Generational Wealth and Real Estate can go together very well. Mark Twain said “Buy land, they’re not making it anymore.” This is a great reason as to why real estate should be at the top of your list for building your assets.
Investing in real estate can be a great way to start your Generational Wealth. A great example would be a multi-unit home like a duplex or triplex, you can make money from it and have it pay for itself as well! Land may also be a sound investment. Towns and cities are growing, houses, shopping centers and factories are being built. Land that is inexpensive now may sell for a lot more in the future. Of course this is subject to the world changing and having professional advice is always a good idea.
These assets you pass down can create a good life for your children, grandchildren and down the line; but just building up the wealth is not enough. When inheritance is passed down it is easy for descendants to spend a big sum on things they want and not have interest in investing that money to make more money. Instilling good values on investing, spending and saving is a very important step in creating this Generational Wealth
Building your Generational Wealth can start with you and your first Income Property! Find Yours Here!
Investing in real estate can be a great way to start your Generational Wealth. A great example would be a multi-unit home like a duplex or triplex, you can make money from it and have it pay for itself as well! Land may also be a sound investment. Towns and cities are growing, houses, shopping centers and factories are being built. Land that is inexpensive now may sell for a lot more in the future. Of course this is subject to the world changing and having professional advice is always a good idea.
These assets you pass down can create a good life for your children, grandchildren and down the line; but just building up the wealth is not enough. When inheritance is passed down it is easy for descendants to spend a big sum on things they want and not have interest in investing that money to make more money. Instilling good values on investing, spending and saving is a very important step in creating this Generational Wealth
Building your Generational Wealth can start with you and your first Income Property! Find Yours Here!
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