Latest / The Table with Anthony ONeal / Investing Expert: Turn $1,000 Into $1 Million: The Math They Don't Teach

Transcript

Investing Expert: Turn $1,000 Into $1 Million: The Math They Don't Teach · The Table with Anthony ONeal

0:03
[SPEAKER_00]: Every 10 seconds, a child is born in the United States of America.
0:12
[SPEAKER_00]: If we add that math up, that means almost 10,000 babies are born a day.
0:21
[SPEAKER_00]: And I want to say this on the very beginning of this episode, that most of these babies will start with absolutely nothing.
0:28
[SPEAKER_00]: Most of these babies will come into families that are living paycheck to paycheck, that their mothers and fathers love them dearly right, but they don't have the financial means to set them up for success.
0:41
[SPEAKER_00]: Or this even go deeper, they may have the financial means, but they don't have the financial education to make the right decisions to set their child up for success.
0:53
[SPEAKER_00]: But today, we're gonna have a conversation that I believe can change all of that,
1:00
[SPEAKER_00]: In 2024, about 3.6 million babies were born in the United States of America alone.
1:08
[SPEAKER_00]: That exact math is going to put us right around 9800 babies a day down to 1 baby every 10 seconds.
1:17
[SPEAKER_00]: Half of young adults under the age of 35 have about $5,500 or less in savings.
1:27
[SPEAKER_00]: Most 18 year olds in America, the United States of America have only a couple of thousand dollars to their name.
1:38
[SPEAKER_00]: most young adults, 18, or let's say 22, 23 graduating college are stepping into adulthood with maybe a few thousand dollars in a bank and the lack of financial education.
1:52
[SPEAKER_00]: We're not talking about tens of thousands invested since the board of the members.
1:56
[SPEAKER_00]: We're not talking about the financial education and the wisdom and knowledge to make the best decisions when they graduate college, when they graduate high school,
2:05
[SPEAKER_00]: Ask me how do I know this because I am a professor at the Virginia Union University as you can see and the amount of students that come into to my classroom, like consumer economics class and do not even understand the basic financial education.
2:24
[SPEAKER_00]: Doesn't shock me because I was in the same place, but it does alarm me that in 2026.
2:31
[SPEAKER_00]: We're not teaching our kids.
2:34
[SPEAKER_00]: about money, we're teaching them how to work, we're telling them to go into debt to get more education, but we're not giving them the proper tools and resources to set them up, to set them up.
2:54
[SPEAKER_00]: In the last week, there were news and a part of it kind of bothered me a little bit.
3:04
[SPEAKER_00]: While I have my own personal thoughts and opinions about this particular administration, while I have my own thoughts, I'm about some of the things that our president says and does.
3:23
[SPEAKER_00]: This is not a political show.
3:26
[SPEAKER_00]: This is a money show.
3:27
[SPEAKER_00]: This is a show.
3:28
[SPEAKER_00]: This is a platform that must help all people, especially African-Americans, minority individuals, get out of the red and get into the black.
3:40
[SPEAKER_00]: On my own personal time, I have conversations about politics, but on this platform, I never will have a conversation about politics.
3:51
[SPEAKER_00]: As we go, we could see there's Nicki Minaj
3:57
[SPEAKER_00]: Hoding hands and Nicki Minaj vows to do this and vows to do that and a lot of people have their opinions today.
4:05
[SPEAKER_00]: I want to talk about the Trump account today.
4:07
[SPEAKER_00]: I want to talk about how do we set up young people to win.
4:11
[SPEAKER_00]: Today, I want to have the conversational light man.
4:15
[SPEAKER_00]: What if our parents started with just the bare minimum.
4:21
[SPEAKER_00]: So that when we turn 18, we don't have to apply for student loans.
4:27
[SPEAKER_00]: We can just go to college.
4:27
[SPEAKER_00]: When we turn 22, 23, and graduate from college, how do we have 50, 100,000 dollars to our name?
4:34
[SPEAKER_00]: When we get to our 30s, how do we have $1,000,000 or a name?
4:38
[SPEAKER_00]: When we get to 55, how do we have $2,3 plus million dollars for our name?
4:44
[SPEAKER_00]: Check this out, family.
4:45
[SPEAKER_00]: Did you know that nearly four and 10 Americans still have zero money invested in the stock market?
4:52
[SPEAKER_00]: That's a gap where wealth is built or missed.
4:56
[SPEAKER_00]: If you're just saving, you're falling behind because the market's average close to about a 10% a year for a century while your savings account is barely keeping up with inflation.
5:07
[SPEAKER_00]: I want to make this plan.
5:08
[SPEAKER_00]: If you wait just five years to start investing, you could lose out on hundreds of thousands of dollars in the future wealth.
5:15
[SPEAKER_00]: That's not height, that's real math.
5:16
[SPEAKER_00]: The wealthiest 10% of Americans now own over 90% of all stocks because they started and they stayed consistent.
5:24
[SPEAKER_00]: But here's the thing, you don't need to be rich to honestly get inside of the investing game.
5:29
[SPEAKER_00]: With platforms like so-fi and best public and moomu, you can open the account today, start with as little as a dollar, literally, and buy fractional shares of the same assets that have built generational wealth for millions.
5:42
[SPEAKER_00]: No commissions, 100% no excuses on your income.
5:46
[SPEAKER_00]: Listen, I need you to hear me clearly.
5:48
[SPEAKER_00]: Stop sitting on a sidelines.
5:49
[SPEAKER_00]: Go to amphonyonil.com for Session Best right now to compare the top investing platforms and opening your first investing account today.
5:58
[SPEAKER_00]: Your future self and your children's chosen will thank you for taking action right now.
6:03
[SPEAKER_00]: We have to start building well, not just watching others get rich.
6:08
[SPEAKER_00]: Do not let another year go by.
6:11
[SPEAKER_00]: As a matter of fact, don't let another day go by.
6:13
[SPEAKER_00]: Take the first step, family.
6:15
[SPEAKER_00]: Visit amphonyoneo.com for Sasha Invest.
6:18
[SPEAKER_00]: Let's get to work.
6:19
[SPEAKER_00]: Starting investing ASAP.
6:21
[SPEAKER_00]: Let's get back to the show.
6:22
[SPEAKER_00]: Building credit the traditional way as slow and confusing and most credit cards want you to rack up debt just to boost your score.
6:30
[SPEAKER_00]: You see how you think that you had to choose between saying debt free or having a good credit score.
6:36
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6:39
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6:48
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6:51
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6:53
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6:54
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6:56
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6:59
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7:07
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7:10
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7:14
[SPEAKER_00]: users see an average of 34 points increase in their credit score.
7:18
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7:22
[SPEAKER_00]: These aren't just numbers.
7:23
[SPEAKER_00]: These are real people getting a proof for homes and getting better interest rates.
7:28
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7:30
[SPEAKER_00]: There's another month of paying higher interest rates on everything.
7:34
[SPEAKER_00]: A good credit score can save you.
7:36
[SPEAKER_00]: A lot of money.
7:36
[SPEAKER_00]: Thousands on a mortgage.
7:38
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7:40
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7:43
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7:53
[SPEAKER_00]: I want you to build credit net debt freeway because your future self.
7:57
[SPEAKER_00]: We'll thank you You see what this new Trump account Every child born between the year 2025
8:09
[SPEAKER_00]: and year 2028, get say $1,000 in all the head start.
8:14
[SPEAKER_00]: Automatically invested in American companies.
8:19
[SPEAKER_00]: Now, for a lot of us watching this, you already have a child.
8:25
[SPEAKER_00]: What we're gonna go through today is I want you to take the same math.
8:27
[SPEAKER_00]: I want you to take that $1,000 out of your savings account and put it into the accounts we're gonna talk about today.
8:35
[SPEAKER_00]: And then follow the math and I really want you to think about this.
8:41
[SPEAKER_00]: And I always leave with this.
8:42
[SPEAKER_00]: I don't give a crap about what the White House does.
8:47
[SPEAKER_00]: I'm focused on my house.
8:50
[SPEAKER_00]: And whenever a law comes from the White House, I have to then assess how does this impact my house.
8:56
[SPEAKER_00]: And if it doesn't impact my house or impact my family, and the people who I love, men, I got to focus on making sure that I'm good, my family's good, and my community is good.
9:11
[SPEAKER_00]: to break down what this really means.
9:14
[SPEAKER_00]: And I want to break down the numbers.
9:16
[SPEAKER_00]: If we're using the S&P 500, historically, the average rate of return of 10.5 percent, this is specifically from the years of 1957 through the years of 2025.
9:29
[SPEAKER_00]: Last year, I went back and looked at every single year.
9:33
[SPEAKER_00]: And the average was about 10.5 percent of an annual rate of return.
9:40
[SPEAKER_00]: And I want to break this down.
9:41
[SPEAKER_00]: If you open up a Trump account and get that $1,000, or if you just go put $1,000 into an S&P 500 index fund, I want to give you the scenarios right now up front of how this could change your child's life, your nieces and nephews life, your loved ones life.
9:59
[SPEAKER_00]: Listen, man, I'm to the point, I don't have kids.
10:02
[SPEAKER_00]: And I don't know whenever God is gonna allow me one to get married and one to have kids.
10:08
[SPEAKER_00]: But I have five nieces in nephews, and I have two amazing cousins who I adopted.
10:14
[SPEAKER_00]: And from the time Theo, who's the oldest nephew, mine was born, I opened up a 529 account for them.
10:21
[SPEAKER_00]: And I want to show you the numbers of how my nephews and how your kids and how your loved ones can be.
10:30
[SPEAKER_00]: And a large portion of this watching are in the same boat as me.
10:33
[SPEAKER_00]: I don't have kids.
10:36
[SPEAKER_00]: whether you have any loved ones, do you have any nephews, you have any nieces?
10:41
[SPEAKER_00]: I don't give away birthday gifts.
10:42
[SPEAKER_00]: I don't buy toys.
10:45
[SPEAKER_00]: I put money into a file 29 into an IRA because I do not want my nephews and my nieces to have to struggle the way that I struggle.
10:56
[SPEAKER_00]: To have to struggle the way their parents struggle to start off.
10:59
[SPEAKER_00]: To have to struggle the way my parents started.
11:01
[SPEAKER_00]: When they started, no, I want them to graduate with money and with knowledge.
11:08
[SPEAKER_00]: So let me give you scenario one.
11:09
[SPEAKER_00]: We're going to have this up on the screen.
11:10
[SPEAKER_00]: I don't know how it and our teams are going to put this on the screen.
11:12
[SPEAKER_00]: But I really want to walk through these three different scenarios.
11:16
[SPEAKER_00]: So you can really see the picture.
11:19
[SPEAKER_00]: $1,000 invested at birth left alone just for 18 years.
11:25
[SPEAKER_00]: At 10.5%, you never put anything else in it.
11:29
[SPEAKER_00]: You just put $1,000 in there or you open up $1,000 in the Trump account by the age of 18 or within 18 years that account has worked a little over $6,000.
11:43
[SPEAKER_00]: By the age of 28, again, and nothing's in there, that account has worked $16,254.
11:53
[SPEAKER_00]: By the time they get to 55,
11:56
[SPEAKER_00]: Again, $1,000, not touched for 55 years, is worth almost $240,000 dollars.
12:10
[SPEAKER_00]: So that's the scenario.
12:12
[SPEAKER_00]: If you just open up an account with $1,000 of you already have a kids and invest it into an S&P of $500 index fund, or,
12:20
[SPEAKER_00]: You open up your Trump account and I'm going to go through this later on how you could do that, how you could take advantage of it.
12:26
[SPEAKER_00]: If you had a baby born between last year, 2025, up to the year of 2022, there is a certain kind of way you guys do it and I will explain that and drop all the information aside of today's show notes.
12:36
[SPEAKER_00]: But now, I don't believe the majority of you all are going to just let that sit there and not contribute to anything and not contribute anything to it because that's just not what we teach here.
12:49
[SPEAKER_00]: inside in the black community.
12:52
[SPEAKER_00]: We don't do that.
12:54
[SPEAKER_00]: So I'm going to give you another scenario.
12:56
[SPEAKER_00]: Let me give you another scenario.
12:58
[SPEAKER_00]: I call it a scenario too.
13:00
[SPEAKER_00]: This is where we have $1,000 in air, but they're now we're adding $1,000 a year to it, which is about $83 a month.
13:06
[SPEAKER_00]: All right.
13:09
[SPEAKER_00]: Here's a scenario.
13:09
[SPEAKER_00]: $1,000 at birth.
13:13
[SPEAKER_00]: Because a thousand dollars a year was about $83 a month by the age of 18, right?
13:18
[SPEAKER_00]: Now they got 55 little over 55 close to $56,000 sitting inside their investment portfolio.
13:28
[SPEAKER_00]: I want to stop right there before we get to the next number.
13:31
[SPEAKER_00]: How could your life have changed if you were 18 years old and you had almost $56,000 to your
13:42
[SPEAKER_00]: to either go into the world road and get a job or go into college with 55,000 dollars.
13:50
[SPEAKER_00]: But I don't want to stop there.
13:53
[SPEAKER_00]: Let's break it down.
13:55
[SPEAKER_00]: By age 28, now we're looking at about $168,000.
13:58
[SPEAKER_00]: Wait a minute, family.
14:02
[SPEAKER_00]: Wait a minute, wait a minute.
14:05
[SPEAKER_00]: If your kid is watching my show and if you're watching my show and teaching your kids the power of compound interest and the power of letting your money sit by the time they turn 55 that have a little over 2.6 million dollars to their name.
14:26
[SPEAKER_00]: I don't know where but y'all my team edits this show but Ed come back to me.
14:38
[SPEAKER_00]: and say the average person will retire with about $350,000 in a 401k and some other small person if they are invested.
14:54
[SPEAKER_00]: How was your life change if you could retire with $2.6 million?
15:02
[SPEAKER_00]: You haven't got a pool from the principal.
15:03
[SPEAKER_00]: You can just pull from the entrance of the year and live off with that.
15:07
[SPEAKER_00]: That's gonna be close to least $120,000, $30,000 a year that you can pull just from interest.
15:14
[SPEAKER_00]: But I won't tell you, this is just the bare minimum of $83 a month.
15:20
[SPEAKER_00]: This is the bit we haven't even gotten into what I suggest and on today's episode I'm not going to get into that I want to show you all just simple basic math that if you set your kid up and while they're growing and while they're evolving and while they're maturing you're teaching them and you're showing them hey this is your money son this is your money daughter
15:45
[SPEAKER_00]: And if you put in an extra 15% of your income, you can have $18 million by the time you get the 55.
15:57
[SPEAKER_00]: But wait, I ain't done yet.
15:59
[SPEAKER_00]: I'm gonna give you one more scenario.
16:02
[SPEAKER_00]: I'm gonna, I, I, I, I, I, I, I, I, I, I, I, this is what I call, this is what I call the rich baby scenario.
16:11
[SPEAKER_00]: This is when we're gonna ask $75, $100 a year.
16:16
[SPEAKER_00]: Within the Trump account, you can add $5,000.
16:20
[SPEAKER_00]: You can contribute up to $5,000 into that account.
16:24
[SPEAKER_00]: But then if you have an employer who is going to be giving money as well, they can contribute up to $2,500 that they can write off to your child's account.
16:32
[SPEAKER_00]: So when we do the map, that's the extra $625 a month.
16:37
[SPEAKER_00]: So what I want to do is, OK, cool.
16:39
[SPEAKER_00]: Let me show you the map, y'all.
16:42
[SPEAKER_00]: If, and I'm going to break this down,
16:47
[SPEAKER_00]: Let's say you opened up a $1,000 IRA and you or you got the $1,000 from the Trump account, either or, right?
16:55
[SPEAKER_00]: And let's just say mom and dad for the first 18 years or let's say up until the time, yeah, I'm going to do 18.
17:02
[SPEAKER_00]: We're going to do a necessary one to 18 for the first 18 years you're doing that.
17:06
[SPEAKER_00]: You're putting $625 a month.
17:09
[SPEAKER_00]: Technically, it's going to be right around, right around 400, 450 from yourself.
17:17
[SPEAKER_00]: And then this is just, if you employ your did it, right?
17:20
[SPEAKER_00]: That's total of $625.
17:22
[SPEAKER_00]: Now, if you could put $625 a month in there by all means, but I want to show you what could happen if you just went all the way out and you maxed this thing out.
17:33
[SPEAKER_00]: A thousand dollars at birth.
17:34
[SPEAKER_00]: by the age 18, that's 625 dollars a month.
17:37
[SPEAKER_00]: By the time they turn 18, I just get excited when I see this, put this up on the screen.
17:42
[SPEAKER_00]: They're going to have $381,000.
17:43
[SPEAKER_00]: $381,000 at 18.
17:44
[SPEAKER_00]: Let's leave it right there.
17:55
[SPEAKER_00]: We're going to come back to the other two.
17:58
[SPEAKER_00]: I'm going to give you the other two by 28 by 55.
18:01
[SPEAKER_00]: But I won't leave this right there.
18:03
[SPEAKER_00]: Where would you be at today if your parents gave you a check for almost $400,000 at 18 when you graduated?
18:13
[SPEAKER_00]: I'm 42 this year.
18:14
[SPEAKER_00]: If my parents would have gave me 381,000 dollars.
18:20
[SPEAKER_00]: I would have never been in debt.
18:23
[SPEAKER_00]: I would have went to school and paid for it all cash.
18:27
[SPEAKER_00]: And I would have bought, yes, a nice car.
18:30
[SPEAKER_00]: And I would have become a homeowner at 18.
18:34
[SPEAKER_00]: And right around that time at 18, I would have probably bought a home for about a town home or a condo for like 1,125, 150,000 dollars.
18:46
[SPEAKER_00]: I'm already working on my net worth portfolio at 18 because my parents thought about me when I was just coming out the womb.
19:00
[SPEAKER_00]: Before they even turned 30 by the age of 28,
19:03
[SPEAKER_00]: They'll have a little over $1.1 million.
19:08
[SPEAKER_00]: Now, for me, I am not going to force my nephews and my niece, and when I'm blessed to have children, I'm not going to force my kids to do what they don't want to do, but I'm going to make sure that they understand the power of how we set them up.
19:33
[SPEAKER_00]: $625 to a good index fund, to a good IRA by the age of 55 by the age of 55.
19:43
[SPEAKER_00]: I'm saying it's one more time by the age of 55.
19:48
[SPEAKER_00]: They can have $18 million.
20:03
[SPEAKER_00]: 18 million at 55.
20:11
[SPEAKER_00]: Do you know what they can pull off of that?
20:13
[SPEAKER_00]: Just to interest and leave that?
20:14
[SPEAKER_00]: Oh man, now we're talking about generational wealth.
20:18
[SPEAKER_00]: And I get emotional when I think about this.
20:24
[SPEAKER_00]: Because what happens now?
20:28
[SPEAKER_00]: We just changed our family's treat.
20:45
[SPEAKER_00]: Now what's going to happen, when they have kids, they're going to open up an account for them because they see what happened with them.
20:56
[SPEAKER_00]: Let's just say to guy 10 million, this is go to the to the lower end.
21:01
[SPEAKER_00]: If they just pull a quarter million dollars out of year, because they're dead free, they ain't gotten them.
21:11
[SPEAKER_00]: They just pull that out from the interest that their money is making.
21:15
[SPEAKER_00]: Now what happens is they pass the principle onto their children and onto their grandchildren.
21:22
[SPEAKER_00]: Now, brothers, I'm talking to the brothers here, fathers here.
21:28
[SPEAKER_00]: Now, that's legacy with our last name.
21:32
[SPEAKER_00]: I think the reason why I get so emotional is because I'm the last living O'Neal.
21:38
[SPEAKER_00]: within my family's bloodline.
21:40
[SPEAKER_00]: I'm not the last living male in my bloodline, I don't know that, but my mom's maiden name was O'Neill.
21:47
[SPEAKER_00]: Her last name is Gibbons now, and my father's last name is Ross, so I have my mom's maiden name.
21:54
[SPEAKER_00]: And so when I look at my legacy with my children when I'm blessed to have some, I pray that God does bless me with the male, with the young boy, because now the O'Neill is starting over
22:08
[SPEAKER_00]: I want to repeat this, because I really want this to stick with you all.
22:20
[SPEAKER_00]: If you do nothing, but claim the $1,000 from the Trump account or put $1,000 in the IRA, invest it into the S&P 500.
22:29
[SPEAKER_00]: Your child would have about $6,000 minimum by 18.
22:38
[SPEAKER_00]: That's $55,000 by the age of 18.
22:44
[SPEAKER_00]: Or by the time before the event that hit 30, they got a net worth nearly close to 200,000 and 2.6 by them by the time they're $55.
23:02
[SPEAKER_00]: I think the reason why I pause and I get so emotional about this is because
23:08
[SPEAKER_00]: We have the opportunity to change and set our younger generation up to win.
23:20
[SPEAKER_00]: If you and your employer together contribute $7500 a year, you're talking about $380,000 by the age of 18 up to almost 18 million by the age of 55.
23:36
[SPEAKER_00]: Heck, that's one million by the time they turn 28.
23:46
[SPEAKER_00]: Why is this so important?
23:54
[SPEAKER_00]: Why do you think I get so emotional about this?
23:59
[SPEAKER_00]: research shows that kids who have investment accounts and learn about money earlier on in life or more likely to go to college and complete and not taking any breaks by a home in their 20s and build massive wealth before they hit their 40s.
24:23
[SPEAKER_00]: Even early childhood investment programs have led to over 60% of individuals who have higher income by the age of 30 compared to kids who do not have that kind of support financial
24:53
[SPEAKER_00]: how a dose, our age, handle, saving, investing, and financial stress.
25:02
[SPEAKER_00]: Can I say something that's probably going to rub some of you all wrong and hopefully it will challenge you, hopefully it will convict you?
25:10
[SPEAKER_00]: The reason why some of us are broke is not because of our job or the inclin we have.
25:14
[SPEAKER_00]: It's because our parents failed us.
25:19
[SPEAKER_00]: And they didn't intentionally fail us.
25:21
[SPEAKER_00]: but they felt it's because they weren't taught either.
25:26
[SPEAKER_00]: So our parents couldn't teach us what they didn't know.
25:32
[SPEAKER_00]: That's the first problem.
25:33
[SPEAKER_00]: Can I give you the second problem?
25:39
[SPEAKER_00]: And I know I'll make some criticism for this, but I just gotta say it.
25:46
[SPEAKER_00]: We'll get on the internet and repose Nicki Minaj
25:52
[SPEAKER_00]: Holding hands, we'll get on the internet and give our opinions and do the research on her outfit.
26:00
[SPEAKER_00]: What she had on, that, that, but we won't get on the internet and do the research to see how can we get out of that?
26:06
[SPEAKER_00]: How can we build, well, how can we set our kids up to win?
26:10
[SPEAKER_00]: Man, Nicki Minaj and Donald Trump, they're already freaking millionaires.
26:17
[SPEAKER_00]: I don't care about that.
26:20
[SPEAKER_00]: Do I have my pens on the policies side of things?
26:22
[SPEAKER_00]: Deaths I do.
26:25
[SPEAKER_00]: But I'm not going to put more energy into that over securing myself and my family and my future kids financial future.
26:37
[SPEAKER_00]: Because this should.
26:46
[SPEAKER_00]: You know.
26:50
[SPEAKER_00]: my responsibility.
26:53
[SPEAKER_00]: When I look at my nephews and I look at my niece, they are not my financial responsibility.
27:01
[SPEAKER_00]: They are Glenn and he bet Henry's responsibility and my little brother John responsibility.
27:13
[SPEAKER_00]: But I also have a responsibility to expose my loved ones to the wealth of knowledge that I have been able to learn.
27:27
[SPEAKER_00]: I don't want my kids getting 18 and they don't know anything about money, but they know everything about celebrities, basketball players, football players, you know, artists and hip-hop artists and rap artists, they know all the latest and greatest dances, they know how, you know, what's the coolest car out there, what's the number one name brand item, but they don't know how much money they have to the name, but they don't know what a freaking IRA is, they do not know what debt is.
27:55
[SPEAKER_00]: I'm literally in my classroom talking to 19 to 20 year olds.
27:58
[SPEAKER_00]: I'm like, what is debt?
28:05
[SPEAKER_00]: How does interest work?
28:11
[SPEAKER_00]: And I'm not knocking them.
28:13
[SPEAKER_00]: because that's why I'm here.
28:15
[SPEAKER_00]: That's why I'm at an HBCU.
28:16
[SPEAKER_00]: That's why I'm back in school myself at Regent University to get my doctorate degree in a finance and investin' because I wanna make sure I go back to my black people, my black brothers and sisters, whether they're younger or old and teach them this information, but I want you all to partner with me and to pass this down to our young ones.
28:35
[SPEAKER_00]: because think about this.
28:37
[SPEAKER_00]: We're on our phones for everything else.
28:38
[SPEAKER_00]: Our kids are on their phones, playing games, looking up social media, watching YouTube.
28:42
[SPEAKER_00]: What if you put their account on their phone?
28:45
[SPEAKER_00]: So hey, son, let's, hey, daughter.
28:47
[SPEAKER_00]: Let's look at your account today.
28:49
[SPEAKER_00]: What if you gave your kid an assignment every single month?
28:53
[SPEAKER_00]: Hey, you're assignment every single month before I give you any kind of commission or quote unquote allowance or before I give you any more money, you have to write me a report every single month.
29:03
[SPEAKER_00]: How much money did you make this month from your money sitting in this account?
29:10
[SPEAKER_00]: Then you got to look up what is another ETF or index fund or stock that we should look into?
29:18
[SPEAKER_00]: What if you use this phone, not just to entertain them and to keep their attention so you can do about the stuff around the house and you're knocking at, but what if you can get them to the point to where they are coming to you saying, mom, dad, look how much money is in my account?
29:34
[SPEAKER_00]: Now what happens is at five years old, at 10 years old, you're having a conversation about money.
29:41
[SPEAKER_00]: Now they're excited because they see at 10 years old they're worth $10,000.
29:46
[SPEAKER_00]: At 18 years old, they're worth $55,000 to $100,000.
29:51
[SPEAKER_00]: When they graduate college, while they're in college and they're taking these classes, they're excited because while they hear everyone else dressing.
30:02
[SPEAKER_00]: They look at their calendar, I can't believe I got 300,000 in this account.
30:08
[SPEAKER_00]: It starts.
30:11
[SPEAKER_00]: a cycle of excitement, it positions your children to think differently from the average person.
30:23
[SPEAKER_00]: Now we can start teaching their kids about earning power.
30:29
[SPEAKER_00]: Now we can start having a conversation like, hey, when you graduate college debt free, you're
30:39
[SPEAKER_00]: Do you want to take that money and go buy a house?
30:41
[SPEAKER_00]: Maybe, or maybe go buy a condo to start off, right?
30:45
[SPEAKER_00]: And then now we're starting to have a conversation up, okay, we can buy a condo for $200,000.
30:50
[SPEAKER_00]: You put $150,000 down.
30:52
[SPEAKER_00]: You pay $50,000 on a mortgage.
30:53
[SPEAKER_00]: You live there until like you bought 30 years old.
30:56
[SPEAKER_00]: Then you take that, keep that on your portfolio.
30:59
[SPEAKER_00]: and now you rent this out.
31:01
[SPEAKER_00]: Now you got to pay for a condo that's generating you income growing in appreciation.
31:05
[SPEAKER_00]: So now, daughter, now, daughter, we got to talk about this is what we call and real estate investment.
31:10
[SPEAKER_00]: This is what we call assets.
31:13
[SPEAKER_00]: This is what we call appreciation.
31:15
[SPEAKER_00]: This is what we call net worth building.
31:19
[SPEAKER_00]: Do you see what we're doing?
31:23
[SPEAKER_00]: We want to jump on shape room and know what all these other millionaires are doing.
31:27
[SPEAKER_00]: We want to know and give our opinion on what they should be doing and how they should be voting and what the heck is going on with them.
31:34
[SPEAKER_00]: But we're not taking the time to really get the knowledge and a wisdom.
31:40
[SPEAKER_00]: The word of God simply says is that people perish for the lack of knowledge.
31:44
[SPEAKER_00]: And I believe that you're dreams and some of the things that we desire perish because we haven't taken the opportunity to really learn.
31:54
[SPEAKER_00]: I want to ask you a question, and honestly, I want you to put this in a comment section.
32:06
[SPEAKER_00]: How would your life be different if you started with $100,000 at $25,000?
32:13
[SPEAKER_00]: How would your life be different if you started with $100,000 after graduating college in your
32:24
[SPEAKER_00]: I don't want you to rush this answer.
32:25
[SPEAKER_00]: I want you to be honest with yourself.
32:28
[SPEAKER_00]: I really do.
32:32
[SPEAKER_00]: How?
32:35
[SPEAKER_00]: Well, I think about my life, man.
32:37
[SPEAKER_00]: And don't get it twisted, man.
32:39
[SPEAKER_00]: I was raised by four loving parents.
32:41
[SPEAKER_00]: I have a unique situation because I've never said it this way on my show.
32:50
[SPEAKER_00]: But my biological father had every right to be completely upset with my mother.
32:56
[SPEAKER_00]: He had every right to...
33:02
[SPEAKER_00]: I ain't gonna say that.
33:07
[SPEAKER_00]: But man, my four parents came together.
33:11
[SPEAKER_00]: Out of a situation that I think in 2026 will be an ugly situation.
33:22
[SPEAKER_00]: But my family came together for me and they taught me everything that they could.
33:29
[SPEAKER_00]: Every single thing that they could.
33:32
[SPEAKER_00]: So now with my responsibility to take what they taught me and then add on to what they taught me from the things that God has exposed me to.
33:45
[SPEAKER_00]: My children are going to start off their life.
33:47
[SPEAKER_00]: My nephews and nieces are going to start off their life with hundreds of thousands of dollars inside of their accounts.
33:54
[SPEAKER_00]: Hundreds of thousands of dollars to their name.
33:59
[SPEAKER_00]: The chocolate babies, Ebeddin, Green Henry's kids, they're already rich because of their name on YouTube and all the amazing stuff that they are doing.
34:08
[SPEAKER_00]: And they put that money to an investment for them.
34:10
[SPEAKER_00]: So, my nephews and nieces are going to start off wealthy.
34:15
[SPEAKER_00]: even Elijah might my little brothers, babies are already wealthy.
34:20
[SPEAKER_00]: Because our family, we understand the importance of investing in our early age.
34:32
[SPEAKER_00]: We have the opportunity to change things.
34:35
[SPEAKER_00]: So for those who are saying, you know what Anthony, I'm going to take advantage of the Trump account.
34:42
[SPEAKER_00]: I'm going to give it a practical things here that you need to do to open it up.
34:48
[SPEAKER_00]: You can open it up, starting July 4th, okay?
34:52
[SPEAKER_00]: Step number one is you got to make sure your child has a social security number, all right?
34:56
[SPEAKER_00]: Then step number two.
34:58
[SPEAKER_00]: When you file your taxes, you got to check the box on the Form 4-5-4-7 title Trump account election or elections to claim your Trump account.
35:09
[SPEAKER_00]: The Step 3 is the account is open in your child's name, but you are the custodian until they turn 18.
35:17
[SPEAKER_00]: Step four, and you can add up $7,500 per year.
35:21
[SPEAKER_00]: $5,000 from the parents, $2,500 from employers.
35:24
[SPEAKER_00]: For an example, we learned that the Uber is even contributing to their staff members' Trump account.
35:35
[SPEAKER_00]: Step number five is that money invested in a low-cost index fund, think like the S&P 500.
35:41
[SPEAKER_00]: So this is not a savings bond, and this is,
35:46
[SPEAKER_00]: something that is going to be powerful.
35:50
[SPEAKER_00]: Some of the key things that you should know about the Trump account based upon my studies and my reviews.
35:54
[SPEAKER_00]: No contributions are required, but every dollar you add accelerates to go.
36:00
[SPEAKER_00]: The growth, not the goal, the growth.
36:03
[SPEAKER_00]: At 18, your child could use the money for college.
36:08
[SPEAKER_00]: First home, or they can keep it growing for retirement.
36:12
[SPEAKER_00]: After 18, it functions like a traditional IRA.
36:16
[SPEAKER_00]: So withdrawals for education, or if first home, they can withdraw penalty free.
36:22
[SPEAKER_00]: Listen, if you want to learn more about the Trump account, if you want to look into it, and go to Trumpaccounts.gov.
36:29
[SPEAKER_00]: I will link that inside, and here's my thing.
36:31
[SPEAKER_00]: If the White House is going to give us something, if this administration is going to give us something, I don't know if they just respectfully.
36:46
[SPEAKER_00]: We've got four years of this administration.
36:52
[SPEAKER_00]: Let's try to get something out of it.
36:54
[SPEAKER_00]: I'm gonna leave it there.
36:57
[SPEAKER_00]: I'm gonna leave it there, because my philosophy is I will always respect the presidency.
37:07
[SPEAKER_00]: I will always respect the president.
37:12
[SPEAKER_00]: I can say this respectfully, Barack Obama was my favorite president, followed by Bill Clinton.
37:20
[SPEAKER_00]: The way Barack Obama was disrespected, I wish people could respect people, even though they disagree with a lot of things that they may do or say.
37:44
[SPEAKER_00]: But in my opinion, he was a great president, but when I look at other people, black or white, we don't know how to disagree with someone and still respect them.
38:01
[SPEAKER_00]: And I've learned if I don't have something positive to say, I'm a shut up period.
38:13
[SPEAKER_00]: period.
38:14
[SPEAKER_00]: That's why I have a money platform, not a a politics platform.
38:24
[SPEAKER_00]: Listen, this is going to be powerful.
38:33
[SPEAKER_00]: I believe that we have something here that could be transformational.
38:38
[SPEAKER_00]: And when I say we have something here, I'm not necessarily talking about the Trump accounts.
38:41
[SPEAKER_00]: I'm saying, we have an opportunity to set our kids up to make sure that they don't have the same show goes that we have.
39:01
[SPEAKER_00]: The amount of information that we have backstays to now.
39:05
[SPEAKER_00]: If our kids do not have a head start, when they turn 18, when they graduate from college, we fail, God.
39:16
[SPEAKER_00]: We fail them.
39:20
[SPEAKER_00]: You can attack me, you can, you can say Anthony, you're not a father, but no, man, listen.
39:26
[SPEAKER_00]: You can't tell me you couldn't put nothing in there, you drive in a car, a 2025 or 2026 car.
39:31
[SPEAKER_00]: You can't tell me that.
39:33
[SPEAKER_00]: You can't tell me you couldn't open up in the account and you got on a little bit of a time purse.
39:39
[SPEAKER_00]: You can't tell me that you couldn't do this and you're living in a high rise or you're living in an expensive condo and expensive apartment complex.
39:50
[SPEAKER_00]: that you could not set your kids up because I promise you I would say for 60 to 70% of the people if you show me your bank statement, I can show you where you're spending your money.
40:08
[SPEAKER_00]: I can't even tell you where your heart is.
40:15
[SPEAKER_00]: I want my kids to know that they have more.
40:19
[SPEAKER_00]: I want to be in heaven looking down on my grandchildren and saying, I did that.
40:30
[SPEAKER_00]: I did that.
40:32
[SPEAKER_00]: Me and my wife did.
40:38
[SPEAKER_00]: I want my great-great-great-great-grand-trudgeon who I will possibly never ever meet to still know my name.
40:44
[SPEAKER_00]: I want their mother to believe, no, I didn't get a chance to meet great-great-grandpa Anthony O'Neill, but this is who he was.
40:52
[SPEAKER_00]: This is what he stood for.
40:55
[SPEAKER_00]: And son, his blood is inside of you.
40:58
[SPEAKER_00]: You have his last name.
41:01
[SPEAKER_00]: Dordor.
41:03
[SPEAKER_00]: Today you have his last name when you get married you will lose it but you still have his DNA.
41:11
[SPEAKER_00]: It is our responsibility to carry on a legacy that he started for us because of him.
41:16
[SPEAKER_00]: Your great-grandmother and great-grandfather continued his and then your granddad and grandma.
41:26
[SPEAKER_00]: Tought us.
41:29
[SPEAKER_00]: So I is my responsibility to teach you because of
41:33
[SPEAKER_00]: 50, a hundred years ago.
41:37
[SPEAKER_00]: Whew, I get excited about that.
41:39
[SPEAKER_00]: I ain't gonna lie, I get chills about that.
41:42
[SPEAKER_00]: That gives me more chills than me driving my dream car.
41:45
[SPEAKER_00]: That gives me more chills than me going on a private yacht cruise.
41:49
[SPEAKER_00]: That gives me more chills than pulling up to my dream home, knowing that I won't be able to see a certain group of my bloodline.
42:02
[SPEAKER_00]: but they will be impacted by the decisions I've made today.
42:10
[SPEAKER_00]: I get excited.
42:13
[SPEAKER_00]: Listen.
42:17
[SPEAKER_00]: We can do this.
42:19
[SPEAKER_00]: You can do this.
42:20
[SPEAKER_00]: I'm way over my tongue.
42:23
[SPEAKER_00]: I'm way over my tongue.
42:26
[SPEAKER_00]: Hit the thumbs up for me on YouTube.
42:29
[SPEAKER_00]: Subscribe, join this community.
42:32
[SPEAKER_00]: We have a lot of great things coming out this year.
42:34
[SPEAKER_00]: That's going to really walk with you through your journey.
42:38
[SPEAKER_00]: You're going to see.
42:39
[SPEAKER_00]: You're going to see exactly how you can change your life within the next 12 months.
42:46
[SPEAKER_00]: Keep it locked, and we'll see you in the next show.
42:47
[SPEAKER_00]: Peace out.