What to write on a bar mitzvah gift card
HOW TO INVEST YOUR BAT MITZVAH MONEY
what's up rich people it's me haley and
i'm a financial pop star
if you want to learn to be rich you want
to learn how to be successful
but you're sort of an unconventional
learner like maybe
elon musk vibes welcome to my chanel
oh sorry i meant channel today i want to
talk about how to invest
your bap it's my money so boomers
turn this off and my gen z sweeties
listen up
because you have a major opportunity
here to build wealth honestly you all do
like even if you don't have
bot mitzvah money you still have your
youth which is
such a powerful tool in getting rich
because remember
it's time in the market not timing of
the market
so the younger you are the better as you
all know my financial journey has been
checkered
i'm not like my boyfriend warren buffett
who bought his first sock at age 11
okay show off or twitter founder jack
dorsey who like started coding when he
was 15.
i'm actually pretty sure my dad hid my
bat mitzvah money from me because he
knew that i would just use it to buy
like
frappuccinos and juicy couture pants but
just because that's my story
does not mean i cannot help you write
yours because obviously
if i could do it differently i would i
literally have a family friend teddy
who's now like a major vc
like forbes 30 under 30 vibes were
obsessed and he used his
bar mitzvah money to invest in apple
can you imagine if i had invested in
apple with my bar mitzvah money i would
be able to buy
so many frappuccinos so learn from my
mistakes and start young
here's how to invest your bat mitzvah
money
[Music]
get baptized fun if you can and ask for
checks instead of gifts and then donate
a portion of it to a charity of your
choice because obviously you got to put
the mitzvah in bat mitzvah
great so now let's talk about how you're
going to start investing
because you're under 18 you can't start
a brokerage account or sign
up for like an online investing app you
can have
your parent or your guardian set up a
custodial account in
your name and no don't try to use your
fake id at the bank it doesn't work
that means that the adult will be the
one actually making the stock trading
decisions
but you can still be really involved in
the process and once you come of age
they can transfer the account to you
just make sure they're not like disney
channel parents and gonna like steal all
your money
figure out your risk tolerance if you
have low risk tolerance
consider putting your bat mitzvah money
in a safe investment
like bonds or a cd account
or a state 529 account while none of
these are going to offer huge returns
they
are safe and such a better option than
just having the money sitting in your
checking account because they will
show growth diversify your portfolio
this step is for all my medium risk
tolerance
qt's let me see if this is you
you gotta diversify i'm talking etfs i'm
talking mutual funds
this is a one-stop shop you will just
buy one etf one mutual fund
and in that transaction you're going to
get a diverse
array of investments like basically just
don't go
all in on one stock unless obviously it
is 2004 and you are teddy and it is
apple
you know there's so much pressure on
kids these days like you have to learn
mandarin you gotta study violin you're
you're on tick tock like you don't have
time you know so
i think it's a good option force your
parents to let you day trade
jk but if you have high risk tolerance
you might be a redhead and also
you might want to consider like
following the markets and buying
individual stocks
this obviously takes time it takes
devotion it takes
risk but you know what it's risky to
have red hair so this could be for you
anyways i've got to go sell my tiffany
charm bracelet on ebay so i have
liquidity to put in the market
but please don't forget to subscribe
don't forget to invite me to your bat
mitzvah and ask me to light a candle
and stay rich
