7 Wealth Generation Methods for Young People
Generational wealth is the ability to pass down financial assets to future generations. It's something that many people dream of, but it's not always easy to achieve. However, if you're in your 20s and you're serious about building generational wealth, there are a few things you can do to get started. Here are seven tips for building generational wealth in your 20s: Set financial goals. The first step to building generational wealth is to set financial goals. What do you want to achieve financially? Do you want to buy a house? Pay off your student loans? Retire early? Once you know what you want, you can start to create a plan to achieve it. Opens in a new window www.investor.gov Create a budget. A budget is a great way to track your income and expenses. It can help you see where your money is going and make adjustments to save more. There are many different budgeting methods, so find one that works for you and stick to it. Opens in a new window mint.intuit.com Live bel
