Generational Wealth
Generational wealth is anything with monetary value that is passed down from one generation to the next. This can include property, money, investments and businesses.
The concept of building generational wealth is easy. You just have to acquire assets or save cash that you don’t intend to spend in retirement and then you pass those assets along to your younger generations.
If you are able to leave assets ( e.g. an inheritance), then you are contributing to the growth of generational wealth in your family.
Here in TNB our aim is to hold accounts for a family at all ages and stages in their lives meaning we can service through the generations. By exposing younger generations to money and the responsibility it brings early, is crucial in preparing them for a lifetime of managing wealth.
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