Your parents worked 40 years and left you nothing. Not because they didn't love you — because nobody taught them to invest.
The first generation builds. The second generation grows. The third generation inherits.
You're not behind. You're just first. Start now.
If eligible, don’t just leave the money on table…take advantage of this seed contribution
Other ways to invest in kids: UTMA, Roth IRA, 529 College Savings Plans
$1,000 invested when child is born grows into $255k by the time they turn 55 without contributing another dollar growing at 10% per year
Ask any 55 year old would they want a surprised $55k right now
@DontezAkram Have you tried Green Light…it gives kids an opportunity to have a checking, savings and investment account along with a debit card…my 13 year old gets $40 a week and $10 must be invested..if he wants something have to save for it
Allen Iverson admits he was so reckless with money he bought his mom 15 cars
"I spoiled my mom. At one point, my mom had like 15 cars. I'm pulling up in a Bentley and she'd say, son, I love that car, I want one just like it. You gonna get me one? I'm like, no, but I'll go buy one myself. Mom, you got 15 cars. Here, take this one"
"It was just that I wanted everybody to be happy. But I was crippling people. The cornerstone of being a man is accountability. I was out of control with it"
"And I thought I was gonna play forever and God put me in check. That money got funny"