The BEST Way to Teach Your Kids About Finances | Patrick Bet-David

[@ThelmaRoberts10]

I came across your channel through this video- case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

[@MrHansen_28]

You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.

[@ArthurDasche]

That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.

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I'm a newbie talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 10Ok to test the waters now that large cap stocks are at a discount

[@JanaSublett]

Mrs Martha Ann Hammerton was my hope during the 'bear summer last year . I did so many mistakes but also learned so much from it

[@MattDowling.4]

Her insights and strategies have been helpful to most of us. Remember, Success in trading and investing takes time and effort, but with dedication and discipline, it is achievable.

[@jonathanxxxx876]

I'm a plumber making over $100k a year, and I've never invested before but do have a substantial cash saving. I'm thinking about starting a Solo 401(k), but I'm stuck on what to invest in. I've watched a lot of beginner videos, but I still don't know the best way to start. Any real-life advice or tips would be really helpful.

[@GitaBoeren]

I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.

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[@Griffinguardian]

I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.

[@LemonTwistSmiles]

Melissa Elise Robinson is the licensed advisor I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment

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Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@militaryhomes6292]

For a vacation this year we are going to Universal Studios... Because my husband and I want to go. My kids GET to go because my husband and I are going. There are these Nintendo power bands there that they want to get but we think they are stupid and over priced. However we told them if they read 40 books they'll get one.... My son is rocking and reading his books but my daughter isn't trying as hard. I kinda encourage her but at the same time I don't want to actually have buy one... It'll be quite the surprise for her if her brother gets one and she doesn't but she'll learn. Lol

[@randyparlor5953]

Many Vanderbilt descendants are still extremely wealthy, they're just married into other rich families where they no longer go by the name Vanderbilt.

[@817sports]

My dad was the same way but he didn’t have the large bank account. Taught me the tough lessons I needed to learn

[@Bread996]

I have a friend in his late 40's with a wealthy father. He used to coast through life, but I warned him a decade ago that his dad might just get pissed and give all his wealth to charity. You may end up with no inheritance, so you'd be wise to start building his own wealth in the meantime.

[@FBA-Renaissance]

THANK YOU FOR THIS WISDOM AND KNOWLEDGE... I WILL APPLY IT 😎

[@MSCownage]

They made a movie of this book in the early 2000s. Cheesy, but a family favorite.

[@DonaldMark-ne7se]

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

[@Jamessmith-12]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money or you could hire a financial expert.

[@kevinmarten]

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.

[@JacquelinePerrira]

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

[@kevinmarten]

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[@JacquelinePerrira]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

[@militaryorderly5386]

This video offers some valuable insights on teaching our little ones about managing their resources. It’s essential that kids learn the importance of understanding their assets and making informed decisions. I recently came across Larysa Caba, who has some fantastic strategies for guiding families through these discussions. Her approach really helps build confidence in young people regarding their future financial decisions.

[@militaryorderly5386]

Making over 48k monthly is all because of her.

[@ivarlast2966]

I completely agree. It's never too early to start these conversations. I think making it fun can really help kids engage with the topic.

[@jasperflontes4289]

That’s a great point about building confidence. Larysa Caba’s methods seem really effective for families wanting to learn together in a supportive environment.

[@dominicleong4385]

I know Larysa Caba. she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good

[@annddyyy-6920]

I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.

[@GregoryHawk-j7u]

Patrick, you got it all figured out. The recipe you described might likely turn them to addiction. I came from that type of parental pressure, and at a certain point it drove me to substance abuse, because I knew I would never be good enough for my family.

[@daddypoker23]

You failed

[@cpope3235]

That sounds like a you problem, not a pbd problem. You chose to take drugs. Nobody else did that to you. Weak people blame others for their mistakes.

[@Redditor6079]

That's where the reward and recognition come in. Without sufficient reward and recognition, you're right the likelihood of burnout is much higher.

[@GregoryHawk-j7u]

@@cpope3235 yeah clown, that has nothing to do about what I'm talking about. Thats why I now own a successful marketing business. What do you own?

[@GregoryHawk-j7u]

@@cpope3235 You are just a broke fan boy.

[@lisaronquillo4214]

I love watching those shows Pat!! Very interesting on Fox to see the wealthy men and kids! I saw that the theme is the father’s usually have bad relationships with their children!!

[@margo_gogo]

This makes me want to read The Fountainhead again.

[@rebeltheharem7028]

Man, I wish my parents were rich enough to be able to afford sending me to so many after school activities. I would have begged for them. I couldn't even get them to buy me books because they thought it was a waste of money, so all I could read were outdated non-fiction and mostly old books from the library. Even when he's not trying to spoil his rich kids, they are already mega spoiled compared to practically anyone in the lower class. But of course Im going to do the same thing to my kids if I ever have any.

[@TheMrRobwhite]

I'd recommend Dogtooth for PBD's family film night.

[@JaniceTAshton]

I Hit 250k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in July 2024

[@StanleyHudson1]

Sounds good, how do you do that? I'm interested, how do I go about getting started?

[@StanleyHudson1]

Do you invest with a broker??I'd appreciate it if you show me how to go about it.

[@JaniceTAshton]

It's Patricia V Vesely doing she's changed my life. A BROKER- like her is what you need.

[@RumeysaYaldz-cn9if]

Her top notch guidance and expertise on digital market changed the game for me.

[@TimothyRamseys]

YES!!! that's exactly her name (Mrs Patricia Vesely ) so many people have recommended highly about her and I'm just starting with her from United States'of America, Florida 🇺🇸

[@KytiaLamour]

I appreciate the comments on this video. Glad we’re not falling for the hype. I do hope with all of the training he’s putting his kids through he’s still spending quality time and really loving on them. 💛

[@DavidKnicks]

I watched the movie about the ultimate gift. It was really good

[@hilltopsmith]

Great transmission, as always. I appreciate the no-nonsense approach you take to the news and the markets. A lot has changed and that's about it ,but the truth is that I don't even care much about the bull or bear market anymore because blick trade covered me while I'm doing comfortable.20k 30k every week and I'm still counting thanks to her ❤

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Blick trade crypto knowledge is like a secret recipe for success

[@NadiraAmer-dv5nc]

[@celestinebernard437]

I remain eternally grateful to blick trade for her efforts that got me to this point , finally paid off my mortgage and all my debts, what more could I've asked for. She changed my life for good

[@hasghab]

Please educate me, I've come across this before. How can I get to her please?

[@hilltopsmith]

Get her on

[@cheekychipolata]

Wouldn’t be surprised if they end up with quite low self esteem at always having to do what dad wants to live up to his ego and aspirations for the family.

[@sippachu9721]

How do I get a notification every 5 years to see how his kids turned out and will he fess up if they didn't meet his expectations.

[@GregoryHawk-j7u]

Nope!

[@mrwhite7222]

This is gonna backfire. He’s trying too hard.

[@gdep16]

In before these kids hardcore rebel when they’re teenagers

[@scottiedo85]

So the best way to help your kid learn about finances and a meaningful life is to authoritatively control their time and activities? If that isn’t the perfect way to create a person who then seeks conformity, obedience, and groupthink I don’t know what is. You’re teaching your children they cannot handle and thrive in the consequences of THEIR decisions. Which will ultimately, create the very thing you’re trying to prevent.

[@madferretx]

Wait this is the guy that bought Patek watches and Porche cars for his kids?

[@minimal2224]

Bought 1,000 copies and sold it to his guys lol money money money probably for a profit

[@jintz2]

I wonder what his daughter’s stage name will be…

[@GregoryHawk-j7u]

🤣🤣🤣🤣🤣

[@markmyers3409]

If they have that schedule and are getting a C grade, then you are doing it wrong PBD.

[@lisaronquillo4214]

Trump is also wise to tell his boy not to smoke or drink!!!!

[@paulmitchell2857]

Congratulations you lied to your son who does have a ridiculous schedule and instead of concentrating on one or two things he'll be mediocre at a bunch of things. Plus he will resent you for not letting him have a normal childhood. What you are doing with your children Patrick, is not new and plenty of wealthy families have tried this. The majority of times it doesn't work and they end up not having a relationship with their children later in life. The one thing that seems to work as far as having children grow up tobe successful and still have a good relationship with their parents is love and attention. Yes you still have discipline and structure but it's discussed and agreed upon. You talk to them like they are adults but remember they are children. You show them love and understanding and always be honest with them. All of this is possible and easy to do through the giving of your time and attention. That's it, just spend as much time with them as you can. If you do that almost everything falls in line. You don't have to tell them to do something or structure their lives because they will know what you want and expect of them just by being around you so much and because they love you they will want to do things that make you happy or pleased.

[@sinclairdance]

You spoiled them and then punish them for your own actions? That’s a weird story. Don’t have kids if you don’t have plans to raise them in the way you don’t have to blame them.

[@theemporium5899]

So what he is teaching is for his kids to do the bare minimum to get a reward. Are they watching or are they watching. You know what I mean. Empty vessels filled with random useless facts and no idea of who you are is a reality for many people. This is not a life anyone wants. And trust me you can resent a parent till death and never humanize them. Especially when they worship money.

[@lisaronquillo4214]

Trump and you are not like the men on the show!!!!!❤❤❤❤❤

[@jonnagap87]

He sounds so desperate! He is trying to manufacture children, not raise them. Seems like everything is a transaction or a bribe in that household. Horrible advice

[@Gocavsss]

Bro is just yappin

[@1986xuan]

Why do you think so? Just genuinely curious

[@KaranShah731]

@@1986xuanDon’t worry… he doesn’t

[@davo-ju6er]

Spoken like a true salesmen🤦‍♂️. No direct info here at all . David lies to his kids & fills their heads with metaphors .

[@honor9lite1337]

What 😮

[@kennethmeeker6369]

The direct information was showing the book cover and title and author he’s suggesting your children read , he’s not teaching the book lol 😂

[@nova396]

Tell me you are triggered by facts without saying the words.

[@yambagnelson9987]

He is clearly lying. Kid is playing sports until 7pm? When is there time for dinner, shower, school work, reading all of these books/documentaries he is forcing them to watch?

[@ericb7937]

I used to be on a swim team at 10 years old. We would finish at 7:30pm. Just saying, very possible

[@kingnick6260]

I mean, this was my elementary thru high school experience lol. Homework rarely consumed most of my time

[@Panda_J1]

I don’t believe half the stuff Patrick says either about the things he does but he is a great story teller. His schedule always seems so busy