@socalminh: My son won’t go broke. Most people were never taught how interest really works... and that's why so many stay broke. Before becoming a millionaire at 18, Enzo learned one simple concept: There are only 2 sides to money - borrowing money or receiving money. When it comes to borrowing money: • Don't borrow money you can't pay back • Protect your credit so you pay lower interest • Only borrow money to make more money When it comes to receiving money: • Invest as much as you can consistently • Make sure your money outpaces inflation • Let compound interest do the heavy lifting The Rule of 72 changes everything: Take 72 divided by your rate of return and that tells you how long it takes your money to double. 6% return = 12 years to double 12% return = 6 years to double 72% return = about 1 year to double Most people underestimate how powerful compounding becomes over time. The goal isn't just working for money forever... it's learning how to make your money work for you. That's one reason why I’m teaching my son covered calls - creating cash flow while understanding how capital can compound faster over time. #foryoupage #finance #kids #millionaire #dad

socalminh

Open In TikTok:

Region: US

Tuesday 26 May 2026 15:58:39 GMT