Wealthy people love passing these money secrets onto their children, while working people find out too late. Not you though.
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Wealthy people love passing these money secrets onto their children, while working people find out too late. Not you though.
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47 comments
I trust you
Thanks for the video but could you make another video about the trust and go more in detail thanks
❤, good information
If u want your kids to become financially free, get rid of every credit card and teach them not to use them never ever
Wow
Pissed away😂😂😂😂😂
How will getting them a GREAT credit score benefit them in life? Just help them get into a mountain of approved debt??? Think I would rather they had a CRAP credit score and just learn how to save up before purchasing anything. Thats the way I have lived my life and now I am worth quite a few million even though I lost my job 3 times!!! What absolutely terrible advise, get them a high credit score when it should be NEVER EVER borough money for ANYTHING!!!
Hi Vivian, for my 2 and 4 years old: Index fund vs Variable Universal Life Insurance? I am about to sign up for a VUL for $150 each monthly but having seconds thoughts.
Is the VUL a better option vs an Index fund for my kids?
Your comments will be highly appreciated! Thanks
# 5 NICER SOP Forgery Proof Interdiction Legalese Trust to arbiter index monitor Deeds and Permission Ledger validate titles.
Thanks for sharing
If you open custodial roth ira for your kid and your kid works for you like household chores and you pay them, how do you file tax for that and is there a minimum income for your kid to file tax??? Thank you
life insurance!
The youngest you can add a kid as an authorized user is 13. They don’t allow you to do it for an infant
As a 50 year old man, this video really helped me make a brighter future for my children and future grandchildren!
Cringe
Which bank do you go through because I have credit cards and I have great credit score but none of them will let me add my kids on.
Also if your kid gets a scholarship you can just withdraw the money!
Helping your kids get rich by giving them a credit card to get them a credit score? Seriously? You should be having your kids avoid credit cards as long as possible and teaching them to live below their means with delayed gratification. Also, teach them how to save and invest for the long run.
You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires I pray that anyone who reads this will be successful in life
Can the credit work with a child that's grow??
Can’t add my child as a user until he’s 15
You’re such a breath of fresh air positive energy and vibes while giving out abundance of knowledge thanks Vivian blessings queen
Great advice!! Parents need to do this for their kids!! It doesn't even take a lot of money, but more so the length of time. We are a new channel focused on persona finance for young adults. Just trying to help spread the education! Cheers!
What states have family trusts that continue into perpetuity and what types are subject to this type of trust?
With the way things are going with inflation still squeezing families in 2025 and markets swinging wildly, I've been thinking hard about how to give my kids a financial head start. It's not just about handing them money, it’s about setting up with a good studies and the right foundations.
I found this to be informative. I am hoping to make my children to be more independent. I had to be and that's how I will motivate them someday.
Buy income-generating assets early — Think dividend-paying stocks or rental property. If you bought just $150,000 worth of dividend stocks in 2020, by now your kid would’ve earned tens of thousands—and that’s without touching the principal.
I love this lady!
Thank you so much for sharing this information ❤
Generational wealth isn't about lottery wins, it's about consistent, smart strategies applied early. Starting an investment account for a child, even with small amounts, leverages time – their biggest asset
28year old. Got 375k in my trust fund. And $35k in my child’s school fund he is 9 months old. It should be 250-350k by the time he leaves for college. Also investing about 7 k a month still. Gonna do that for another 3-5 years then quit my film job to do something part time to be a more present daddy
The power of compounding is massive. If you gift a child the exemption limit of $19k when they’re born it could grow to $1.5 million (adjusted for inflation) by the time they’re 65.
Authorized user minimum age is 13…not newborn
Music ugh can’t hear
Can you post an update to the best accounts to set up for your child? Baby/toddler
So… Not being in USA the first 3 don't apply, but I'll look into the trust fund .
I like the authorized user thing better than encouraging my 18 yr old to get a credit card. I think my friend's parents did this. She thought everyone started life with a good credit score.
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 every 2 weeks even though I barely trade myself.
None of my cards allow authorized users under 13. Which cards allow it and no annual fee?
Some credit cards have a minimum age requirement for the authorized user.
Isnt it true that if your child say gets a full ride for school and dont "need " their 529 to pay for school they can pull out up to the amount of the scholarship tax free
Love the content Vivian 🙂 The back noise :/
1. With the credit hack with putting your kids on your credit card to build their credit score is just one way of doing it!. You can also have your child open up a secure card and put $500 on it and have them be responsible!
Custodial Roth is visible as kids income when they apply for scholarships, making them ineligible.
I’ve always wondered why the Coverdell ESA doesn’t get nearly as much attention as 529 plans. I constantly see videos and articles about 529s, but rarely about Coverdells. Even in conversations at work or with friends, 529s seem to dominate the discussion. When I mention a Coverdell ESA, most people look at me like a deer in the headlights—they’ve never even heard of it.
For an average earner, though, the Coverdell ESA can be especially powerful. Never underestimate the $2,000 annual limit. When invested in ETFs, that modest amount can grow into something significant over 10 years or so. Both accounts offer tax-free growth, but the Coverdell provides greater flexibility—you can use the funds for K–12 expenses as well as college, giving you more options than a traditional 529.
While it’s true the 529 allows for much higher total contributions, my personal approach would be to fully fund a Coverdell first and then contribute any extra to a 529. The advantage of the Coverdell is the ability to invest in ETFs, something most 529 plans don’t allow. Historically, 529 plans have averaged around 6–7% returns, while ETFs like QQQ or SPYG have delivered closer to 15–17%.
🔥🔥🔥
the suluxy quality is very good Love it