Building Generational Wealth: Where to Start
Planning for your financial future and the legacy you leave behind can feel overwhelming, but it doesn’t have to be. Whether you’re thinking about passing down a home, a business, or other valuable assets, the path to building generational wealth starts with clear communication and strategic planning. In this episode of Banking Matters, banker Ajla Zigic breaks down the essential first steps to securing your legacy for generations to come.
Key Takeaways:
Get Professional Support: Institutions like Midwest BankCentre offer experienced advisers who can guide you through every step of the process.
Start with a Conversation: Talk with a trusted adviser or banker about your future goals and the best ways to achieve them.
Create a Plan: Work with professionals to map out a strategy tailored to your vision of generational wealth.
Understand Your Options: Generational wealth can take many forms—real estate, family-owned businesses, or investment portfolios with succession plans.