Generational Wealth Ep 12

<p>In this episode, our hosts discuss the hot topic of building Generational Wealth.&nbsp;</p> <p>We have a burgeoning middle class in South Africa. We call it the Soft Life. But what Covid revealed is that a lot of that lifestyle was living in debt. Yes, it is okay to take out a loan from the bank. But what is important is that you spend the money on assets that accumulate value over time.&nbsp;</p> <p>Wealthy people have a long-term game plan of creating wealth. Wealth is created within a system. Not everyone has to hustle. Some people will have inheritances that take care of their lifestyles and everyday needs because the generations before them built businesses or trusts that would benefit them in the future.&nbsp;</p> <p>The lesson to take away is that generational wealth is built over time. That requires long-term thinking and long-term planning. It is also important to note that the right partnerships and collaborations go a long way when building a business that will stand the test of time.&nbsp;</p> <p>The good news is that we all have the opportunity to start building wealth for generations to come. The internet makes it possible for you to build a family business. Most wealthy people started with a family business. So ask yourself, what is it that you are doing right now, that will make your children and your great grandchildren's lives easier in the future.</p> <p>#TheMoneyFinancePodcast #GreyJabesi #DjSbu</p> <p>Social Media</p> <p>https://themoney.finance/</p> <p>https://www.facebook.com/themoneydotf...</p> <p>https://twitter.com/themoneyfinance</p> <p>https://www.instagram.com/themoney.fi...</p> <p>https://www.instagram.com/djsbulive</p> <p>https://www.instagram.com/greybtc</p> <p>DISCLAIMER – NOT FINANCIAL ADVICE</p> <p>The website cannot and does not contain financial, tax, investment, or legal advice. The financial, tax, investment, or legal information is provided for general informational and educational purposes only and is not a substitute for professional advice. Accordingly, before taking