The financial education offered at school often doesn’t focus on wealth creation or strategies for building generational wealth and if your parents didn’t chat about wealth creation at the dinner table, chances are when you reached adulthood or got your first job, the concept of saving and investing was intimidating. It’s important to remember that these challenges are very common. Fortunately, there are practical solutions available, not only for us but also for future generations.

In this episode of the Private Lens, author of ‘Millionaire in the Making: Building Generational Wealth by Investing Wisely’, Laurens Boel, shares strategies on how to grow different streams of income and get a start in building generational wealth. Let's face it, one income stream can be very risky. Standard Bank’s Head of Client Coverage Private Banking SA, Marcel Topandas, weighs in too with practical tips on how to go about creating generational wealth.