Generational wealth comes from buying assets during market crashes, which means keeping cash ready. Pick one or two investment strategies and execute them consistently instead of getting paralyzed by trying to master everything. Most people waste more time on tax optimization than they'd gain back.
That is where generational wealth is created, is on the worst day of the market, be a buyer. And the way to do that is to have that war chest. The other thing that I like to tell people is that there are a million ways to get rich. All you have to do is pick one, max two, and then just execute. And when I talk to people about why they don't feel good about their personal finances or why they never get started with investing, it's because it's overwhelming. The information is too overwhelming. You're supposed to have real estate, you're supposed to have crypto, you're supposed to have stocks, you're supposed to have life insurance, 401(k), you need a shell corporation and a trust. And it sounds so complicated that nobody ever gets started. And the fact is, look, most people will spend more time trying to avoid taxes than if they just reinvested that time into making money in their primary business, they would actually come out ahead.
