lifetime and a little bit of property they might keep for their children, although generational wealth has always been among very few set of persons in the society and it's not easy to come by no matter how much would which to have it.