The Best Gift You Can Give a Young Investor: Time
Most parents and grandparents want to give their children every advantage. One of the most valuable gifts isn’t material… it’s time. Giving a younger loved one the knowledge and ability to start early with even small investments creates an attachment to investing and leads to growth that can last a lifetime.
In this 3.5 min clip James’ shares how he got his children started with investing so they could take advantage of their time and have a “tangible connection” to building wealth.
Why starting now matters
Time > timing. The earlier you begin, the more compounding works in your favor or the favor of your loved one. Even small amounts can grow meaningfully.
You’ll also be helping your loved one form an attachment to investing from a young age, and that attachment can grow into habits that help them achieve their financial goals later in life.
A connection to investing is one of the simplest things you can do to ensure your loved one builds the right habits and takes advantage of their biggest asset. We also have a Wealth Creation Library on our website that can answer many of their questions and help them get started on their financial journey.
This message is for everyone so feel free to share and let us know if there are any topics you’d like to see us cover!
What to do next
Have someone in mind? Schedule a meeting with James and include a few details in either an email or the meeting notes, and we’ll outline the simplest path to get them started.
Prefer to talk it through? Call us at 248-643-6550 and we’ll help you choose the right account type and funding plan.