How to Invest for Your Children & Grandchildren (without them becoming brats!)

Рет қаралды 54,317

Күн бұрын

It’s natural to want to put money aside for our loved ones, but it often does not make sense to give up control.
Family Investment Companies - (I am not endorsing these companies, just the articles)
www.saffery.com/insights/publ...
www.ukpropertyaccountants.co....
Discretionary Trusts - (I am not endorsing this company, just the article)
www.ts-p.co.uk/insights/discr...
00:00 - New member of the team
01:19 - Why I WON’T invest for my Son
05:12 - Grandparents & Other family
08:29 - JISA
09:19 - A Better Solution
12:02 - Junior SIPP
12:15 - Family Investment Company & Discretionary Trust
DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice. Any opinions or assessments expressed are James’ own opinions or assessments, which are not affiliated with any third party. Any representations stated as facts or views based on such facts are relevant to circumstances applicable at the time of publication. This information should never be relied solely upon to make decisions, and James accepts no liability for any investment actions undertaken by viewers. Please seek regulated financial advice or an advisor if you require assistance.
James Shack™ property of James Shackell
Copyright © James Shackell 2023. All rights reserved.
The author asserts their moral right under the Copyright, Designs and Patents Act 1988 to be identified as the author of this channel and any video published on it.

Пікірлер: 300

@JamesShack 9 ай бұрын

Thank you to everyone that has supported the Channel. It's taken 3 long years to get to 100k Subs... but I have enjoyed every minute! Your support allows me to keep doing what I do, and I'm incredibly grateful that I get to do this as my "Job". And I hope I'm going to be able to keep at it for many years to come! Now for some sleep...

@kieron8051 9 ай бұрын

way to go james

@mikeroyce8926 9 ай бұрын

Double Congratulations🎉

@lynnestait8011 9 ай бұрын

congratulations on the birth of Master Shack, and thank you for your informative content as always, our first grandchild has just turned 1 so even though I looked at a junior ISA I was reticent to do so, I have not heard of a bare trust so will take a look - and well done on the 100k subscribers

@tonyk3654 9 ай бұрын

Congratulations to you both,we have started a Sipp for grandson with Fidelity and will start one for our granddaughter shortly,i know we want be here to see them enjoy it but at least we hsve have started the ball rolling for them,keep up the great content its really informative. 1

@Nosolutionsonlytradeoff5 3 ай бұрын

@JamesShack Congratulations on the 100k subscribers... and your son! This video got me thinking, whilst I won't be around to see it, I would love to understand more how I can put something away for my unborn grandchildren, great grandchildren and great great grandchildren as the amount I would need to put away for them would be so small to have such an amazing impact it seems like a no brainer (i'm 31)! I understand this might be a bit complicated as we don't know how many there will be but, I would like to know that it will definitely go to them rather than just giving the money to my children/ grand children or asking them to set it up so I imagine we would have to set up some kind of trust with a pot based on expected numbers and explain our wishes on when they can access it, who can access it, how it will be divided etc. Would you be able to make a video on how to do this or is it not possible if they aren't born yet?

@dean4111 9 ай бұрын

Congratulations! Ive got investments for my two boys in my own stocks and shares isa as i never get close to being able to max it out, also want control for when they get older for potential house deposit/education. Also recently set up two junior sipps for them also. Only plan to put in small amounts but see it as a good financial education tool/discipline as to what they can achieve when they take control when they get older (plan anyway) Great videos 👍

@cmark7538 2 ай бұрын

Many congratulations, James, on your son, and the consistently excellent content of your channel.

@dontuno 9 ай бұрын

Our first grandchild is 1 year old in October, and I want to kick-start a SIPP pension that will assure her financial situation some 60 years into her future. However, your presentation has given me food for thought, for which I thank you. Also, congratulations on a well deserved 100K subscription.

@MrCHrisfj 9 ай бұрын

Congratulations to you both, I'm sure that with a father with his financial head screwed on as well as yours he'll turn out fine. Enjoy every minute of time with the little one, they grow up so fast.

@FlyingGoat123 9 ай бұрын

Firstly, congratulations (on both counts) - what a fantastic time it must be in the Shack household! Secondly, thank you for the video. I started saving for my first daughter when she was born but was always reticent to put it in a Junior ISA, for exactly the reasons you said. You could spend all that time and effort for the money to be wasted away at the age of 18 (like you say, despite excellent parenting)!! So in the end, with the help of a fairly simple spreadsheet, her and my second daughters savings are combined in my personal Vanguard ISA, and I keep track of who has what, and the profits/losses are split depending on the percentage they own within the ISA. The Vanguard ISA was on the back of much research, which included your videos - so again, thank you. Without doubt the most valuable channel on KZfaq! Keep up the great work....(please)!

@JamesShack 9 ай бұрын

Thank you for the kind words. I'm glad you've already figured out what I suggest in the video!

@davidhouston7721 9 ай бұрын

Congratulations James. I became a grandfather for the first time (7 September!) so your video is perfectly timed. You’ll love being a daddy.

@TomsPersonalFinance 9 ай бұрын

Congratulations James! There is little chance of me and my wife both using our full ISA allowances, so I'll probably just create a sub-portfolio within my ISA and have it mentally cornered off as my child's money. Like you say, Junior ISAs are great but there is always a chance your child will recklessly spend the money no matter how well you raise them. I know I made some stupid financial decisions when I was 18!

@sethnavabi6926 5 ай бұрын

Your baby is gorgeous. Thanks for the advice. Very helpful.

@chuckmurray1825 9 ай бұрын

Congrats on both! You are a good guy so it's nice to see you do well.

@JamesShack 9 ай бұрын

Thank you Chuck!

@sarfraz-ulhaque7022 9 ай бұрын

Dear James, My heartiest congratulations to you both on the birth of your Son! Have been following, listening and learning from your channel for a while now. Many thanks and wish you all the best. Cheers, Saf.

@JamesShack 9 ай бұрын

Thank you Saf, much appreciated!

@tom.wallis 9 ай бұрын

Great video! Thanks as always.

@Phucket24 8 ай бұрын

Fascinating information Thank you James

@Radictor44 9 ай бұрын

Aww he's sooo cute James, congrats!

@JohninRosc 9 ай бұрын

MASSIVE congratulations - he is beautiful! Your next few years are going to be the best of your life. You'll laugh 100 times a day and you'll have the best Christmases you've ever had! Well done on 100K too - but it pales into insignificance.

@JamesShack 9 ай бұрын

Thank you! I really hope so, once I work out how to sleep!

@dirkhenninghaus4 8 ай бұрын

This is creating sustainable wealth over time and it’s worth the efforts

@Unclebob726 7 ай бұрын

I opened a sip for my daughter this year plan to max it this year and next.

@stevecooper3574 9 ай бұрын

Congrats on your new arrival, embrace the chaos a baby brings! Thanks for the insightful video, I'll certainly evaluate my position. I have a J-ISA that I contribute a small amount to each month for my daughter. Kept low on purpose to avoid her getting a huge lump sum but enough to make a difference. I believe kids can get "control" of a J-ISA at 16 but unable to withdraw until 18. I hope 2 years of managing the pot will help her understand the value of it! I also do the same small amount into a J-SIPP. I want her to have security later in life no matter what direction she choses and I think kickstarting a pension is the best option.

@JamesShack 9 ай бұрын

I think it's a good idea to give them a little in a JISA so they can learn about it all, but as you say, not enough that they can do real damage.

@duncanw1379 9 ай бұрын

Congratulations James.. on both counts!! 🚼🍼👶💯

@JamesShack 9 ай бұрын

Thank you!

@RogerIElliott 9 ай бұрын

That is bloody hilarious James, nice setup 😂 And of course, I'm more than happy for you both, just amazing.

@JamesShack 9 ай бұрын

Nice!

@gibboman 8 ай бұрын

Another great video James, veey interesting and useful

@stevenkavanagh4347 9 ай бұрын

Congratulations James. Your life will never be the same again!

@JamesShack 9 ай бұрын

Thank you!

@user-hl4ie2ld2f 9 ай бұрын

Congratulations James !

@surajvkothari 9 ай бұрын

Congrats on both achievements!!!

@JamesShack 9 ай бұрын

Thank you!

@infernogamers168 9 ай бұрын

This is thought provoking. I must say never thought of it from that angle. Thanks for the insight 👍🏼

@JamesShack 9 ай бұрын

Glad it was helpful!

@OneAndOnlyMe 7 ай бұрын

Belated congratulations!

@PauloJorgeMonteiro 9 ай бұрын

Congratulations 🎉 on the new arrival! Uncertainty leads to anxiety which leads to mistrust and the coping mechanism is control, which could potentially lead to a micro-managing approach to their relationship with lifestyle and spending habits. It's good to not have control in these circumstances. Keep the communication between children and what it means to invest, save, spend and compound interest. Allow them to imagine what would they do with the money when they are 18. Do they have plans? Parenting is also about learning to let go. Great content and good options in this video though. More of a philosophical mindset more than anything else Great channel!

@PauloJorgeMonteiro 9 ай бұрын

I have met a couple of over 80s parents which refused to gift their child/children money because they would spend it all or at least their daughter in law would. I have also met a 40year old daughter that since her mother passed away, controls her dad's spending habits has he started dating again and she is concerned he will waste all of his money in gifts to other women. It is interesting how as adults we have a lot of trust issues, especially with people that close to us. It is no surprise that in a professional setting we become so obsessed with productivity of others and micro-management tendencies kick in.

@JamesShack 9 ай бұрын

I agree. All good comments. I think talking about money as a family in a constructive way is all ways good. Personally, the biggest fear I see (and it's a rational one) is that of a potential divorce. Which is again why as part of estate planning, I would encourage open conversations your children and their partners. And dicuss positive of getting pre-nups or postnups.

@Swingking1977 9 ай бұрын

CONGRATULATIONS!!! Baby looks cute too x

@JamesShack 9 ай бұрын

He is! Thank you.

@milesbennett9670 9 ай бұрын

congratulations James!

@sfielder78 9 ай бұрын

Congrats on the new arrival and good video. I came to the same conclusion that I would fund my own isa and allow grandparents to contribute to junior isas for my two kids. My betting is 1 child will be sensible and 1 will go to vegas!

@mxmus08 8 ай бұрын

Congrats, James.

@Steve-ok1md 9 ай бұрын

Congratulations James for all of you recent achievements! I’m slightly surprised that you barely mentioned the Junior SIPP as an option for investing for children. Yes they cannot access it until they are at retirement age, but the compounding effects over 60 years can be incredible and whilst a parent or grandparent may not live to see them enjoy the benefits, it’s surely one of the most powerful ways to invest for children? Perhaps you could look at this in more detail in another video? Love the channel and wish you all the best.

@JamesShack 9 ай бұрын

Hi Steve, you would get the same compounding effects if you held the money in your own ISA, or theirs, but you can access the money earlier. There is no big problem with a JSIPP, only that many people would like to have access to the money earlier. I find it harder to get kids or young adults interesting in investing if they can't touch the money for 30 years!

@QuincelSC 6 ай бұрын

@@JamesShack Sorry to necro-comment, but surely that is a big pro of a JSIPP too though? 18 isn't necessarily the best time of life to gain access to a large sum of money. A JSIPP is less flexible than a JISA or trust but for the same reason it is more protected against behavioural mistakes, which may well be the biggest threat to the child's finances at every stage of life.

@MichaelATH 9 ай бұрын

Congratulation James - for a change I can offer you some advice! Enjoy the little one and cherish the time - it will be gone in a blink, you really have to enjoy it! Well done on the 100k too!

@christopherhoughton2833 8 ай бұрын

As a dad with a one year old that doesnt sleep well, the start of your video with it taking so long to put him down had my crying with laughter 😂

@pauldavidthomasfrodo 28 күн бұрын

As I'm a landlord, most of my income is not 'net relevant earnings' so have minimal personal pension contributions I can make for me and the wife. We fill these pensions first. Then fill out ISA allowances and finally and spill over would go into the JISA.

@TheNimbleNomad 8 ай бұрын

The problem with the pension control argument is that the government has control over when you access it. The state of our public coffers is dire and it’s likely if it doesn’t improve in the future they’ll try to stealth tax us by the time we try and access it. I know what you mean about control I have the same fear for my two year old.. but is it likely the government will go after children on the cusp of turning into adults or the old age pensioners that are loaded in their pension accounts? It’s all theoretical I know but far worse things have materialized in recent years. Any way good content as always. And congrats on being a dad! It’s the best feeling on earth.

@MPD90 3 ай бұрын

I think you misunderstood his point on control around junior ISAs. He's not worried the government will swoop in and not allow the child to have the money at 18, he's worried that the money leaves the parents control the moment it goes into the account and automatically becomes the childs money to do with as these please at 18. Imagine yourself at 18 having £100k suddenly in your name, are you making smart life choices? Probably not.

@poot86 9 ай бұрын

1:06 "Well, that took a lot longer than expected" - This is definitely a reference to my investments 😂

@lplate1000 9 ай бұрын

Congratulations on the subscriptions. Well deserved. (And on the new addition. 🙂)

@JamesShack 9 ай бұрын

Thank you!

@betterweather7870 9 ай бұрын

Congratulations Dad, he is gorgeous 💯👶💖

@nicolawright7308 2 ай бұрын

Hi James, I missed this video so belated congratulations! Do you know anything about Scottish Friendly child bonds and how much one is likely to yield once it matures after investing £25 per month for 13 years and 9 months?

@Dionysos640 9 ай бұрын

Congratulations!

@shaneh5 9 ай бұрын

Congratulations, James! 😀

@JamesShack 9 ай бұрын

Thank you!

@Johnnyboysee 13 күн бұрын

A junior SIPP gets tax relief as well. No investment can match an immediate 25% increase as soon as you put it in.

@stefanzurbruegg2047 9 ай бұрын

Huge congrats dude. My kid is about to be 2. I found 6 months til recently tough. But it’s still amazing when tough in a way. I’m glad you mentioned care fees. Is there any way to keep a DC pension pot out of care fee assessment then that whole area would make a great vid.

@giuliovuolo1 3 ай бұрын

Hi James maybe an idea for a video. Is there a way to get some tax efficiency between generations, like in our situation below. I am 58 and soon to retire. Cash and asset rich, but not needing it now. My daughter 25, just moved into 40% income tax band, has large student debt, and planning to buy a house. I wonder if I could give her money so that instead of paying a mortgage she could save into pension fund as salary sacrifice and save tax/NI/student loan repayment. And later in life if/when I need it, which is likely, she could pay me back. Can this be tax efficient between generations, or we will just pay more taxes later?

@bazwan6396 9 ай бұрын

Congratulations to you all.

@JamesShack 9 ай бұрын

Thank you!

@CathyPowellGlass 9 ай бұрын

Congratulations 🎊 🎉

@mikeroyce8926 9 ай бұрын

At 62, I have concluded that I have "enough" (just about) but I am aware that prolonged high inflation and a poor sequence of returns can easily destroy the value of investments and that for me a reasonable plan is to give money from capital directly to my daughter (age 25) for her to put into her pension over the next four or so years in the hope that she never gets divorced and the expectation that I live another 7 years after making the last gift. I don't have any grandchildren. Neither do I have a family investment company. Sadly there is no "magic certainty button", so I make do with moderately probable outcomes, laced with a touch of optimism.

@billywatcheseverything4108 8 ай бұрын

I would be interested to hear your thoughts on opening up a SIPP for a child? I’m 50 years old and have a 2 year old daughter who I have opened a SIPP for and invest a £100 a month. I did this to give me a little piece of mind that I am helping towards securing her future when I will not be around?

@javihinton 9 ай бұрын

Pretty sure my girlfriend and I cycled past you three yesterday on the Thames by Hammersmith. Was too nervous to come say hi and thanks for the amazing content, but saw you with the bub 👶 and should have come to wish you a massive congratulations! Keep up the amazing work 👍👍👍

@JamesShack 9 ай бұрын

Haha - yes that was me! We ventured out for the house for the first time, and I filmed this later that day. You should have come and said hi!

@Hioctane321 9 ай бұрын

Love the title!

@James1980- 9 ай бұрын

Congratulations James! Great video as always. Just one point.. The chart on IHT made it look like any gift would be subject to IHT at tapering rates reducing to 0% after 7 years. In the example the gift would have been a potentially exempt transfer. If the individual dies within 7 years the PET fails and takes first claim on the IHT nil rate band and increasing how much of the estate is subject to full IHT at 40%. I just thought I’d mention as it may be confusing for viewers. It’s also fresh in my mind as I took R03 today! Keep up the good work 👍🏻

@JamesShack 9 ай бұрын

Ah nice! Technically yes, that specific gift may not attract IHT but there is a knock on consequence that more of the remaining estate is taxable. So from the donors perspective, the tax has not been avoided.

@pistopit7142 9 ай бұрын

Congratulations on having a baby Sir. As far as I am aware I don't have any and I consider it a good financial decission ;)

@JamesShack 9 ай бұрын

Haha - yes it probably is!

@jrussell5215 9 ай бұрын

Congratulations, James 🎉

@JamesShack 9 ай бұрын

Thank you!

@womenpropertybusiness 8 ай бұрын

Hi James, Congratulations 🎉 for your new team member! What would happen to the child ISA in the horrible event of death? And what are your thoughts in regards to kids SIPP s please ?

@antony-xl8me 9 ай бұрын

Congratulations on your new born. Interesting podcast, the biggest concern I would have is an 18 year old having access to large sums of money. There is a high probability that it would not be used wisely. I assume with a trust, you could set a minimum age to access such as 28/30?

@JamesShack 9 ай бұрын

With a discretionary trust or a family investment company you could yes.

@doriangray6985 8 ай бұрын

@JamesShack what are the associated costs? both seem to have high taxation costs

@Turtytreeandaturd 9 ай бұрын

"I've done it" - I think yer Mrs will think otherwise 😂❤ Congratulations to you both ❤

@JamesShack 9 ай бұрын

Haha - good point!

@Aenion11 9 ай бұрын

Congrats!

@adrianmortimer3369 9 ай бұрын

James huge congratulations

@JamesShack 9 ай бұрын

Thank you!

@edinthephilippines 9 ай бұрын

Congratulations James 🎉❤

@JamesShack 9 ай бұрын

Thank you!

@MPD90 3 ай бұрын

Not the most financially astute option, but premium bonds are also available for kids. Gives you 100% control (even down to the option to remove the savings into your name down the line if you think the child isn't going to be financially mature enough at 18) and also gamifies savings a bit for the contributors. Prizes are of course tax free. Downside is the returns are obviously anticipated to be lower than S&S and the £50k limit. But for folk who are talking about a hundred here or there from family for the kids at Christmas, this might be a good option. It's not likely to be a good option for people with tens of thousands to invest early on in the child's life. Just my 2 cents!

@jamesdaw131 9 ай бұрын

Congrats. I’m a few weeks behind you (child not KZfaq subscribers…)

@JamesShack 9 ай бұрын

Haha good luck with it!

@TheYorkshirePhotographer 4 ай бұрын

Congratulations! As a first time dad myself to a one month-year old I know what you’re going through… I recently came across your channel and am really enjoying how clearly you explain everything! I have just started considering Junior ISAs etc. so this is excellent food for thought

@TheJonny12316 9 ай бұрын

Congrats, what a week! keep up the great content!

@JamesShack 9 ай бұрын

Thanks so much!

@samantha392 9 ай бұрын

Congratulations 🎉 ❤🙏

@JamesShack 9 ай бұрын

Thank you!

@BadHorsie1 8 ай бұрын

I opened child investment trusts (as bare trusts) for each of my kids when they were born. Went with F&C, now BMO. I invest £50 per month each. Let's see how much they have by 18. Still quite a few years to go yet

@joncavalier8875 8 ай бұрын

within the trust can you hold tracker funds, or can it only be cash?

@bradleytwebster9314 6 ай бұрын

Hi James, I don’t have any children but I recently became an uncle. What’s the best way I can set some kind of monthly savings/investments up for my niece to have when she turns 18?

@EamonCoyle 9 ай бұрын

Congratulations sir, give the kid love and teach him to think for himself that's priceless !!

@JamesShack 9 ай бұрын

Thank you!

@rickenbacker472 9 ай бұрын

My son has a Junior ISA. My reasoning is this - Education & Habit-Forming. 1. I want to educate him on the importance of investing (not just saving), and 2. I want to teach him early-on that 15% of everything he ever earns should go into his nest egg and *never be touched*. My goal for him is financial freedom in middle-age. When he’s 18 and gains control over the ISA we’ll find-out if he has the discipline required to leave the nest-egg alone and to keep investing. Maybe he’ll blow it all on consumer junk, who knows. I’ll probably also help him with getting on the housing ladder when he settles down a bit in his 20s.

@JamesShack 9 ай бұрын

I think that's a great idea. Perhaps you could just put in enough to get him interested, and then as you get more confident that he'll use the money wisely you can add to it further.

@Option5227 9 ай бұрын

Congratulations James

@JamesShack 9 ай бұрын

Thank you!

@declangeran7328 9 ай бұрын

Can I ask as a new father will you put any amount into a Junior SIPP? Just wondering as somthing I am considering doing. Mainly as I am definitely behind on that front from lack of knowledge through my 20s and if I started putting little bits into a Junior SIPP the compound effect will give her a good head start on that front?

@JamesShack 9 ай бұрын

It would certainly give her a good head start, but maybe you would like her to benefit from the money earlier than 60? In which case your own ISA, or a Junior ISA, may be better.

@edwardward9510 4 ай бұрын

Congratulations! I'd like to open JISAs for my children but can't find any historical performance data to help my decision making. Any ideas where I might find this information? As far as I can see, most investment websites rank JISA products on their platform costs. Any help would be great. Thanks.

@JamesShack 4 ай бұрын

That's because you can invest in (pretty much) anything once the money is inside it. Just like a normal ISA or a SIPP. So the main consideration when deciding on a JISA is the platform fee and the investments offered by the platform.

@jonathanhowson6420 9 ай бұрын

Congrats on the baby and 100k. 1m sub's in time for baby 2?

@barrywhite5899 8 ай бұрын

I opened a SIPP for my children over 15 years ago. I was actually a case study with Hargreaves lansdown and was interviewed for the HL investment times magazine…. Free 20% for the kids even though they ain’t tax payers . My eldest is approaching 18 and will be handed the credentials for her own SIPP. In trust stocks and shares and we will be moving her CTF to HL as an isa later next year. 15 years of compounded dividend reinvestment a for her has made her a wealthy 17 year old.

@JamesShack 8 ай бұрын

I’m glad that is acceptable for you. I wish you had seen me earlier

@davidwarwick6378 9 ай бұрын

Congratulations to you both on becoming parents. I wish I could go back in time and do it again,,,, wait, I can, with the benefit of giving them back. Busy times a head mate. All the very best.

@JamesShack 9 ай бұрын

Thank you!

@StephenCrehan 9 ай бұрын

Congratulations James!😃

@ADHDNurse79 9 ай бұрын

Congratulations, enjoy every second x

@UbiquitousBooks 9 ай бұрын

Thanks James. I have an 8 month old and had come to many of these conclusions, but was not aware of bare trusts. These could be a good option for some of our family to contribute. Many congratulations on your own new arrival!

@mattmurdoch4345 8 ай бұрын

My uncle died and left his estate to me and my brother and we paid a fortune in inheritance tax and the estate was only worth around £600k

@stephenk0nig252 9 ай бұрын

Interesting. I subscribed as you are quite a bit less irritating than the alternatives.

@SkeletonDrums1 9 ай бұрын

Congratulations James, it's a magical and sleep deprived few months you have ahead of you! Hope you got through the hot weather alright with the you one! We had these same considerations a couple of years ago and came to the same conclusions as you made here. Another consideration that we had, was that our daughter is now in receipt disability benefits. If we had made a large saving pot in her name, once her 18th rolled around she would have been means tested and probably lost all benefits. If anyone else is in that situation, I strongly advise you to speak with a financial planner before starting any investments for your child!

@JamesShack 9 ай бұрын

Thank you!

@alexvanbreemen9083 9 ай бұрын

Talking about ‘going long’!

@jimdrude 9 ай бұрын

Huge congratulations 🎉 I wish I knew about this stuff when my kids were born around 20 years ago. University would not have been so painful. I agree strongly about control. If I had the last 20 years again, I’d invest more money, more intelligently and in my own ISA/Pension. Enjoy every moment with your son.

@horukulislam6155 8 ай бұрын

Congratulations James. Hey, what are your views of using an Bitcoin ETF (when it finally gets approved) as part of investment in an ISA S&S?

@calum6590 5 ай бұрын

Set up the minimum £25 a month into my kid's ISA. Will explain to them in their teens and its a test for how they manage/use it after 18 without breaking the bank. They dont have to know there is any more pots saved elsewhere.

@tomclowes5874 9 ай бұрын

Congratulations James, chuffed for you!!!

@JamesShack 9 ай бұрын

Thank you Tom!

@willlsmith8063 9 ай бұрын

Congrats James.........all the best to the little guy

@JamesShack 9 ай бұрын

Thank you!

@eolill 5 ай бұрын

I live in Korea, where it's possible to set up a personal pension savings account for a child. It is my plan to save money in this account so that the child's retirement is safe even if turn out to be an irresponsible adult. They can feel free to follow their dreams knowing that they don't have to save for retirement and they still won't become a homeless elderly person -- while still learning to appreciate the value of money because everything they need before 55 they will have to earn for themselves. If they are disabled or something and need money before then then I can give that to them from my money, at my discretion. They'll need retirement money even more if that's the case, since I'll be gone when they're old.

@carguyuk7525 9 ай бұрын

I have invested in the daughter education. I am betting that going to a posh school will ultimately get her into a good university and then a career job. So far, it's working out well, but it's really expensive! (£22k/yr)I put a decent amount also into my pension as I need to also look after my own finances.

@billerator 9 ай бұрын

Fortuitous timing for sure! Happy times

@JamesShack 9 ай бұрын

Thank you!

@raykhan8601 9 ай бұрын

Huge congratulations on both fronts James. Enjoy this time 😊, the years will race by! This video is so timely on many angles. Thanks again!

@JamesShack 9 ай бұрын

Thank you!

@minimad8793 9 ай бұрын

Congrats to you both on having a wonderful parcel of Joy into the world. Now the fun begins eh. Also, well done for achieving the 100k subscribers, shows that you are on the money with all things financial. Thanks for your support to all of us in you tube land and I am convinced you have inspired many to become financially better off, myself included.

@pousis101 9 ай бұрын

Congratulations on becoming a Father and the 100k

@JamesShack 9 ай бұрын

Thank you!

@andreavarga5166 9 ай бұрын

Congratulations James to your new baby and your 100k subscribers! Well done and keep going, now you have even more reason to do so! ❤

@JamesShack 9 ай бұрын

Thank you!

@MrHCars 9 ай бұрын

This is a really good video and a question i've always wondered what id do. Makes total sense - basically keep the money in your own name to give yourself more control & get the same gains anyway. Congrats on both the 100k and newborn mate! Dont worry about regular uploads, it's going to be a sleepless night from here i'm sure

@JamesShack 9 ай бұрын

Thank you! I'll sleep when i'm dead...

@happyhoque-qx5kf 9 ай бұрын

Congratulations James - I have never commented on any social platform before but I do watch your videos and am so moved by you wonderful situation to finally comment - truly wish the best for your family and little one!

@JamesShack 9 ай бұрын

Ah thank you very much!