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How make your child a MILLIONAIRE
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My son Geo is a future millionaire! Watch the video above to see how I know.
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Join the community of like-minded investors:
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--Video Editing by Justin Nelson--
Major brokerages like Fidelity and Schwab make it easy to sign up for a custodial account. You’ve got to get your kid one of these as soon as they’re born.
This is a brokerage account for investing for kids. They can invest in stocks, bonds, ETF’s, and more.
It can be a great way to save on your child's behalf or to give them the gift of money.
The money in this account belongs to the child and you’d be amazed about what this ownership can do to boost their understanding of money, the value of it, and the concept of long-term savings. The account is considered the minor’s asset and it can be funded with the parent or guardian’s after-tax money. I can even transfer shares of stock to my kid, and there are tax benefits.
A custodial account can be opened within seconds. Withdrawals can be made at any time by the custodian, but these must be for the benefit of the child.
Growing up I was completely oblivious to money. My folks didn't make a bunch of it, they completely spoiled me, and sadly I took advantage of it. I went out with friends, went out to movies, met my wife Beth, bought CDs and DVDs, and went to every concert I could. All while my dad was working long days in a hot dump truck, pulling in the driveway at 6:30 at night sweaty, dirty, and exhausted. They wanted to give me a great life, and they did. It's only now, 20 years later that I can fully grasp how hard they worked for me. But the great news is, I can now share my mindset about money, both acquiring it and spending it with my kids.
Both my kids were interested in the concept of saving money at a very very young age. Once I instilled them with the concept of saving money, how compounding interest can help it grow, and what it can lead to down the road, they started to get hooked.
Geo here has been an avid student of the stock market, how stocks work, and especially buying stocks, which can be equally as fun as buying other random things, except, he now knows the drastic difference between saving money and building towards something versus just blowing money and having it go down the tubes. And guess what... This didn't take long. Right off the bat, he loved the concept of seeing his money go up in value, sometimes for no reason, like the stock market, while he would boast to his friends about how much he had saved up. He actually has more saved than many 30-year-olds.
And let me stress, this is obviously not financial advice, but your child, in my opinion, does not need to be placed in risky stocks and speculative cryptocurrencies. If you simply look at the numbers, they don’t need to do that. You can put them down the safest road imaginable in investing with very, very low downside risk and a century-long track record that almost guarantees millions of dollars in their account. Yolo-ing their money into “growth” companies with no profit or the latest crypto coins that gonna crash puts their money at risk and completely defeats the purchase of starting early.
So sign up for a custodial account in minutes and help YOUR child become a millionaire!
_____________________________________________________
Join the community of like-minded investors:
_____________________________________________________
_____________________________________________________
--Video Editing by Justin Nelson--
Major brokerages like Fidelity and Schwab make it easy to sign up for a custodial account. You’ve got to get your kid one of these as soon as they’re born.
This is a brokerage account for investing for kids. They can invest in stocks, bonds, ETF’s, and more.
It can be a great way to save on your child's behalf or to give them the gift of money.
The money in this account belongs to the child and you’d be amazed about what this ownership can do to boost their understanding of money, the value of it, and the concept of long-term savings. The account is considered the minor’s asset and it can be funded with the parent or guardian’s after-tax money. I can even transfer shares of stock to my kid, and there are tax benefits.
A custodial account can be opened within seconds. Withdrawals can be made at any time by the custodian, but these must be for the benefit of the child.
Growing up I was completely oblivious to money. My folks didn't make a bunch of it, they completely spoiled me, and sadly I took advantage of it. I went out with friends, went out to movies, met my wife Beth, bought CDs and DVDs, and went to every concert I could. All while my dad was working long days in a hot dump truck, pulling in the driveway at 6:30 at night sweaty, dirty, and exhausted. They wanted to give me a great life, and they did. It's only now, 20 years later that I can fully grasp how hard they worked for me. But the great news is, I can now share my mindset about money, both acquiring it and spending it with my kids.
Both my kids were interested in the concept of saving money at a very very young age. Once I instilled them with the concept of saving money, how compounding interest can help it grow, and what it can lead to down the road, they started to get hooked.
Geo here has been an avid student of the stock market, how stocks work, and especially buying stocks, which can be equally as fun as buying other random things, except, he now knows the drastic difference between saving money and building towards something versus just blowing money and having it go down the tubes. And guess what... This didn't take long. Right off the bat, he loved the concept of seeing his money go up in value, sometimes for no reason, like the stock market, while he would boast to his friends about how much he had saved up. He actually has more saved than many 30-year-olds.
And let me stress, this is obviously not financial advice, but your child, in my opinion, does not need to be placed in risky stocks and speculative cryptocurrencies. If you simply look at the numbers, they don’t need to do that. You can put them down the safest road imaginable in investing with very, very low downside risk and a century-long track record that almost guarantees millions of dollars in their account. Yolo-ing their money into “growth” companies with no profit or the latest crypto coins that gonna crash puts their money at risk and completely defeats the purchase of starting early.
So sign up for a custodial account in minutes and help YOUR child become a millionaire!
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