To build wealth that can be passed down through generations, getting out of debt-- and staying out of debt--is very important.<br />On the other hand, Business Insider personal finance contributor Jannese Torres-Rodriguez argues increasing your income is just as important.<br />It's not always possible to find jobs that progressively pay more and more. But side hustles can serve that purpose instead.<br />Torres-Rodriguez says her side hustles now bring in roughly $100,000 a year, and she uses it in three ways to build generational wealth.<br />She first accelerated her own retirement savings. Then, she helped her niece with college, so she doesn't have to leave school burdened with debt.<br />Now, it gives her enormous pleasure to be helping out her own beloved parents through their golden years!
