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.
In my opinion, the best legacy we can leave our children includes a good education, good manners, and sound financial literacy. We shouldn't prioritize passing on wealth before passing on sound knowledge. Because without these three, no matter how much wealth we inherit, it will quickly disappear due to a lack of proper management, especially if we inherit crypto assets.
A good, quality education can open up opportunities for a brighter future for them. Before thinking about passing on wealth, it's more important to pass on knowledge first, especially financial literacy, good manners, and how to live life. Mastering these three will take them anywhere in the world; good manners will make them accepted wherever they are, and financial literacy will enable them to create financial freedom in the future.