It sounds so fancy and out of reach, doesnt it?
But at its core, generational wealth is something we all can aspire to.
Its about building a more prosperous future and having something to pass on to your children.
Here are a few ways to start a generational-wealth plan for your family.
And you dont need to be a millionaire to pass on a million dollars.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
We suggest finding a policy through a company likeBestow.
Maybe youve considered this before, but thought it was only for rich or older people.
But were hearing that people are getting it for as little as $10 a month.
But you’ve got the option to create it that way, too.
All you better do is start small and build up your nest egg.
A lot of people use the appStashto start investing.
When these companies profit, so can you.
Some companies even send you a check every quarter for your share of the profits, called dividends.
Its reaching a goal number that will last you through your golden years comfortably.
Yes, hundreds of thousands.
We know it sounds too good to be true.
By using Lendtable, youll be able to unlock that free cash.
If you put $0 in your retirement account this year, you get $0 from your boss.
(This comes from the extra money youve earned, so theres no sacrifice on your part.)
It takes three minutes to answer a few questions about your eligibility and sign up for an account.
What do they have in common?
Many invest in large private real estate deals.
And heres the thing: Theres no reason you cant, too for as little as $10.
You dont have to be the landlord.
Fundrise does all the heavy lifting.
Fundrises Starter Portfolio has a minimum of only $10 and is geared toward first-time real estate investors.
Want to invest more?
Fundrise offers a variety of account levels and features to fit every pop in of investors needs.
Since 2014, Fundrise investors have earned roughly $100 million in dividends alone.
*Past performance is not indicative of future results.
Own Property Any Piece of Property
A massive key to generational wealth revolves around the passing down of property.
You might be picturing mansions or large estates only millionaires could leave their kids in their wills.
That would be awesome, right?
There are lots of ways to make property ownership possible for the 99%.
First-time home buyers are eligible for lower rates and smaller down payments.
Veterans may not need to put any money down at all.
Talk to a mortgage lender and see what opportunities are available to you.
So set a goal of property ownership.
Any sort of property!
Its an incredible and attainable way of creating generational wealth.
For a lot of us, credit card debt is the biggest offender.
But a website calledAmOnewants to help.
Youll be left with one bill to pay each month.
Plus: No credit card payment this month.
It takes two minutes tosee if you qualify for up to $50,000 online.
Kari Faber is a staff writer at The Penny Hoarder.
Shes hoping to set her son up for a wealthy life with the decisions she makes now.
*For Securities priced over $1,000, purchase of fractional shares starts at $0.05.
The Penny Hoarder is a Paid Affiliate/partner of Stash.
Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser.
Bestow Life Insurance products may not be available in all states.
Policy limitations or restrictions may apply.
Not available in New York.
Our utility asks lifestyle and health questions to determine eligibility so you can avoid requiring a medical exam.
Rates will vary based on underwriting review.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
