Transcription
Here is how wealthy families raise millionaire kids, and you should do the same.
Number one, start with a $50 weekly investment into a UGMA account. That's called a Uniform Gift to Minors Account. Basically, a brokerage account for your child. That works out to just $2,600 a year. Put it into a growth fund, an ETF or an index, which historically returns about 10% after inflation. Every single week from birth until 18, then stop. By age 65, that account grows to about $8.7 million. You only put in $47,000 total.
Number two, fund a custodial Roth IRA for your kid. Have them work for your business. You can legally pay them up to $7,000 a year. Put all of it into that same ETF. Do that from age 10 until 18. By 65, it becomes worth around $4.2 million, 100% tax-free, and they only put in $56,000. That is the power of time and tax-free growth.
Number three, they keep contributing to that same Roth after 18. Max it out every single year. If they stay consistent until 65, $18.3 million entirely tax-free. That is generational wealth built from smart habits, early starts, and consistency. No fancy accounting, just time, discipline, and good choices.
I have, over the course of 40 years, built a quiet system. One the old families have always had access to and one the rest of the world has never been shown. The link in my profile is the door. Step through it if you wish. Comment luxury below and I shall send it to you personally.