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.
Generational wealth start from one risk taker, the risk can be legitimate one, it can be the one with luck, it can be the one with opportunity and it can be the one that involve crime. I have always have this believe that no person on earth with massive amount of wealth today comes easy. For instance, you are able to buy and hold Bitcoin in 2012 to now and you have about 100 btc and sold it today, that's legitimate with opportunity because not everyone had it but it takes dedication to hold that amount of money to now.
There are people today with generational wealth and when you do diggings about their wealth, some are from politics. They loot public funds and kept some overseas for their great grand children to enjoy later and this wealth is passed down from generation to generation. There are some that comes from illegal activities to that you can ever think of but all of them are categorized into generation wealth, there is nobody in earth that has it easy both legit and illegal.