14 Kiddies Wealth Creation Tips

Kiddies Wealth Creation: Wealth and abundance are important elements in living a life that is financially stable and free of stress.

Having a job and earning money is one way to have wealth.

Yet there is another level of abundant living that involves attracting the idea of wealth and prosperity.

Having a mindset that brings abundance into one’s life is the key to knowing how to attract wealth.

Follow these steps to learn how to attract wealth and begin living a financially secure life.

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Kiddies Wealth Creation

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1. Kiddies Wealth Creation

You are never too young to start saving and investing.

People who start investing when they are young are more likely to develop habits that will last a lifetime.

The earlier you start investing, the more money you’ll accumulate over time.

To find additional dollars to invest, you might start your own business.

Everyone can find money to invest if they analyze and change their spending habits.

2. Start early. 

If you want to accumulate wealth, time is the most important factor.

The longer you save and invest, the more likely you are to reach your goals and build sizable wealth.

  • You can set aside more money to invest over a long period of time than over a short one.
  • That may seem obvious, but many people don’t fully appreciate how powerful the effect of time can be on accumulating wealth.
  • For example, if you can afford to save $50 per month, starting at age 5 (assuming someone begins setting aside money for you), by age 65 you will have saved $36,000. ($50 per month x 12 months per year x 60 years) or ($50 x 12 x 60 = $36,000.) That doesn’t include any earnings on the dollars you invest.
  • If you were to begin saving at age 50, you’d have to save $200 a month in order to arrive at that same $36,000 by age 65 ($200 x 12 x 15 years).
  • If you start investing early, you have more time to make up for any investment losses that will occur in some years. Investors that start later have less time to make up for any investment losses. Time will permit your investments to rebound in value.
  • The Standard and Poor’s (S and P) 500 is an index of 500 large stocks. From 1928 to 2014, the average annual return has been about 10%. While there have been negative returns in some years, people who invest over the long term have profited from owning this index of stocks.

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3. Change your mindset from one of want and need to one of openness and possibility.

  • In her book, “The Prosperity Plan,” author and financial expert, Laura B. Fortgang, stresses that wealth and prosperity are a state of mind that can be attained by training the subconscious to welcome wealth with positive thinking rather than driving it away with negative messages.

4. Take action in creating new possibilities for wealth by writing down the specific kind of wealth you want in your life.

Commit yourself fully to this personal “Wealth Attraction Plan.”

  • Realize that wealth comes in many forms. Wealth may be financial, yet it can also be romantic.
  • You may desire a wealth of new friendships or in new professional possibilities.
  • Write down the kind of wealth you want. Be specific.

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5. Be aware of opportunities that exist around you for attracting abundance.

Be open to ideas and suggestions for new kinds of work and wealth-creating ideas that are offered to you.

  • Fortgang stresses that it is imperative to realize that opportunities exist all around us.
  • Yet if we don’t allow ourselves to see them, we cannot take advantage of them.
  • Saying “yes” to new opportunities is a way to become more “attractive” to wealth of all kinds.

6. Have gratitude.

  • Make a list each morning of at least 3 things you have to be grateful for.
  • The list will grow as you begin to acknowledge all you already have.
  • Be grateful for what you have now as you work to realize how to attract wealth into your life.
  • Many people feel that they have no wealth in their lives because they do not acknowledge what they do already have. Having an “attitude of gratitude” is a critical component in knowing how to attract wealth.

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7. Make a timeline for your “Wealth Attraction Plan.

  • Write down a goal of how much money you want to make in 3 months and then in 6 months.
  • Be specific. Fortgang stresses that as we write out these specific goals, we must work gratitude into the statement. For example, write out “Thank you for the $100,000 I am going to make by the end of the year.” If, as time goes on, you are not making as much as you set out in your goal, be grateful anyway and keep on making positive goals for yourself.

Kiddies Wealth Creation

8. Commit to your “Wealth Attraction Plan” and make weekly, monthly, and yearly financial goals.

Begin each day with a meditation on gratitude and with the knowledge that wealth of all kinds will be entering your life immediately.

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9. Add to your savings frequently.

The frequency of your contributions (e.g. weekly, monthly, or yearly) has an important impact on your long-term success.

If you have trouble remembering to add to your savings account.

Try setting up an automatic monthly transfer from your checking account (e.g., $100 per month).

  • Savings is the process of moving funds into a separate bank account.
  • You segregate money between a savings account and a personal checking account.
  • This process helps ensure that you don’t spend the amount you intend to save. You can then invest your savings account balance in CDs, stocks, bonds, or other types of investments.
  • Saving money more frequently means you can add less each time you contribute. This can make it easier to fit each investment into your personal budget. For example, starting at age 5, you could save $12.50 per week (assuming a 4–week month). You could also save $50 per month or $600 per year. The total you’re investing is the same, but it’s easier to save smaller amounts more often.

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Kiddies Wealth Creation

10. Use compounding when you invest.

Once your funds are in savings, move the funds into an investment as soon as possible.

You’ll earn a higher rate of return from an investment.

When you move money from savings into an investment vehicle, take advantage of compounding.

  • Compounding will make your investments grow faster, like a snowball rolling downhill.
  • The longer it rolls, the faster it grows. Compounding works faster if you invest more frequently. 
  • When you compound your investments, you are earning “interest on interest.” Over time, you earn interest on both your original investment and on the prior interest you earned.

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11. Use dollar cost averaging.

The index value on any investment may be higher or lower in any given year.

Over time, however, the index has generated average return of about 10% per year.

You can use dollar cost averaging to benefit from short-term declines in an investment’s value. 

  • When you invest using dollar cost averaging, you invest the same dollar amount each month.
  • Dollar cost averaging is typically used with stock and mutual fund investing.
  • Both of those investments are purchased in shares (stock shares or mutual fund shares).
  • If the share price goes down, you end up buying more shares.
  • Say, for example, that you invest $500 each month. If the share price is $50, you’ll buy 10 shares.
  • Assume that the share price goes down to $25. The next time you invest $500, you’ll purchase 20 shares.
  • Dollar cost averaging may reduce your cost per share. As the share price increases over time, a lower cost per share increases your profit.

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Kiddies Wealth Creation

12. Let your wealth compound.

If you invest in bonds, compounding is the multiplying effect of interest on interest.

For stocks, compounding is generating earnings on your prior dividends.

In both cases, you should reinvest any interest or dividends your investments earn.

  • Frequency and time are also important.
  • A greater frequency of compounding means you receive and reinvest earnings more often.
  • The more often this occurs and the longer you let it continue, the more powerful the effect. 
  • For example, let’s say at age 25 you start saving $100 per month, and you earn 6% interest.
  • By age 65, you will have invested $48,000.
  • That money would actually grow to nearly $200,000, however, if you compounded the interest monthly over that 40-year period.
  • In contrast, let’s say you wait to start saving until you are 40, but decide to save $200 a month at the same 6% interest rate. By age 65, you will have invested $60,000.
  • However, you will not have as much time for your interest to compound each month.
  • The result is that you will have only $138,600 saved for retirement (rather than the approximate $200,000 in the earlier example).
  • You will have saved more of your money but end up with less after compounding.

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13. Kiddies Wealth Creation

  • Release people and things in your life that are robbing you of your energy.

    It’s hard to attract wealth if you are too exhausted to receive it.

    So be willing to say good-bye to the people and things that are dragging you down.

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14. Reduce expenses.

Sometimes we think wealth is only based on what we take in.

Yet if we can remove areas of waste in our budget.

We will instantly have more wealth to use on things we really want and need.

Immerse yourself in the idea of wealth as an attainable goal by reading other books on the topic, including “The Secret” by Rhonda Byrne and “Zero Limits” by Joe Vitale.
These books, like “The Prosperity Plan,” call on the reader to undergo a thought-shift in their thinking about what wealth truly is so that they can be open to receiving it into their lives.


  • Negative messages in the media and negative-thinking people can create fearful thinking.
  • Stay away from people and thought patterns that steal your positive energy and commitment to positive thinking. This is an important factor in knowing how to attract wealth into your life.

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