First of all, congratulations to you and your wife on bringing a healthy daughter into the world habt🙏🏼
Although I'm still quite young and my girlfriend and I won't be having children for a few years yet, we've already thought about how we want to invest money for our child.
We are aiming to set aside as much money as possible each month for our future child/children for the following reasons:
A sensible approach and a healthy relationship with money is extremely important, I wouldn't disagree with you at all, but this can be instilled in the child during childhood. The handling of/relationship with money develops more in the first 18 years than afterwards. You should make sure that you teach your child that money doesn't grow on trees, but has to be earned first. The aim should be for the child to have already done small jobs at school by their 18th birthday, to handle pocket money responsibly, to keep consumption within limits and to have learned from me the most basic knowledge of how to make money saved on the stock market work for them.
When it is revealed to the child on their 18th birthday that a large amount of money has been invested regularly since birth and that they will now receive a gift of around €50,000, they will be able to understand what this actually means, what opportunities it brings with it and they won't just splash this money on their head, but use it as incredibly valuable starting capital to build up their own wealth.
The opportunities offered by a high starting capital are enormous, and I don't think there's any need for a sample interest calculation.
However, the way in which a child deals with this enormous good fortune of having a great starting capital at a young age is determined by their upbringing.
And with someone like you, who approaches this topic in such a reflective and differentiated way, I'm not worried that you won't succeed :)
Although I'm still quite young and my girlfriend and I won't be having children for a few years yet, we've already thought about how we want to invest money for our child.
We are aiming to set aside as much money as possible each month for our future child/children for the following reasons:
A sensible approach and a healthy relationship with money is extremely important, I wouldn't disagree with you at all, but this can be instilled in the child during childhood. The handling of/relationship with money develops more in the first 18 years than afterwards. You should make sure that you teach your child that money doesn't grow on trees, but has to be earned first. The aim should be for the child to have already done small jobs at school by their 18th birthday, to handle pocket money responsibly, to keep consumption within limits and to have learned from me the most basic knowledge of how to make money saved on the stock market work for them.
When it is revealed to the child on their 18th birthday that a large amount of money has been invested regularly since birth and that they will now receive a gift of around €50,000, they will be able to understand what this actually means, what opportunities it brings with it and they won't just splash this money on their head, but use it as incredibly valuable starting capital to build up their own wealth.
The opportunities offered by a high starting capital are enormous, and I don't think there's any need for a sample interest calculation.
However, the way in which a child deals with this enormous good fortune of having a great starting capital at a young age is determined by their upbringing.
And with someone like you, who approaches this topic in such a reflective and differentiated way, I'm not worried that you won't succeed :)
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@AktienAmateur069 Finally a comment that takes a different approach 👍.
Right, financial education, working for money yourself, ... is important and we will also teach her this. I also assume that she will be able to handle it responsibly at 18 (hence the deposit in her name). And if it goes on coke and strippers, that's okay too 😁.
Right, financial education, working for money yourself, ... is important and we will also teach her this. I also assume that she will be able to handle it responsibly at 18 (hence the deposit in her name). And if it goes on coke and strippers, that's okay too 😁.
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@AktienAmateur069 And your child at 18 then first 2 years work and travel without work🤝😀
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•@DonkeyInvestor Personally, I have set myself the goal of investing €250 for my child every month and handing over the deposit when I have the impression that they will use it responsibly. However, if this is not yet the case on their 18th birthday, I would blame myself rather than the child😅
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•@giraffidae If that were to happen, my girlfriend and I would have done something wrong in our upbringing🙃
However, I still think traveling for two years is better than squandering it on unnecessary consumption, but financing your trips with money you've earned yourself just feels better😇
However, I still think traveling for two years is better than squandering it on unnecessary consumption, but financing your trips with money you've earned yourself just feels better😇
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•@AktienAmateur069 That's how it should be👍
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