GENERATIONAL WE A L T H , UNDERSTANDING WHY
Words by Samuel Vega Jr. Entrepreneur, Real Estate Investor and creative writer, he knew at a young age that there had to be more than traditional education.
A wise man once said, “Instead of buying your children all the THINGS you've never had, you should TEACH THEM all the things you were never taught. Material WEARS OUT but knowledge stays.” That wise man was Bruce Lee, who was well known for being a master in his field of Martial Arts. Although Bruce Lee was not a financial guru, he knew the importance of educating the youth for the future. Generational wealth is created with this type of thinking. The definition of Generational Wealth is described as “ The passing of assets by one generation of family to the next generation of family. Those assets can include stocks, bonds, real estate, business, wealth, investments, or anything of monetary value.” The intangibles such as education, values, morals, ethics, and habits are not listed but are equally important to not only creating, but growing, generational wealth. In order to create such a legacy we have to understand why Generational Wealth is important and the challenges that come with it. Many parents live to give their children the things they never had growing up while working endless hours to make sure food, clothing and wants are met for their children.
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