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Reply to "Want to build generational wealth, share with me business ideas! "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Most wealth is built through one avenue - real estate.[/quote] Buy up strip malls and nondescript apartment complexes. Make sure it's well managed and tenants treated with respect.[/quote] OP has a high salary but somehow doesn't seem to have much in terms of assets. Buying multi unit dwellings or commercial real estate is just a bridge too far. Best case scenario for OP is to cut back on expense and just invest in index funds. I'd try to get the idea of generational wealth out of my head. I don't even know how much wealth is generational wealth? It could mean 1 million to one person and 100 million to another. But that 1 million could also turn into 100 million if your heirs are responsible. [/quote]
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