Build your wealth by investing when you are young and checking your credit card statements  

This lecture given in Dinov shul in Toms River NJ Live Responsibly: How $5/Day Builds Wealth, Funds Weddings, and Protects Your Family Before anything: I’m not a life-insurance agent, stockbroker, fund manager, or your personal financial advisor. I’m sharing awareness, not selling products. The goal is simple: live responsibly, be mindful with money, and start early so your future self (and kids) thank you. What you’ll learn • Mindset Math: Why believing in the power of each dollar changes how you spend—and what you keep. • Awareness Wins: How checking receipts and bills (yes, every time) stops waste—like the $1,200 plum mistake and the mystery “Netflix” charge. • $5/Day Plan: The math of putting away $5/day (~$100/month) for 20 years to fund a child’s wedding. • The 13-Year Blueprint: Start with $20,000 and add $1,800/month for 13 years—then stop contributing and let compounding run. Example shown grew to **$1.7M** by year 20. • Budgeting that actually works: Cut small leaks (unused phone lines, extra subscriptions, impulse buys) and redirect to investments. • Credit Cards ≠ Free Money: Why “set-it-and-forget-it” billing destroys awareness—and how to regain control. • Investing, simply: Use broad ETFs (S&P 500 / Nasdaq). Avoid chasing “can’t-miss” private deals, leveraged ETFs, and margin traps. • Debt triage: When to attack high-interest debt first vs. splitting payments. • Life Insurance (Term): Why most families need 20× income in coverage, and why term usually beats whole life for affordability. Stories & examples you’ll hear • The Milkshake Account: Swapping $42/week on treats for a $120/month auto-invest—how that becomes ~$100,000. • The $1,200 plum-code error at checkout (caught only because we checked the receipt). • Subscriptions you forgot about: how $200/month in “little” leaks adds up to hundreds of thousands over time. • Business-class vs. $5,000 cash in pocket—choosing long-term wealth over short-term comfort. Tools & resources • Goal calculators to map each child’s target (weekly amount, total needed, timeline). • Step-by-step videos on opening accounts, turning on auto-invest and dividend reinvestment, and setting up separate accounts per child. • Budgeting apps to connect cards/banks and surface spending you can cut. 👉 Visit: www.mendyfeferkorn.com for calculators and how-to guides. 👉 Need hands-on help setting up accounts or term life? Book a quick consult https://www.cognitoforms.com/MendyFeferkorn/ConsultationSetup Email: [email protected] Who this video is for Parents, young couples, and anyone who wants a simple, repeatable plan to fund weddings, retire with dignity, and sleep better at night—without chasing stock tips. Suggested Chapters 00:00 Disclaimer and why I do this 01:39 Personal losses and motivation for life insurance 03:34 Value of a dollar and the power of time 06:06 Awareness with bills and credit cards 08:27 Grocery receipt lesson and the 1,200 dollar plums 11:47 Simple budgeting that finds 200 dollars a month 13:35 The Milkshake Account example 15:44 Credit cards and invisible spending habits 21:36 The 13 Year Blueprint — 20k seed and 1,800 monthly 23:32 Let it sit and grow to about 1.7 million 24:31 Withdrawal plan from age 40 to 95 39:20 Investing basics — S&P 500 and Nasdaq ETFs 46:40 Why to avoid leverage and margin 48:55 Term life insurance — how much coverage and why 56:38 Budget tools, the 5 dollars a day plan, and next steps Disclaimers This content is for education and awareness only. I’m not providing individualized financial, legal, tax, or insurance advice. Always consult a qualified professional for your situation. ⸻ Call to Action • 👍 Like this video if it helped you think differently about money. • 🔔 Subscribe for weekly, practical wealth-building steps. • 🧮 Try the calculators & download the budget checklist at mendyfeferkorn.com. • ✉️ For help setting up accounts or term coverage, use the contact form on my site.