💰 How to set up generational wealth for your family and retirement #shorts

So let's talk about a cheat code that we can do, right, that other parents can do to establish what we'll say one step of generational wealth for their kids moving forward. We got to be aggressive with our savings and more aggressive with lowering expenses. You're going to have over 59 years of compounded interest that is growing and accruing every year tax free. When it comes to retirement, you really have to say, I want to pay my future self, right? I want to be disciplined today in order to live a better tomorrow. But the reality is when you think about your retirement, this is your long term savings accounts compounding more aggressively. So if you're not in an imminent danger of actually necessarily needing this in the short term, there's no reason to actually touch it. What you have time is on your side.

Younger you are is best to actually start. So a person that's in their 20s, if they start investing, putting a few hundred dollars aside every month in 40 years, they'll have well over a million dollars. But the idea is you have to start.

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