💰Open These Accounts to Get Ahead of the Game

read time 2 minutes

Hi there,

Think back to when you were 18. That mix of excitement and freedom - the feeling that the world was finally yours. But if we’re being honest, most of us had no clue what to do with money back then. No one really taught us how to make it grow.

Now, imagine your kid standing at that same starting line, except this time, they’ve got the tools and mindset to win the financial game early. Starting young isn’t just smart; it’s powerful. Time and compound interest become their secret weapons, quietly working behind the scenes while they live their life.

And getting them started doesn’t have to be complicated. Here are the three accounts your 18-year-old needs if you want to help them build real wealth:

1. Help them earn early.
   Whether it’s reselling sneakers, starting an online store, or offering car wash services, encourage a side hustle. Then open a high-yield savings account and teach them to save 10% of every dollar. It’s not about the amount, it’s about building habits that last a lifetime.
   
   
2. Add them as an authorized user on your credit card.
   This small step builds their credit score effortlessly. No spending required,  just time. And when they’re ready for their first car or home, they’ll qualify for the best rates because of the foundation you helped create.
   
   
3. Open a Roth IRA.
   Even $25 a week invested in ETFs like VOO, SPY, or VTI can quietly turn into a million-dollar nest egg by the time they retire. That’s the beauty of starting early - small steps compound into lifelong security.
   
   

Start early. Stay consistent. Let time and good habits do the heavy lifting. Because one day, your kid will look back and realize, while everyone else was catching up, they were already ahead.

If you want to get ahead of your money, follow my step-by-step money plan to make your first $100K. Start here.

Using my affiliate link helps support my team and I to create new content for you every week. Thank you! 

- Milan and Team

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