How to Build Generational Wealth

Being born with a silver spoon in your mouth is usually used as an insult aimed at members of high society families. People born into wealth seemed to have everything given to them since birth, but what many people quickly forget is the sacrifice and hard work that the family's founder went through, to create that lifestyle and privileges. These founders toiled and sacrificed to create something that they can pass onto future generations by creating generational wealth. A common theme amongst every parent is that they all dream of creating a life for their children where they would be happy, healthy and never lack anything. A life where all their needs would be met and fulfilled. This is also what wealth family founders intended for their family and generations to come. To allow their families to have an easier time and to have a better life than the previous generation.
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#GenerationalWealth
Timestamp
(0:53) What is generational wealth, and how is it different than personal wealth?
(1:58) Who has generational wealth?
(3:19) How can you make generational wealth? And how long will it take?
(6:13) What are some of the benefits of having generational wealth?
(7:50) What are some of the potential dangers to your newly built generational wealth?
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DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
- The Audible link is an affiliate link meaning if you make a purchase using the link, I will receive a small commission at no extra charge to the buyer.

[@aronfrasheri8961]

To whoever reading this, never stop chasing your dreams you can do it. Keep pressing and thriving you will make it!! Consistency is the key to achieve your goals

[@albanduro4278]

Who else thinks this forex trading is kinda easy but is way to nervous to start???

[@albertkristensen2957]

Forex trading has left me no choice but to keep investing because it makes so much profit for me.

[@sebastianpedersen2599]

Speaking of forex trading, it’s the best business in the world right now. I know a couple of friends who make a whole lot of money trading the financial market

[@villadsknudsen326]

Demo account is risk free

[@calliesimard1786]

There seem to be an increasing number of beginners who are yet to fully grasp the knowledge of trading well

[@joysoyo2416]

Generational wealth is built on love. Dysfunctional families never have love, nor generational wealth.

[@lambo650ER]

This is a profound and true statement.

[@sleepless2541]

then don't leave your wealth to your family if it's dysfunctional, leave it to a reputational trust instead

[@cboy-ou2hr]

Amen brother it only takes one person to build generational wealth for the benefit of the heirs and intended beneficiaries and it also takes one person to be selfish and narcissistic to ruin it for everyone

[@vitoriamartins6326]

This is actually the best 4 steps to create generational wealth; Step 1: INVEST Step 2: INVEST with the profits gotten from the previous INVESTMENT. step 3: INVEST AGAIN! step 4: keep on INVESTING!

[@frankjohnson6631]

Haha! Funny but true. Although there are other means you could create generational wealth.

[@vce.john1734]

Yup even though my cousin successful owning a business but they bought two or three more homes for rent I hope their houses make them more rich lol.

[@michael029138]

A good man leave an inheritance to his children's children:

[@Jessica-ob9zp]

Amen🙏

[@jumelbautista4746]

Why wait? Teach them now while you are alive to set up a business with your money.

[@JLW667]

0:54 Generational Wealth vs Personal Wealth 1:05 Family Generational Wealth/Family Fortune 4:47 3:59 Growing 4:58 Appreciate Assets 5:09 Trust Fund/Compound Interest 5:52 6:40 Individual Trust Fund 7:25 State Lottery/Grant 8:50 9:34 10:14 4:01 Long Term Investment 5:19 Basic Intrest 5:38 Bonds 5:52 Outside a Trust Fund

[@robertanderson5303]

The philosophy of the rich and the poor is this, the rich invest their money and spend what is left. The poor spend their money and invest what is left

[@nicoloflocco6876]

Forex trading is one of the best investment I've ever made. Three months ago my husband and I had a huge fight about it I said just to give it a try for a few days - we made our first trade and right now we're evaluating a grasp of close to a Million dollars

[@robertanderson5303]

@@nicoloflocco6876 Yes. Starting forex trading as a newbie is a lot like starting an avalanche. The first failure you might encounter is a pain in the butt, but if you get it from the right investment advisor or acct manager, then getting all of the subsequent successes is easy

[@troyfullerton1809]

@@nicoloflocco6876 I haven't met anyone that can help out in my trading, how do I get a stockbroker or portfolio manager?

[@nicoloflocco6876]

@@troyfullerton1809 I will recommend Expert Sara Miller. She is a sincere broker and she has been managing my acct and returning my profits as wellfor a while now

[@chriswilliamson4848]

@@nicoloflocco6876 I'm really surprised you just mentioned sara miller. I've been trading the forex market since 2012, I can say I was a mediocre at best, good months, bad months, and at the end break even or worse. All thanks to my friend who introduced me to her. Now I can make up to $20k monthly, and that is not a joke she really changed everything for me

[@jusrarsh4109]

This is why it’s extremely important to implement financial literacy from age 10 up. Life has it’s tempting poison that will ruin everything.

[@sandragailgaines5731]

just planned the best surprise party for my mom and gave the best speech i've ever given because of this video, thanks for your help the best way to start progressing in life is by saving money, i promise nothing brings the confidence level up like a a good finance believe me!! i'm taking her to hawaii afterwards..

[@donaldlocher2537]

how did you get to this level of success if you don't mind giving a few pointers?

[@sandragailgaines5731]

@@donaldlocher2537 Never let anyone bother you, you make your own calculated decisions and I use a Financial advisor who handles my portfolio . she's the best in the business

[@emilyhowe3359]

do you mind leaving me your advisors info pls i would like to build my dividend portfolio long term?

[@sandragailgaines5731]

@@emilyhowe3359 i can't actually leave details on here, you could do that yourself her name is Nancy Jane Gluck, she's quite known. i found her on a webinar on the F.I.R.E movement , you can search and connect with her on her website.

[@superslyko123]

There is a fine line between giving your kids $$$ and not having them value $$$. My son actually said, "Oh Dad, no biggie ........... just buy another 1!" I grew up very poor & as a result I watch every penny. I've accumulated quite a few bucks, but now I must keep it hidden in order to grow some more maturity into my children. What's more important ........ teaching a man how to fish or the fish?

[@emmanuelonyidon8244]

I once ask myself oh when i my going to make it to the top but now am working towards it so my advice is it so far resilience and focus is the key no hope is Lost for me ❤

[@annaahmed2564]

That is great video thanks for sharing keep up good work

[@sno5241]

It's so much money out there,money shouldn't even be a problem in 2021-

[@Templarswordxx7]

Great vid! Excellent use of time. Thank you

[@jamesjani9330]

LOVE YOU GUYS ❤️❤️ WRIGHT MY BROKER FRED TAYLOR ON WHAT SAPP TO MAKE GREAT RIO IN BTC His what Sapp +1. 3. 8. 5. 8. 8. 7. 0. 1. 6. 1💬 Do well to tell I reffered you to him his strategies are top notch he will help you

[@funekambulawa8802]

So inspirational

[@rentospropertymanagementso4895]

Very informative and educative post. Thank you for sharing.

[@xixi6462]

Health is the best asset. The best wealth. Don't ruin your psyche to earn a ton of money, because you're actually digging a pit for yourself and your family. With a ruined, burnt out psyche you can't create happiness. Why even have money if you're unhappy, unhealthy, addicted to drugs and alcohol?

[@fatai-ayoadeyusupha.2105]

But that shouldn't stop one from making effort to have money

[@xixi6462]

@@fatai-ayoadeyusupha.2105 agreed

[@sincerity3699]

Do you know that nowadays almost everything has to be payed for, so money is very important even for low budget education online you need to pay for the certificate, even religious education has to be paid for, visiting the zoo, park, museum with your family costs money in most counties, and these are not like social activities that are toxic like partying and clubbing.

[@mstr293]

Don't you hate being the first one in your generation to implement this discipline? Thanks a lot, MOM AND DAD!

[@LA_ILAH_ILA_YAHU]

I come from a family that was wealthy and prestigious and lost its wealth, yet my parents became well off by proper investments of my mother. However, I see it upon myself to restore the status for my sisters and our children

[@jamesjoel6609]

Sometimes it's better, when you grow up spoil and dependant you normally end up worthless and clueless

[@carlosfernades1712]

For me the best I have succeeded in forex trading is by trading with a good account manager, I've been able to grow my account to $20,000 within a month under the guidance of a good account manager.

[@hillarysnow7077]

@@carlosfernades1712 Indeed investing with an experienced expert is the best way to get started in the forex market.

[@justinhills3117]

@@hillarysnow7077 Trading with Mr Johnson gave me profits over $24,841 first time my investment.

[@gyanaavaibhav]

Thanks a lot bro love you

[@you-know-who9023]

Ben's gift of 2000 dollars being realised as six and a half million 200 years later appears to have grown at an average of just short of three percent per year. While that was clearly a safe way to invest I am not sure the realised amount would buy as much as the original amount This leads me to think that Ben probably should have shortened his long term investment Maybe after 30 years it would have been enough to build a. citizens park or kick start an education endowment for the citizens which others could also contribute or be invested into a large forest over sixty years with strict conditions that it could not be cleared by city authorities without large compensation. The forest could become sustainable while allowing for cultivation creating high value timber jobs dividend to the public purse an amenity district wild life and a necessary break to urban sprawl Just one idea. I think a long term investment should be ready to start paying dividends in a time period of no more than 50 or 60 years and be designed to only pay out dividends. Great video 👍😀

[@miken4591]

No. The key to generational wealth is the correct values. The founder valued investing because they grew up poor. Their successors will grow up wealthy and therefore not value money or investing. The third generation thus ends up wasting the wealth due to laziness and giving into temptations. Successful families impose a strict of rules on behaviour before successors can inherit. Trusts can help, but control of that trust breeds corruption.

[@donmountford797]

Agreed, financial education, passing on your personal values hopefully allow a 2nd generation of wealth but once your gone, it's unlikely to last forever. Some families do seem to do pretty well 3rd generation down: Waltons come to mind,

[@miken4591]

@@donmountford797 - the Waltons are only 3rd gen now. The wealth seems to dispersing. The Rothhold’s have passed wealth down about 7 generations (I think). Indian families impose strict behaviour and education rules.

[@donmountford797]

@@miken4591 the Rothschilds fortune is largely a myth. They are wealthy but not to the extent people think. There wealth has been largely spread out to a wide array of family. If you look at the annual list of wealthiest people, Waltons still have many of the spots. Partly because in addition to inheriting wealth, they get excellent educations and they get 7 figure salaries in the family businesses.

[@miken4591]

@@donmountford797 - yeah, which shows why long term generational great wealth is just about impossible. The Rothschild's still own businesses which they run. We'll see how well the Walton's are doing in 50 years time.

[@donmountford797]

@@miken4591 well I probably won't be around but they seem to have passe the 3rd generation trend. No it will be the 4th generation to either hold it or lose it

[@wisdom-for-all]

Indeed, build something that outlives you. We are Born To Make An Impact, not to just pay bills and die. Get up, dress up, show up, and never give up 🖖

[@pyschologygeek]

Create a budget. Understanding how you're spending your money and where you can cut back is essential to saving and growing your wealth.

[@dahomesquad]

Thank you for this!

[@vce.john1734]

Majority of my relatives and family members are rich I’m trying to be next to keep it going and they all owned successful businesses but I wish when me and my parents first came to America and California houses at the time were dirt cheap If my cousin and my dad sister got us a house right now I can use that house use for rent then keep growing my net worth right now I would be making 6 figure at early 20s but sadly it wasn’t happening so now I’m hoping to do it.

[@calinescualexandru554]

Good info.

[@modernadulting6857]

Diversifying your investments and your income is vital if you want your wealth to last. That means don’t just rely on your business or your jobs. Own stock, invest in real estate, and establish multiple income streams.

[@lenatoscano4585]

The best decision I ever made in my life was investing in financial market. Trust me guys, it pays!😊

[@martins2375]

You're right! I was able to build a big income stream during the COVID-19 pandemic investing with a professional broker, Mrs Joyce Albert.

[@martins2375]

Mrs Joyce changed my life because of the huge profit I got from investing with her.

[@luistaveras2343]

I'm surprised you know her too. I've been making alot of profits investing with her for a few months now.

[@justinlaw5568]

You trade with her too? Wow that woman has been a blessing to me and my family.😊

[@Springsteen002]

I'm new at this how can I reach your broker?

[@bigbenabalo2]

do this systeme works in other countries too.

[@GD-oz7uy]

Not in Togo where I come from. 😂

[@africanasisitv5222]

@@GD-oz7uy yes is possible in togo

[@virastefaniya2716]

I think that this is much more difficult the more crime and corruption your country has. Like, it will do little good for you to buy real estate if someone is going to show up at your house and night and kill you and your family and take everything you own. It’s unfair but c’est la vie.

[@SmartMoneyAnimation]

If you value the effort it's taking you to build wealth, make sure that its easier for the next generation to do the same. To paraphrase Master Yoda, "Pass on what you have earned!"

[@MichaelWilliams-lo3ix]

Interesting

[@yourmathtutorvids]

This is always something I found interesting - where you want to build enough wealth to provide for your family when you’re gone, but also maintain a balance between providing and spoiling 🤔

[@sprinkle61]

The difference between providing and spoiling is all in the mentality of the recipient. A tiny inheritance can spoil someone with a poverty mentality, and they can blow it all in a month. If you know what you are doing, a decent inheritance can provide everything needed for a lifetime, and even grow in value.

[@terrencemilton5088]

People who think ahead.

[@marcia.mcnicol9534]

👍

[@yogeshsoni5281]

This concept is taken from which book..?

[@peterwoodgate9963]

This is so much grecious I also suggest that Bitcoin trade can make millions in a short time if invested properly with a stock trader.

[@michaellambota9859]

Bitcoin is best archived when there's two individuals in between.

[@logangeorge4530]

Where can someone learn how to trade Bitcoin.

[@Pep325]

What are the easiest ways to get on a successful Bitcoin invest ?

[@aliceabudeen185]

@@Pep325 Dear Invest with a Good stock trader to help trade Bitcoin for you. I invest Bitcoin with Jefferson Lewis.

[@aliceabudeen185]

[phone]

[@tascarter9613]

Have any more question submit me a message

[@joesmith942]

0:19. They really like bread.

[@FancyPeanutButter]

2:13 is that Maggie Smith the Actor?

[@jamesjani9330]

LOVE YOU GUYS ❤️❤️ WRIGHT MY BROKER FRED TAYLOR ON WHAT SAPP TO MAKE GREAT RIO IN BTC His what Sapp +1. 3. 8. 5. 8. 8. 7. 0. 1. 6. 1💬 Do well to tell I reffered you to him his strategies are top notch he will help you

[@mppppp8216]

Matthew 6 Treasures in Heaven 19 “Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. 20 But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. 21 For where your treasure is, there your heart will be also. 22 “The eye is the lamp of the body. If your eyes are healthy,[c] your whole body will be full of light. 23 But if your eyes are unhealthy,[d] your whole body will be full of darkness. If then the light within you is darkness, how great is that darkness! 24 “No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money. Do Not Worry 25 “Therefore I tell you, do not worry about your life, what you will eat or drink; or about your body, what you will wear. Is not life more than food, and the body more than clothes? 26 Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them. Are you not much more valuable than they? 27 Can any one of you by worrying add a single hour to your life[e]? 28 “And why do you worry about clothes? See how the flowers of the field grow. They do not labor or spin. 29 Yet I tell you that not even Solomon in all his splendor was dressed like one of these. 30 If that is how God clothes the grass of the field, which is here today and tomorrow is thrown into the fire, will he not much more clothe you-you of little faith? 31 So do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ 32 For the pagans run after all these things, and your heavenly Father knows that you need them. 33 But seek first his kingdom and his righteousness, and all these things will be given to you as well. 34 Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own. A

[@a111oveWrldWde]

Thank You! ✨😃

[@greatbychoice1044]

Instead of 10 year goal people , should think what part they play in the intergenerational game that way they can do way more than they thought in their life.

[@rcolbert1971]

The Bible says a good man leaves an inheritance.

[@miner4life628]

Proverbs 13:22 😉

[@ahpahcheirevolucian9623]

The Bible says many things that man wrote.elutions

[@shermanmiller3203]

Yezzir!

[@aadnyc01]

Awesome

[@BuhayArtist]

Well, if the bible says that then it must be true.

[@SY-sp8uo]

BY INVESTING. Use your money to make more money. Buy assets not liabilities. 💰

[@iloveprosperity6417]

Bitcoin is a very lucrative way of making money now given it's current increase

[@newyorkangelo600]

Those who have not traded bitcoin are really missing out on good money

[@adamkhoo9456]

I tried investing in bitcoin lately but was discouraged due to it's fluctuation in price and I didn't know how to trade it towards making profit

[@millionairemindset-jayfore1829]

As a newbie that's very expected, i experienced similar difficulties too but trust me that wouldn't be the case if you trade with an expert like Phillip Jones

[@naeem6737]

Yea trading with an expert is a game changer you can make so much profit trading with the right broker

[@jaysoncoutou8028]

My worst investment is playing the Lottery

[@MetalBum]

Step 1. Buy bitcoin Step 2. Hold. And never sell.

[@jamesjani9330]

LOVE YOU GUYS ❤️❤️ WRIGHT MY BROKER FRED TAYLOR ON WHAT SAPP TO MAKE GREAT RIO IN BTC His what Sapp +1. 3. 8. 5. 8. 8. 7. 0. 1. 6. 1💬 Do well to tell I reffered you to him his strategies are top notch he will help you

[@joysoyo2416]

Bitcoin mining is causing global warming and fish cooked in boiling lakes.

[@PracticalInspiration]

This is a subject I've been learning a lot about lately. Thanks for sharing :)

[@octopusvidsforyou9249]

That's is ridcuouls

[@MohitK96]

What the heck. I am getting ads of ponzi schemes on this video

[@earnmoneyandminipc7857]

This was my confirmation, I’m ready to receive

[@philipgerry5228]

A fool and his money are soon parted

[@austinmakos4567]

The biggest secret in profiting from forex is by getting a verified trader who really understands the market to trade for you while you take zero risk of loosing or blowing your love account. Unexperienced and inconsistency kills a lot of amateur traders hopes. I personally earn $12,000 every 7 days trading just because someone who understands the market really well is in charge of my trades. I’m happy to share my success with @Jason_real.fx on Instagram as a reliable and consistent trader. He’s a genius ..

[@MrMinnesotaMac]

Bonds? Really? You're not going to build generational wealth returning 3% a year.

[@Lex41127]

buy bitcoin and never sell

[@ljpal18]

The Vanderbilts, they blew that bag.

[@JadeTrading]

“Don’t quit. Suffer now and live the rest of your life as a champion.” -Muhammad Ali

[@miner4life628]

Here is my secret guys.....🤫 This is the easiest way too. Get you a good a$$ Term/Whole Life Insurance. Insure yourself in the Millions.

[@charlottedale1111]

There is no loss working together investing Stock with Sir Adams, you only win and learn more. Having in mind that this is purely business, he helps you understand that you trade what you see and not what you think.

[@Windarti30]

Many things are as damaging to a trading account (and a trader’s confidence) as pushing the wrong button when opening or exiting a position. It is not uncommon, for instance, for a new trader to accidentally add to a losing position instead of closing the trade. Multiple errors in order entry can lead to large unprotected losing trades

[@andresLK]

@@Windarti30Aside from the devastating financial implications, this situation is incredibly unprofessional and results in losses. I always tell young investors When you trade with a pro you will be able to avoid issues like this. Sir Adams Jay is trusted for making trade improvement.

[@Windarti30]

@@andresLK You are absolutely correct. You know being fully trained to be a professional trader has been a great experience for me trading Forex/Stocks.

[@charlottedale1111]

@@Windarti30 People keep using the election as a excuse to avoid trading because of the current situation of the trading Market but that's not true. Consider this a trading tip I learnt from Expert Adams, my account manager, to be a successful trader you need to think like the banks and not retail traders. Its not always by buying lows and selling highs, you need to have a sound bias before taking any trade. Thank you so much Sir for the insight.

[@andresLK]

@@charlottedale1111 Adams Jay is the best choice for account management and large investment he has made his name through his good works . You can always tell people to connect him for help.

[@cryptozombie4664]

Staying rich is never easy takes years of constant investment . That's why the rich spend like the rich and invest heavily and wisely without stopping while the poor dont make any investment and they use up their savings by spending like the rich.

[@steven.5931]

I'm also interested in forex. I read about a good expert on the New York daily named Mr Haward . He was given an award for his good works and a lot of people are benefiting from his works

[@cryptozombie4664]

@@steven.5931 Mr Haward is my brooker. He handled my investment and it's been a wonderful experience working with him. I can share his whatsapp number if you want so he can help you as well

[@user-id2sc1vo7e]

A good parent leaves an inheritance behind before leaving to meet the creator. Even the bible talks about it

[@cryptozombie4664]

@Luther Alex you can't find Mr Haward on social media. His always busy .

[@cryptozombie4664]

@Luther Alex + 1 76 0 2 8 1 2 1 5 4

[@MJ31579]

Hehe step 1, colonise a country

[@tonywright4361]

Now talk about building generational wealth with safeguards you are anti money and should go away

[@yoyopeaches6539]

Why everytime you talk about going broke in this video, you show a picture of a brown family ....

[@mogatdula]

I noticed that. And the pictures of the wealthy are absent of them too

[@thelondoner614]

Racist.... That is sad. Very Biden ish

[@cryptoflippodcast]

*I don't know who needs to hear this* , you've got to stop saving money. Invest some part of it, if you really want financial freedom. 🙌🙌🙌🙌

[@lucyyu3422]

I used to be save your money kind of person then a friend convinced me to try investing in cryptocurrency. I made a lot of profit so I decided why not put my money to work instead of letting it sit in the bank

[@chunkyenterprise8036]

needed to hear that also see you all over the place

[@petelee2477]

Until I find a completely risk free investment that also keeps up with the price of inflation then I'll pass

[@octopusvidsforyou9249]

I hate it!

[@leewu7745]

The rich gets richer by investing heavily and spending wisely. Cryptocurrency has being very profitable to I'm considering retirement soon. Crypto is indeed the future

[@jongoodman4253]

I Invest in cryptocurrency . They're really profitable right now

[@oscaralleric8114]

Stocks are good too

[@frankpearson4678]

Stocks are good crypto is better

[@thomasgolden1081]

That won't bother you if you trade with a professional like Magret lukem

[@lucyyu3422]

Magret is really popular, I heard that her strategies are really good

[@lenakdutton4822]

Despite the economic crisis, this is a Still a good time to invest in Gold and Crypto

[@hindatugash1918]

The rich spend less and invest more

[@katiewilliams6096]

Investing in these economic crisis will be one of the best thing to do

[@janemartin5028]

You're right I think Gold and Crypto are the best to invest right now☺️

[@pmich5828]

I wanted to trade crypto but got confused by the fluctuation in price

[@kwailau4470]

I heard his strategies are really good

[@shannonhutchinson4084]

The founders toiled and sacrificed? No, the killed and enslaved. They complained and fought for freedom from England then turned around and did worse.

[@mr.thekidd498]

...I want to do it the Joe Biden Way.

[@jdengsky]

Not very useful

[@saifmohanad9841]

just stop give birth