Real estate is a fantastic long term investment which makes it suitable to include as part of your family legacy. Have you ever considered what you would like to pass along to the next generation?
In my case, Old MacDonald had a farm and it has been passed along from generation to generation. Passing along income property is a great way to leave a legacy and keep wealth within the family.
Continue reading “Leaving a Legacy With Real Estate” on my blog at BiggerPockets to learn about the real life story of Old MacDonald, and why the long term benefits of real estate make it such a great way to build a legacy.
photo credit: alancleaver_2000
It’s funny how bankers and society is teaching people to make sure their current retirement plan has enough money to last through their golden years. However, fiat money has not expiry date and should last longer than just an individual’s retirement years. There is little emphasis in our current society about a legacy plan or leaving advisors in place for teaching the next generations, but this is what the wealthy families have been doing for many generations. Knowledge and hard assets is what allows their family greater freedom and flexibility instead of being a wage slave. Good post my friend! Hopefully it helps others see the bigger picture and not the current narrow vision that banksters are passing with their kool-aid to the masses.
Happy Investing!
Hi KK, thanks for commenting. Everyone is interested in lining their own pockets so we have to keep this in mind when taking investment advice. Fiat money is worthless in an of itself and with high inflation that will inevitably happen, many people’s savings will lose value. The best stores of value are indeed hard assets, and combined with knowledge these ARE the best things to pass along to future generations.