Episode 53

Raising an Investor Without Taking Away Their Hunger

Episode Description

How do we give our kids more than we had without taking away the hunger, gratitude and discipline that got us here? A head start without the right values can quietly become a handicap. Our children will learn about money from someone. From us, from social media, from a trading app, or from their first expensive mistake.

Jason's first investing teacher was his grandfather Julius, the man he later named Julius Wealth Advisors after. Julius taught him that a stock is not a lottery ticket. It is ownership in a real business. In this episode of The Big Bo $how, Raising an Investor, Jason follows four lessons: ownership, process, patience and purpose. Because the account you open for your child matters, but the investor you help them become matters more.

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  Segment 1 — Ownership and Process
  Julius showed me what an investor looks like when nothing exciting is happening. When his quarterly statement arrived, he barely reacted. That was not indifference. It was perspective. Our kids watch what money makes us do, so composure is a lesson too. Learning it early did not mean I always followed it. As a teenager I made money on a hot stock, thought I was a genius, then rolled it into the AOL Time Warner merger and watched most of it disappear. I was confusing an outcome with a process. A bad decision can produce a good outcome, and a thoughtful decision can produce a bad short-term result. The AOL thesis was even right about the direction of the internet, but being right about the theme did not make it the right company or the right price. Netflix, then a small DVD by mail company, captured much of that value. The same can be true of AI today. A great theme, a great business, and a great stock at today's price are three different things. An investor asks what they own, how it makes money, what they are paying, and what would prove the thesis wrong. A gambler asks how fast it can go up.

  Segment 2 — Patience and Purpose
  When each of my kids turned six, I opened a custodial UTMA and invested in a globally diversified low-cost index fund. I wanted them to experience choosing, owning, waiting, and using money with purpose. The account is just the container. The education is what happens around it. I taught the difference between being a consumer and an owner, and when they got birthday money I let them choose to spend or invest it. Late last year my son used some of his savings to buy a bike, and I was glad. That was the point. The goal is not to raise a child who is afraid to spend, but one who understands the trade-off first. Money should create options, not guilt. A purely hypothetical example makes the case for starting early: $500 a month from age 22 to 65 at a hypothetical 7% could grow to roughly $1.6 million, while waiting until 32 leaves roughly $770,000. These figures are illustrative only and not guaranteed. Time is an asset you cannot earn back.

  Bo Know$ — The Mamba Investor Mentality
  Kobe Bryant did not become the Mamba when the lights came on. He built it in empty gyms, repeating the fundamentals long after they stopped being exciting. Allen Iverson gave us the famous soundbite about practice. Kobe finished with five championships. Iverson finished with zero. Basketball is a team sport, so this is not a knock on Iverson, but the contrast tells the story. The gambling mindset wants game night. Investing is built during practice: the contributions, the patience, the discipline to follow a process when nothing feels exciting. So here is your Bo Know$ rule, the Mamba Investor Mentality. Championship wealth is built through disciplined repetitions, not game day highlights. The championship is not one great trade. It is financial independence built through thousands of thoughtful decisions over time.

  THREE QUESTIONS
  One. What money lesson from your parents, on purpose or by accident, are you still carrying today?

  Two. Are you teaching your kids to be owners or just consumers?

  Three. If your child inherited everything you built, would they know how to think about it? Not just spend it. Think about it.

  Helping families prepare the next generation is part of what 360° Wealth means at Julius Wealth Advisors. Integrity, Knowledge, Passion. Visit JuliusWealthAdvisors.com. Let's have a real conversation.

About Jason

Jason Blumstein, CFA, is the founder and CEO of Julius Wealth Advisors, an independent boutique RIA serving clients nationwide from Englewood Cliffs, New Jersey. His passion for investing began at just 10 years old, when his grandfather Julius turned off the cartoons, turned on CNBC, and began teaching him about stocks, discipline, and the values that build a meaningful life.Shaped by early family financial hardship and inspired by Julius’s integrity and generosity, Jason built a career by gaining experience with PwC, Morgan Stanley, and J.P. Morgan. With a mission of offering transparent, education-forward planning rooted in Integrity, Knowledge, and Passion, Jason founded Julius Wealth Advisors in 2021. The firm operates in a fiduciary, client-aligned model built around long-term partnership.

Building Wealth Is By Choice, Not Chance

Today, Jason partners with High Earners, Not Wealthy Yet (HENWY) families ages 35–50, helping them build long-term, sustainable wealth through disciplined planning, deeply personal guidance, and analytical rigor he gained as a CFA® charterholder. He is known for his boutique, high-touch service, and for the educational clarity he brings to every conversation through The Big Bo $how podcast and Wealth of Knowledge blog. Outside the office, Jason is a proud husband and father of two. He loves all sports, working out, watching the NFL (he has a complicated relationship with the Dolphins), rooting for the Mets, and staying active—a continuation of his college football days. To learn more about Jason, connect with him on LinkedIn.

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Disclosures:

This piece contains general information that is not suitable for everyone and was prepared for informational purposes only.  Nothing contained herein should be construed as a solicitation to buy or sell any security or as an offer to provide investment advice. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. Past performance does not guarantee any future results. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. For additional information about Julius Wealth Advisors, including its services and fees, contact us or visit adviserinfo.sec.gov.