Investing in your family’s education, particularly early education, is crucial to sustaining wealth. Raising financially educated, independent adults is the only path to securing a legacy that lasts more than a generation.
Investing in the stock market over the long term is the most proven approach to building a large source of wealth that doesn’t require the amount of work necessitated by managing real property or a small business.
Investing in real estate can be profoundly beneficial to establishing long-term wealth. However, this strategy is not without its challenges. While most investment property assets appreciate over time, positive cash flow from rental income provides the most opportunity for investors.