Set up your kids for financial success! How many of these have you done for your kids?

[@louisahernandez]

I’ve got a college fund going, but beyond that, I’m not sure what else to do. I mean, they’re still young, but I know time flies.

[@Bigwilli123]

I’ve actually started teaching my kids about investing already. Nothing too complicated, just basics. They’re getting curious, which is good. I’m also thinking of opening a custodial investment account for each of them. Let them start small but learn as they go.

[@camela8445Mar]

That’s smart! I opened a custodial Roth IRA for my daughter when she started working part-time. She doesn’t fully understand it yet, but I’m making sure she puts something away every paycheck

[@roseyfischer]

I like that idea. My son’s been working over the summer, and I think now’s the time to teach him about investing, not just saving. You know, I actually sat down with my advisor recently, and he gave me a ton of tips on how to set up a solid portfolio for them.

[@Churchillhump2268]

Wait, so you're doing full-on portfolio management for your kids? That sounds intense!

[@Larry1-pl2wq]

It’s not as complex as it sounds. My advisor, Joseph Nick Cahill, has been a huge help. He’s all about teaching financial literacy and setting things up early. He helped me put together a simple plan that’ll grow over time without being overwhelming. It’s like a hands-on lesson for them

[@mssunshine6259]

I love watching Your Rich BFF, Stock Brotha, & Everything Money. Love them all! ❤ ❤ ❤

[@CharliniAlmeida]

Financial Literacy is so powerful!! 👏

[@jp23x]

If i did this one day i would never let them know that they have this much money saved up. It might ruin them

[@Jr2728]

The last one is the scariest one

[@wifeybaby4001]

Why is that, can you explain?

[@Jr2728]

@@wifeybaby4001 Because sometimes if the parents separate One or both parents end up screwing up their credit and taking their kids down with them.

[@wifeybaby4001]

@@Jr2728 hmm didn’t think of that, good point 👍

[@OregonBacon]

@@Jr2728 Makes sense... can they or the child take them off the parents CC before it is a mess? Also, I think you set a limit on the kids CC which I would highly recommend for responsible parents.

[@XinaMTBC]

Agree with comments. Only set the kid up with a credit card if it is put under a parent who is responsible with money... In our case, it is daddy 😅. My kid is already making more than I do with investing, so I think it is great!

[@XinaMTBC]

Also, get your kid a bank account to build up rewards points!! My dad did this for me so I have 30+ years with the bank and all of the advantages that come with it!!

[@yadyramos1094]

Can you do the same video for a regular kid please 😂😂😂😂 I m not famous but I want to make sure my son is set up for life

[@odin4676]

There’s no difference

[@Linette-g-y]

I am 22 years old and lost my dad about half a year ago and I am going to receive some money soon. Would it be smart to grow my money in stocks for a few years while I am in college and then invest in rental properties afterwards, or should I go for real estate investing first?

[@cortez9978]

The investments I like to deal with are the ones that have a high ROI, these truly help me feel like I'm getting the best from my investment. Perhaps you should discuss with a financial advisor, that helps too.

[@Ballesteros-d]

I agree, the role of the advisors can only be overlooked, but not denied. I'm 60 and newly retired with about $650k in retirement funds, quite a little amount compared to my investment portfolio. You just have to do due diligence in picking the right advisor.

[@AstridJohansen-z]

this is awesome! I am looking to achieve an optimal portfolio and probably diversify, would like to know the benefit of a financial advisor, mind sharing info of yours please?

[@Ballesteros-d]

Katherine Nance Dietz is the licensed advisor I use. Just google the name and you'd find basic info. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@FrankHaubrich-mt6gw]

curiously googled Katherine Nance Dietz and at once spotted her consulting page, she seems highly professional from her resumé

[@williamscott4242]

I love making him an authorized user on a credit card to build his credit now. Wicked smart🎉🎉🎉

[@kyliecallaway5273]

I have recently seen cc for kids that have to do with allowance and also builds credit. Have you seen those?

[@jgalt5002]

Need a Canadian version of this

[@MC-bw5fc]

Excellent tips🎉

[@zenfinite369]

The early bird app is great for kids💚✨🤑

[@yairacaisaguano7309]

What are US government bonds?

[@jubileelennon]

What is your opinion on the dock strikes?

[@diamonddetails9445]

SUBSCRIBED ✅ TYVM Viv 🎉

[@JsMomma7]

I'm almost 50 and am disabled and live on 2K per month..I also have a 16 yo daughter. We have NO family or friends to help. Is there a way I can put a few dollar each month into a fund for my daughter that the gvt can't get?

[@davidsonnguyen38]

Your not in a financial situation that you can impact anything at this point in time. Sustain financial balance would be my recommendation. -Dont accrue any credit debt. -Have a 3-6 emergency fund. -invest your money wisely in a steady ROI / low risk. Your daughter will have to work and earn her keep. Utilize all the possible scholarships and government assistance possible. Be direct and deliberate about her major / certification goal.

[@adrianwilliams63]

What do you think about a UGMA/UTMA account?

[@sherrierodelander7907]

Custodial IRA: done 529: done Authorized user: no, cause they are gonna use cash and won’t buy a home until mid 20’s which gives them the opportunity to build their credit on their own. This may be the best option for most but doesn’t align with our family values. All great info!!!

[@brd2122]

It’s implied that you don’t actually give the kid the card, you just put it in a safe place and don’t tell them about it 😂

[@moniryousefian8782]

Another Awesome advice 👏👍❤ greatly appreciated 🙏 I'm one of your biggest Fan/Subscriber, could you please share your thoughts on buying NVIDIA stocks?! Or is there any stocks that might grow like NVIDIA in the next few years?! Much love ❤

[@ashwinrails2373]

Viv, does adding a child as an authorized user have any age limits and does it only work on certain cards?

[@Migrated_Immigrant]

Can we pay our kids to do home chores, cuz i am a w2 employee and doesn’t have a knowledge about it

[@motomiks7883]

Wesley's Bleach White best to bring out the black. Any shine is good with the right applicator.

[@reeltimereactions4880]

Doesn’t the child have to be at least 13 years old to become an authorized CC user? Just wanted to confirm if that’s still the case? Thanks.

[@Mohamed-vv4yt]

What is the earliest age can you open Roth IRA at for kids ? 7 years old , 10 ?

[@pankil82]

How does 529 help in California? None of them would cover even 25% of the proper University tuition + living expenses

[@2jeans]

What is a good age to add my child to my credit card?

[@oscarinacan]

Teach your kids to scam people on days like me!!! I'm a 6 at best and i scam men to treat me to free food and brag about it!!! I'm totally worthy of your time😊😊😊

[@BabyGangsterIsMe]

i never do like that.. i rather open ROTH IRA account and deposit money into it and invest for the kids... when i retired, i will get the money out and give it to them to pay back their education.. if u do everything for them, they never work hard in school.. let them BORROW money and suffer in school first..then u help them later..

[@PatienceMaybe-zg6fu]

Moresearch financial survivalist of seniors a little 2late of learning how to be best at being really good @ being poor 🦁🔥♥️compliments of Francine figuring the solutions of we all need each other🙏 & must pitch in 🧠& help one another ❤

[@sylvialin1743]

What’s the equivalent of these two accounts in Australia…?

[@steppingstone803]

If your kids make money from chores, how do you go about contributing to a custodial ROTH IRA

[@maigematthews5620]

You’re probably not going to get around to reading this, but I think I have your 25 million dollar idea: Go back to your homeland. No, seriously. I’m not trolling you. Have your research team look into it. There are OVER 25 million women that are looking for your content. Here’s the plan: Find the cheapest way to print your paperback book. Advertise it for free in that foreign country. Add just add $1-$2 dollars more than the shipping cost. And now wait. 2nd plan: book a consultation with Alex Hormozi or Codie Sanchez.

[@antonswaminathan3267]

Oh really every 200 dollars results into 3 million dollars over 60 years? Who has ever received such benefits?