The truth is simple and painful. You know the path; you just don't walk it enough.

That's the statement told to me, by the only stock market mentor I’ve ever had. He has successfully taught both his son and his daughter and multiple people to use the stock market as a way of investing to manage their way to wealth.

We've talked about that on this newsletter before, but what I want to delve into today is if you're doing everything, do your kids see it? Do they know what you're doing? Do they have any interest in it, and if not, are you thinking of ways to peak their interest? They are effectively the heirs to whatever fortunes you built and you should want to know they understand how to grow what you leave behind.

I just returned last weekend from a full wedding weekend, which is why I didn't send out a newsletter. I was just too involved in my brother's nuptials to my now sister-in-law!

It was a beautiful ceremony and an impressive display for all of thier family to enjoy.

If you're a father to a daughter you want to be able to give that wedding of your daughter's dreams to her when the time comes. Now all of us here are financially astute, and you read this newsletter because you want to do better for your family, and this is a point of planning.

I was sitting there after dancing with my wife and watching this beautiful party unfold, thinking, would I be able to do this for my daughter? Will my audience be able to do this for their kids? If not, how do I help them, and how do I make sure myself that my daughter is prepared to be able to do that for herself if something should happen to me?

Thus, this topic of how to teach your kids to build wealth was born.

My daughter has multiple times told me that she sees the lifestyle of these content creators that do it for a living, and this painted facade as real. Now I've had to show her behind the curtain, as a media business owner, how false and misleading that can be.

This gave me a start to being able to have the conversation about how money really works. And if you don't have those conversations, those tough sometimes boring conversations, there's a bigger problem. That is that if you don't teach your kids, TikTok, YouTube, and Instagram will do it for you.

So what I say is what I've learned from watching and observing really good parents is to start off with the basics, and the basics are not easy but they are simple.

You have to set a framework for a way for your kids to earn money if they're not going to do it on their own. Possibly pay them to do chores or pay them to take courses that push them forward in their growth, both in finances and otherwise in life.

I think starting your kids off with the understanding that if they want something, they have to not just plan for how much it costs but plan for more than they need. A portion of everything that they earn should go to a savings account and should go to a giving account, depending upon your religious beliefs.

If you start that off from the get-go, as they get older and they progress to earning more and more money, they'll already be in the habit. It will keep them, hopefully, from getting into debt, which is where it all starts. You can't be successful in the stock market if you are drowning in debt, because you can't successfully fund yourself in the three major accounts that we talk about building a stock market business from.

Show your kids the negative side of buying more than you need and not planning for a better future. Somehow you have to get your kids out of the mindset of the glitz and the glam and what looks cool, and show them the power that is cooler, which is being able to choose for yourself.

Most kids aren't going to learn that until they do some really hard-nosed jobs. I think there's nothing wrong with a teenager doing some rough jobs in the beginning so they understand a concept called owning your time.

If you want your kids to continue on the independent wealth track, you must, must get across to them that an owned, comfortable car is better than a new, flashy hot convertible. That buying with profit is better than buying with credit and that being your own boss gives you the ability to choose how much you earn and where you can spend your free time bettering society.

I have a friend who uses every birthday for their kids to give them $100 per year they've been alive. So 10th birthday is $1,000, 12th birthday is $1,200, and so on and so forth. Me being at the place in my life where I'm not quite that rich, I just observe and plan to do something similar with my kids.

But you can see that observing the habits of what successful people do with their children shows that they specifically raise kids to be strong, independent adults, not stay dependent kids, and that's the defined difference.

My rich friend's son wanted a scooter for his birthday. Instead of just buying the scooter outright, he proceeded to give his son the amount of money correlated to how old he was in hundreds and took his kid to buy the scooter. What was funny was that the son decided that, upon seeing how much money the scooter was going to cost visibly, he would rather not buy the scooter that he wanted and buy a less expensive scooter and keep some money for himself to buy stock in what his father has taught him is his own wealth-building stock account. How cool is that!

Now, a kid of 12 usually doesn't have that mindset, but The idea has been built up over the years as his dad has given him birthday money, and they've made a game out of spending time together, sitting down, and buying stocks together. The bonding plus the making it fun has built a positive mindset in his son of what it means to invest money.

This is where I think a lot of people handicap their kids, because we're taught to save money for our kids, to set up custodial accounts and give it to them when they're old enough to understand. The problem is that if we don't teach them now, they get this lump sum of money and they have no discipline to hold on to it.

Here's what I try and do: I tried to associate things that my daughter is into with companies that she could buy stock in. Now I'm still working on it, but there is a relationship building between Nike shoes and owning Nike, McDonald's, and owning shares in McDonald's, and so on and so forth

In most newsletters, I try to give you very specific, actionable advice, and up until now this has been a lot of theory. Here is a playbook you can follow:

Depending upon how old your son or daughter is, and if you have more than one, you can make a competition out of these things. I like using the daily chart, and you can use futuristic projections, especially during the school year, from market close to market close. Hey, let's predict what the stock price is going to be the next day or the next five days. Using the daily chart, you can show them how their prediction plays out, whether they're right or wrong, and if you like to really incentivize them, if they're right and they get within a couple, two, three, or five dollars, you can pay him a little bit.

The other piece of that is, when they're not correct, you don't want them to have a negative connotation to it. You want them to start to realize that those candles on the charts are really representative of other people doing the same, and those people all take a vote whether they want to go up or down. Just like in the world, when you take a vote, you can't control whether or not your vote is for the winning side, but your vote matters because your vote could be the determining change in the winning side.

You can also teach them with their chore money. Take a portion of their money and begin to buy stocks that you and they choose together, so they can see the progression of ownership over the years. Add some of your money to it, because the truth is that, in the beginning, it's not going to be a lot. It's about the teaching that matters

I'm going to end this by saying that you are the pinnacle leader in your child's life. Don't just be the good dad or the good mom. Be the person that teaches them about the things that matter and include finances in the things that matter, because that is the difference between the people they'll live really well for generations and the people that have ups and downs in their family tree for generations. That whole shirt sleeves to shirt sleeves in three generations thing, I want to see everyone that reads this newsletter break that and be the wealth that is in America in the decades to come.

Now, with that being said, I want to tell y'all that I'm going to try to turn this idea into more of an e-book that I can give out, because I think it's a very, very powerful idea that can actually go a lot deeper than just a newsletter.

I build this newsletter thru word of mouth and I want to give out an incentive. This would be a paid product that I would give away for mabye a year to those who refer atleast 3 or more people to the newsletter.

Something using video that I email to a group of y’all all at once.

Email me with your thougths… Seriously let me know your feedback or if you have another incentive idea.

The win isn’t the trade — it’s sticking to your plan. Protect capital. Stay intentional.
Keep going. You’re doing the hard part most never will in order to eventually live like most never can.

This newsletter is for educational purposes only and does not constitute financial advice. Always do your own research and consult a professional before making investment decisions.