I know you’ve read a lot about creating wealth, what if you’ve had it all wrong? Don’t put money where it is dormant, create generational wealth, it’s just a piece of advice and a reminder to think long-term when it comes to managing your finances. It suggests that instead of simply saving or investing your money in traditional ways, you should focus on creating opportunities for wealth to grow and multiply over time.
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I am left with the puzzle, this prompts me to ask myself occasionally, what business or conglomerate do I want to leave for my children? “A good father leaves an inheritance for his children.”
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One way to create generational wealth is by investing in assets that appreciate in value, such as real estate, stocks, or businesses. By investing in assets that have the potential to increase in value over time, you can create a source of wealth that can be passed down to future generations.
I know you might ask how do I get the capital for these investments, well, most people who started, built from the bottom/scratch, what excuse do you have? This is not a motivational post. so, start small, start with very little in your hand.
For instance, if you start a business that provides a valuable service or product to your customers, you are not only generating income for yourself, but also creating jobs, stimulating economic growth, and potentially improving people’s lives. Do you understand what I mean?
Money is the medium for the exchange of goods and services, so, what are exchanges to make money and more money?
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Another way to create generational wealth is by starting your own business or investing in the businesses of others. By creating or investing in a successful business, you can create a source of income and wealth that can continue to grow and be passed down to future generations.
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The good news is you can start without a physical shop, your house or someone else’s shop can be your starting point (drop shipping) find a product the right product and find a wholesaler. The internet is your friend! I can’t really go down on all the processes, but you can start today, like right now lol!
Ultimately, the key to creating generational wealth is to focus on creating opportunities for wealth to grow and multiply over time, rather than simply storing your money in a dormant account. By taking a long-term approach and investing in assets that have the potential to increase in value, you can build a lasting legacy of financial prosperity for yourself and future generations.
If you don’t push money out, you won’t grow! The fear of getting it wrong has left many in the same spot. That 100k in your account ask yourself how do I multiply it? I know it’s easier said than done, but then what do you want to do about it?
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