Wednesday, October 17, 2012

Create Wealth: This Christmas Buy Your Kids Stock Certificates

Do you ever think about what you could buy for your kid(s) that doesn't [necessarily] cost a lot of money that would be a very significant gift--for Christmas this year, or their birthday(s) every year?

Do you ever just want to reward your kid(s) because they're getting good grades, demonstrating good behavior, and/or for being focused while following instructions?

How about starting an investment portfolio of stock just because you want your kid(s) to have a chance at [current] financial growth and [future] stability?

News Flash:
The third question above is designed to give you food for thought regarding the first and second questions, respectively. You can afford it. You should start doing it right now.

Instead of continuing to make the Walton's of Wal-Mart rich this coming holiday season by shopping till you drop for items that black people have no part in manufacturing, why not purchase [a] share of Wal-Mart’s stock for your kid(s)? One share of stock in Wal-Mart at approximately $75.00 to $80.00 per share is less than the cost of latest whatever your kid(s) are begging for.

Or, how about buying a share of the company that manufacturer the $200 to $300.00-a pair of gym shoes that you buy at least once a year for your kid(s) (who probably does not deserve them--that stock will probably cost you about that much or less)? For example: One share of NIKE stock likely will cost you under $100.00. Again, you'd be spending money for an investment at the same cost you'd ordinarily pay on the depreciable (going-to-wear-out anyway) gym shoes.

Go to http://quotes.wsj.com (The Wall Street Journal's stock report) and get a real time, up-to-the-minute stock quote (cost) of any stock of every corporation that is traded on the New York Stock Exchange.

Repeat (Now I'm Training):
How about introducing your kid(s) to wealth-building by purchasing them a stock certificate (share) or several shares of stocks in the companies where we spend our money regularly for them. For example: We buy a lot of food (commodities), tangible goods like clothes, shoes, electronics (including games)--you know, stuff like that.

Repeat (I'm Training Again):
Instead of spending hundreds of dollars on the latest pair of gym shoes or whatever, buy your kid(s) a share of stock. The gym shoes you buy will depreciate (wear-out). But, on the other hand, if you purchase the stock of the company that makes the gym shoes--well then, that's laying the foundation for wealth-building. Chances are that company will be around for another 50-100 years with its stock more than likely appreciating (increasing in value) instead of depreciating like the gym shoes your kid(s) ask you to buy that you really cannot afford and they don't deserve. So, if you're going to spend "the" money anyway, spend it wisely--THIS TIME!

See that! Isn’t that sweet? It beats the hell out of spending money on things for your kids they won't get a return on, or won't [still] have 5, 10, or 15 years down the road. Buy anything tangible today and I'll guarantee the kid(s) won't appreciate it tomorrow, and certainly will not [want to] have access to it or be able to use weeks, months, years from now (like those shares of stock I told you to purchase for your kids way-back-a-few-sentences-ago).

Most of our children don't even know what stocks are or what investing is. But is high-time that we start teaching, guiding, and actually start [re-]directing some of the money we spend on them to investments.

In addition, as a responsible mother, you should also make it a mandatory requirement that your kid(s) a designated, pre-arranged amount of their own [saved] pocket or walking-around money to make small purchases of stock--one or two at a time.

It's really simple do. You don't have to have a stock broker to purchase a share or shares of stock; and you can purchase one share at a time or as many as you want at one time.

In publicly traded (on the stock markets) corporations have "Public Relations" departments at their corporate headquarters. All you have to do is call the company or companies of your choice, and tell the public relations department that you want to buy shares for your kid(s) directly from their corporation. It's that simple. HECK! Buy some for yourself--first!

Don't keep being a stupid economic buffoon (I use to be one). Like me, start spending your money in ways where your money can start working for you while you keep (and still can) work for it. Make purchases that will benefit you and your kids in the long-run as opposed to ways that only satisfy your emotional or greed needs. STOP THAT! Do as I say for a better financial way. Please!

Yeah. Yeah. I know. I love you to...

Saishe! Holla!

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