11 Year Old Buys Real Estate | Kids Need to understand how money works.
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- Опубліковано 18 тра 2024
- Not all investments are right for everyone. The point here is to to teach our kids to take managed risks with their money.
Also, our kids watch and listen to what we do. I was blow away by the understanding of leverage she had. - Навчання та стиль
Asking about "your friends in elementary school that want to invest in real estate" got me rolling 🤣🤣
😅😅 You never know. Kids these days have so much info... and maybe even a teacher or two that understand how to build wealth.
Derek, you are an awesome dad and teacher. I admire you a lot. You have a wonderful family!
I appreciate that!
We are doing our best.
Well go on baby girl, love that attitude!!
🎉🎉🎉 yes! Hi there
Can't like this enough. Great job dad.👍🏼
I appreciate that! Thank you
Very smart girl, keep it up in your investments.
she is taking the right steps.
Scared money don’t make no money 💅
🎉🎉 true that!
Awesome!
Glad you think so!
Only 1 issue… Dad, please get some longer pants
😂😂 those are my best pair.
Approximate 6 year ROI, return on investment, to break even.
Were stocks an option for her?
Awesome discussion.
Yes, index funds via a roth would be goot too but really trying to teach value add. The 100k build will be valued around 350k giving her a 3500 equity position in a few months. The lever of value add is hard to get, let alone show a kid the nuts and bolts of how to do it.
How much of it is taxed?
Very little. Passive and less than $500/year.
Cringe