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Speaker 1: This episode is brought to you by P and C Bank.

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Speaker 1: A lot of people think podcasts about work are boring,

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Speaker 1: and sure they definitely can be, but understanding a professionals

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Speaker 1: routine shows us how they achieve their success little by little,

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Speaker 1: day after day. It's like banking with P and C Bank.

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Speaker 1: It might seem boring to safe plan and make calculated

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Speaker 1: decisions with your bank, but keeping your money boring is

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Speaker 1: what helps you live or more happily fulfilled life. P

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Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

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Speaker 1: Boring since eighteen sixty five is a service mark of

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Speaker 1: the PNC Financial Service Group, Inc. P and C Bank

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Speaker 1: National Association Member FDIC.

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Speaker 2: Erness What's Up?

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Speaker 1: You ever walk into a small business and everything just

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Speaker 1: works like the checkout is fast, the receipts are digital,

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Speaker 1: tipping is a breeze, and you're out the door before

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Speaker 1: the line even builds. Odds are they're using Square? We

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Speaker 1: love supporting business that run on Square because it just

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Speaker 1: feels seamless. Whether it's a local coffee shop, a vendor

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Speaker 1: at a pop up market, or even one of.

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Speaker 2: Our merch partners.

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Speaker 1: Square makes it easy for them to take payments, manage inventory,

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Speaker 1: and run their business with confidence, all from one simple system.

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Speaker 1: If you're a business owner or even just thinking about

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Speaker 1: launching something soon, Square is hands down one of the

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Speaker 1: best tools out there to help you start, run and grow.

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Speaker 1: It's not just about payments, it's about giving you time

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Speaker 1: back so you can focus on what matters most ready.

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Speaker 1: To see how Square can transform your business, visit Square

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Speaker 1: dot com backslash go backslash eyl to learn more that

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Speaker 1: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.

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Speaker 1: Let's Square handle the back end so you can keep

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Speaker 1: pushing your vision forward.

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Speaker 3: So the last one that we'll talk about is stock gifting.

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Speaker 2: Remember that that post you put up like that was

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Speaker 2: years ago.

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Speaker 1: We're like, yo, instead at a baby shower getting gifts,

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Speaker 1: we should be Brian stocks That really didn't pick up.

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Speaker 2: People really didn't take advantage of that.

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Speaker 1: But that's one of these things, right, Like, if we

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Speaker 1: know the advantage of investing in the market, right and

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Speaker 1: we have a child that is coming into this Wow,

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Speaker 1: And it doesn't even have to be a baby shower.

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Speaker 1: It could be any type of holiday, it could be

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Speaker 1: a birthday, it could be Christmas. Yes, it's cool to

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Speaker 1: have cool toys and have nice items, but the one

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Speaker 1: thing we know about those items is that they're gonna

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Speaker 1: hold no value after we open and they're not gonna

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Speaker 1: appreciate time. Even if it's a collectible like a sneaker

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Speaker 1: or something a child at seven eight not they're wearing

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Speaker 1: that shoe and they're gonna wear that thing to death

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Speaker 1: and it's gonna be worth nothing after it was purchasing one.

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Speaker 1: Whereas if we put it into an investment like a

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Speaker 1: stock on atf on index, we know long term that

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Speaker 1: that's gonna appreciate, and so we need to get in

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Speaker 1: the habit of at least thinking that way. Right, we

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Speaker 1: can now gift an asset that's going to appreciate over

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Speaker 1: the course of someone's life, and even if they don't know.

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Speaker 1: I think that's the perfect part of it. A lot

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Speaker 1: of times, and we've seen people be gifted stock and

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Speaker 1: they're like, what is this? What do I do with this?

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Speaker 1: It now becomes a teaching lesson again, Right, you always

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Speaker 1: have to have an inflection point in any point of education,

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Speaker 1: the fact that you've done something that is completely different

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Speaker 1: than buying a PlayStation, Right, maybe you buy Sony stock

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Speaker 1: in addition to it. Right, so now it's best of

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Speaker 1: both for us. Well, here I invested in the actual item,

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Speaker 1: but here we invested in the company too. Here's why

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Speaker 1: we did it, and here's how long you're going to

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Speaker 1: hold it. It's an inflection point now to increase the

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Speaker 1: intelligence of a child that you know that becomes contagious. Right,

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Speaker 1: the kid now gets to explain to him his peers

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Speaker 1: and his cousins and his friends what happened, and hopefully

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Speaker 1: they explain to their parents. That's how you build education

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Speaker 1: in the community. Digress, Yeah, for sure.

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Speaker 3: And the irs allows tax free gifts of eighteen thousand

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Speaker 3: dollars a year. Whow So we have never really talked

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Speaker 3: about gifting too much, but you can gift eighteen thousand

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Speaker 3: dollars a year tax free. So we talked about the

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Speaker 3: tax benefits as far as you know if you're a

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Speaker 3: self employed person. But this is another way to kind

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Speaker 3: of a tax purposes benefits.

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Speaker 2: Is you know, when you're talking.

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Speaker 3: About stock gifting, the tax aspect is a major part

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Speaker 3: of it. So this is a you can you can

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Speaker 3: gift tax free up to eighteen thousand dollars a year, right,

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Speaker 3: and it doesn't have to be just stocks, but we're

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Speaker 3: talking about stocks right now, so that's the main focus.

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Speaker 3: But it's the same principles that apply when we talked

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Speaker 3: about all of the other stuff.

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Speaker 2: Right.

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Speaker 3: You you can literally take ten thousand dollars a year

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Speaker 3: and gifted to your child or to your grandchild, and

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Speaker 3: that's tax free and that same compounding interest growth will occur.

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Speaker 3: So that's another benefit of you know, gifting, is that

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Speaker 3: the tax aspect of like, that's a great way to

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Speaker 3: utilize the tax system in America and to still benefit

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Speaker 3: the next generation.

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Speaker 1: Yeah, and somebody's going to ask, well, how do I

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Speaker 1: give to It goes back to the third way that we

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Speaker 1: said that you can create a millionaire situation for your

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Speaker 1: child open the up my account, right that up my

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Speaker 1: account is super important number. Again for the tax purposes,

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Speaker 1: but again this is now something you can put assets

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Speaker 1: inside of, whether it be collectibles, whether it be real estate,

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Speaker 1: whether it be I bid to invest in bitcoin. This

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Speaker 1: is a definite must if you're trying to build wealth

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Speaker 1: for your children, right, you have to have an up

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Speaker 1: my account. In fact, I encourage everybody after they watch

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Speaker 1: this video or tomorrow morning, go to your broker's account,

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Speaker 1: whichever one you use, and I've done it on each

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Speaker 1: one of them. So Fidelity has it, Chuab has it,

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Speaker 1: each Trade has it.

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Speaker 2: Open.

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Speaker 1: Then up my account and just open it. Put five

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Speaker 1: hundred dollars in there. In the same way we talk

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Speaker 1: about dollar cost averaging. Right, this is another key thing.

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Speaker 1: The same way we talked about dollar cost averaging. Make

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Speaker 1: sure that you have a plan into putting money into

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Speaker 1: that upme account. Don't just leave it at the five

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Speaker 1: hundred that you did to open and thinking that it's

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Speaker 1: going to grow. We told you the threshold from a

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Speaker 1: tax standpoint, we told you the things that you can

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Speaker 1: invest inside of it.

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Speaker 2: Make sure that there's a plan to put.

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Speaker 1: Assets until it can accumulate to something that's going to

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Speaker 1: be worthwhile in the future.

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Speaker 4: An illegal alien from Guatemala charged with raping a child

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Speaker 4: in Massachusetts. An MS thirteen gang member from El Salvador

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Speaker 4: accused of murdering a Texas man of Venezuelan charged with

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Speaker 4: filming and selling child pornography in Michigan. These are just

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Speaker 4: some of the heinous migrant criminals caught because of President

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Speaker 4: Donald J. Trump's leadership. I'm Christy Noman, the United States

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Speaker 4: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 4: crossings are at the lowest levels ever recorded, and over

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Speaker 4: one hundred thousand illegal aliens have been arrested. If you

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Speaker 4: are here illegally, your next you will be fine nearly

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Speaker 4: one one thousand dollars a day, imprisoned, and deported. You

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Speaker 4: will never return. But if you register using our CBP

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Speaker 4: home app and leave now, you could be allowed to

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Speaker 4: return legally. Do what's right, leave now. Under President Trump,

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Speaker 4: America's laws, border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security,