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Eddie

So you are already making yourself rich, but you want to make your kids rich.

I’ll save the parenting advice about raising good kids. This ones about the numbers.

Start investing for them right away, as soon as they are born.

Because if you start to invest when they’re zero, and invest for 65 years, at 10%, you’re going to double the money that you contributed nine (9) times.

Nine doubles equals a factor multiplier of 512.

$10,000 invested at 10% for 65 years turns into $5.12 million.

So if you have kids, or you are planning to have kids, and you want them to be rich, put some money into an investing account right away.

Even if it’s not in their name, because that’s actually a bit of a headache to do (not all brokerages offer “in trust for” accounts). Just do it with your own TFSA, and because it’s a tax free savings account, you can give it to them when they are 18 tax free anyways. Just ‘earmark’ $10,000 for them.

And if you want to make them even richer, earmark your entire TFSA for them. Call it $100,000 for round numbers.

$100,000 times 512 is $51,200,000.

And that’s without ever contributing another dime.

It’s sounds unbelievable, but it’s not. Some people will get upset, because they always get upset, but that’s just the math.

A little over half way through 2026 and the stock markets are ripping.

There are so many problems in the world and yet the capitalist machine keeps working. Good for you investors that are participating every month.

Just because the market is doing well, however, don’t think it’s always like this.

Markets drop all the time. The last four years we’ve seen 9-10% mid year drawdowns including this year.

In 2022 the stock market fell 25%.

In 2020 the market fell 35%.

In 2008 the market fell 49%.

There will be blood again one day - just don’t ask me when exactly.

They key is to invest with a long term time horizon and you’ll do great.

Do it for long enough, a nice 10% return can turn thousands into millions, even billions.

“Never bet against America”

—Warren Buffet

How long have you been investing?

Learn to do it yourself with the Simply Investing Masterclass. Open the right accounts, choose a simple ETF portfolio, automate your contributions, and stop second guessing every money decision.

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For your specific situation wrestling with something particular? Let's talk it through → Book a 1-on-1 call

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