How to Build Generational Wealth

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You may have heard about generational wealth, and it kickstarted your imagination of creating a wealth machine so large that generations of your family live a financially secure life.

What is Generational Wealth?

Generational wealth is accumulated wealth through inheritance, savings, and income from investments or business ventures.

How Do I Build Generation Wealth?

Make sure your finances are in good shape. Take care of your debt payments and save regularly.

Start Now

This means investing now to receive later benefits. Investing early gives you the advantage of time.

Save Early & Often

The more frequently you save, the higher your returns. It is recommended that you contribute 10% of your salary towards retirement savings.

Maximize  Social Security

When you reach full retirement age (age 66), you can increase your monthly social security benefit by 36%. In addition, you could also change your beneficiary designation.