Use this simple plan to make your children wealthy

I’mma gonna share a secret with you.

I have a plan to build a financial fortress for my daughters.

My plan is to accumulate 50 shares of Amazon stock for both of my daughters. Both of my daughters have self-directed IRA accounts. More importantly, they both own income properties in their retirement accounts.

Each month, $600 to $900 of cashflow from these properties flows into both of their IRAs.

A few years ago, I started reinvesting the cashflow generated in their retirement accounts into Amazon stock.

When I started this little plan, Amazon was trading in the $800 price range. This week Amazon is trading at around $1,900!

Whenever their IRA accounts accumulate enough money to buy another share, I log in and place a buy order for one share. Yes, I’m buying one share at a time. I really don’t care. I’m a one-share gunslinger!

Why would I do this?

Two reasons:

1. In my Cashflownaire Plan book, I outline a three-step financial plan anyone can follow to achieve the Position of Fuck You

Step One:
Create Monthly Cashflow = Double Your Living Expenses

Step Two:
Pay Off All Of Your Debt

Step Three:
Build a Financial Fortress for Your Family

Both of my daughters are technically already at Step Three in my plan.

They have monthly cashflow, zero living expenses and no debt. This means they’re already in the Position of Fuck You!

Your kids are probably close to this glorious position, too. The only thing they probably need is monthly cashflow, which you should be able to create for them fairly easily.

The problem is we all typically start out in this glorious position and end up messing everything up by copying everyone else.

This little example also illustrates that you don’t necessarily need tens of thousands of dollars of monthly cashflow to achieve the Position of Fuck You. It’s all about how much your living expenses are and how much debt you have.

Since our children don’t have any living expenses and are, hopefully, debt-free, they’re at Step Three giving you the opportunity to build a financial fortress for them. It’s really the best time of their lives to build wealth. They don’t have any debt. They don’t have any bills to pay. And the have the benefit of decades worth of compounding.

2. I think Amazon is an amazing compounding machine. Mr. Bezos is continually reinvesting every penny of profit back into the business. They’ve turned themselves into a MASSIVE Membership business with multiple memberships

Over the last 10 years, I’ve watched Amazon completely change how we shop, and it seems as if Amazon may rule the world at some point in the future.

Bezos recently gave the following advice to a young entrepreneur on how to succeed:

“Well, there’s no magic involved, but the keys to success are quite simple: Value your customers, hire well, find a market that isn’t being served, and realize that someday I will utterly crush you.”

How many businesses has he crushed already?

I certainly wouldn’t want to compete with Amazon. I would rather figure out a way to profit from Amazon.

The best way to profit from Amazon would simply be to own it (or small pieces of it).

Think about this question

If you could give your children just ONE stock
for them to own for decades, what would you give them?

Sears? JC Penney? LOL

No silly, Amazon.

This is what I’m doing. I’m trying to arrange things so my daughters own Amazon stock for decades in their retirement accounts. The shares are actually being purchased by the families living in their rental properties.

They’re not buying Amazon shares directly. They’re simply reinvesting the income from one investment into Amazon shares.

I honestly don’t care what Amazon is worth today. I also don’t care if I’m overpaying for each share based upon Amazon’s value today.

And truth-be-told, I actually want the Amazon’s share price to crash so I can buy more shares faster. Anytime the price of Amazon increases, it makes achieving my 50 share goal harder. 🙁

Any other thoughts on the price of Amazon and what may happen in the next few years are simply distractions.

The overriding thought is… what will Amazon be worth 30 years from now?

P.S. If you want to learn about the investments my daughters have in their IRA, study this report.