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.
What if I told you that those kids won't even look at those wealth but plan to build their own for their own kids too?
What if I told you that it's only the owner of a property can protect his wealth more better than anyone else will do.
What if I told you that if those kids are not properly trained and groomed to think wealth, they'll sell off all your property and wealth when the owner is gone to eternity?
This saying that building wealth for your kids do not really make sense to me because the kids has a different purpose too in life which they may not even have time for their parents left wealth.
I came from a wealthy family, I'm currently an orphan but my dad's wealth is not even my priority, although, it's serving us the moment bringing food to the table but it's not my major focus.