What is generational wealth?

Generational wealth refers to passing down assets from one generation to the next. Before you can build generational wealth, start creating a strong financial foundation by prioritizing savings, growing an emergency fund, and thinking through future plans.

How do I build generational wealth?

Before you can build generational wealth, start creating a strong financial foundation by prioritizing savings, growing an emergency fund, and thinking through future plans. Generational wealth can provide long-term financial security and open up opportunities for your children and beyond.

Do you have a strategy for generational wealth?

Having a strategy will get you on the road to generational wealth, but you need consistency to keep you there, Lee says. He suggests deciding how often you're going to contribute to your investing goals and automating contributions to your investments or retirement accounts.