The Ways To Wealth

Tips to help you make more, save more and invest smarter. Founded by R.J. Weiss, CERTIFIED FINANCIAL PLANNER®.

[The Ways To Wealth @TheWaysToWealth]

@markrunsads magnus

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Here’s a deeper comparison of UTMA vs 529 vs Trump Account:

https://t.co/CwVQBjoo4F

[The Ways To Wealth @TheWaysToWealth]

There’s a new type of child investment account launching in 2026: the Trump Account.

Most headlines focus on the $1,000 bonus for newborns.

But it’s actually available to all children under 18.

Here's how it works and some thoughts based on what we know today: 👇

[The Ways To Wealth @TheWaysToWealth]

Bottom line:

Trump Accounts provide meaningful benefits for lower-income families (e.g. free money) and may offer strategic opportunities for high earners, especially those the self-employed.

But for most middle-income families, 529 plans and UTMAs should be prioritized.

[The Ways To Wealth @TheWaysToWealth]

6/ Forgetting to update insurance coverage. Easy to overlook, but term life and umbrella policies cost little and become essential as your income grows.

[The Ways To Wealth @TheWaysToWealth]

1/ Common mistakes I see households make once income passes ~$100K (depending on location) that create unnecessary stress.

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5/ Be careful assuming your income will always rise. If it jumped 30%, celebrate! But avoid locking into high fixed costs. Being over-leveraged in downturns hurts.

[The Ways To Wealth @TheWaysToWealth]

For more:

@FoundersPodcast did an excellent podcast on him (#222)

@morganhousel called it his favorite episode.

@tferriss interviewed him (Ep #596)

Check out his book A Man for All Markets. It’s a fascinating read that covers even more of his incredible life!

[The Ways To Wealth @TheWaysToWealth]

If there were a Mount Rushmore for the most interesting men in the world, Edward O. Thorp would be on it.

He beat blackjack, invented wearable tech, built a legendary hedge fund, and invested early in Berkshire Hathaway.

Here are my 8 favorite Kindle highlights from his bio 🧵

[The Ways To Wealth @TheWaysToWealth]

"Whatever you do, enjoy your life and the people who share it with you, and leave something good of yourself for the generations to follow."