Why Stocks Are the Best Gift You Can Give a Child
Earn Your Leisure
EYL Network
4.8 • 7.8K Ratings
🗓️ 21 March 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
In this eye-opening clip, Rashad Bilal and Troy Millings explore a game-changing approach to gift-giving that can significantly impact future generations. Why settle for traditional gifts like toys or gadgets when you can offer something that grows in value over time? Instead of the usual presents at baby showers, birthdays, or holidays, consider gifting stocks or ETFs. This innovative method can teach children the invaluable lesson of financial literacy and the power of investing from a young age.
The clip delves into the benefits of using stock gifting as a way to support children's long-term financial health. Did you know the IRS permits tax-free gifts of up to $18,000 annually? This allows you to transfer wealth efficiently without burdening future taxpayers. Explore how setting up an Upma account (Uniform Transfers to Minors Act) can be a strategic move. It enables guardians to invest in various assets like stocks, real estate, or even cryptocurrencies like Bitcoin for minors.
Our hosts emphasize the importance of a systematic approach to investing—contributing regularly to the Upma account ensures the growth of these financial assets. They highlight the strategy of dollar-cost averaging to maximize investments over time, making the most of market fluctuations.
Ready to take the first step towards building financial assets for your family? Rashad and Troy recommend opening an Upma account with trusted brokerage firms such as Fidelity, Schwab, or E Trade. This clip is a must-watch for anyone looking to transform how they think about gifts and build a financially secure future for the next generation.
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#StockGifting #FinancialLiteracy #UpmaAccount #InvestInTheFuture #WealthBuilding #DollarCostAveraging #TaxFreeGifts #LongTermInvestment #FinancialEducation #RashadBilal #TroyMillings #Fidelity #Schwab #ETrade
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Transcript
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| 0:54.4 | everything secure. So the last one that we'll talk about is stock gifting. Remember that post |
| 1:01.9 | you put up like, that was years ago when we're like, yo, instead at a baby shot getting gifts, |
| 1:06.6 | we should be Brian stocks. That really didn't pick pick up people really didn't take advantage of that |
| 1:11.3 | but that that's one of these things right like if we know the advantage of investing in the market |
| 1:17.8 | right and we have a child that is coming into this wow and it doesn't even have to be a baby shower |
| 1:23.4 | it could be any type of holiday it could be a birthday it could. Yes, it's cool to have cool toys and have nice items. But the one thing we know about those items is that they're going to hold no value after we open. And they're not going to appreciate it in time. Even if it's a collectible like a sneaker or something, a child that seven, eight, they're wearing that shoe and they're going to wear that thing to death and it's going to be worth nothing after it was purchased and worn. |
| 1:47.3 | Whereas if we put it into an investment like a stock or an ETF on index, we know long term that that's going to appreciate. |
| 1:55.3 | And so we need to get in the habit of at least thinking that way, right? |
| 1:59.1 | We can now gift an asset that's going |
| 2:02.4 | to appreciate over the course of someone's life. And even if they don't know, I think that's |
| 2:07.6 | the perfect part of it. A lot of times, and we've seen people be gifted stock, and they're like, |
| 2:12.2 | what is this? What do I do with this? It now becomes a teaching lesson again, right? You always |
| 2:16.5 | have to have an inflection point in any point of education. |
| 2:19.5 | The fact that you've done something that is completely different than buying a PlayStation, right? |
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