There is no single formula for generating generational wealth, but there are a few basic principles that can help put you on the right track.
The most important factor is to start early and save regularly. Investing your money in assets such as stocks, bonds, and real estate can provide the potential for growth and stability over time, which can help you build your wealth portfolio.
It's also important to be mindful of your expenses and live within your means. By creating a budget and sticking to it, you can free up more money to save and invest.
Finally, it's important to have a long-term outlook and be willing to make sacrifices in the present in order to achieve your financial goals for the future. If you can follow these basic guidelines, you'll be well on your way to creating generational wealth for yourself and your family.