People throw around the term Generational Wealth, but many people do not know what it means.
Generational Wealth represents assets passed down from one generation to the next. If you can leave behind a notable inheritance to your descendants, that constitutes generational wealth. … People who inherit generational wealth have a significant financial advantage over those who do not.
This segment of VOICES of East New Yok with Nikki Lucas, featured 33 year old entrepreneur, real estate investor, and owner of GenerationalWealth.org, Vernon Jones, Jr., talking about how and why he purchased a mixed use building in East New York. He also explained the 7 Principles of Generational Wealth.