How to Invest Your Kids' Birthday Money to Make them Millionaires!

Could you be doing something better with that $20 check from Grandma? In Episode 105 of Ambitious Money Podcast, I share the epiphany I had about how I could be better spending my son’s birthday money. If you’re like I was, you may be at a loss when it comes to gift suggestions (No more toys, please!) After scrolling Amazon for toy ideas yet again, I began looking for alternative ways these well-intended gifts of $10 here, $20 there, could be serving my child when he’d actually need it. Now, I’ve seen the serious potential my sons have to be millionaires by 50 from these these small investments I’m making now. I want to share the knowledge with you! This could not be simpler!

Did you think that you needed hundreds or thousands of dollars to start investing for your kids? With just that $20 from Grandpa, you can be setting your child up for huge returns when they’re ready for it. How?! Well, by starting young, you’ll be giving them the gift of time. Because your child will be so young when you begin contributing to their investment account, they’ll have years of compounding and growth before they even know they have it! We’re going to dive into a brokerage you can start an account with today that charges zero fees, two of my favorite choices right now to actually invest that money in (Hint- it’s not stocks!), and how intentionally contributing to this account is going to set your child up for legitimate wealth!

We’re all looking for ways to prepare our children for the future, so I just knew I needed to share this with you. If you don’t know where to begin with investing for your kids, listen now to learn how powerful it can be to just start!

Let’s dive into: