Ben Arbov 🎁

• Setting kids up for their financial future, founder @GreatestGiftApp - financial gifting platform for kids' savings
• Follow for financial parenting tips

[Ben Arbov 🎁 @BenArbov]

Building generational wealth starts with you.

Grow your skills & education, earn a higher income.
Spend less than you make, invest the rest.

Transfer knowledge, habits, and values to your kids. Teach them to manage money well.

Give monetary gifts in life, pass down assets

[Ben Arbov 🎁 @BenArbov]

How much does the Tooth Fairy leave at your house?

[Ben Arbov 🎁 @BenArbov]

How do you turn bedtime stories into stock market lessons? Buy your kids Disney stock

[Ben Arbov 🎁 @BenArbov]

Investment apps designed for teens, like Greenlight and Fidelity Youth Account, offer educational resources and parental oversight, making investing accessible and safe.

[Ben Arbov 🎁 @BenArbov]

Can't get a Disney stock certificate? Framed replicas or faux certificates from Etsy can make the gift feel more tangible and special.

[Ben Arbov 🎁 @BenArbov]

Do your kids know the story behind the Tooth Fairy? It’s a great way to make the tradition more meaningful and fun. How do you explain the Tooth Fairy to your little ones?

[Ben Arbov 🎁 @BenArbov]

How do your your kids manage their allowance? Do they have piggy banks and wallets? Bank accounts? Debit cards?

[Ben Arbov 🎁 @BenArbov]

Instead of saying "an 8% return," say "your money doubles in 9 years." The Rule of 72 makes financial growth relatable and motivating.

[Ben Arbov 🎁 @BenArbov]

How much of the total wealth in the US comes from intergenerational transfers (gifts and inheritances)? The answer might surprise you.

[Ben Arbov 🎁 @BenArbov]

@Karenshea I think experiencing money of their own is important.
Give a reasonable amount so they learn.
You don’t have to add chores, but if you do, don’t give for all chores. Some should be just part of being in the family household.

[Ben Arbov 🎁 @BenArbov]

Should you give your kids an allowance?

[Ben Arbov 🎁 @BenArbov]

@MindfulMen99 I like that approach, let’s them know there are expectations to contribute for just being part of the household, but also a chance to earn more by going beyond the norm

[Ben Arbov 🎁 @BenArbov]

Strategies for building generational wealth:
- Invest in real estate
- Start a business
- Participate in the stock market
- Save and invest early

[Ben Arbov 🎁 @BenArbov]

Watching your child save their Tooth Fairy money in a piggy bank is priceless. It’s the first step towards building financial wisdom.

[Ben Arbov 🎁 @BenArbov]

In addition to lemonade, you could consider selling homemade snacks like cookies, brownies, or popcorn. These can attract a wider audience and supplement your earnings.

[Ben Arbov 🎁 @BenArbov]

Choose a pediatrician before the baby arrives. Recommendations from other parents can be helpful.

[Ben Arbov 🎁 @BenArbov]

Why are chores important for kids? Here are some benefits:

- Teaching responsibility
- Instilling a good work ethic
- Bonding with family
- Developing problem-solving skills
- Boosting self-esteem

[Ben Arbov 🎁 @BenArbov]

Rule of 72 doesn't always apply...

What happens with 72% interest?

Ideal for interest rates between 4% and 20%.
Use "Rule of 70" for low rates (1% to 3%).
Remember it’s a rough estimate.

[Ben Arbov 🎁 @BenArbov]

Steps to open a kids' savings account:
1. Choose an account type
2. Select a bank or provider
3. Prepare necessary documents
4. Open and fund the account
5. Set up financial gifting

[Ben Arbov 🎁 @BenArbov]

Who’s teaching their kids about taxes this Halloween? 🍫🍬🍭

[Ben Arbov 🎁 @BenArbov]

Setting up a custodial account for your kids: because it's never too early to teach them the joys of tax season.