After reading the title, the first question that might pop up in your mind is: Have I created generational wealth? The answer is NO. If I have not created generational wealth, how can I provide advice on building generational wealth? Well, I know how exactly this is done and I am on the same road to building generational wealth.
First and foremost, you need to build skills and knowledge so that you can find work opportunities and build an income source.
When you have a regular income, you can also save regularly. You can save regularly so that one day you can start investing your savings.
While not all investments will give you profits, some of your investments will give you returns. You can continue to compound your profits.
Once you have a sizeable investment, you can use some of your profits to build a business.
Building generational wealth is a 4 step method:
First and foremost, you need to build skills and knowledge so that you can find work opportunities and build an income source.
When you have a regular income, you can also save regularly. You can save regularly so that one day you can start investing your savings.
While not all investments will give you profits, some of your investments will give you returns. You can continue to compound your profits.
Once you have a sizeable investment, you can use some of your profits to build a business.
Building generational wealth is a 4 step method:
- Learn skills and make money
- Save money
- Invest money
- Start a business