Jul 13 • General discussion
Giving my children $1.25M (My plan revealed) with only $30,000
My plan is to give each of my children $1.25M (not as inheritance but rather startup capital) using only $30,000.
As you may know, Investing Accelerator focuses on getting 30% per year.
For my hedge fund, the target is to get 20% per year
Using the index fund strategy within Investing Accelerator, I expect my children's portfolio to get around 20% per year (buy and hold, not active investing).
So far, I've invested $30,000 for each of them and I plan to give it to them around 21 (when they finish university).
With 20 years of compound interest, the portfolio should be worth $1.25M without adding any money after today.
But - would I let them spend it? No.
The purpose of the money is for them to start a business (perhaps they want to buy inventory to start an eCommerce business, or buy a car wash - which you may be surprise how expensive it is $1-4M, or buy a McDoanlds lol, or start the next Google)
Either way - Capital is War Chest.
Capital is what is needed to purchase raw materials, land, and resources to start businesses to provide value in the world.
Then, the real constraint comes - not capital, but creativity.
I believe with the right amount of creativity and problem-solving skills, most challenges can be overcome with time and effort.
Money is only a slight boost to one's creative journey.
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
Founder of 5MinInvesting.com
In July, my goal is to help 5 people without a financial background to master investing through Investing Accelerator.
Investing Accelerator is designed for people without a financial background.
The goal is to achieve 30% return per year.
In the first phase, you will learn long term investing and targeting 30% for tax free compound growth. This will help accelerate your overall wealth.
In the second phase, you will learn monthly passive income to provide a more predictable cash flow (target 30% per year) which can cover your expenses. This will help accelerate your retirement goals.
Here's a step by step guide on how to join Investing Accelerator for free: https://www.skool.com/invest-retire-community-1699/how-to-join-investing-accelerator-for-free
If you are interested, then let's hop on a call to see if you can benefit from the strategies in Investing Accelerator and get 30% per year.
During the call, we will map out exactly how you can achieve 30%, what you are lacking, how you can improve.
If you have any questions about the program, you can ask during the call as well.
Schedule a call here: https://bit.ly/48mJlgR
Remember to go to the Classroom tab for additional investing resources.
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Giving my children $1.25M (My plan revealed) with only $30,000
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