Pacific Legacy Wealth Partners’ Post

Want to know what's better than gifting toys? Gifting money that will grow! There are many benefits to gifting money that grows compared to gifting toys. You can even add a gift contribution to many 529 plans for kids. Which would you rather, having a house full of messy and noisy toys or to have a child be financially secure in the future? Let us know in the comments! ... #brazoswafamilyplan #brazoswealthadvisors #alternativeinvestments #financialgrowth #stockoptions #generationalwealth #familytrust #fortworthbusiness #iowapark

Think about your gifts really hard this holiday season. If your gift requires the recipient to spend a bunch of extra money to make it work/worth it, maybe it's not such a good gift. I almost spent a lot of money to get my brother a gift for Christmas, it was something I already have and something I know he would love. However, before I pulled the trigger I remembered something: I only love it because I have all the other pieces that make it work the way it's supposed to. He doesn't have those which leaves two options: 1. Buy the original gift plus all the parts and pieces to make it work right. 2. Don't buy the gift. Either choice is fine but the option of buying something that requires an investment by the recipient to make it function is not a good option.

🧠 Learn the new #WordOfTheDay! Gifting Strategies - Ways to give money or property to others in a tax-efficient manner. 📚 Subscribe for FREE and get smart w/ money 👉🏽 https://hubs.la/Q02H-Xx40 👈🏽 👉 And if joining feels like we’re moving too fast, how about showing the love with 👍 and maybe a repost? Thanks & good karma #GreatWealthTransfer  #FinancialEducation

I remember back then as children, visitors give us money or during festivities like Christmas and New Year , we get cash gifts. Momsie will promise to save it for us. But when we ask for our savings, you guessed right. We're all too familiar with the response😆 Saw this video and thought to share. This mom has an innovative idea that might just inspire you! In the video, she gives her children $5 each week as "income" but then charges them for "rent," "food," and "utilities." I think it's a fun, hands-on way to teach them about budgeting, saving, and the responsibilities that come with earning money. This simple exercise not only helps them understand the value of money but also prepares them for the financial realities of adulthood. Now, imagine the impact of starting these early. Is this something you love to try or save for later? Let me know what you think. #weekend| #friday| #tgif| #moneymanagement

Don't miss our December newsletter, now hosted on Substack! https://lnkd.in/eh3ec4zG This issue includes: *Safety tips and reminders around gifting and travel this holiday season *Specific suggestions for growing and gifting money to children (even if their not yours!) *Thinking about starting estate planning? Let's begin with the legacy you want to leave. *Learn more about our curriculum options tailored just for your social group or workplace #financialeducation #estateplanning #gifting

Understanding Money Awareness When Gifting Your Children This Holiday Season; As the holiday season approaches, many parents find themselves in a whirlwind of gift shopping and festive planning. The excitement of gifting children can sometimes lead to an unintentional overspend, especially when parents reflect on their own childhood experiences with gifts. Maggie Baker, a financial psychologist, emphasizes the importance of having "money awareness" during this time. In this blog post, we’ll explore the concept of money awareness and why it’s essential to strike a balance when gifting your children. The Pendulum of Gifting; In our quest to provide more for our children than we received, many parents swing the pendulum of gifting too far. If you grew up with little, you might feel compelled to shower your children with gifts to compensate for what you felt you missed. Conversely, if you were fortunate to receive an abundance of gifts, you might feel the need to maintain that same level of generosity. This pendulum effect can lead to two extremes: Overindulgence: Showering children with too many gifts can foster a sense of entitlement, diminishing the value of money and thoughtful giving. Under-gifting: On the flip side, giving too little can lead to feelings of inadequacy or disappointment in children, which can impact their relationship with money in the future. When parents practice money awareness, they can impart important lessons about the value of money to their children. Contact Maggie Baker's direct line: (610) 505-7031 https://lnkd.in/ey5CvZ-S #money #moneymindset #moneymanagement

The holiday season is about more than just unwrapping gifts, it’s about giving something that really matters to our loved ones. Sure, we all love a thoughtful gift, but have you ever considered the ones that give back over time? ✨ Maybe it’s contributing to someone’s education, investing in a cause close to their heart, or sharing a financial gift that helps build a stronger future. Gifts that keep on giving are gifts that make a lasting difference, far beyond the holiday season. Let’s make this holiday season unforgettable with gifts that matter. 💝💡 Swipe left for some gift ideas that bring lasting value beyond the holiday season! ⏮️ #lastingimpact #giftsthatgiveback #holidaygiving #investinyourfuture #makeadifference #givewithpurpose #seasonofgiving

Managing your finances anytime of the year can be daunting. Managing your money during the holidays can be an even bigger challenge. It can be hard not to associate the holidays with stress for multiple reasons, but let’s work on finances not being one of those burdens for you. Take some baby steps now to prepare for the gift giving season. Start by setting a gift budget for your household! Let’s celebrate this year!

What if holiday spending could help you fund your new home? 🤔 With HomeFundIt™ + UpIt™, it can! With over 1,000 participating retailers waiting to give you money towards your down payment, holiday shopping has never been easier. 🎁 #homefundit #downpayment #happyholidays #holidayspending #downpaymentgifting

What if holiday spending could help you fund your new home? 🤔 With HomeFundIt™ + UpIt™, it can! With over 1,000 participating retailers waiting to give you money towards your down payment, holiday shopping has never been easier. 🎁 #homefundit #downpayment #happyholidays #holidayspending #downpaymentgifting