Greenlight Debit Card + Invest for Kids HONEST REVIEW - Teaching Kids Investments Get your first month FREE if you sign up here: greenlight-car... First Greenlight Review video: • Greenlight Card HONEST...
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@Jessicamae19882 жыл бұрын
I’m interested in Greenlight max but only for the phone protection and the lost or damaged items. How does that part work?
@hockeystar17472 жыл бұрын
Is the invest part an entire separate card? My sons green light card is coming between Friday and next Monday. And he just asked for the invest part. If I did get the invest would it send an entire other card so we would have to wait and other 1-2 weeks? Or maybe could it add on the invest to the existent card.
@Theo-wl6pc2 жыл бұрын
No it will be the same card. You’re just upgrading your “subscription”. It just gives you more access with your current card.
@Andrevittorazzo3 жыл бұрын
Do you get paid in dividends aswell
@maciahjones44233 жыл бұрын
Does it work with Apple Pay
@issyking233 жыл бұрын
Yes
@rowancrist44443 жыл бұрын
Apple restricts Apple Pay for children under 13 while Google restricts Google Pay for children under 16
@alexandriagalope78763 жыл бұрын
When are you doing Greenlight Card Max
@MrGizmo2113 жыл бұрын
I have a video on that now :).
@ssmith57432 жыл бұрын
Will kids have to start filling taxes each year if they get this?
@grandmafrenchie3390 Жыл бұрын
File taxes if they are cashing out their gains which is creating taxable income. Also pay taxes on dividends. I would teach your kids to invest their money long term. You are their custodian so you have a say. Tell them they will need to keep their stock investment long term until they are at least 21 years old. No buying and Selling stocks as a child, period! Buy yes. Sell no. No trading. Kids are very eager, and can give into peer pressure when they are teens to buy the latest gadget (or buy a car) and blow their money. You want to protect their money.
@petesworld84162 жыл бұрын
How is the capital gains tax and every transaction time, date , ticker, cost basis, sell price. etc handled?
@grandmafrenchie3390 Жыл бұрын
It's all taxable income and taxes will need to be paid on the income.
@fififinance74693 жыл бұрын
Thanks for posting 👍
@egossick3 жыл бұрын
Can this work from an Andriod tablet? My youngest does not have a cell phone.
@MrGizmo2113 жыл бұрын
Yes it works with Android
@peterwest-mccauley35913 жыл бұрын
Liked and subscribed, thx for the help!
@MrGizmo2113 жыл бұрын
Any time!!
@tonysmith90052 жыл бұрын
@@MrGizmo211 my name is Tony smith merry Christmas 🎅 🎄❤ 🎄❤ 🎄
@TT-sp5vw3 жыл бұрын
Thanks for the video! I have a question: does Greenlight provide an app for children? Or is the app just for the parents? It would be great to have an app where the child can directly save his/her money without parents.
@MrGizmo2113 жыл бұрын
There is an app for the kids and the parents.
@BeauRaids2 жыл бұрын
But how does the child access the account to the there money
@SuedeCrushlol2 жыл бұрын
@@BeauRaids through an app
@roneeyhines76172 жыл бұрын
@@SuedeCrushlol what app
@hockeystar17472 жыл бұрын
@@roneeyhines7617 it’s just called green light.
@Aminuteofsun3 жыл бұрын
0 dislikes. Well deserved!
@MrGizmo2113 жыл бұрын
Thank you!
@KizonoYT3 жыл бұрын
Well now 1 dislike (but the 100 likes beat the dislike)
@steezydrew40703 жыл бұрын
What if you only want the invest feature and not the debit card
@bluevods84543 жыл бұрын
Well don’t buy the debit card but you will not be able to use the money
@TylerKingeryy3 жыл бұрын
Then get an actual investing App
@sampromo80822 жыл бұрын
One more question, is it worldwide? If yes, can someone from the Caribbean without a social security number and a U.S phone number sign up to Greenlight?
@a_bcoffeeaddict46512 жыл бұрын
If i were to buy something for green light like from my card and i only had 9 dollars and i had late sayyy 12 in savings if i were to buy something would it subtract from my savings because i needed 11.57?
@princessuh14812 жыл бұрын
no. it wouldnt go through at all
@rachaelmiller22892 жыл бұрын
Did you ever do the video on max I don't see one
@sampromo80822 жыл бұрын
Thank you for the video. Can I use zelle, PayPal or cash app to transfer money to the Greenlight debit card?
@DeathMorethanlife Жыл бұрын
@Noah385__no you can’t I asked an official and they said “I am so sorry to inform you that as a card designed to teach children financial responsibility and monitor their spending, we block Person to Person transfer services, such as PayPal transfers, Venmo, Apple Cash, Zelle, or Cash App. We sincerely apologize for any inconvenience this may cause you; however, we do have an option for you to receive payments through our Paylink feature! The link is located in your app as long as the feature is turned on by the parent, and it can be shared with friends and family! If we can be of further assistance, please do not hesitate to let us know.”
@kamiliyad.44873 жыл бұрын
how do you know your pin?
@ttv_replyz25363 жыл бұрын
You make your pin.
@peterwest-mccauley35913 жыл бұрын
It’s in the back of the card I think
@draystar87803 жыл бұрын
It tells u in the app
@SmittySZN3 жыл бұрын
When you get your card you go into the app and activate it, when you do that it will ask you what you want your pin to be
@dxisycrossing57373 жыл бұрын
@@peterwest-mccauley3591 not to be rude but it would not be allowed to be on the back because pin codes are supposed to be private and if someone stole a card they be able to use it that’s why we have pin codes to keep it Secure
@violetpup42722 жыл бұрын
I just got Greenlight Max. I thought it was awesome parents can invest as well. I have never invested before and need something. Going to have the kids invest something as well.
@Jessicamae19882 жыл бұрын
Can you tell me about the phone protection and repair portion that offers? That’s the only reason I’m interested.
@rdlykes12 жыл бұрын
Love the room!
@j3ss3c103 жыл бұрын
Can you sell and get money instantly?
@TylerKingeryy3 жыл бұрын
Yep
@rowancrist44443 жыл бұрын
okay, so we upgraded to investing, why can’t you transfer money from your spend anywhere to your cash to invest? why does it have to be from the parents wallet?
@TylerKingeryy3 жыл бұрын
That’s my question too! I have to move my money to the parents wallet and then my mom had to move it to my investing cash
@rowancrist44443 жыл бұрын
@@TylerKingeryy me too, i think that’s strange though. maybe there’s an option for the parent to allow the child to move from spend anywhere to cash to invest.
@Itscharley_3 жыл бұрын
There’s a drop down menu to choose where to take it from
@rowancrist44443 жыл бұрын
@@Itscharley_ obviously duh, there’s no option it’s only to transfer to parents wallet
@Rakhnid52 жыл бұрын
You can now
@TudorFencing2 жыл бұрын
Does it allow for crypto trading?
@MrGizmo2112 жыл бұрын
Great question - I have not read that it does. Let me see if I can find anything on that.
@sigmawardshorts2450 Жыл бұрын
@@MrGizmo211 what did you find?
@oshekagougisha44333 жыл бұрын
How different is the stock investment than Roth IRA’s?
@jcortizenterprises2 жыл бұрын
Stocks, you’re buying a tiny piece of a company. When the company grows, your shares grow. Roth IRA’s are savings programs that are tax free. Roth IRA‘s grow because the manager of that IRA invest the money for you but they also charge you fees.
@josefhudson2 жыл бұрын
It’s different because it is not an investment account. So there are no restrictions on how much you can contribute and when you can withdraw it.
@grandmafrenchie3390 Жыл бұрын
Roth IRA's are great retirement accounts where the money you put in has already been taxed, so your money grows tax free. A stock can actually be bought in a Roth IRA brokerage account. You can purchase stocks, mutual funds, index funds, and ETFs in the Roth IRA account. Everyone who is qualified should be investing in a Roth IRA.
@kevinrowe32723 жыл бұрын
Love love love our Greenlight Cards
@samd80543 жыл бұрын
How old are the kids that use it?
@sqm97813 жыл бұрын
What happens when you lose a card? Can you get a new one?
@gemstone65103 жыл бұрын
I think so but I'm not sure
@MrGizmo2113 жыл бұрын
You can but they do charge you.
@daysrcdays2 жыл бұрын
So what should children learn when after a few years their stock investment crashes with the market. They see their investment dwindle while watching large Corporations continue to profit? Don't let children gamble! Banks have slow growth, but you don't lose your money. In the end slow growth out preforms market losses for small investors! But if you want your child to learn hard market lesson's ,by all means invest away! Teach your children to save, NOT INVEST!