Original archived Re: Ensuring generational wealth
Scraped on 25/07/2025, 15:37:21 UTC
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.
Even if my efforts end up in vain, I would still rather try my best and give my kids the best possible life they can achieve. I want to be able to make sure at least that they can live a comfortable life even when I am gone. Some parents don’t leave anything at all for their kids so when they pass away sadly unexpectedly, the kids suffer.
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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.
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I get that. I would wish to leave a fortune but also knowledge. I don’t want to just leave money and let them go. I want to make sure that I have raised them well to the best of my abilities.