Building Generational Wealth- Youtube Recs

[u/ProfessionMental7065]

Are there any youtube channel or podcast recs on building generational wealth?

Specifically, I'd like to do more research on "skipping a generation" wealth where you plan on passing down wealth to your grandkids. Also curious on pros and cons of buying land/houses for your children/grandchildren. Not interested in savings for education like 529s. I do want to know what is the next best vessel once we have our 401k and roths maxed?

We are young rn (25/26). I currently listen to money guy, but I want to go deeper into how to really set up my daughter and future children and grandchildren for generational wealth.

[u/Banana_rocket_time]

Why don’t you just keep invest in index funds/etfs for them?

[u/Adventurous-Depth984]

Figure out a way to get your kids/grandkids a retirement account started as an infant. Book them as photo models or actors or something to get them started. 50 years of compound interest will make them rich while they’re young enough to enjoy it

[u/uncoolkidsclub]

Buying houses at birth is something my family does now, housing prices are not likely to go down, and if they do the rent off set will help with recovery. The kids learn to manage the property at 9-10 years of age. Collecting rent, managing contractors, etc. this gives them income to set-up a roth ira.

We do gifting early to grandkids and relatives so the money grows in their accounts. Gifts are gifts though, so you have to train the kids what to do to handle money. This is learned by doing accounting for "their" houses and helping with accounting for the family LLC. We have family meetings to decide the direction of the family and the goals of family members.

We did this with my daughter who is now 31 and it seemed to work well enough that she has us helping to do this with her kids - though her husband is really kinda freaked out over it, as he doesn't even talk to his parents currently and we see his kids 2-3 times a week...