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Why Stocks Are the Best Gift You Can Give a Child · Earn Your Leisure

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  Speaker 3: So the last one that we'll talk about is stock gifting.
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  Speaker 2: Remember that that post you put up like that was
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  Speaker 2: years ago.
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  Speaker 1: We're like, yo, instead at a baby shower getting gifts,
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  Speaker 1: we should be Brian stocks That really didn't pick up.
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  Speaker 2: People really didn't take advantage of that.
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  Speaker 1: But that's one of these things, right, Like, if we
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  Speaker 1: know the advantage of investing in the market, right and
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  Speaker 1: we have a child that is coming into this Wow,
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  Speaker 1: And it doesn't even have to be a baby shower.
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  Speaker 1: It could be any type of holiday, it could be
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  Speaker 1: a birthday, it could be Christmas. Yes, it's cool to
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  Speaker 1: have cool toys and have nice items, but the one
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  Speaker 1: thing we know about those items is that they're gonna
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  Speaker 1: hold no value after we open and they're not gonna
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  Speaker 1: appreciate time. Even if it's a collectible like a sneaker
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  Speaker 1: or something a child at seven eight not they're wearing
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  Speaker 1: that shoe and they're gonna wear that thing to death
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  Speaker 1: and it's gonna be worth nothing after it was purchasing one.
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  Speaker 1: Whereas if we put it into an investment like a
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  Speaker 1: stock on atf on index, we know long term that
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  Speaker 1: that's gonna appreciate, and so we need to get in
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  Speaker 1: the habit of at least thinking that way. Right, we
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  Speaker 1: can now gift an asset that's going to appreciate over
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  Speaker 1: the course of someone's life, and even if they don't know.
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  Speaker 1: I think that's the perfect part of it. A lot
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  Speaker 1: of times, and we've seen people be gifted stock and
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  Speaker 1: they're like, what is this? What do I do with this?
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  Speaker 1: It now becomes a teaching lesson again, Right, you always
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  Speaker 1: have to have an inflection point in any point of education,
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  Speaker 1: the fact that you've done something that is completely different
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  Speaker 1: than buying a PlayStation, Right, maybe you buy Sony stock
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  Speaker 1: in addition to it. Right, so now it's best of
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  Speaker 1: both for us. Well, here I invested in the actual item,
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  Speaker 1: but here we invested in the company too. Here's why
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  Speaker 1: we did it, and here's how long you're going to
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  Speaker 1: hold it. It's an inflection point now to increase the
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  Speaker 1: intelligence of a child that you know that becomes contagious. Right,
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  Speaker 1: the kid now gets to explain to him his peers
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  Speaker 1: and his cousins and his friends what happened, and hopefully
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  Speaker 1: they explain to their parents. That's how you build education
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  Speaker 1: in the community. Digress, Yeah, for sure.
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  Speaker 3: And the irs allows tax free gifts of eighteen thousand
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  Speaker 3: dollars a year. Whow So we have never really talked
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  Speaker 3: about gifting too much, but you can gift eighteen thousand
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  Speaker 3: dollars a year tax free. So we talked about the
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  Speaker 3: tax benefits as far as you know if you're a
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  Speaker 3: self employed person. But this is another way to kind
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  Speaker 3: of a tax purposes benefits.
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  Speaker 2: Is you know, when you're talking.
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  Speaker 3: About stock gifting, the tax aspect is a major part
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  Speaker 3: of it. So this is a you can you can
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  Speaker 3: gift tax free up to eighteen thousand dollars a year, right,
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  Speaker 3: and it doesn't have to be just stocks, but we're
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  Speaker 3: talking about stocks right now, so that's the main focus.
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  Speaker 3: But it's the same principles that apply when we talked
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  Speaker 3: about all of the other stuff.
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  Speaker 2: Right.
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  Speaker 3: You you can literally take ten thousand dollars a year
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  Speaker 3: and gifted to your child or to your grandchild, and
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  Speaker 3: that's tax free and that same compounding interest growth will occur.
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  Speaker 3: So that's another benefit of you know, gifting, is that
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  Speaker 3: the tax aspect of like, that's a great way to
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  Speaker 3: utilize the tax system in America and to still benefit
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  Speaker 3: the next generation.
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  Speaker 1: Yeah, and somebody's going to ask, well, how do I
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  Speaker 1: give to It goes back to the third way that we
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  Speaker 1: said that you can create a millionaire situation for your
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  Speaker 1: child open the up my account, right that up my
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  Speaker 1: account is super important number. Again for the tax purposes,
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  Speaker 1: but again this is now something you can put assets
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  Speaker 1: inside of, whether it be collectibles, whether it be real estate,
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  Speaker 1: whether it be I bid to invest in bitcoin. This
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  Speaker 1: is a definite must if you're trying to build wealth
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  Speaker 1: for your children, right, you have to have an up
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  Speaker 1: my account. In fact, I encourage everybody after they watch
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  Speaker 1: this video or tomorrow morning, go to your broker's account,
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  Speaker 1: whichever one you use, and I've done it on each
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  Speaker 1: one of them. So Fidelity has it, Chuab has it,
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  Speaker 1: each Trade has it.
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  Speaker 2: Open.
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  Speaker 1: Then up my account and just open it. Put five
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  Speaker 1: hundred dollars in there. In the same way we talk
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  Speaker 1: about dollar cost averaging. Right, this is another key thing.
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  Speaker 1: The same way we talked about dollar cost averaging. Make
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  Speaker 1: sure that you have a plan into putting money into
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  Speaker 1: that upme account. Don't just leave it at the five
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  Speaker 1: hundred that you did to open and thinking that it's
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  Speaker 1: going to grow. We told you the threshold from a
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  Speaker 1: tax standpoint, we told you the things that you can
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  Speaker 1: invest inside of it.
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  Speaker 2: Make sure that there's a plan to put.
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  Speaker 1: Assets until it can accumulate to something that's going to
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  Speaker 1: be worthwhile in the future.
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