6 Ways To Start Building Generational Wealth for Your Family – GOBankingRates

The pandemic proved that those most likely to thrive through unforeseen challenges are not people with strong savings, but those who have money coming in from more than one place. That’s the kind of financial security that’s well-positioned to survive the generations. 

“Young people should strive for multiple streams of income so they’re not reliant on one source of income,” said Xavier Epps, finance expert, Amazon #1 New Release author and founder of FinanceGuyX. “Young people have more skills and access to resources today than older generations — they can turn their hobbies into side hustles that can supplement their income. If their side hustle does well, they can consider leaving their 9-to-5 job and become a full-time entrepreneur with more control of their financial growth.”

Get Started: 22 Side Gigs That Can Make You Richer Than a Full-Time Job


Source: https://www.gobankingrates.com/money/wealth/6-ways-to-start-building-generational-wealth-for-your-family/