I’m just a young dad that grew up in Cleveland & had a kid at 18. I started off selling Durags & it turned into 3 6 figure brands & a 7 figure business in 3 yrs
May 20 • 8 tweets • 3 min read
My daughter Nani is 7 years old & her net worth is currently $33,402.85 and she’s made $6,727 on her portfolio.
I’ve been investing for her since she was 2 & I’d like to share this with some parents who would like to do the same for their children
(Here’s a quick investing thread for your kid)
The first step is opening up a custodial account in your kids name. I use m1 finance to do this and it’s completely in her name.
It takes all of 5 minutes to do and set up so this shouldn’t be anything difficult.
You’ll need their full name, social security, and address.