Latest / Cultural Wars | America Out Loud News / From seed money to wealth: The impact of the Dells’ $6.25B Trump account donation

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From seed money to wealth: The impact of the Dells’ $6.25B Trump account donation · Cultural Wars | America Out Loud News

• 0:10
  You're listening to the Hidden Lightness on America Out Loud Talk Radio.
• 0:13
  I'm your host, Jimmy Hinton.
• 0:16
  Well, if you remember in the one big beautiful bill, there was one thing in particular that I was actually excited about.
• 0:23
  Now the rest of the bill, uh, you can take it or leave it, but it was the provision for the Trump accounts.
• 0:31
  That is the 1,000 dollars that the government puts into a special uh investment account for children beginning uh who are born in January of 2026.
• 0:45
  Well, it turns out that Michael and Susan Dell, D E L L, that's of the Dell Corporation, Dell Computers, uh, they just donated $6.25 billion to fund Trump accounts for children who don't qualify.
• 1:09
  Uh this is fascinating to me, and again, this always goes back to.
• 1:15
  I mean, uh, on this show repeatedly, we go back to the idea that wealth does not equal greed.
• 1:26
  That people who work for their wealth, that people who uh who work hard and and make millions or billions of dollars, they love to see other people succeed.
• 1:39
  And it's very rare.
• 1:41
  Now it does happen, but it's very rare where you see wealthy people wish that uh people who are not wealthy that they just fall apart.
• 1:52
  They want to see people do well, they want to see people succeed.
• 1:58
  Now, unless you're a crook or you know, a Bernie Madoff type person, where you develop a Ponzi scheme and you're actually ripping off innocent people, which again, it does happen.
• 2:09
  There's an exception to every rule.
• 2:12
  Unless you're one of those people, unless you're a sleaze ball and you just like to break the law and you like to rip people off, which by the way, that will eventually catch up to you.
• 2:24
  Um, you're not going to get away with that forever.
• 2:28
  You will wind up like Bernie Madoff, who made off with your money, and he made off into a jail cell.
• 2:39
  So this whole idea that the wealthy people are greedy, that they're rich, that's all you hear, right?
• 2:44
  The rich billionaires.
• 2:46
  Uh get their pound of flesh.
• 2:49
  Uh get them before they get you, kind of thing.
• 2:52
  Well, it turns out that they're actually really generous, and you see this kind of stuff all the time.
• 2:56
  I don't think this is anything new.
• 2:58
  And by the way, I don't know if Michael and Susan Dell are Trump supporters or Trump haters, to be quite honest.
• 3:07
  I I have no idea.
• 3:09
  And I don't think it matters.
• 3:11
  The one thing that they do like is the idea of the Trump account.
• 3:16
  I mean, I think it's brilliant.
• 3:19
  I think it's absolutely brilliant, and I, for one, want to see people do well.
• 3:25
  I think it's terrible that we become so dependent on social security, or as Dave Ramsey calls it, social insecurity.
• 3:35
  We we become dependent on these social programs that don't work.
• 3:42
  And they leave people high and dry.
• 3:44
  I literally, I mean very literally just filled out a five-page uh application for a homeless person who we've been helping out for for months.
• 4:00
  And this person legitimately checks all the boxes, has a really bad living situation.
• 4:06
  Well, uh homelessness is never a good situation, but he and his disabled wife and disabled son are literally living in a U-Haul right now, a U-Haul truck, because they can't even afford a hotel room.
• 4:26
  And I just filled out a referral form, verifying that we did in fact help him, that we do, in fact, know his financial situation.
• 4:36
  I've seen all the documentation, he's been very, very straightforward, and my heart breaks for him and his family.
• 4:44
  It's terrible.
• 4:47
  But they are like so many others, there that so many millions of others, they're caught in this endless cycle of being dependent on the government.
• 4:58
  Um it's very sad.
• 5:03
  But I went down through the list and it shows what all they're not eligible for, which is pretty much everything.
• 5:10
  And I'm like, here is a family who legitimately needs help.
• 5:14
  I mean legitimately, and they literally deserve it.
• 5:20
  They absolutely deserve to get help.
• 5:23
  But because it's the government, they've been caught up in this endless string of red tape.
• 5:29
  And even now, I you know, I I filled out the application, and I don't know.
• 5:34
  I don't know if they're gonna accept my referral.
• 5:37
  You know, it's it's a government uh document.
• 5:46
  So there are a lot of required fields that have, you know, the red asterisk, and it says you must select one, and then guess what?
• 5:57
  There's nothing below that.
• 5:59
  So I'm like, it's one of those frustrating things where they can't even fill out a form that a fifth grader should be able to fill out pretty easily.
• 6:09
  It's literally just a bunch of boxes that you check.
• 6:13
  You know, it's a simple referral form, but they can't get it right.
• 6:17
  And so they have these required fields that you can't fill out because there's nothing there.
• 6:24
  So anyway, it may it may get rejected.
• 6:27
  I don't know.
• 6:28
  Uh I'll keep fighting for this for this family because they deserve to be fought for.
• 6:33
  But it's terrible.
• 6:34
  I mean, it's freezing cold.
• 6:36
  Our kids just had a two-hour delay from school because we got snowfall, and this couple is out there living in in this kind of weather in the back of a U-Haul truck.
• 6:51
  And I experienced this, I see this all the time.
• 6:55
  And I literally just this morning got another email asking for churches to participate and be in a safe space for uh a warming shelter for whenever the temperature is dip very low and they got to get the homeless off the street, which I don't know, I think anything under like 40 degrees is too cold to survive, really.
• 7:20
  Or it gets very difficult to survive.
• 7:24
  But this is asking churches to open up their facilities whenever we get really cold weather, uh, because what happens is, and I don't mean to be morbid here, folks, but the police end up finding dead people.
• 7:40
  They find frozen people, people who literally froze to death, and they have to start claiming and cleaning up bodies.
• 7:49
  This happens all the time.
• 7:51
  I mean, again, I don't mean to be morbid here, but this is reality.
• 7:55
  I don't know about you, but I don't like seeing people live this way.
• 7:59
  I don't like seeing people have to scrape by and survive and wait on the government only to tell them that they're not eligible for for help.
• 8:11
  I mean, this homeless family that we've been helping out, they've been homeless since May, since the beginning of May.
• 8:17
  And I've seen every single bit of documentation, and this gentleman is very intelligent.
• 8:27
  You know, he he has done every single thing that that's expected of him.
• 8:31
  Every single thing, and then beyond.
• 8:36
  But because it's government agencies.
• 8:41
  There's red tape everywhere, and and a lack of funding.
• 8:45
  You know, it's not just the red tape, it's it's the lack of funding.
• 8:49
  There are a plethora of issues, just so many issues.
• 8:56
  And uh, I don't know.
• 8:58
  It's a shame.
• 8:59
  And I don't like to see people dependent on the system.
• 9:02
  Point blank.
• 9:03
  And that's part of why I'm so vocal about health care.
• 9:06
  I don't want universal health care.
• 9:09
  I don't want the government to touch anything that has to do with my health.
• 9:13
  I mean, literally nothing.
• 9:16
  Because I've seen too many people sleeping out in the cold, laying in ditches, literally, people who've been denied health care because they're deemed uh, you know, not necessary or whatever.
• 9:36
  They get jerked around until until they lose their life, literally.
• 9:42
  And it's always going back to red tape.
• 9:45
  So I don't like to see that.
• 9:47
  And I think we can do better as a nation.
• 9:49
  I think we can do better as individuals.
• 9:52
  And I firmly believe that a big part of our ministry needs to be teaching people how to budget money.
• 10:01
  How to get jobs, how to save money, how to invest money.
• 10:06
  And so if this gives people an upper hand, if this allows people from birth to be able to start generating wealth, I am all for it.
• 10:16
  So I think it's absolutely fantastic.
• 10:19
  So Michael and Susan Dell, kudos to you.
• 10:22
  I don't know you.
• 10:23
  I don't know.
• 10:24
  I I mean, to be honest, I don't know anything about the Dells.
• 10:30
  Michael Dell is the founder and CEO of Dell Technologies.
• 10:35
  Beyond that, I literally know nothing about him.
• 10:40
  But I sure like what he's doing here.
• 10:42
  I love what he and his wife Susan are doing.
• 10:45
  So they have pledged 6.25 billion to support a new federal savings program that's created for America's children, known as Trump accounts.
• 10:57
  This is coming from a Fox business article here.
• 11:02
  The program tucked into the one big beautiful bill act and signed into law by President Donald Trump on July 4.
• 11:10
  Provides every child born between January 1st, 2025.
• 11:16
  Oh, I was thinking it's 26.
• 11:17
  It's actually this year.
• 11:19
  People born from January of this year and December 31 of 2028.
• 11:28
  They receive a one-time $1,000 government deposit at birth.
• 11:35
  Families can open an account once the child has a social security number.
• 11:40
  And funds cannot be withdrawn until the child turns 18.
• 11:46
  Alright.
• 11:47
  So it gets better.
• 11:49
  Parents and relatives may contribute up to $5,000 annually, with a cap potentially adjusted for inflation after 2027.
• 12:00
  In other words, they will bump that cap up.
• 12:03
  Most likely.
• 12:04
  I would say more than likely, they're going to bump that up from a $5,000 annual cap to it'll probably go up to something like $52, $5250 or $550.
• 12:17
  And honestly, what I would love to see is for this to be extended indefinitely.
• 12:24
  I think it's kind of a shame.
• 12:26
  The only thing I don't like about the Trump account is that it ends.
• 12:33
  You know, children are only eligible until 2028, December 31st of 2028.
• 12:41
  After that, the program goes away.
• 12:44
  I don't think that's right.
• 12:46
  I think that's a big mistake.
• 12:49
  I don't know if this is supposed to be like uh an experimental thing.
• 12:54
  I'm not really sure.
• 12:55
  We're seeing this kind of experimental thing happen.
• 12:58
  Remember recently, I did a show on universal basic income.
• 13:05
  Well, very shortly after I did that story, lo and behold, folks.
• 13:13
  I saw an article that the biggest county in the United States, which is in Illinois, and it's uh it's very near Chicago.
• 13:26
  Guess what they're doing?
• 13:28
  Universal basic income, and they just voted on it, and they're doing it indefinitely.
• 13:35
  So this is kind of interesting.
• 13:37
  They're doing it.
• 13:38
  It's happening.
• 13:40
  It's happening at multiple counties across the United States.
• 13:44
  People are not just uh experimenting with it, they're actually doing universal basic income.
• 13:51
  So these are the kinds of things that we need to be talking about.
• 13:54
  We need to be thinking about.
• 13:57
  And we need to say, okay, well, how does this impact me?
• 14:01
  How does this impact my family?
• 14:04
  And the Trump accounts most definitely are going to impact a lot of you.
• 14:10
  In fact, with this recent donation from the Dells.
• 14:15
  I was just doing some quick math and looking into it.
• 14:20
  One of my children is probably going to benefit from this.
• 14:25
  And you better believe I'm going to take full advantage of this.
• 14:34
  So we invest for our children and with our children.
• 14:39
  We let our children pick whatever stocks or ETFs or whatever they want to pick.
• 14:44
  I allow them to choose.
• 14:46
  I let them do their own research.
• 14:49
  And they have investment accounts because I think it's that important.
• 14:53
  I think it's vital.
• 14:56
  And it's not a matter of if you're able to do it, it's a matter of how do you become able to do it.
• 15:05
  And so, as you're able, even if it's $50, I highly recommend putting money into custodial accounts for your kids and start building generational wealth.
• 15:20
  I think it's really, really important and not just important.
• 15:24
  I think it's to the point where it's almost essential.
• 15:27
  I was just watching a piece where they were talking about how are young people going to be able to afford houses now.
• 15:35
  Realistically.
• 15:55
  Income has not kept up with inflation.
• 15:59
  And so a lot of these young people literally cannot afford houses.
• 16:03
  It's unaffordable now.
• 16:06
  So the down payment, you know, you're you're talking a down payment on a half a million dollar house.
• 16:12
  That's a big chunk of change.
• 16:15
  And a lot of young people just don't have it.
• 16:17
  I wouldn't have had it.
• 16:19
  There's no way.
• 16:22
  You know, my wife and I were very blessed that we were able to purchase our house during the 2008-2009 housing bubble crash.
• 16:31
  And uh, so we we got a really good deal.
• 16:35
  I mean, uh an exceptional deal.
• 16:38
  I mean, they practically couldn't give houses away.
• 16:41
  People were desperate to dump their houses.
• 16:44
  They couldn't sell them.
• 16:45
  Houses were sitting on the market for you know two years at a time.
• 16:50
  So anyway, it's getting more and more unaffordable, but uh, we'll talk more about the Trump accounts when we come back.
• 16:56
  We're coming up on a break here.
• 16:58
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• 18:59
  A promise they agree to in 2018.
• 19:02
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• 19:15
  Now is our time, my fellow.
• 19:18
  America of Mal Dot News.
• 19:21
  Liberty and Justice for all.
• 19:31
  Michael and Susan Dell gave a generous, generous amount to the tune of $6.25 billion to fund Trump accounts for kids who otherwise were ineligible.
• 19:47
  The Dell donation will cede 25 million accounts with 250 dollars 10 and under.
• 19:58
  And uh my youngest.
• 20:00
  Is 10.
• 20:02
  So you better believe I'm going to take advantage of that.
• 20:05
  Absolutely 100%.
• 20:08
  Mark my words.
• 20:10
  I'm going to take advantage of this.
• 20:12
  Now, I don't know the details.
• 20:14
  In fact, the details have not really been revealed yet.
• 20:18
  Michael and Susan, I believe we're going to meet with President Trump, and they were going to talk about details.
• 20:24
  So I don't really know much about it right now.
• 20:27
  I just know that they have pledged this six and a quarter billion dollars.
• 20:33
  That's absolutely fantastic.
• 20:35
  What a gift.
• 20:37
  What an incredible gift.
• 20:38
  And I mean that.
• 20:39
  I'm not being sarcastic.
• 20:41
  I legitimately mean that that is a beautiful gift.
• 20:46
  So it's so important.
• 20:50
  And this is what I'm talking about.
• 20:53
  Where wealthy people are not looking down the brim of their noses at people like quote unquote us.
• 21:00
  You know, they don't look at middle class people and say tissue, you know, you lowly people down there.
• 21:11
  We're going to keep you middle class because we're just greedy rich people.
• 21:17
  I believe that wealthy people want us to succeed.
• 21:21
  How do I know that?
• 21:22
  Well, because I happen to be friends with a lot of wealthy people.
• 21:28
  And they're absolutely some of my very best friends and some of the most helpful people that I've ever encountered in my life.
• 21:36
  Why?
• 21:37
  Because they pass on information.
• 21:41
  Free information.
• 21:42
  They don't charge for it.
• 21:44
  They give information and they legitimately ask my kids very good questions.
• 21:50
  They ask about their aspirations and what they want to do and how they're going to get there.
• 21:58
  How are you going to accomplish your goals?
• 22:00
  What can I do to help you?
• 22:02
  Let me brainstorm with you.
• 22:04
  Those are the kinds of conversations that I have with wealthy people.
• 22:10
  And I think it's absolutely incredible.
• 22:13
  I think that we are so much more united in this country than people ever can imagine.
• 22:21
  And all this bait rage.
• 22:24
  You know, it's like the uh, you know, let's bait them into being angry at rich people.
• 22:31
  Bernie Sanders is the king of that.
• 22:34
  I mean, a lot of them do it, but you know, these politicians that go on their oligarchy tours.
• 22:42
  We're gonna teach you about the oligarchy.
• 22:46
  Oh, these rich white billionaires.
• 22:51
  Right?
• 22:51
  It's it's like this fake anger, this rage baiting.
• 22:58
  They bait people into being angry, and and and people fall for it.
• 23:03
  Well, some people do.
• 23:05
  I think that most people are actually pretty intelligent.
• 23:09
  And I think that most people get a good sense that probably the majority of people in this world are actually pretty decent people.
• 23:20
  That they're not out to get you.
• 23:22
  Yeah, a lot of institutions are.
• 23:25
  But at least they're kind of honest about it.
• 23:27
  You know, the credit card companies.
• 23:30
  You you'd have to be silly to not know that they're out to get you.
• 23:33
  They're not your friend.
• 23:36
  They're not giving you deals.
• 23:37
  They're like, oh, we're we're giving you a deal.
• 23:39
  I just got a thing in the mail the other day.
• 23:41
  It's it was like, um, yeah, we're giving you a good deal.
• 23:46
  It's the deal of a lifetime.
• 23:48
  Or no, it was an email.
• 23:49
  It was an email about Venmo.
• 23:51
  We're giving because we like you so much, we're giving you a deal of a lifetime.
• 23:57
  You've been personally selected.
• 23:59
  And I'm like, just out of morbid curiosity, I checked it out, and uh, it was exactly what I thought it was going to be.
• 24:06
  It was a dumb sign up for a credit card, and we'll give you 250 dollars credit.
• 24:13
  No thanks.
• 24:14
  No, I'm good.
• 24:15
  I don't need a credit card.
• 24:17
  I don't want it.
• 24:18
  I'm I'm happy not spending your money.
• 24:22
  Um, which really is my money because there's no such thing as free money.
• 24:28
  They don't just give it away, folks.
• 24:30
  They're not that generous.
• 24:33
  So anyway, I think most people probably realize that that wealthy people are not out to get us.
• 24:42
  That just because you're rich doesn't mean that you're dishonest.
• 24:47
  So I'd rather take the 250 dollars that uh, you know, I said there's no such thing as free money.
• 24:58
  The exception to that is when people are benevolent and they just give money away.
• 25:04
  So this is a case in point.
• 25:06
  There's there are no strings attached, and that's what I mean.
• 25:10
  You know, typically when people are giving away money, it's it's the credit card deal.
• 25:13
  It's the sign up, give us your email, and let us sell all your information, you know, that kind of scammy thing, uh, scammy, spammy, whatever you want to call it.
• 25:23
  But uh, you know, there are genuine people who uh they give money and there are no strings attached.
• 25:30
  So this is one of those cases where there are no strings attached, except for you abide by the rules of the Trump account, right?
• 25:43
  You can't give more than $5,000 annually.
• 25:46
  I'm fine with that.
• 25:48
  I don't have more than $5,000 to give.
• 25:51
  Um I would be very lucky if I even had $5,000 to give.
• 25:57
  I just don't have an extra, all these extra $5,000 sitting around.
• 26:02
  But for some people that they might, or they might pick up an extra job.
• 26:07
  Yeah, I've seen plenty of people do that because they love their kids so much that they pick up extra hours, or they pick up an extra job, an extra part-time job, because they want to see their kids succeed.
• 26:21
  And I will pretty much stake my reputation on this fact that there are gonna be people out there who take advantage of this.
• 26:30
  It may not be a ton of people, it may not be millions and millions of people, but there are gonna be enough people out there who don't take this for granted.
• 26:41
  They're not gonna take it for granted.
• 26:44
  Right now, 25 million people, 25 million additional people literally have the chance of lifetime to do something for their kids, to do something meaningful, to start building wealth, and I'll talk about the numbers here in a little bit, and the numbers are actually pretty incredible.
• 27:07
  Um they have the chance to do that.
• 27:12
  And I guess the question is are 25 million people, are all 25 million people gonna just let this pass them by.
• 27:21
  You know, it'll end up being 250, and then they never put another penny in that account, which they'll still make you know, a couple thousand dollars.
• 27:34
  But are they gonna do that, or are there gonna be people who are genuinely people like myself?
• 27:39
  I am genuinely grateful for this.
• 27:41
  I mean incredibly grateful.
• 27:44
  What a gift.
• 27:47
  What an absolute beautiful gift.
• 27:51
  I just wish it uh applied to all of my children, but my other two are too old.
• 27:59
  But look at this.
• 28:01
  Um here's what the couple said in a statement.
• 28:06
  This is the Dells.
• 28:08
  They said these investment accounts are simple, secure, and structured to grow in value through market returns over time.
• 28:17
  At age 18, these young Americans can have a financial foundation for continued education, job training, homeownership, or future savings.
• 28:27
  It's a simple yet very powerful idea.
• 28:30
  That's what I'm talking about.
• 28:33
  That's how a lot of wealthy people think about us.
• 28:37
  You know, people who are quote unquote beneath them.
• 28:42
  You know, and I'm I'm using that a little bit sarcastically because that's not how they think of us.
• 28:47
  They think of us as other human beings, and they want to see us succeed.
• 28:53
  They want to see people succeed.
• 28:56
  So let me read that again.
• 28:57
  I think that's a very powerful statement.
• 29:00
  They said these investment accounts are simple, secure, and structured to grow in value through market returns over time.
• 29:07
  At age 18, these young Americans can have a financial foundation or continued education, job training, homeownership, or future savings.
• 29:18
  It's a simple yet very powerful idea.
• 29:22
  I love that.
• 29:24
  I absolutely am.
• 29:26
  I can't tell you how excited I am about the Trump accounts.
• 29:29
  I really am.
• 29:31
  When I saw they came out, I did at least one, maybe two shows on that.
• 29:36
  I just I was super beside myself.
• 29:39
  Very excited about this.
• 29:41
  And none of them, none of my kids were eligible, and I still was that excited.
• 29:47
  But now I'm looking at this and I'm like, what an incredible gift.
• 29:53
  You're funding, you're seeding 25 million more additional accounts.
• 30:00
  That's absolutely stunning.
• 30:03
  Michael and Susan Dell seeding 25 million accounts.
• 30:12
  This is a gift.
• 30:14
  And I would take that a step further.
• 30:16
  This is a gift from God.
• 30:20
  You don't get these kinds of opportunities every day.
• 30:22
  I hope that people who are listening who have young children and children who are going to be eligible for this.
• 30:29
  I hope and I pray, it is my prayer that you take full advantage of this.
• 30:33
  Do not let this pass you by.
• 30:37
  Life is so tough.
• 30:40
  Inflation is not going away.
• 30:42
  Inflation is a mathematical fact.
• 30:46
  Things will always get more expensive.
• 30:49
  The dollar is about to take some pretty big hits.
• 31:02
  And the way that you do that is you uh take the interest rate and you start dropping that down.
• 31:12
  So he's been putting tremendous pressure on Federal Reserve Chair Powell.
• 31:18
  He's been calling them names and everything else, and you know, threatening to fire him, which I don't think he can do.
• 31:25
  Um, but he really doesn't like Jerome Powell.
• 31:30
  Well, why is that?
• 31:31
  Because Jerome Powell has kept the interest rates high, and Trump wants a weaker dollar.
• 31:39
  Because what that does, you weaken the dollar, the stock market tends to fly.
• 31:45
  Now a lot of weird stuff has been happening.
• 31:47
  Typically, when the dollar is as strong as what it's been, the stock market doesn't scream uphill.
• 31:55
  Uh, but the stock market, if you look at it, it's been doing quite well since President Trump took office, and it continues to do quite well.
• 32:06
  So anyway, he wants a weaker dollar, and that means your dollar is not going to go as far.
• 32:14
  So you factor in inflation to that, and it's kind of a double whammy.
• 32:20
  So it's getting harder and harder for your kids to save, it's getting harder and harder for your kids to afford cars, food, any kind of necessities.
• 32:29
  So don't we want to put them on a good path?
• 32:31
  Don't we want to start investing in their future now?
• 32:36
  For me, it's a resounding yes.
• 32:37
  It is an absolute no-brainer, absolutely 100%.
• 32:44
  I want to do everything in my power.
• 32:46
  My kids are still young, so I am speaking to uh parents here, but I'm also speaking to grandparents.
• 32:53
  Because you guys have the opportunity too to set your kids up on a successful path.
• 33:02
  You have the ability, you have every bit as much of an ability to put money into these accounts as the parents do.
• 33:10
  Up to $5,000.
• 33:13
  And so if you're able, my opinion is you certainly ought to be willing.
• 33:22
  And like the Dell said, this will set them up for uh, you know, financial foundation for continuing education, uh be at college or a trade school, job training, home ownership.
• 33:41
  Remember that down payment that I talked about?
• 33:44
  Well, this account alone could very easily provide a down payment.
• 33:52
  Or they said it sets up a foundation for future savings.
• 33:56
  In other words, you take this money and you continue to invest in it.
• 34:01
  Now imagine that.
• 34:02
  I talk to my kids about that all the time.
• 34:03
  What if you what if you take these accounts, these custodial accounts, and you never touch that money?
• 34:10
  What if you just use this as your early start to retirement?
• 34:16
  And you just keep funding it.
• 34:18
  They would be millionaires.
• 34:20
  These kids would be millionaires by the time they're in their mid-20s, early 30s.
• 34:26
  You know, if these accounts are funded properly, there's no reason why our kids can't be set on a path to success.
• 34:36
  That's why I get excited about these programs.
• 34:42
  So treasury projections show that the Trump accounts offered to American children would grow into seven, a seven-figure nest egg by adulthood if maximized and left a compound.
• 34:56
  Do you do you hear that?
• 35:01
  Is that worth taking on the extra side job or picking up a few extra hours of overtime if if if it's offered to you?
• 35:10
  To me it is.
• 35:13
  The financial head start for newborns could grow to as much as 1.9 million by the age of 28 if fully funded and left untouched.
• 35:26
  In other words, from age newborn newborn to age 18, you max it out at $5,000 a year, and then you never put another penny into that.
• 35:39
  You just let it grow.
• 35:40
  You let compound interest do its thing.
• 35:43
  By the age of 28, it'd be worth just shy of $2 million.
• 35:51
  Oh, I can't come up with $5,000 a year.
• 35:53
  Well, where there's a will, there's a way.
• 35:56
  I know somebody right now, I have a very good friend who's delivering pizzas on the side.
• 36:04
  He's in his mid-40s.
• 36:08
  He's uh making decent money.
• 36:12
  But he delivers pizza on the side.
• 36:14
  I don't know why.
• 36:15
  I didn't ask him.
• 36:16
  It's none of my business.
• 36:18
  But in my mind, I'm like, I think I might know what he's doing.
• 36:23
  You know, there are typically only two options.
• 36:26
  One is he's got a massive amount of debt, and he's trying to pay that debt off, which if he is good for him.
• 36:33
  I think that's incredible.
• 36:35
  But option two is he's taking side income that he doesn't need, and he's funding something for his kids' future.
• 36:46
  You know, that's automatically where my mind goes too, but I'm not gonna ask him, it's none of my business, but I know several people who are doing that kind of stuff.
• 36:53
  They're taking side jobs, and good for them.
• 36:56
  Kudos.
• 36:58
  You can do it.
• 36:59
  These jobs are not beneath us, they're not beneath any of us.
• 37:04
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• 37:06
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• 37:11
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• 37:18
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• 37:21
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• 37:26
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• 39:04
  Michael and Susan Dell, they are of the Dell Technologies Corporation.
• 39:11
  Um Michael Dell is the founder and CEO of Dell Technologies.
• 39:18
  They've pledged 6.25 billion dollars to seed 25 million accounts for children with 250 e.
• 39:32
  These are for children 10 and under.
• 39:34
  So currently, under the bill that was passed on July 4th, that was the one big beautiful bill.
• 39:43
  Under that bill, every kid who's born from January 1st of this year until December 31st of 2028, they receive 1,000 in this account.
• 39:57
  It's seed money.
• 39:58
  The government puts that.
• 40:00
  Money, that thousand dollars into a secure account where people are free to invest inside of that account.
• 40:07
  They can trade, they can invest, uh, they can buy whatever stocks or mutual funds or ETFs or whatever it is that they want to buy.
• 40:17
  And I think it's absolutely fantastic.
• 40:19
  So it would be maxed out at $5,000 or capped at $5,000 per year, and it really sets kids on a path to success.
• 40:29
  So Michael and Susan Dell said, well, that's great for all these newborns, but what about other young kids?
• 40:38
  And so they decided on an amount, and they said, you know, it would take $6.25 billion to fund every single kid age 10 down to birth, where the one big beautiful bill takes over for them.
• 40:53
  Now they can't fund it for a thousand dollars each, but hey, 250, we'll take it.
• 41:00
  So what does that look like?
• 41:01
  Let's say that you invest inside of that account.
• 41:05
  Let's say you max it out.
• 41:06
  So it'd be $416.66 a month.
• 41:12
  And again, some people would bellyache and they'd be like, oh, I can't, I'd never be able to come up with that money.
• 41:19
  To me, that's just kind of an excuse.
• 41:22
  Because where there's a will, there's a way.
• 41:25
  And if you're able, physically able, physically, mental, uh, all that other good stuff, if you're able to pick up a side job, you could easily pick up a few hours.
• 41:37
  I mean, a few hours.
• 41:41
  And you can make an extra $100 easily.
• 41:47
  And I know because I have a friend who's delivering pizzas right now.
• 41:51
  He's in his mid-40s, he's delivering pizzas.
• 41:55
  Um, I don't know why he's doing it, but I think it's pretty cool.
• 41:59
  I think it's great that he's doing it.
• 42:02
  And I used to deliver pizzas.
• 42:04
  I actually loved that job.
• 42:06
  I had a lot of fun at that job, and I had friends who uh who worked with me, and we had a good time.
• 42:12
  I made really good money.
• 42:15
  Now that's going back, you know, 25 plus years, but uh I was making pretty good money.
• 42:23
  You know, I I could easily and in one night.
• 42:27
  Now it was a college town, but I could pick up, you know, ease pretty easily, $100 cash tips, plus my wages.
• 42:38
  You know, I'd work like a three, four hour shift, and I could pull in hundred plus dollars in tips, plus my hourly wages.
• 42:51
  Plus at the time, we got one dollar for every place that we delivered.
• 42:57
  So it was kind of a like a gas bonus.
• 43:01
  And I imagine that's increased in the past 25 years.
• 43:05
  So, you know, that's just one example.
• 43:08
  And I see local pizza places here, they advertise all the time, and they're like, set your own hours.
• 43:14
  If you want to work five hours a week, we'll still hire you.
• 43:19
  So, you know, sometimes we we come up with excuses and we want to talk about how bad the rich are because I don't know, maybe it makes us feel better, and um you know, it makes us feel like we're we're helpless, and that uh we just can't do anything beyond our current situation.
• 43:38
  I refuse to believe that.
• 43:41
  You know, I'm one of those people who I just look for opportunities, and I think this is great.
• 43:49
  I I really legitimately I wish I could find Michael and Susan Dell and just shake their hand and thank them.
• 43:59
  This is a really really generous gift.
• 44:03
  And more importantly, it's gonna set people up for people who are serious for parents and grandparents who are serious about this, you're gonna set your kids up for success.
• 44:12
  Now I know a lot of people, well, that's that's just not that much money.
• 44:16
  $250, what could you possibly do with that?
• 44:21
  Well, let me just give you one number.
• 44:25
  If you start with your kid now, if you have a newborn, and you start now, you max it out, five thousand dollars a year, and you find something that gets about a 10% return, which is not that hard to do.
• 44:40
  My kids actually found investments that that do better than 10%, they're pretty good little investors.
• 44:49
  But if you're at a conservative rate of 10%, that kid, by the time your kid is 18 will have a quarter of a million dollars, 250,230.
• 45:04
  Not bad.
• 45:06
  You know, if you're picking up a few extra hours a week.
• 45:11
  Um, and I'm not talking about being an absent parent.
• 45:15
  I'm not talking about working 80, 90, 100 hours a week.
• 45:19
  Talking about picking up a few extra hours and pick up a side job.
• 45:22
  Um, we have school teachers who work at one of our local ski resorts, actually, quite a lot of them.
• 45:30
  And they do that to get the discounts, they get a family discount for skiing.
• 45:35
  And I'm like, that's kind of a cool idea.
• 45:38
  Like, I actually commend them for doing that.
• 45:41
  Is pick up a few few hours on the side, and they're reaping tremendous benefits.
• 45:48
  They get to take their whole family skiing because otherwise it's very unaffordable for uh for typical people.
• 45:56
  You know, skiing is it's it's not cheap anymore.
• 46:00
  But the point is this.
• 46:02
  I mean, you absolutely can and should do this.
• 46:07
  This is a gift.
• 46:10
  Uh the treasury projections show that the Trump accounts offered to American children could grow into a seven-figure nest egg by adulthood.
• 46:21
  Your child could literally be a millionaire by picking up a few extra hours of work.
• 46:33
  How can you get any better than that?
• 46:37
  The financial head start for newborns could grow to as much as 1.9 million dollars by the age of 28, if fully funded and left untouched, according to the Treasury Office of Tax Analysis.
• 46:53
  Even at the lower end of projected returns, the savings account could still yield nearly $600,000 over the same period.
• 47:03
  Oh, boo-hoo, right?
• 47:07
  Oh, my kid only got six hundred thousand.
• 47:12
  You know, you're your kid got $1.9 million.
• 47:16
  My kid only got six hundred thousand.
• 47:18
  You know, I could see people getting into fights over this.
• 47:24
  My kid only got six hundred thousand.
• 47:26
  I'd be all right with that.
• 47:30
  Even without additional contributions beyond the federal government's initial one thousand dollar deposit, the treasury estimates the account could grow between three thousand and thirteen thousand, eight hundred over eighteen years.
• 47:45
  That's if you never put a single penny in.
• 47:49
  Now that's the Trump account.
• 47:51
  That's the under the one big beautiful bill.
• 47:54
  That's not what the Dells are doing.
• 47:57
  That's the $1,000 that your kids get at uh birth.
• 48:02
  If you never put another dime into that your kid would have very conservatively between $3,000 and $13,800 over 18 years.
• 48:12
  So by the time they're 18.
• 48:16
  So you could either have $3,000, $3,000 to $13,000, or you could max that out and have at least a quarter of a million.
• 48:30
  I'd be maxing that bad boy out.
• 48:33
  That's just me.
• 48:34
  I am pedaled to the metal.
• 48:36
  When I see opportunities like this, I mean, that's a thing.
• 48:39
  You can either jump on these opportunities or you can just kind of yawn at them.
• 48:44
  And my fear is that a lot of people are going to yawn at this or not even know that it exists.
• 48:52
  And if you don't know that it exists, you're not going to be maxing it out.
• 48:58
  So that's part of why I'm doing the show here.
• 49:00
  That's why I'm so excited about it, and I'll probably do more because I want people to know about this.
• 49:05
  I want people to be aware.
• 49:07
  We have to have knowledge.
• 49:10
  If we're going to put our kids on the right track, if we're going to bless them, if we're going to set them up for success, we've got to have knowledge.
• 49:21
  We've got to know about what's out there, and I'm not talking about government aid.
• 49:25
  I'm not talking about finding programs.
• 49:28
  I'm talking about ways to genuinely build wealth, ways to buy assets, to put our money to work.
• 49:38
  We work hard for our money.
• 49:39
  I don't know about you, but I work long, long difficult hours.
• 49:47
  Ministry's tough.
• 49:49
  It's, I mean, I am I flirt with burnout quite a bit.
• 49:54
  It's tough.
• 49:57
  And I'm not crying here, I'm not complaining.
• 49:59
  I love it.
• 50:00
  Love what I do.
• 50:01
  But it's just, it's it's hard work.
• 50:06
  And I could name a thousand professions where it's just hard work.
• 50:15
  I mean, many of you know, you know what it's like to literally lay your head down on the pillow at night and just collapse because you're exhausted.
• 50:23
  We work hard for our money.
• 50:27
  And I'd rather not just spend it away.
• 50:30
  If we're gonna work that hard for that money, I'd I would much prefer putting it to work.
• 50:38
  And especially if we're gonna benefit our kids.
• 50:42
  You know, it's tough out there, folks.
• 50:45
  It's a tough world.
• 50:48
  And we can work on this.
• 50:50
  We can do this.
• 50:51
  We can set our kids up for success.
• 50:54
  Let's not squander this gift.
• 50:58
  All right.
• 50:59
  We have choices all the time.
• 51:01
  And we can choose to go out to eat, to buy the coffees, to buy Christmas presents and overdo it, or uh to invest in the future for our kids.
• 51:14
  And I think it's you know, so important that we don't squander things like this, that we don't forget about them.
• 51:20
  This donation by the Dells is one of the largest private investments in American children in history, according to Invest America, a nonprofit organization that helps spearhead the initiative to develop these kinds of accounts.
• 51:39
  Um Michael Dell said, quote, we feel super excited to be able to make a difference in millions of children's futures and create opportunity, hope, and prosperity for them.
• 51:52
  If you think about, he goes on to say, if you think about the power of compounding and what these accounts are likely to become over 10, 20, 30 years, that's super significant.
• 52:04
  You know, if nothing else, what this does is it puts on the radar of the kids.
• 52:11
  Now, the parents have to educate the kids, but it puts this onto the radar of the kids that hey, we can start investing in our future right now.
• 52:22
  And that's why I think it's so vital, and I think it's really important, and I hound on this all the time because a lot of parents aren't doing this.
• 52:31
  They don't talk about finances with their kids, they don't talk about the future with their kids.
• 52:39
  A lot of adults are not putting money in their own retirement accounts.
• 52:44
  And it just, you know, it it sets yourself up for financial ruin and disaster.
• 52:51
  And I just see it too often, and it breaks my heart every single time that I see somebody struggling and struggling and struggling when all it would have taken is a few thousand extra dollars and let compound interest do do the rest, do its job.
• 53:06
  And that's exactly what Michael Dell's talking about.
• 53:09
  You see, wealthy people understand that, they get that, they comprehend it.
• 53:14
  And they'll do everything to fight claw and crawl their way to wealth.
• 53:24
  That's why, you know, a lot of people don't understand that.
• 53:26
  They don't get that a lot of these people started from literally nothing.
• 53:30
  There are so many wealthy people who were homeless or living in poverty themselves.
• 53:37
  And they just they they literally pinched every single penny, and they learned how money behaves.
• 53:44
  They learned how to put the money to work, they learned about compound interest, they learned about investing, they learned about how you buy assets and what the difference is between an asset and a liability.
• 53:58
  And they learned about economics, and they constantly read.
• 54:03
  They read, read, read.
• 54:06
  So I promise you, your life, your children's lives will be so much less stressful.
• 54:15
  If you put them on a path to success right now, start them while they're young.
• 54:21
  And if you have friends, talk to your friends about it.
• 54:25
  Tell people, let people know that these accounts exist.
• 54:29
  Because if people don't know, I always say people don't know what people don't know.
• 54:34
  And if they don't know that these accounts exist, they don't know that they can be putting money into these accounts, and if they don't know that they can be putting money into these accounts, they're certainly not putting their money to work.
• 54:46
  And so people think that they're doing their kids favors by buying them all these presents that quite honestly, a lot of them the kids just forget about over time.
• 54:56
  When you could take that money and you could you could divert some of that money and put it into investments.
• 55:02
  Now, I'm not saying that you have to max out every single account.
• 55:07
  But the idea is to start talking to your children about investing now and let them watch the money grow.
• 55:14
  I think that's such an important step to show your kids.
• 55:19
  You know, I open up uh I open up the the kids' account fairly often, and I'm like, hey, just as an FYI, you should take a look and see what your money's doing.
• 55:31
  And sometimes it's down and sometimes it's up, and I think they need to see how the market behaves.
• 55:38
  But when they see, you know, a thousand, two thousand, three thousand dollars in in compound interest that they didn't have to work for that money.
• 55:47
  That's their money working for itself.
• 55:49
  Their money is put to work.
• 55:51
  They get excited about that.
• 55:53
  Because what they see is not greed, they see a future.
• 56:00
  And I think that's where it's really important for us to separate, you know, to teach our kids not to be selfish and not to be greedy and not to not to just go out and buy, buy, buy, buy, and spend, spend, spend, and you know, fill their shopping carts full of things and think that there's happiness in that.
• 56:18
  There's not.
• 56:20
  But boy, do I hate to see kids struggle.
• 56:23
  I I really don't like to see kids struggle when they're young, these young adults who don't stand a chance of ever buying a house.
• 56:31
  Uh, I just I don't like to see them struggle.
• 56:33
  So, yeah, good on Michael and Susan Dell.
• 56:37
  Uh, what a fantastic gift.
• 56:39
  I I'm just I'm beside myself.
• 56:40
  I'm so excited about this, and I think this is gonna change the lives of a lot of kids.
• 56:47
  Well, you can find more out about my show and get all the latest podcasts if you go to the menu navigation bar at America Outloud.news under our shows or schedule.
• 56:56
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• 56:57
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• 57:00
  When there's so much darkness that envelops the world, remember that it doesn't take much light to expose that darkness and to ultimately inspire other people.
• 57:08
  Join me in being light.