Hey you.
Yeah, you!
Come closer.
My voice is but a whisper.
Autumn is in full swing. As I sip my lemon tea, to ease my dry throat, I will share with you the secrets that have been passed down to me from money gurus everywhere.
But before I say anything, you stop me. You say no. Not here. The masses must hear this too.
Therefore, I promise to share this on my website for all to see.
This blog will be my microphone.
I am now stepping up to the podium.
I adjust the mike and clear my throat.
I say, “Good evening ladies and gentlemen. Please excuse my voice for breaking the eloquent silence of nature. But I made a promise to share with you some great news. It is possible to help turn your broke teenager into an adult millionaire. Would you like to know how? I will tell you. Have your teenager invest $3K per year for five years and then let it sit for the next 40 years without adding another penny.” That’s right. Let me say that again for the cheap seats in the back!
Have your teenager invest $15K over a five year time period and let it ride for four decades to accumulate $1M.
I can just hear the scoffs and skepticism out there.
The math ain’t mathing, as Taraji P. Henson, would say. Surely, you jest. But I assure you there is truth to my words.
Enough, talk. Let me show you what $3K can do.
If you scroll down the tweet I posted below, you will see after 40 years, your teenager can grow their $15K to over $1M. Well, $1,003,013.58 to be exact. You just have to convince them that it’s worth it.
You can even offer incentive.
Say your teen earned $3K, with their summer job or college internship, you offer to match what they invest. So if they invest $1,500 then you also give them $1,500 for a total of $3K. Since they cannot put in more than the total amount they earn. Now there’s some food for thought.
Imagine this is your parent talking to you about what it is like to run their household.
Below is them trying to turn you into a millionaire!