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3 Ways To Create And Transfer Generational Wealth To Your Kids Via Properties. - Properties - Nairaland

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How To Increase Your Finances Through Shameless Marketing Via Properties / Building Generational Wealth through Real Estate. / The Key To Generational Wealth (2) (3) (4)

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3 Ways To Create And Transfer Generational Wealth To Your Kids Via Properties. by derwin(m): 4:38pm On Feb 20, 2023
Apart from the Legacy of a good name and integrity, a MUST KEEP Legacy for your Kids is "Generational Wealth" .

When Generational wealth is passed down to a new generation with values they have been imbued with, they assume a stronger sense of responsibility to ensure that they double what and preserve whatever they will pass to the next generation.

Most people think passing down the money in their bank account is the Legacy.

No! Fiat money reduces its value everytime it stays in the Bank. The Purchasing power of your money reduces reduces due to inflation.

What 100k could get you a year ago is far different from what it can get you know.

Wealthy men don't leave their wealth in liquid Cash, they live maybe about 3-5% of it in cash for emergencies, 95% of their wealth stays in Assets and investments.

You really don't have to be Rich, very rich to begin to build your legacy, you can build it now by taking these steps below.

1.
Buy a property for your child in their young age. If you have twins, buy (Properties in their names) you can begin with 1 each or according to your capacity.

It is no Longer news that Tontoh Dike gifted her Son a property on his 6th birthday last year. He was receny allocated and shown his Property this year as he clocked 7.

What T.D has done is set her son financially free for life. The property in her son's name has gained a year's appreciation. Imagine the worth of that property when he gets to age 14 ?

2.
Instead of a children's savings account, if you have several kids maybe 3. Buy a property (according to your capacity) in their names, and place their names on the Deed of assignment as the owners.

There'll be days of temptation to always touch the kiddies savings account when some financial downturn occurs. I've seen most parents think that they can replace the money back, they never do.

Moreover, the Purchasing power of your savings in the back decreases every year. If you managed to save ₦1M in your kids trustfunds this year, what 1M could afford this year, it won't be able to afford next year.

Imagine doing this till they're of age, the funds will be there but will mean nothing to them. Why don't you buy a property that appreciates with the current trends in the market and Location, an asset that gives you more than you put in.

3.
And if you feel you can't do points 1 & 2 right now, number 3 will be the best for you.

Buy a property in your child or children's name as they set off for University. 4-7 years depending on the course they will study, is a good time for the property to yield good Returns on investment.

When they're through with school, take them to the location and show them the land you bought in their names, tell them why you did it. This memory will be enshrined in their hearts, it will inspire them to sustain and surpass the Value chain of generational wealth you have created for them.

With these tips and foresight, you can use Real Estate as a tool to set your children financially free for life. In the course of buying for your kids, you should also think of retirement.

If you never thought it before, you're not late , begin now. Buy Properties at low entry prices and retire on them when the time comes.

In the picture section are some Properties that are strategically located and would give you a huge return on investment in a short while. Want to be like my clients?

Then call or WhatsApp me now via : 07062907130

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