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.
Aren't we still discussing the same thing here? You can build your portfolio or make profitable investment for the sake of your children but in the long run, they might end liquidating every of your efforts in a twinkle of an eyes once you are no more. Building a generational wealth is not necessary in my opinion as we've seen many of such efforts end up in vain when the primary builder dies.
Advisably, people should start teaching their children how to build wealth themselves instead of attempting to build wealth to leave behind for them. These children don't know how and what you passed through to accumulate whatever you are leaving behind for them to feast on but teach them to use their sweat to build portfolio for themselves and I assure you they'll protect it at cost from collapsing.