Stock Investing Advice From a Millionaire | What I Would Tell My Younger Self

[@OurRichJourney]

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[@playacabo6289]

I watched this video with my teenagers. I love that Malia set the goal of being a millionaire. My son wants to work on his financial goals now. 🙏🏾

[@CreativeCashflow1]

Teach your kids early, what you learned late.. Imagine an 11min video will teach you more about investing than 16 years of school education.

[@OurRichJourney]

I LOVE that - teach your kids early what you learned late! Love, love, love it!!!! ❤️❤️❤️

[@frankharris6136]

facts 💯💯💯💯

[@frankharris6136]

The Jewish community teach their kids this from birth💯💯. Just saying.. Love the content...

[@ncamara670]

@@frankharris6136 How lucky for them!

[@Jom-jg7ty]

Your daughter is speaking in a such a mature way. When my daughter was born, I opened UTMA brokerage account, she is 6 years old and has more than $30K already in it. I hope that my daughter will be into investing like your daughters!

[@ginalex4life]

What’s a UTMA account?

[@loismarie843]

@@ginalex4life Uniform Transfer to Minors acct

[@denorrisd]

Great message, showing to our daughter today, she's on her way at 16 but still great to see others doing it

[@SD-my9so]

So happy to see encouragement for young people to learn and start investing. We offered our niece and nephew a dollar for dollar match per month up to $100.00 per month if they would start any savings or investing plan. Neither one took us up on it. Please keep educating. The young folks about financial literacy.

[@teeyoo7051]

What a blessing to have a mother filled with such wisdom!

[@marianneeichler648]

I am not the target audience as I am 63 years of age but am learning anyway and am grateful for the lessons :)

[@nomadicvibesofelle]

Love this channel. I opened a custodial account for my daughter last year and look forward to teaching her all about investing. She is only 5 now but it is never too early.

[@OurRichJourney]

Elle - that is so amazing!!!!! I LOVE that you opened a custodial account for your 5 year old! It’s so exciting to think about how much it will grow! And you are right- it’s never too early!!!!

[@pa1986ful]

could you please guide me....how did u open it? company?

[@raissakahn3380]

I looooooved to see Melia sharing her investments, that she has a financial plan and her goals!!! Such a great example for the kiddos and teens ♥️

[@irmafranke1012]

I see Ammon!!!! I love this video. She's a perfect mix of you both! I don't have kids but I have 2 nephews that I opened accounts for. Yesterday my 8 yr old nephew told me to buy some Twitter for him because Elon Musk was buying it. It blows my mind how smart kids are and how quickly they learn and understand, if taught.

[@mavs4life248]

Great stuff. I'm 28 and still found this video to be extremely helpful.

[@OurRichJourney]

So great to hear that! Thank you!!!!

[@Jasmine-rw2xu]

Likewise!

[@avid580]

I had my son take a finance class in high school. Then gave him a few thousand to invest with a 5 year time horizon. Of course, I'm guiding him throughout. It's a fun, life-changing exercise.

[@ivak8988]

Fake money or real 5k?

[@adamculler]

my mom did this for me too and it helped me a ton. glad you're doing that for him!

[@NilDreams]

Good parenting involves teaching your kids life skills including these. Your kids are very lucky. They have a bright financial future ahead of them! 👍

[@hanaogbai2911]

That was so amazing. I am so happy to see mother and daughter together. The kids are set up for success starting from public speaking to FIRE. Keep inspiring us and best of wishes to the family.

[@OurRichJourney]

📈Looking to learn how to invest? Enroll in our Stock Market Investing Course: www.ourrichjourney.com/investingforfire 🔥Learn more about financial independence and retiring early: Enroll in our F.I.R.E. Master Class: www.ourrichjourney.com/firemasterclass ✈Want to move to Portugal? Enroll in our Moving to Portugal Course: www.ourrichjourney.com/movingtoportugal

[@reneeconnors8885]

Bless her, my mom didn't know how to balance a checkbook. I am 50+ and still just saving. Sending this to my FB group hopefully my nieces and nephews will see this.

[@anandfercopatel]

Wow! Your daughter is sooo well spoken 👏🏽👏🏽👏🏽. Well done on such great lessons & parenting

[@arniesebass4128]

Our Parents are our first and best teachers

[@king.m.m.l4882]

Thanks so much for this video. My daughter is 11 years old. This was exactly what I needed to get her started. Keep these young investor videos coming. Thanks again!

[@TheCookingDojo]

All very sound advice. It sucks that we were never taught this stuff growing up but there's no time like the present to teach the new generation. I plan to do the same with my two kids

[@Lilbit2215]

You said she's 13??? Are you sure she is not 20??? I'm just amazed about her vocabulary and how well spoken she speaks! Wow just amazing

[@Tonymanero1960]

I agree,...she is more well-spoken than most of the talking heads on the financial channels.

[@hrhsophiathefirst4060]

Fantastic, I wish every young person understood this. I am trying to get my neighbor on board and by default her 13 year old son. I learned a bit about investing at 22 where I knew enough to start an aggressive 401K and that has served me well. In the last 10 years I have learnt even more about ROTH, HSAs and brokerage accounts. At 46 I have an above average net worth and I plan to continue in this vein for another decade before moving to Portugal. My husband loves his job so leaving it will be difficult so he has that timeframe to wrap his head around the concept!

[@OurRichJourney]

That is so great that you began investing at 22! If your husband likes his job, you can always push for FI (without the RE) and then move to Portugal whenever your husband is ready to leave! Also, you could take a vacation to Portugal and see if that doesn’t convince him to move! 😂

[@JessicaHicks]

Wow, Malia is ahead of so many adults today. Kudos to her and to the great parenting.

[@amyyates8273]

What a fantastic video! I’m going to show my 15 year-olds as the reason we insist they open their Custodial IRAs next year once they have documented income. Your tone and explanation is perfect for teens. Thanks!

[@Zara_Luna]

Twins. 🙂 May your family continue to be blessed for all your efforts in helping others.

[@evadeanu1]

Oh my goodness!!! This video is phenomenal! Your daughter is so mature, so fluent, genius! Be proud! Just brilliant!

[@OurRichJourney]

Enid - that is sooooo sweet of you to say! Makes me so proud! Thank you so much!!!! ❤️

[@ketanmehta4309]

Great advise. Plan to do this for my kids as they get older. There are some caveats to Custodial Accounts. There are some drawbacks, like: (1) taxes due to the minor and parent. The first $950 of unearned income is tax exempt from the minor child. The second $950 of unearned income is taxable at the child’s tax rate, which could trigger the need for you to file a separate tax return for your child. Any amounts over $1,900 are taxable at either the child’s or the adult’s tax rate, whichever is higher. Note that state income taxes are also due, where applicable. (2) the child takes over the account at ripe age of 18 or 21. (3) Impact financial aid considerations as the account are seen as assets for the student.

[@frankharris6136]

her hair is amazing 🔥🔥🔥🔥🔥

[@OurRichJourney]

I know!!!! 😀❤️😀❤️

[@willarias]

Soo articulated and knowledgeable 13 year old. As the father of two young girls I would love to know if you offer any kind of mentorship in order to get my daughters financial education and investment journey. Thank you. 🙏🏽

[@toniashipp2261]

Thank you for sharing your important info. I love that your daughter joined you. I enjoy the videos she and her sister made in previous years, so it’s nice to see their growth. Again, thanks!

[@aljohnson3717]

When a 13 y.o. kid speaks more eloquently and confidently than majority of millennials.

[@OurRichJourney]

❤️❤️❤️

[@daisiesandpandas1218]

She is showing more marurity than many generations combined if you want to make that dig. Or are you saying this kind of knowledge is normal amongst all kinds of Eurocentric segregation of the generations? Are all gen X, boomers, and zoomers talking like this?

[@aljohnson3717]

@@shawn47240 nobody cares whether you’re a boomer or anything else. You build your own life from scratch. Stop blaming anybody collectively or individually. It wouldn’t get you anywhere.

[@purpleflows5680]

@@aljohnson3717 if you want to make the point that generations don’t matter than don’t comment specific to a generation. This young lady speaks more eloquently and maturely about money and finances than most adults, my parents included (who are boomers btw). Part of the reason why she is so wise so young is because her millennial parents supported her financial socialization early, unlike what their parents, who were likely boomers, did for them. This was eluded to in the video. While we all build our own lives, it would be erroneous to say that how you are socialized doesn’t matter. Pointing this out is not complaining, it’s stating a fact.

[@dashcamvideos6742]

I love your videos. Everyone needs to listen. Go look up on KZbin seniors living on the streets bc they didn’t save for their future. Every one of them said if they had it to do over, they would save and invest. LISTEN!

[@choosetoshine2610]

Teaching money management should be a requirement in school. Excellent content and informative!

[@laurar9748]

Wow! Mel has a voice like velvet!! I see a great future in store for such an accomplished and poised young lady! Mom and Dad, have taught her well!! Keep up the great work! 🤩 Leaving for my first trip to Lisbon tomorrow! Hope to get a lay of the land,, and start looking for my ‘happy’ neighborhood. Thanks for all your advice via your posts. Hope to put it to good use when I’m there. 🤩

[@OurRichJourney]

You are too sweet Laura!!!! ❤️ So exciting that you are leaving for Lisbon tomorrow!!!!! You are going to love it!!!! ❤️❤️❤️

[@KimberlyInPortugal]

Mel's hair is so cute 😍😍😍

[@timmismith988]

I wish KZbin had a LOVE button! I tell everyone who is interested in learning about money about your channel. Thank you for sharing your knowledge and your family!

[@lashawn369]

Checking in from the DMV.

[@scottmcguinness4283]

Great timing… I am waiting in the parking lot and hoping for a great video to listen too in the meantime. You guys rock!

[@OurRichJourney]

You are too kind! Thank you Scott!!!

[@lillianhernandez4180]

Thank you, I have an 18 yo girl, who just began working, I will have her watch your videos so by the time she turns 21, she can at least be financial independent, and soon a millionaire. I am trying to teach my kids everything I did not learn, I am old now in my late 50's but my father said, is never too late to start and you never stop learning or growing.

[@br2541]

Hi guys, how did you chose which brokerage account to go with? (I am new to stocks, and was recommended Interactive Brokers.) Thanks!

[@raffybbc]

Sharing on my FB page! Keep being awesome 👏

[@NileSings]

It's so cute that Mel looks at her mom the same way Amon does🥰🥰🥰

[@cvbrotha11]

I think we can all say where would we be at if we had this knowledge when we were young. I love how you invest in your children, they are going to do fantastic as adults. Im also educating my kids young. Next generation looking so much better.

[@ed_mo7776]

Thanks very much. I’m trying to get my family to invest because I’m the only one doing it and I’m hopping my nieces and nephews would listen with your daughter on your videos. Thanks 🙏🏽

[@abdulvahid93]

Great video. Someone suggest Great ETFs for a complete beginner?

[@poppyz6816]

Soooo articulate!!! Congratulations!

[@albert1558]

This is a great topic/Video for everyone especially families with kids , let’s get them (our kids/families)financially informed… Thank you for all you do including your kids… Have a great day ….

[@Youtube207user]

Thanks for the video! Quick questions , what money is she investing ? Does she work or is it allowance? How does she deposit the money? Does she have her own bank account? The 1$ a day investment, is it mandatory or could there be some months where you don’t deposit? Would there be a penalty?

[@carieyounginsurance]

Everything I learn I pass to my son. He’s recently turned 18 and he now funds his own Roth I started for him last year and a ALLY savings account. Now I’ll get him a M1 finance platform- and gift him a bit to pick some of his favorite stocks. All parents should teach their kids financial literacy! It’s more important than ever. You have a savvy little lady there :-) her future is bright!

[@francispowell1811]

...and I agree with your move to real property. Thanks for the heads-up on compound intetest. It's invaluable info, and too often overlooked. Much appreciated. Thanks.

[@TheForexApostle]

Your children are really fortunate to have parents who are smart with money. At a young age, it is important to include and guide children in investing.

[@CactusJack252]

I wish I had parents educate me like this when I was a child. They own stocks and bonds but never told us about it. When we inherited some money from a relative, my dad guilt tripped us all into giving it to him to get himself (and my mom) out of a financial bind. If he didn't do that, the 11k I inherited 16 years ago would have grown a lot since then. I'm learning as I go and I won't do the same to my child. She is 3 and already has an account with some money in it and it will be handed over to her when the time is right. When she is of age I will have her open a custodial account so she can start on her own.

[@rachelvines363]

Thank you for making this video! Sharing with my daughters asap!!!

[@laceybrooks9244]

hi guys, i saw that you guys lived in el puerto! i lived there for a bit too but now i am back in dallas and plan on retiring back in el puerto!

[@lovealwaysjasmine]

Do your kids have a Roth that they invest in or brokerage? Also are Target date index funds good for teens to invest in?

[@mrsaoallen1707]

Index funds are down about 25% this year....Buy buy buy!

[@elizabethespinal15]

Can I invest in the S&P 500 at 14? How does that work if I read that vanguard S&P has a 3k minimum investment

[@zwatwashdc]

great video for kids! great addition to our homeschool finance course.

[@elijahomorogieva8676]

It is awesome to see your kids are in the same Journey. How did you setup the investment account for your daughter at that age? At that age is she able to open an investment account?

[@chadbailey7038]

Great video. Thanks guys! 🙌🏾 ⚡️

[@danesasamuels4501]

How do you set up a portfolio For the S&P 500? And how do I set up the Automatic Investment draft from my account

[@darrylgriffinsimmons1724]

Dope video that was done with your daughter. You all are doing a great job with content and teaching your daughters financial literacy!

[@OurRichJourney]

Thank you so much Darryl! ❤️

[@pongop]

Wow, amazing video! Your family is the coolest! I'm almost 40 and your girls are way richer than me! Keep up the great work! Thanks for sharing your tips and for inspiring us!

[@rodneyrchicago]

Thank you for doing this. Great for the kids.

[@ripwins]

YALL SOME AWESOME PARENTS🔥

[@OurRichJourney]

Awww, thank you so much!!!!! 😀❤️😀❤️

[@marilynwhite6286]

Great job Melia! 🥰...she's a natural like mom & dad 🌻 Thanks

[@ncamara670]

I too am jn my 30s and thinking about investing. I have an account on a trading platform but lack of financial knowledge holds me back and I want to know what I am doing before investing. Thank you for this video and well done for building such a great new life for yourselves!

[@chocgrl]

Excellent job Mel!

[@shaunaevans]

Thanks for sharing this video 💚

[@viparadisebreeze]

Great job Mel, you are a natural 👏🏾👏🏾

[@daniellesoy]

I appreciate this video so much! thanks

[@kench5902]

Hello, great video. How do you all maintain usa stock brokerages living in Protegul?

[@gabrielmoore8769]

Great job!!! Love this video!

[@curtisdavis8594]

Great stuff! Thank You

[@onajeofficialmusic]

You are motivational, revolutionary, inspiring, black and beautiful. Thank you so much for laying the blueprint for how we can become independent. 🌹🌹🌹

[@alisonmccalla4099]

Excellent ladies!

[@shelleyn2884]

Great video! And what a mature and intelligent young woman

[@hero2006]

WOW!! Congratulations. Respect!!

[@michellet204]

Such a lovely video and family! Thank you guys 💚💚

[@OurRichJourney]

Thank you so much Michelle!!! 😀

[@yamariscruz1219]

Very helpful video to get myself started and my daughter too! Thanks

[@Katsuya89]

You guys are doing an amazing job educating your kids on investing. I've always been a good saver, but i never had someone teach me about investing, so i didn't get into investing until i was 29. I wish i had started when i was a kid. I'd probably be a multi-millionaire by now if i did.

[@qrsthatsme4030]

Great advice! Wish I understood the concept of index fund investing when I was your daughters age. I would have been a millionaire by my late 20s. Many over complicate their investment strategies by trying to pick the needle in the haystack. Jack bogle’s strategy was to buy the whole haystack instead.

[@stillfoxyforever]

Malia did a really good job.

[@mirelleung2752]

HI Cristina! I understad that you need a custodial ROTH IRA account but for the kid to be able to contribute they need to earn money and pay taxes. Did you go this route or there's something else there that I am not aware of it? Thanks a lot for all the education you do!! Cheers!

[@aaronescobedo4626]

Just curious why you suggest index funds vs etfs? VOO is an etf and so easy to trade.. thx guys 🙌🏼

[@abdallahel-chal794]

As a US expat, the platforms that allow you to have a custodial account are limited since you aren’t maintaining a physical address in the US. What do you use?

[@midkort]

+1

[@FatFIREfamily]

Teaching our kids about early retirement is a struggle, they don't think with climate change when they grow up the earth will be the same.

[@claudiaaa4268]

Love your contents.. I wish I would have looked into investing earlier in life. Do you have any recommendations on how to find good companies to invest to, aside from those well known like tesla, amazon and google for those of us who are crazy busy with career and kids? I missed the Saturday class you all had a couple of weeks a go. will a new one be coming up?

[@BeanSprout222]

Finally yall bring in a Pro!!!!!

[@lizd.8655]

Congratulations on being such good examples for your girls! I hope you consider featuring them more often!

[@souravpati9832]

Why is she investing in S&P 500 but not VTSAX , is int VTSAX more diverse as well as get to own a bit of Vanguard ?

[@same.7939]

Whether VTSAX or VFIAX comes down to personal choice. In the long run the performance are very identical but there are some years when one might outperform the other.

[@raywelch6954]

Thank you both very much.

[@OurRichJourney]

Thank YOU for watching and commenting!!!! 😀

[@saltyflgirls8763]

I’m pretty clueless when it comes to this, but are custodial accounts taxed for gains? Do they have to file tax returns?

[@pedrofeliciano7041]

Love it. She sounds smart.

[@lizbrownux231]

Can you guys do a video on Series I Bonds?

[@alwayspositive999]

Nice video- how would you do an automated investment month over month? Thanks

[@samkimani5426]

Great video. Its important to involve and guide children in investing at an early age.

[@KLS1495]

Wow she looks just like you. I love all of you guys video and good advice. Thanks

[@nikiatimes9511]

Wow! Great info and right on time. I just open my 13yr old Daughter a Constodial account today 📈⏰ 👏👏👍I'm looking forward to sharing it with her.

[@jayman5692]

This is dope. 💯

[@OurRichJourney]

Thanks Jayman!!! 😀