Why a proper entry into adulthood should come with a lesson in personal finance.
If you're a parent, family member, or friend of a Bar or Bat Mitzvah, you may be wondering what kind of gift to get them. You might be leaning toward giving cash, or wondering how much is the appropriate amount. But here's the thing: many Bar Mitzvah kids receive gift money, but when it comes to what to actually do with it, its very rare that anyone explains how to hold onto it, manage it, and ideally grow it. I was never taught this, and many aren't sure what advice to give, or who to turn to. The Bar or Bat Mitzvah get a once in a lifetime gift, but they don't learn the skills and knowledge to make the most of it and while it used to be a huge missed opportunity, it doesn't have to be anymore.
The Power of Your Gift Money Working for You
Think about it: if a Bar Mitzvah child received $5,000 in gift money and invested it with a normal return of 10% per year, that money would compound and grow to over $225,000 in 40 years (I explain how they can do this here).
Can you imagine the difference that would make in their lives? And that's just with a relatively small sum of money and a fairly conservative return based on the S&P500's historical return. Imagine the potential if the child learned how to save and invest more of their money over time!
The Big Opportunity to Really Make a Difference
That's where a program like the Bar and Bat Mitzvah Investing Course can have a life changing effect. This interactive and educational program teaches teens everything they need to know about saving, investing, and growing their money, including giving charity. From the basics of compound interest to more advanced concepts like how to build a long term, buy and hold portfolio, the program covers it all. Plus, it's fun and engaging, so the kids will actually enjoy learning about money!
The Gift That Keeps on Giving
By giving the gift of financial education, you'll not only be teaching the teen how to manage their money, but you'll also be teaching them how to grow and increase the value of their gift money.
So, if you're trying to decide what to give as a Bar or Bat Mitzvah gift, watch this sample class and share it with a Bar or Bat Mitzvah, it will open their eyes to the possibilities.
See the full program. Click - HERE!
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