4 smart habits that help create generational wealth - Business Insider

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You have to build wealth in order to pass it on to the next generation. The most straightforward strategy for doing that is by paying yourself first, they say

," where they explain how families can build a legacy of prosperity.

Put another way, it's the choice to save a portion of your income before allotting any cash to non-essential expenses. Grant Jr. said they often ask their clients to create a short wishlist of big-ticket items or experiences they really want. If they come across something that isn't on the list, they probably shouldn't buy it.

There are smarter ways to build and sustain wealth than working a 9-to-5 and socking away a percentage of your salary.

 

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Except when there is no 'next generation.'

90% of news about covid and trump

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