One of the things that parents care about most is making sure that their children are taken care of. That means caring for their children, physically and emotionally.
Part of caring for your loved ones is making sure that they have the financial resources they need. Building family wealth is one way that you can provide that for your children and loved ones.
When you build wealth for your family, you give your children a head start in life so that they don’t have to start from zero. This goes beyond money, but money is the best place to start.
The most basic form of generational wealth is money. That can be in the form of simple cash or other valuable assets, such as a car, home, or investments.
Support systems don’t strictly require that you have a lot of money to give to your kids. Simply being there and being willing to help can help your children get a leg up in their financial life.