The Best Christmas Gift For Kids

How would you like to turn 21 and be gifted a life-changing amount of money?

Tens of thousands of dollars that you can use however you want?

Ever since my nephew was born, I’ve been secretly investing $600 a year on his behalf. The goal is to compound this money into $20,000 — $30,000, and surprise him with a nice portfolio of income producing assets once he turns 21.

If you are a parent (or an aunt or uncle), you might want to consider giving kids the long-term gift of quality assets.

Setting aside a few dollars a month gives you a surprisingly large chunk of starting capital that will appreciate for years to come. And, since you’re building generational wealth, there are plenty of fantastic investment options.

Personally, I bought my nephew 12 shares of General Mills last year.

Why General Mills? It’s a solid company that has paid uninterrupted dividends for the past 120 years.

Over the course of 2021, my nephew’s 12 General Mills shares have created an extra 0.41 shares through dividend reinvestment. And that will compound again in 2022, and so on.

Of course, there are plenty of other good, “buy-and-hold” companies you could invest in.