15 Ways to Create GENERATIONAL WEALTH

Let's see how you can build generational wealth! (Real & Practical)

How to build generational wealth?
What is generational wealth?
How to become generationally wealthy?
How to build multi-generational wealth?
How to create wealth that lasts multiple generations?
How does one create multiple-generation wealth?
How to make sure your kids are rich?
How to create wealth for your grandkids?
What is the best generational wealth documentary?
What is the best generational wealth motivational video?

00:00 - Intro
00:52 - Buy Land
02:12 - Buy Cash-flowing Property
03:30 - Build an Evergreen Business
05:34 - Buy S&P 500
07:55 - Buy. Borrow. Die.
10:35 - Buy & Hold Bitcoin
13:57 - Buy & Hold Gold, Silver and Gemstones
15:43 - Buy & Hold Art or other things people would pay for
16:47 - Never stop earning & Minimize taxes
18:58 - You perpetually compound wealth and knowledge
21:19 - Marry well
22:42 - Mentor your kids to takeover the business or build bigger than you did
23:58 - Set up a trust
24:53 - Allow children to only withdraw no more than 5% per year out of the trust
25:46 - Write a Will
27:21 - Question

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[alux]

Hello Aluxers! This Sunday Motivational video is a valuable beast!

[donaldwayne]

As a fervent investor, I frequently ponder the methods and routes through which successful investors accumulate fortunes in the millions. Despite having a significant starting capital, I'm unsure about the precise strategies or channels that would lead to gains surpassing $400k, akin to those achieved by others recently.

[Awakening_Feed]

15 ways to create generational wealth
1. Buy Land
2. Buy cash flowing properties
3. Build an Evergreen business
4. Buy S&P 500
5. Buy. Borrow. Die
6. Buy & hold Bitcoin
7. Buy & hold golds, silver and gemstones
8. Buy and old art and all things people consider valuable
9. Never stop earning and minimize taxes
10. You perpetually compound knowledge and wealth
11. Marry Well
12. Mentor your kids to take over your business or build a bigger one than you do
13. Set up a trust
14. Allow children to only withdraw 5% of their trust in a year
15. Write a will
***Legacy***

[terrisewell]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life too 🙏🙏🙏

[SteveDutton-v]

Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.

[ashleybarlowe-qk]

As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns

[christopherpaul]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[stephaniestella]

I agree the stock market is a very good way to make passive income. I have heard of several investors who were making more than $40k a month from the market. I'm ready to go into the market now, but I'm careful to not make a mistake. Or are there are safe bets?

[williamyejun]

Successful investing/trading is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

[BateserJoanne]

Getting a head start by beginning early is the most effective way to build wealth, with investment taking precedence. I've learned from last year's experience that starting early allowed me to create a better life through early investments this time around.

[james.atkins]

Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol

[hannahschultz]

Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

[Harperrr.]

Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.

[stevensmiddlemass]

Alux, I overheard someone talk about how he grew his portfolio from $110k to almost $350k during this crash, can you give me proper tips on how to make such aggressive returns in short periods?

[danielwright]

Hey there! Just wanted to remind you that it's never too late to start taking your investment journey seriously. I remember struggling for years before diving into crypto last year. And let me tell you, it completely changed my life! So don't lose hope, my friend.

[glenbert]

This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!

[oneiljerry]

Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.

[theodorerossi]

*Think big, build intelligent plans, work towards them and stay positive.* Investing still remains the smartest way to prepare for the unexpected. I've been investing consistently for 6 years and I am extremely pleased with the returns. For anyone who wants to start;- *it's never late to start.*

[neophyteruss]

LEGACY🔥 I like this debate prompt!! I want my kids and grandkids to craft their own destiny/wealth, BUT I’d use my spoils to support and love them through it. Only because you learn so much doing it yourself/in a team.

My uncles got spoiled from my grandma’s wealth and didn’t make much out of it. They blew through so much without caring about the rest of us, the “obnoxious trust fund babies” you mentioned. I didn’t get to see the spoils of my grandma’s work in my formative years and it taught me priceless lessons about building that I’m sure she went through.

My kids would never know the poverty and strife I did but I want to give them the space to know the joy of crafting, if that’s what they choose. Thanks as always Alux.

[jessicasam]

I'm not in any way kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it, Investing is a long-term game, so I try to focus on the long term.