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.
We are still back to what you first said and disputed the fact that generational wealth being kept for our kids may be misused by them when they grow up. Investing into assets that will be profitable for them in the future is just like building generational wealth also that makes one not still sure whether they’re going to safeguard and not misuse it when they come of age of having that holdings with them.
Generational wealth is being built with good name also and not just the money. What I mean by good names is by connection with the government. Having people of higher calibre benefiting from this your generational wealth will make it sustainable that even your great grandchildren will come to benefit from it later. There is a way you’ll build your wealth that the services you get to render to make provision for the wealth will be of high demanding that in many years to come will not go in exile.