Knox builds generational wealth. We all love our families. For most people, creating a family is one of life’s most important accomplishments. Getting married, having children, and buying a home are all pivotal milestones in our lives.
Of course, the financial aspect of this largely revolves around real estate.
It shouldn’t be surprising to note that purchasing a home is a cornerstone of family-oriented goals. The home becomes a base for your family: it’s where the kids grow up, where memories are made, and where the seasons – and years – pass us by. Homeownership and family go hand-in-hand… and there’s more to this than just sentimental value.
Investing in real estate is one of the most popular methods for building generational wealth. Real estate properties offer a high return investment opportunity that can continue benefiting your family for years to come.
If you’re interested in learning more about homeownership as a high return investment opportunity for building generational wealth, this article is for you. The experts at Knox Financial are breaking down generational wealth, why it’s important, and how our team can help you get started with a high return property investment.
Generational Wealth Explained
If you’re unfamiliar with the term “generational wealth,” you may be wondering how this is different from traditional wealth.
Traditional wealth is wealth that you personally deal with while you are alive. Think of it as personal wealth – it’s what you produce for your household. It’s for you and your family, but at the end of your life, traditional streams of wealth cease. Without you, your family no longer has access to your personal, traditional income.
On the other hand, generational wealth refers to sources of lasting income that are inherited by your descendants. The funds don’t stop after your lifetime. They continue because they are based on investments or other opportunities that did not depend directly on you.
See the difference now? When you build generational wealth, you’re supporting your family even after you’re gone. Your descendants will benefit from the financial wealth you created during your lifetime.
3 Benefits of Generational Wealth
Generational Wealth Helps Your Family Live Comfortably
You don’t have to worry about your family struggling down the road. Whether it’s your children, grandchildren, or even great-grandchildren, well-managed generational wealth can continue supporting them for years.
Having a dependable source of income will help your family live comfortably and take care of their needs.
Increased Access to Capital Creates More Opportunity
There’s a popular investment phrase that says “generational wealth begins with you.” Your decision to invest in generational wealth can set off a domino effect. Since your family won’t need to worry about covering their basic needs, they’ll naturally have access to greater socioeconomic mobility.
They’ll be able to invest in new streams of income and continue building the family legacy – creating more opportunities for generational wealth.
Building Generational Wealth Can Start Today
Knox builds generational wealth. Don’t think that you’re already too late to start establishing a lasting source of income for your family. The best aspect of building generational wealth is that you can start today.
If you want to reap the benefits of generational wealth but are unsure where to start, consider investing in real estate properties. Real estate is a high return investment option that can easily be transferred over to your descendants. Try the Knox property calculator.
Real Estate as a High Return Investment for Generational Wealth
Homeownership is one of the most powerful routes for building generational wealth.
Since real estate assets are resistant to change, choosing property investment for building generational wealth is safe and reliable. Real estate is known to be one of the most stable high return investment options. While the years go by and the property value rises, your family will also be building equity on the property.
Not only does it give your family access to a high return investment asset, but it also provides them with a tangible fortune: a home.
Your family members can either live there themselves or list it as a single-family investment property – adding the additional benefit of passive rental income. Besides equity and property value, renting out the home provides even more financial support.
How Knox Can Help You
Ready to start building generational wealth through homeownership? Let Knox Financial set you and your family up for lasting financial security. Working with Knox revolutionizes the experience of owning and operating a real estate investment. Our seamless system lets homeowners effortlessly unlock a stable source of generational wealth.
Say hello to frictionless homeownership with Knox Financial. Visit our website to learn more.