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[quote=Anonymous][quote=Anonymous]We have 3 kids, school age and are in our mid to late 40s. We have a net worth of a bit under $40M, all self earned. I would not call that generational wealth. I think you would need hundreds of millions to be generational. [/quote] Well, no of course it is not generational wealth because you earned it. It wasn’t passed down. You however have the potential to do the right thing and create generational wealth for future generations if you are smart about managing your money and set up trusts, etc. Where it is 1 million or 100 million has nothing to do with it.[/quote]
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