How do you build generational wealth?
View hidden commentThis post was sourced from submitted reader questions and posted by wikiHow Editorial Staff.
Expert Comments
Here's the key: Be consistent and reinvest.
When my husband and I started, we had regular jobs and saved diligently for our first down payment. Many people make the mistake of stopping those saving habits once they buy their first property. You need to continue saving while reinvesting everything your property earns into more real estate.
We’ve never spent a single dollar of our real estate income on personal expenses—it all goes back into building our portfolio. This disciplined approach allowed us to grow a substantial real estate portfolio in under a decade. Real estate is a marathon, not a sprint. Focus on long-term gains and reinvest consistently.
View hidden comment
When my husband and I started, we had regular jobs and saved diligently for our first down payment. Many people make the mistake of stopping those saving habits once they buy their first property. You need to continue saving while reinvesting everything your property earns into more real estate.
We’ve never spent a single dollar of our real estate income on personal expenses—it all goes back into building our portfolio. This disciplined approach allowed us to grow a substantial real estate portfolio in under a decade. Real estate is a marathon, not a sprint. Focus on long-term gains and reinvest consistently.
What’s on your mind? Ask anything.
Get advice and feedback from experts and wikiHow readers just like you.