It costs $300/mo to turn your kid into a trust fund baby if you start early.

Here's the hack all smart families use: Step 1: Start Early

The day they're born, open:

- > 529 Plan (college)
- > Parent Taxable Brokerage (emergencies)
- > Custodial Roth IRA (retirement)

These accounts will give them unlimited options...

I’m 32.

I paid for my home in cash.

I’ve hit a $1,000,000+ net worth.

We have two beautiful daughters.

Here are the 15 biggest lessons I’ve learned along the way: 1 - Find one woman and build together. Life is 10x easier when two people are working towards a shared goal.

2 - Having kids is not an excuse to let yourself go. Be fit, budget more, and make more money.

3 - You can live an amazing life while budgeting and building.

It costs $300 per month for your kid to be a trust fund baby if you start early.

Here's the hack all smart families use: Step 1: Account Structure

Every kid needs 3 accounts...

-> Parent Taxable Brokerage
(access money before 65)

-> Custodial Roth IRA
(tax free growth)

-> 529 Plan
(college planning)

These three accounts gives your kids unlimited options.

Lebron James has to budget.

Barack Obama has to budget.

Wall Street Analysts have to budget.

Here's the easiest way to build a budget for yourself (that works) if you make over $100,000 a year: Here's the deal...

Most people start making 6-figures and think they're on top of the world.

In reality...

That's the time when you should double down on budgeting the most.

So if this sounds like you... please pay attention and USE this.

I have a 401k

I have a Roth IRA.

I have private equity investments.

None of these investments come close to the being the best investment I ever made: Hear me out…

I’ve invested $1,000-$5,000 a month since the day I was able to.

But,

I wasn’t rich when I started doing it.

Between me and my wife we made ~$90,000 a year.

I became a millionaire by 30 by investing in index funds/ETFs.

But there are 8,754 to choose from.

Here are 10 ETFS that can make you a millionaire:

*doesn't include 2024 YTD performance* 1. Total US Stock Market: $VTI Top 10 holdings:

- Microsoft
- Apple
- Nvidia
- Amazon
- Google Class A
- Meta
- Google Class C
- Berkshire Hathaway
- Eli Lilly & Co.
- Broadcom

10 year annual return: 11.77%🟢

Best year: 30.67%🟢

Worst year: -19.51%🔴

You’re taxed on your income.

You’re taxed on your purchases.

You’re taxed on your property.

You’re taxed on your investments.

Taxes are the biggest expense you’ll have in your life so here’s how to avoid them legally: As someone who worked in corporate America…

It’s insane how unused the tax code is.

There are insane advantages for just about everyone.

There are even more insane advantages for business owners though 👀

You can legally gift your kid's their college fund while saving money on taxes for their first 18 years of life...

Smart parents, listen up: Typically...

You pay taxes on your income.

You pay taxes on your gains.

You pay taxes when you spend.

The key to saving money on taxes is reducing the amount of taxable events in this process.

News broke yesterday of Biden wanting a 44.6% tax on capital gains and there's a lot of misinformation.

Here's the truth behind it... To start...

It isn't quite 44.6%.

That's the highest marginal tax rate.

The more appropriate description is a 37% capital gains tax for high income earners with over $1,000,000 annually.

Still, that's a lot.

California just changed it's minimum wage for fast food employees and the price of food went up almost immediately... Here's the deal...

Most people think minimum wage should go up and that "solves" their problem.

In reality...

The problem becomes a can that we keep on kicking down the road.

We as consumers ALWAYS pay the price.

I'm 32.

I own $2,600,000 in assets.

Last month they made me $81,495.

Here's exactly how I invest my money without paying a financial advisor... I made $37,804 from $VTSAX

This is a total US stock market index fund that invests a small piece into every stock for diversity.

This went up 2.71% last month.

Them:

"I'll just make more money"

Also Them:

$35 Postmates
$700 Car Payment
$3,200 Rent Payment
$1,200 Food & Entertainment

The only way to truly get ahead in this economy is this simple formula... It's called the "SMK Formula"

Save money, Make money, Keep money.

No longer do we live in an era where focusing on one area alone is enough.

This is the exact blueprint I use to help my clients become everyday millionaires:

Making $150,000 is now considered lower middle class in parts of this country and it's only going to get worse... At $150,000 a year…

-> $48,000 goes to taxes
-> $30,000 goes to rent
-> $9,000 goes to car
-> $6,000 goes to food

Before factoring in insurance, entertainment, child care, and all the other fun expenses…

You’re left with 38% of your income.

Age 23: Got married

Age 24: Bought our first home

Age 29: Had our first kid

Age 30: Became liquid millionaires

Here's how we accomplished the "American Dream" without an inheritance, fraud, or any outside help: I'd be lying if I said it was easy.

I'd also be lying if I said it wasn't 100% worth all the hard work.

Hitting our first $1,000,000 didn't come down to "save money and invest it all"

It came down to careful planning...

And teamwork.

HSA’s are THE best tax advantaged account out there.

But only 9.6% of Americans own one and only a fraction invest in them.

Here’s everything you need to know about the HSA:

(and why it beats a 401(k) and Roth IRA) HSA stands for Health Savings Account.

Purpose: to save money for medical expenses

To qualify for an HSA you need a High Deductible Health Plan (HDHP)…

Which means you’re on the hook for more out-of-pocket medical expenses.

Here’s what that means…

I followed the American Dream…

- Went to school
- Became a CPA
- Got a good job
- Bought a house

The result: The dreadful 9 to 5 grind with $304K in debt.

Here are the 8 things I did to change it:
(And became a millionaire by 30) 1 / EducateLearn financial literacy basics.

I was a CPA at Deloitte, working with rich people but only earning $52K a year.

That didn’t make me a millionaire.

Networking with successful people, finding mentors, and building skillsets did.

My daughter is set up to be a millionaire by the time she’s 30  - she’s not even 3 and is worth $22,855 already.

But the real challenge is keeping her a millionaire.

That’s why I’m teaching her these finance principles: Keeping money is a skill in itself

70% of generational wealth is lost after one generation.

And 90% of it after just two generations.

I won’t let that happen to my children - or future grandchildren.

If I wanted to buy a home in the next 365 days this is exactly what I would do (from an Ex-Deloitte employee): Understand this:

In 90% of the USA...

It's more expensive to own a property than to rent currently.

This is scary... but it shouldn't be.

That's because you should be focused on how you buy, not what you buy.

When I paid off my mortgage my credit dropped by 115 points.

Today, I finally hit 800 again.

Here's everything I've learned about maximizing credit in my 10 year career: 1/ Make The "Right" Payments

Your credit only gets reported twice...

This means:

-> Pay off your 50% of your balance on your statement date.

-> Pay off the other half on your due date.

It shows you're actively making progress on your credit (the credit bureaus love it)

This picture right here is the easiest way to destroy your wealth.

Let me explain... Choosing your partner is the most important decision you'll ever make.

Erin and I got married at 23.

We were both fresh out of college.

We knew one thing though...

Our goals and actions were the same.

2024 can be the best year of your financial life.

All it takes is setting the right goals.

Here are 7 financial goals you should set to double your net worth in 2024: #1 Double Your Savings

It's simple.

Whatever you're saving now...

Double it.

If it eats into your spending money then that's good for you.

It will force you to either be more intentional with your money or make more of it in the long run.