3 Steps to Build Generational Wealth

[Mika]

Here are some quick ideas:

Build multiple passive incomes: In order to build passive income, you will have to work really hard, and you will have to spend a lot of time and effort, however, it comes rewarding when it begins to build your income even when you don’t spend a lot of time to run or manage it. You need multiple passive income sources, which can come from investment or a business.

Invest in what you know: Your investment will work when you know where you have invested. You should know the business where you put your money. For instance, if you know pharmaceuticals, invest in pharmaceuticals, but don’t invest in agriculture unless you know agriculture.

Mind your own business: You might earn well if you work for companies, however, why should you use your productivity, creativity, time, effort, knowledge, skills, and expertise for other when you can use it for your own business. Therefore, start your own business.

 

[Augusta]

Building generational wealth is very possible if you research and find out the right tips we can adopt to achieve it. One good tips that you can adopt instead is working saving and investing the money you receive monthly as either the wage or your salary.

it is through investment that new money can come into one's pocket or one account when once you invest and you make some profit it is time to put it into work which will bring wealth like investing in real estate this is one way you can make passive income whereby you keep on stately collecting rent year in year out.

You can also make generational wealth by having your own company being self-employed will afford you the opportunity to work to your maximum capability which will help you create more money which you can also invest in another company and more money will come in and this is one way you can build your wealth.