Jenna-Rose Finnie

To build generational wealth, invest whatever you can, be wise with your investments, really dig into what you're investing in, and know what you're investing in. Even if you are working with a financial advisor, I encourage questioning everything. Think, "where is my money living"? A lot of financial advisors these days are using mutual funds and ETFs. You could pop some of those ticker symbols into Yahoo Finance or Morningstar and see what that holding spread really is. Again, making sure you know what you're invested in. And make sure it's you're dealing with ethical companies, things that have, you know, some longevity, and although you can never guarantee anything, look for places to invest that offer some real demonstrated growth.

Also, if you find yourself in a position to start putting away some wealth for the next generation, make sure you're properly utilizing trusts. Different investment accounts can live within a trust, and you can clearly iron out who gets what amount at what time and specify things the way you'd like. You can create a clean, customized legacy that way.

First off, you just need to start! Know your numbers–have a very clear idea of what your financial data is. Then, you need to pull a surplus. What is the most you can save from each paycheck? Are you in a position where you can comfortably go into grind mode for a little bit? What I mean by that is, can you dedicate a period of time in your life where you are really just working on building wealth? I can't stress the beauty of a high-yield savings account enough. Be smart about where your money lives. Make sure any account you're using is FDIC-insured. One more note: if you're the type of person who has a hard time not spending your savings when you have them, you might consider CDs so that your money is locked up. That way, you can protect you from yourself.

Outside of being in a grinding, savings-oriented mindset, you have to think about yourself as a human and what works for you. Some people work really well with a specific goal in front of them; for example, "I have to save X dollar amount every month". I would always recommend saving for at least 20% of a downpayment, so you don't have to deal with PMI. And just start to chip away at that.

However, there are other people who don't operate very well like that. For example, they might look at this concrete numeric goal consistently and see it as a reminder that they're "failing" for not having achieved this goal yet.

If that's you, I would say to keep grinding and saving, but take a look at different money milestones. Check in with how it's going maybe once a month, or every two months. How much have you saved now? What door does that open for you? And let yourself get high on the wins! Maybe after a couple months, you have 15K in there. Then, look in your area. Where could that get you? It might not be your dream home, but maybe you're now in a place where you could get a house somewhere in your area. That's exciting! A new door has opened. You could then think, how much more can we grow this? Let yourself get really excited about each step along the way.

Coaching is a great way to make money online from home. If you are savvy with social media, you can get gigs online doing social media management or marketing in that field. Same concept with graphic design, web building, any online skill you possess. I'm also seeing a big need for virtual assistants. That's an easy one to get into, and that doesn't require a lot of background knowledge or education. Same with bookkeeping. I could go on forever – there's a ton of different jobs you can do online if you go looking!

Everybody has a skill that they can get paid for. For example, Rover is a great app for dog walking. You can advertise skills that you can complete for others on TaskRabbit. Depending on your skill set, you might be able to find something on there easily. You could put a service up on Fiverr and be able to do gig work that way.