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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]you really should focus on building wealth for yourself rather than building generational wealth. you have a lot to learn. [/quote]

+1 
Focus on maximizing your wealth via your current job. Max out TSP, backdoor Roth, and put extra money in a brokerage account. Invest in at least 80% stocks. A salary of 200k should be more than enough to be set up for retirement and leave your kids several million (assuming you don't have very bad luck). You can absolutely start to create generational wealth, but it will require your kids and likely grandkids to be smart/disciplined with their inheritance. You basically need time and heirs who are responsible. Compounding returns is a powerful thing![/quote]

OP here - I am already doing this I have educated myself and will educate my children. I started as a GS9 honor attorney and during daycare years I wasn’t maxing out.

I may be using generational  wealth wrong - even if I continue to do this on my 200K salary, I won’t have enough to help kids with a down payment, to give them cars, and to fund my retirement, to maybe have 529 for my grandchildren. No one did this for me and every progress was basically a step back.

To the previous poster I probably need to increase my salary way above what I make now to invest in brokerages. But I would be more comfortable with a business that fails than a new job that could let me go in 2 months? I guess that’s where I am coming from.

[/quote]
Stop the excuses, OP. I did it all on minimum wage. My kids don't have to work past age 30. They will simply manage family money. If you do it yourself, your return can be as high as 100%+. Mine has been that last two years in tax free account.
I did get a finance degree, but it has been useless as I retired soon after. I have a knack for money and got better and better at it.[/quote]

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