Kid$Vest is a platform that teaches youth budgeting, saving, and investment techniques so they become financially capable throughout their life. Kids can’t learn, understand, or practice what they haven’t been taught. So, it is up to us as parents, teachers, and communities to make sure every kid has opportunities to reach their own personal DreamLife. Kid$Vest can make sure this happens by first teaching our kids about financial knowledge, then showing them action steps to financial security!
Kid$Vest major goals include:
- Establishing national financial literacy curriculum in grades K-12
- Teaching kids budgeting, saving, and investment principles at home and in our schools
- Enabling American teens to initiate investment action steps before age 20
- Making sure all kids and parents, with and without means, are included in the strategy
A Kid$Vest Committee is organized with School Administration and Board, Teachers, Students, and Business leaders. This stakeholder group designs and implements, with Kid$Vest oversight, The Kid$Vest Model in your community. Just call or email Kid$Vest in the Contact section above and we’ll help you set up a model program in your community.
If you become a Kid$Club Member you will be able to tell your story about your financially successes and failures. We all have both and sharing may help others avoid our mistakes or inspire them to emulate our successes. Regardless, learning together to become more financially free is what Kid$Vest is all about!
You, your parents, or your grandparents can put up to $5,500 dollars in your Roth IRA per year. Whatever the dollar amount you earn, you can put in your Roth IRA account. If you are a minor under age 18, have your parents sponsor you. Can’t afford the maximum contribution, no matter? Anything you put away in your retirement account now has roughly 40-45 years to grow and compound. It will still be a big number by then.
- Learn about financial literacy—how to budget, save, and invest
- Take action steps so you become financially capable—like starting a Roth IRA
- Maintain a solid Credit Rating—get approved for loans pay lower interest
- Become a Kid$Vest Club member, tell the story of you, and initiate your first Roth IRA
- Keep learning and practicing financial health throughout your life
- Make sure you have FUN along the way
You can become a Kid$Club Member simply by signing up. It’s Free! As a Club Member, you will also receive our weekly blog and monthly newsletter. You can tell us “the story of you”—what are your passions, goals and financial successes and failures. We all have a story and we want to know yours. Once you become a Kid$Club member you can also initiate your Roth IRA through our financial partner, Fidelity. This fantastic financial firm offers no-cost Roth IRA’s and you can select numerous low-cost Mutual Funds and ETFs for your investments.
Simply go to our Blog and sign up—it is free. You will receive our weekly blog and monthly newsletter posts teaching you about budgeting, saving and investing.
If you save between 10-20% of your income for savings, emergency funds, investment and retirement, you will likely have a successful and happy life. This 20% number is the goal throughout your life, but is nearly impossible when you are young. So, start out saving 2-10% of your income in your teens and twenties and gradual move up the financial income ladder.
In the Services section, you will find numerous tools to help you become financially capable. These include:
- The Kid$Vest Project—my book for parents, educators, and financially interested kids who want to know why’s and how’s of becoming financially capable.
- The Kid$Vest Financial Binder—a Financial Strategic Plan for kids ages 10-25. The binder can be filled out annually and will keep you on track toward accomplishing your personal and financial goals.
- Financial Calculators—learn how debt and compound interest can positively affect your budgeting, saving, and investment future by playing with several financial calculators on our site.
