SECRET Revealed! Sisters Turn $16,000 to $65,000 in Stocks! Millionaire Family's Money Talk Exposed!
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- čas přidán 5. 08. 2023
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Our Rich Journey - SECRET Revealed! Sisters Turn $16,000 to $65,000 in Stocks! Millionaire Family's Money Talk Exposed!: You're never too young to invest! So, why not show you how our teenagers invest?! Back in April of 2020, our daughters (Sunoa and Melea) shared their investment account balances - all while talking about the pros and cons of custodial accounts. In this video, we talk to Sunoa and Melea (now ages 15 & 16) again as they go back into their investment accounts and share their portfolio growth, what they invest in, why they invest in their specific investments, what they plan to do with their investments, and more! Check out the video to learn more!
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Are there any people from Slovenia? So I could connect with them if I enrol?
I just joined the journey 🎉. I’ve been reading finance books and it feels like I’m reading another language. I also become frustrated with all of the fluff without any action items. I love how you simplify the content and get straight to the point. If your children can comprehend it, I’m confident that I can. I’m excited to learn more from you.
What is the ETF equivalent? Is there a reson you went with mutual funds vs ETF? Would VTI give a similar results?
I can only imagine how different my financial situation would be if I had these kinds of conversations with my parents growing up...hopefully these wonderful girls realize how blessed they are for having parents like these!
They are truly blessed and may not fully appreciate it until they are a bit older.
Its never too late to start. I'm 39 and barely learn to start.
Something about this makes me want to cry so much love & care.This family is rich far beyond money.
I have been following y’all for years and we are on our journey. As an educator, mother and individual on the FIRE journey, I will definitely show this to my students. My children watch it and chime in when y’all say “Join the journey” lol Your videos are such a blessing and we are grateful for the value you AND your children give. Peace and blessings to you!!! 🙏🏾
😂 haha! thank you so much for joining the journey!!! ❤️😂
This is beyond dope to see, a black family building generational wealth with real conversations for other families to learn from what works. God bless you guys, you've helped change my life and I'll use this with my kids as well. Keep growing, serving, and enjoying your journey!
I don't even have kids but this is exactly the type of conversations I want to have with them!
I love this type of conversation. Kudos to you as a family.
Thank you!!!❤️
I seriously love this conversation. It feels so organic. I wish older adults would have sat me down and started conversations about money like this. Great video. Please consider including them more.
omg! this is absolutely awesome! this should be part of school programs and also part of every parent agenda that would like to guide their kids to financial independence. Bravo Mom and Dad!
Because of your channel I started an investment account for my nephews a few years back! I add $50 a month and bump up on the contributions during their birth month (I even reach out to other family members to contribute $25-$50 for their birthday). This account has grown to over $5k in just a few years and they still have 7 years until they are 18! Thank you for sharing with us how to create generational wealth!
What kind of account did you open for your nephew? Are you taxed on the profit or your nephew?
@@Justchantel There are "529 accounts" that many people will open for a child which go toward college savings - I didn't want to do that in case my nephews don't go to college. If the child is able to earn an income, there are custodial Roth IRAs - my nephews are too young for that bc they do not earn an income. I decided to open up a regular brokerage account in my name, but with all of the money in that account dedicated toward them. My investments are separated from that so I know everything that grows in it is for them. I do receive tax paperwork for the dividends only which annually are only like $25 at this point so it has no implication on my taxes. You are able to "gift" stocks without paying any capital gains tax. The child (or young adult at the time) can sell the stocks with little to no tax depending on their income or continue to invest that money - eventually paying taxes on it down the line. You could also sell the stocks yourself and then pay the taxes on it yourself (could just take the money out of the money you gift for taxes). Lots of different ways to do this where the taxes can fall on the kid or you depending on how you do it.
@@Justchantel custodial account
What a treat that we could play "fly on the wall." Thank you for giving us this opportunity and for Sunoa and Malea to being so open to sharing this publicly! And how funny that they didn't remember the $8,000 each back in 2020! 😂 It's great that you didn't cut this out but showed how they are teenagers with certainly other pressing topics in their lives. It's great that they can have both - being teenagers and also that they can grow into responsible adults bit by bit. And it's sooo generous how you match what they invest! Again I said this before: Please adopt me! 😂 You all have a great Sunday night! xox Kati
Amon & Christina, what you’ve been doing and sharing has been life changing for so many people, including myself. THIS, sharing with us how simple it is to have these conversations with young people, the ones who will come after us, is nothing short of groundbreaking! You have a lifetime follower in me.
Thank you.
That is so sweet of you to say! ❤️ Thank you so much!!!
I am a single parent. My co worker told me about you guys over a year ago. I wish I would have listened. I love how the girls are so humble. I love how you as parents are so positive
It's not too late. You're here now so you have a chance to get started. Good blessings.
These are the great conversations we should be having with our kids.
love how accessible you both are making this conversation for your daughters. great example as these conversations were not had in my household.
Truly rare and special to see a family together working in these topics
One of your best vids ever. Totally unscripted questions with super excellent advice. Not only helping your kids but alot of young kids out there (wish I had this advice 40 years ago). Keep up the great work!
This is an inspiring update to watch. I remember that video and completely forgot it was 2020. I'm an auntie that loves my family so much. I want to share with my nieces and nephews my financial journey and why they should start now as young adults. The matching incentive is brilliant. Maybe I can figure out a way to help my little ones like this too. Thanks for the transparency and sharing this brilliant skill. Congratulations family for ensuring generational curses will not exist financially! Cheers!
This is really helpful. Thank you for showing us how to talk to and encourage our kids ❤
You guys are such amazing parents. I'll definitely do this with my son. Well done to all of you ❤🎉
I TRULY LOVE & APPRECIATE THE FAMILY FINANCIAL LITERACY TIMES YOU ALL HAVE!!!!
Congratulations, Melea and Sunoa! You are showing the world how to achieve Coast FI in real time. And shout out to mom and dad for passing on the knowledge. This type of inheritance is PRICELESS and more valuable than money. I love to see it!
It's amazing how fast kids grow up. Nice to see a family setting up for generational success!
The love, patience, care, support and attention, wow, what a great conversation! Thank you for sharing. The open conversation alone is breaking many systemic cultural norms. I hope you are proud of yourselves. The Howard family sure are!
Enjoyed the video with the girls! Yes, please continue filming and sharing your family's conversations about investing for the younger generation. As grandparents, we look forward to learning more about different ways to talk to our grandchildren about investing. Keep up the good work!
Congratulations girls! Did they start with $8000 each and just leave it alone or did they contribute monthly? I'll be turning 44 next month and I just reached my first $100k in retirement, I'm glad to see you two ladies will get to first first million much sooner 😁
In the video it was mentioned the girls are contributing approximately $100 per month from their gigs.
If you invested $10,000 in a Vanguard s&p 500 ETF in July 2020 without reinvesting dividends it would only be worth around $14,900. You would have to reinvest dividends and top up with additional capital to get to 32k.
Congrats on $100k! I've heard that the growth in your account after you reach that first $100k in insane so I know you'll see some great gains now. Working toward that number myself!
Congratulations on reaching $100K🎉
One of your best video!
Greatly appreciated the candor (honest and non scripted) of your children.
My kids - 16 & 14 - understand the importance of basic financial knowledge but would rather do just about anything than sit down and talk about it. It's clear from your discussion with yours that it takes patience, repetition, and engagement. Loved the back and forth with them and how you seeded nuggets of wisdom.
Also helpful to get their perspective of what they find motivating.
🙏
AMEN! 🙌 DROPPING GEMS 💎!!! Thank you guys this was awesome! If only MORE parents would take this level of care! “PATIENCE” is the word I came up with! Sunoa & Malia, most parents don’t have the patience to train and teach their kids to “fish”, to have them THINK thru alongside their parents about their own futures. This is a true love & care for their children… think training wheels! At the same time, many kids would just be “checked out” on a conversation like this and choose not to apply patience to sit, listen, learn eagerly and ask questions and think of options…. Who hoo! I also loved the Die with Zero reference! Makes sense! Assuming they are good stewards, Why wait until the children are 60-70? I can’t wait to see where your futures are headed! 👏 👏
Loved it- thank you for providing a blueprint on how to have these types of conversations. And thank you to your lovely girls for being open and honest. I only wish them the best with their future plans ❤
I really like this style of conversation with the kids. Although my kids are only 11 and 6, I’ll definitely use this as a guide to talk to them! Thank you for posting!
Your kids have such head start! Thanks for sharing this conversation!
What a wonderful family conversation! Thank you for setting the bar for our kids and families. We love what you are doing! ❤
I love the flow of this video, so natural and organic. I can see my own kids asking those questions.
Glad you enjoyed it! Thank you! ❤️
Wonderful to see such open lines of communication, support , and exchange of ideas between loving family members. Wishing each and everyone of you nothing but the best👍
as a person without kids (yet) i think this is such a great conversation and blueprint. great job!
This video is awesome. I have a 15 yr old and will watch this with him to start the conversation. We hope to have his first job soon and would love for him to save for the future. Often times parents don't know how to incorporate conversations like this, so this video helps. Keep making them, please. Thank you! 😊
Definately do more of this! Very imformative and so personal!
❤❤❤ thanks for sharing an example of how easy this process of talking with your kids as a family can be. ❤❤❤
Please do more! Thank you for the honesty and transparency. You guys have seriously blessed us !
I love this new video. I sometimes put your videos on while my grandson is at my house. Hoping that some of the info subconsciously will sink in. This is definitely going to be playing next weekend while he is here. He knows he has a UTMA so he will be interested.
Loved loved the relax nature of this video!! Resembles a typical conversation in a typical tone/volume!! Love it. Love it. Love it
Mannnnnn...This has to be in the top 5 videos I have watched in years. I mean this genuine sitdown was so refreshing and unique....Congrats to yall!!
Yes, please do more of these types of videos. You are modeling healthy conversations/brainstorming about money and investments for kids. Really appreciate it.
LOVE That You Are having this CONVO with the Kids. Most families don't do this
One of the best financial videos on youtube...please make more....amon you have beautiful family...so inspiring...love your communication together as a team
Thanks for this update. I was wondering how the girls were doing. It's nice to see the productive and informative conversation. More like this, please!
I love the topic.. Thank you for sharing. everyone need to see this
I’m so thankful for these videos and I can’t stop smiling as I continue through this video. So inspiring!! While I wish these conversations were had between myself and my parents as I would be significantly further ahead but these are the conversations I will be sharing with my younger sisters and my future kids. Thank you so much!
This is truly inspiring, thank you!
Wow I absolutely LOVED this inside look into your family conversations around money! My husband and I don't have kids yet and we're at the early stages of our own rich journey. Its really helpful to see because we didn't have conversations like this with our parents, but we want to be parents like this ourselves. So its is beyond valuable to have examples like you guys! Would love more of these types of videos. You guys are awesome! Thank you for all that you share!!! :)
What an amazing conversation with your children ❤️ I must show it to my 10 year old daughter!
Thank you for sharing your knowledge 🙏 😊
This was an excellent format. Very helpful from my parenting perspective. Thanks!
This is so full of important information - I'm going to send the link to my siblings who have young children. Thank you!! I'm older than you, but you were the ones who taught me about FIRE (thank you to CZcams for introducing me to your videos during the pandemic). Thank you!!!
Loved this! I have so many questions from the family aspect of these kinds of conversations (and the marriage!). I would love to hear from the girls how they create boundaries around their spending. Clearly, they know how to earn, but as a young person, there is so much temptation to buy, buy, buy. How do they balance this, especially at the ages they are now?
Watching you guys is a gift! Thanks for not being gate keepers. So much wisdom in your videos. 😊
been following you guys for a while now and I absolutely love the approach you all take as it pertains to passing the wealth down to your children. Not just from a financial standpoint but from information and thought provoking questions for them. They are well on their way to millionaires. Thank you both
I love this!
So important to have the conversations with your children.
I would LOVE to see more of these videos with the girls and discuss possible investment opportunities and just how you guys talk about money as a family. I have a 5 year old and a 1 year old and I have a book I'm planning on buying for my 5 year old, but she's already starting to say things like "can you buy me...." "can I borrow your money to buy...." so I can use some better ideas on how to discuss money to help my kids be smart investors as they get older. Thank you Amon and Christina so much for all of your work! It has been really helpful and incredibly inspiring!
Great video. Question, did they/you put in monthly after the original 8k or just the 8k?
This is inspiring, I love the thoughtful discussion. Thanks for sharing!
Loved it. Thank you for sharing ❤ I would like to see more of this family videos.
Great video and good education for the girls. I was curious was there any additional contribution in the accounts after the 8k in 2020? If yes, was the money contributing each month or when the market shows the adjustment?
I’m sending this to my teen. We have very similar talks, but never considered the incentive of “matching.” I think this would be a huge motivator for our wildling to be more mindful of their mindset about money in general.
Being around Amon in Portugal has allowed me to get some great insight. One thing he told me was this pursuit of FIRE and financial freedom you can do it alone, but with your partner its even better, and when we did it we had our kids(our team) which makes it even better! This hit home for me. I have been someone that has always had the "I can do it myself" mentality, but in this life we really cant do anything alone, you only go as far as your team! This is a perfect example. Again, thank you for all your weekly knowledge!
True that.
Marry the right person though
I love everything about this video! The family conversation format is very relatable. I love the lesson that you took from Die with Zero as well as the trading time for money lesson from Your Money or Your Life! 🤗
This is the best video you have shared as a family.
Love it.. you are great parents.
Very inspiring, I will watch again with my daughter
Wonderful!❤️
Thank you guys for not coaching them ahead of the video. it was great to get their authentic answers. i also looooove the fact that you guys are teaching them. I wish I had that as a child. I try to teach my son what I pick up. Also guys, I have traveled a good deal and visited Portugal in 2015. For some reason, it has been on my list of possible places to retire. I hope to join one of your classes and visit Portugal again.
I'm impressed at the discipline you daughters have with managing their money.
Thank you for your passion and desire to share this journey!
Loved the Video!! Shared with my kids ( 22, 20 years old) and with my wive. I’m a big fan.
I started an UTMA for my 7 year old when she was 5 because of you. I have encouraged my brothers to do the same for my nieces and nephews but that has been an uphill battle.
Thanks for posting this video! I was just talking to our 12 year old while on holiday about how it's time to open his custodial account. I can't wait to share this video with him and here's to the kids starting young! Wish we had this growing up.
I have been following you almost 2 years ago. My younger sister learned about FIRE while in graduate school and directed me to you guys as a great source of knowledge. I really love your videos (especially this one! and recall watching the girl's video 2 years ago) and have learned a lot! So much that I opened custodial accounts for both of my kids in 2021. We've invested their cash gifts (some that was hidden under the mattress! 🤫). We haven't really saved for college, we do bit by bits but doubt it will cover college expenses in 6 years when my oldest starts college. As I try to manage better our finances and make sure we put some monthly amount for college expenses, I wonder if custodial accounts will have a heavy impact on financial aid? I fund their custodial accounts monthly, wondering if I should just save it on a 529? Thank you for sharing all the knowledge. May God and the Universe continue to bless you!
I love the adoration in their faces as Mom speaks ❤
Very informative thank you very much 🙏🏾
This was an amazing conversation. I wish I was exposed to financial information when I was younger. I would’ve avoided so many money mistakes that impede wealth building. I’m sharing this video with my family.
Thank you all so
Much! You are an inspiration ! ❤ hope to
Meet you someday!
Inspirational! Would love to see more conversations like this with your daughters.
This is wonderful. The amount of education a you two are providing your young ladies is awesome. Definitely some tactics I'll utilize when I have some children.
Thanks so much for sharing, really loving these episodes , my kids are doing the same, thanks for educating us! You guys are awesome!
This is my favorite video so far. Thank you for teaching your girls and letting us see the conversations so that we know what to teach our own children.
I absolutely love this video. It's great that you continue to share your knowledge with your girls and they were willing to share with all of us. This video gave us so many ideas to share with our girls. I just wish I had people that shared this information with me when I was younger. Thank you for all the information you're willing to share. Love it 💛
Brilliant conversation!
I love everything about this conversation! Go Melea and Sunoa💪🏽‼️
Awesome work guys. I have my first born due this month and I’m excited to have conversations like this in the future.
Great video, thanks for sharing!
I love this video. The conversations, whether high and really cerebral or just basic all lead to the long term thinking. Inspirational
Again, an inspiration. Thank you for both for the good work you do. Blessings.
You all are lovely!! Love the conversation (honestly I was sitting with you at your living room). How can I open this type of account (for my kiddos)? They have little money save, but will be great if that little amount can grow.
I love this type of content. You have a great family. ❤
I love how creative they are with all of the information and concepts.
Absolutely LOVE this video, very well done to you parents, there's no other better and honest people our kids can learn from rather than us ❤️💯👏🏽😊
Yes; more conversations with the kids. It’s so hard to talk to my kids about investments real estate or stocks
LOVE the new format
This was an amazing video. Your girls are lucky to have parents like you who are so passionate , supportive and investing in their future.
I’ll be joining the program. I’m getting my accounts in order so I can invest more whether it’s stock and /or real estate as well. I want to make sure my nieces and nephews are set up for success and not have to rely on a job for income . They can live the life they want. It’s all about setting the next generation.
Thank you
Yes!! More of these please.
Wow wow wow, that's so interesting and enlightening. Thank you for being so open. I learnt a lot
I am educating my daughter and grandchildren using your videos. Thank you so much for educating me!
Awesome conversation, definitely thoughtful and inspiring. May I ask why you chose the VFIAX for the girls instead of the VTSAX you’re investing on?