Investing For My Son Now, Not Later
I started investing in the stock market for my son in 2017, he was two at the time. I'm a huge advocate for building wealth. And most of us know that the stock market isn't a get rich quick method. Because it's a long journey full of highs and lows I figured I'd start now, not later. By the time he's between the ages of 18 and 21 he'll be asset rich not cash rich.
What's the difference? Assets give you a return over time as for cash $5 today is still worth $5 next week.
How do I choose what companies to invest in? I've learned to become more than a consumer therefore I purchase stock in companies I spend money with often. In some cases I purchase stock in companies based on how they make money. I don't own any Apple products but Apple is almost a $1 trillion company. So it's on my list to purchase very soon!
Sprouts, my favorite! Why? My lifestyle and business (Mastering Motherhood) has a lot to do with health so I shop at Sprouts weekly. I believe in this brand more and more everyday. With people becoming more aware of health and food choices I believe Sprouts is on the rise to great things. And it's very affordable unlike other health food stores or farmers markets.
How can I afford to invest? There's this myth that you have to have a lot of money to invest. LIES! A wise person once told me, "If you can afford the product you can afford the stock." You don't have to purchase 1,000 shares at once. You can purchase a few at a time. There are stages to investing for regular people like you and me.
As I continue to embark on building wealth for myself and my son I'm pursuing a few other things and I'll continue to share as I learn and earn. If you're interested in a 1 on 1 session with me to get started simply email firstname.lastname@example.org I can teach you the basics and how to begin building wealth for yourself and your family.
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