37 | The $50 Toy That Could Be $30,000 Instead

If one more toy shows up in my house I might lose my mind. And I know I am not alone.

In this episode I am talking about what I actually think is one of the best Christmas gifts you can give your child this year - and it is not on any wish list. We are talking about what happens when we simplify the gifts, invest the difference, and give our kids something that will still matter when they are twenty five and buying their first home or starting their first business.

I am also sharing a really cool contribution journal idea I got from a fellow money content creator (@moneytalkmal) that will let your kids one day see every single person who ever invested in their future - every birthday, every Christmas, every random Tuesday when grandma puts $25 in.

And I am walking you through exactly how to set this up before the holiday questions start rolling in - the account, how family members can contribute, and how to have that conversation without being the Grinch.

Because$50 a month for 20 years is over $30,000 in today's dollars!!!! And it starts with one decision. One account. One text that says - "actually this year we are doing something a little different."

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How $10 Can Become $20,000 By Their 18th Birthday

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This content is for educational and informational purposes only and should not be considered personalized financial advice. Please consult a licensed financial professional for guidance specific to your situation.