A young entrepreneur has shared his plan on how he secures his unborn kids’ future as he opens bank accounts for them.
The man took to his TikTok page, @hqgotrich, as he revealed that he saved the sum of $3.2m (N2,443,296,000). His goal is to grow their funds to $30m (N122,164,800,000).
He aspires for them to have a net worth of $160 million (equivalent to N122,164,800,000) each by the time they reach 21 years of age. The individual emphasized the importance of making trust funds a customary practice for one’s children.
The entrepreneur said that the wealth gap between the black community must be bridged.
In his words,
“My goal is to make sure my kids have an unfair advantage in the world where there are so many odds stacked against them as a black person”.
The video was captioned,
“$30m invested for each of them by the time they’re born, growing that at 8% year over year means they make $2,400,000 a year passively and $200K a month at bare minimum”.
“I want 6 kids, been working on making sure my kids are set for life. My Trust owns everything, I don’t own nothing.”
“Wasn’t born rich, but my kids will have everything in life for an UNFAIR EDGE, but they’ll be wholesome humans that understand what it takes to make a DOLLAR”.
Social media users thronged to comment section as they shared their thoughts. Some reactions are shown below:
“what kind of job do you do”.
“This is a true provider man ladies!”
“Wish I had a dad like u. But again, I would be the mother that does this”.
“Please tell me how to make the $3M”.
“yes sir exactly what I’m looking to do for my future kids aswell 🙌🏾💯🔥 Bless up”.