00:04Generational wealth is something that can give your descendants a big leg up in the world,
00:08so how do you accomplish it? Market Watch says by definition, generational wealth is
00:13being able to pass down assets, whether that's real estate, stocks, or a business to the next
00:17generation to inherit. It sounds hard to achieve, and the site says it's harder to keep, as it
00:22points to research showing that 70% of families lose that capital within a generation. Clever
00:28Girl Finance suggests investing as a way to build that generational wealth, from putting money into
00:33the stock market and or adding real estate to your portfolio. The site also recommends starting a
00:38business, but says that to help make sure that it stays in the family, it's a good idea to get
00:43your
00:43kids involved in it at an early age so they can feel more invested and protective of it. Market Watch
00:48says that besides building up that generational wealth, you should make sure you keep it too by
00:53setting up a will and making sure it's kept up to date. The site says it's also important to name
00:57beneficiaries for your financial accounts and life insurance policies too to keep it within the
01:03family.
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