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But thats not what real generational wealth looks like.
Even if your heirs sell the home, it isnt generating income.
Its just sitting there.
These are typically low-risk investments that pay dividends just for being an investor.
If you want to get even more sophisticated, Singh said to look into international ETFs.
Theres higher risk, but also higher growth potential, Singh said.
But thats not the way that you succeed with dividend investments, Singh said.
1, you want to see asset appreciation, which is the growth in the value of your investments.
And then you also want to be reinvesting the dividends that you get.
However, even if you dont have enough saved now, thats something you could work toward.
Theres this real value that you’ve got the option to control.
In addition, owning property entitles you tovaluable tax breaks.
Your Own Business
The third way to create generational wealth is to start a business.
The way to build a successful business is to create a business that can run when you step away.
That means the business is still making $100,000 in profits.
Singh acknowledges that starting a business is not for everyone.
If you hate it, dont worry about this focus on the stocks and real estate.
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