Free Beginner's Guide for Investing your Bar and Bat Mitzvah Gift Money

15 min workshop - See how I invested my Bar Mitzvah money, what worked & my biggest mistakes!

https://youtu.be/i1L2e_hC0y0

Hey there! Are you trying to decide what to do with your Bar or Bat Mitzvah gift money?

Investing some of it can be a great way to grow your gift money and set you up for the future but it can also be confusing and overwhelming.

Where do you start? What if you don't know anything about investing? And how do you make sure you don't lose all your money?

Here are two of the most common ways to grow your Bar and Bat Mitzvah gift money.

Option 1 - Put it in a savings account

A savings account is like putting your money into a special bank account where it's safe and sound. You'll earn a little bit of interest usually around 1- 2%, it's not going to be a huge amount, but it will grow. Think of it as a slow and steady way to grow your money.

Option 2 - Invest it in the stock market

Investing means you take your money and buy stocks, ETFs and mutual fun

ds, which have the potential to earn a higher return. The stock market over the last 90 years has returned on average 10% a year, which can really add up.

You can achieve these results by simply buying an index of the stock market. An index includes a little bit of stock from a wide group of great companies, so by buying 1 index, you are essentially invest in a broad range of high performing companies and any avoid having to try and pick individual stocks.

Example - How much can these earn you?

You have $1,000 and you put it into a savings account that earns a 2% annual return.

After one year, your $1,000 would be worth $1,020. That's an extra $20, that is more than what you started with, but not exactly life-changing.

After 40 years, your $1,000 would be worth $2,804.59. That's more like it!

Now, let's say you decide to invest your $1,000 instead in an index of the stock market. If your investment earns a 10% annual return, after one year, your $1,000 would be worth $1,100. That's an extra $100! And if you leave your money invested for 40 years, your investment would be worth $49,422.54. That's a lot of extra cash!

That's a $46,000 difference!

There are risks involved with investing but as you can see, investing your money has the potential to earn a much higher return than a savings account over the long term.

Free Beginners Video Guide:

See how I invested my Bar Mitzvah money, avoid my biggest mistake & see what worked!

Looking to help someone learn how to invest their Bar and Bat Mitzvah gift money. Check out my special program for Bar and Bat Mitzvahs here - Bar and Bat Mitzvah Investing Course.