Connect with us


Jack Skipp Shares 5 Investment Habits That Create Generational Wealth

Generational wealth refers to any form of asset that a family passes down to its children or grandchildren. Entrepreneur Jack Skipp shares five investment habits that will help families leave behind a notable inheritance for their descendants. Let’s delve.

Invest in good stocks

Skipp points to the appalling fact that over seventy percent of ‘rich’ families squander their assets in the second generation. To prevent this, Skipp advises families to invest in stocks. He explains further, “If the stock market is not your thing, then go for mutual funds. You will benefit from instant diversification without carrying the risk of exhausting huge money on a few stocks which may or may not give you good returns.”

Invest in property

Skipp shares that investing in real estate opens doors to steady cash flows and increasing monetary values over time. For those who find investing in property daunting, Skipp has a golden piece of advice, “Real estate business is not a rich man’s thing. You have already entered the world of real estate if you have bought your first house. Now, all you need to do is continue to invest in real estate – brick by brick – throughout your life. And before you know it, you might be surprised seeing your property portfolio grow so quickly!”

Start a family business

Family businesses make room for huge success in creating generational wealth. Over thirty-two percent of family-run enterprises transition to their second-generation heirs. Imagine being able to transfer the ownership of a successful business to children.

Children’s education

Skipp likens this investment habit to that of nurturing plants. He says, “Thinking about fruits won’t turn a seed into a full-blown tree. Fruits happen when you look after the seed, put it in fertile soil, and water it regularly. Similarly, when you invest in your child’s education, it helps your child to blossom into a skilled and capable human being for whom job and money will not be an issue. Besides, in the process, one develops a stronger connection with their kids.”

Life insurance

Let’s face it – the breadwinner’s untimely death can force his children into financially stressful situations. Investing in life insurance is therefore important to prevent financial tragedy to the family.

Skipp creates YouTube videos about investments, traditional markets, commodities, and cryptocurrency for his large subscriber base. Given his experience and knowledge in wealth generation matters, Jack Skipp’s advice is well worth considering.

Karishhma Mago is a former investment banker turned digital marketer. She has been in the digital marketing industry for over 6 years and has worked with clients across different sectors including Volkswagen Finance, Natera, Reliance, Standard Chartered amongst others. She has also done special content projects for Facebook. Karishhma is also a Wikipedia editor and has created over 300 pages for her clients. After founding Facilius Inc in 2014, she has helped grow the company from a two-person team to a dynamic team of 30 people.

Advertisement Become A Crypto Expert

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

Meatsmith Team Snowboard Canada Meatsmith Team Snowboard Canada
Press Release21 hours ago

Beijing 2022: Grass-Fed Beef Protein Bar Meatsmith Partners With Team Snowboard Canada

Meatsmith – Official Partner Of Team Snowboard Canada For Beijing Olympics 2022 Toronto, Ontario – Meatsmith is proud to announce...

Disrupt Prime Video3 days ago

Top 3 NFT Projects under 1 ETH | NFT Disruptors Podcast

A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger. NFTs can...

NFT7 days ago

Polly Kole, The Beauty With Gifted Hands Tycoon Of NFT Sculptures

In a society full of stereotypes, people clinging to appearance and disregarding one’s achievements is the magnificent Polly Kole stunning...

News4 weeks ago

Spider Man; No Way Home’, Crushes Box Office Estimates Generating A Mammoth $253 Million In North America.

After only 3 days in the cinemas, the latest and last Spidey outing disrupted the international market as the highest-grossing...

Cryptocurrency1 month ago

Nike just bought a virtual shoe company that makes NFTs and sneakers ‘for the metaverse’

Nike, the sportswear mogul, recently stunned the globe as it moved into the realm of the metaverse industry and blockchain...

QR code screenshot QR code screenshot
Diversity in Tech2 months ago

BTC did 62% more in transactions than PayPal this year

MasterCard and Visa have always topped as the runaway leaders; however, Bitcoin’s Lightning Network will soon disrupt this norm. Starting...

high angle photo of person holding turned on smartphone with tall buildings background high angle photo of person holding turned on smartphone with tall buildings background
Social Media2 months ago

How to Organically Grow Your Social Media Following In 2022

Instagram On Instagram, use Reels to reach new audiences and grow – find popular sounds and use them in your...

gold-colored Bitcoin gold-colored Bitcoin
Cryptocurrency2 months ago

Julio Domenech On How Banks Can Engage In Bitcoin in 2022

As cryptocurrency continues to become a popular trend in the US, many people are looking for an opportunity to participate...

Diversity in Tech3 months ago

Microsoft Teams, Incorporating New 3D Avatars And Virtual Meeting Spaces Before Mid 2022

Microsoft Mesh has always led as the future of Microsoft Teams meetings. However, Meta, the newly launched Facebook company, is...

Health + Fitness3 months ago

Stephen Campolo – How A Former Fat Kid Transformed His Body And Is Now Helping Others Do The Same

UPDATE: During a recent interview with Yahoo! News, Stephen revealed that he will be speaking at the next Disrupt Puerto...


Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.