The 20% Habit Kids Need

Hi. This is Aaron Andrew with three Dimensional Wealth, Living with our magazine with three Dimensional Wealth, and I’m excited to share with you guys, looking at page twenty and twenty one, the twenty percent habit kids need. Okay? So I’m gonna be looking at it here behind me, just doing a quick video to give you guys kind of insights of, you know, us as the authors talking to you about, you know, the the article here. So this twenty percent habit, this is a picture of my two girls, that’s when we were on a cruise there on the on the right side of the screen. That picture of me up in the right hand corner, that’s I look a little fatter in there by the way. I think I but I look a little better I think with the beard. It makes me look not quite as thick there. But what I’m doing here is I wanna talk to you guys about this twenty percent habit. So my kids that’s another picture of my kids on the left side, by the way, when they were doing some dishes, trying to teach them to, you know, help out with chores and things. It’s one of my favorite pictures of my two daughters when they were little, you know, sitting on those standing on those stools and doing the dishes. But anyways, just like all parents and, you know, grandparents, we are we struggle with trying to get our kids to, you know, do the chores and things like that, trying to teach them. We’re not perfect at it. But in this article, what we’re trying to tell you guys here is teach your kids to save money. There’s so many people that right when they get out of college or right when they start to get their first job, they spend all their money. They don’t know how to save. They don’t know how to be disciplined. So we’ve taught our daughters, you know, we’ve taught them to be, you know, disciplined to try to save. So when their first business, Forever Flags, where we set up flags on the different holidays through the year. So we have in the neighborhood, they have neighbors they talk to, and they renew them every year, so we actually gotta do it this month, is we are setting up, flags for Memorial Day, Labor Day, Fourth of July, all the special holidays, during the summer, and they sell that. And as they make money doing that business that my brother set up years ago, we have them save about twenty percent of what they make into long term savings. Okay? Now, we have my daughter Shelby, as we, you know, wrote this article, just about to get her first w two job. It’s been kinda hard for her to find a job as a sixteen year old. It’s kind of amazing because they all wanna hire eighteen year olds. We just got her her first job or she got her first job. She, you know, put it in, put in her application. She’s gonna be working at a a place called Kalabunga Bay, which is where she’s gonna be a lifeguard, and we wanna work her up to work in the cabanas where she gets tips and things. Actually, our chief our editor of our magazine, Heather Beers, actually helped us with this, with, this job because she’s she applied quite a few places. But anyways, she’s got her job. She’s super excited. She’s about to go into training and and work this summer, And it’s it’s amazing. I saw another our, you know, article of you guys about getting kids, young kids working. The younger you get them to work, the better it is where they get disciplined working and having a good work ethic. So I’m excited for my daughter to have her first w two job besides the family business when we had setting up the flags. Anyways, we are setting up I’m now setting up her IUL now. Her IUL where she’s gonna be saving money and I’m gonna match. So we match with Forever Flags, and I’m gonna be matching her contributions for her savings, you know, out of her income. So if she wants to put in more than twenty percent, I’m matching her a hundred percent on her savings going into her IUL. So it’s pretty cool. So I’ve got her IUL ready to go to be set up. Now that she’s got her job, I’m gonna start making her income. So that’s what we’re doing as a family. I mean, there’s so many ways you could do this. That’s what I decided to do is to keep her disciplined and keeping her incentivized to save where I as a parent will match her right now into her own IUL where she can build that money up, where she could use it for a church mission, she could use it for her first home, for, you know, honeymoon if she wants, whatever things she wants to work for, and I can’t believe I’m saying that because she’s still very young. But, the time flies. So she’s a junior in high school, about to start her senior year in the fall. But this is what, we have done, you know, teaching our kids how to be disciplined and how to save is helping educate them to, yes, no matter how much money you’re making, try to save twenty percent of your income because too many people are saving way less than twenty percent of their income. So try to do it with your kids, your grandkids, help them to be disciplined to save and invest and to live within their means and be able to live below their means so that they can save that twenty percent. Thank you for, watching. Take care.