Nicole Lapin

For today's tip, you can take straight to the bank.

If your kid is making money through a side hustle or allowance, birthday money, whatever, help them make a spending plan.

As important as it is to start saving early, make those custodial Roth IRA contributions, it's just as important to encourage them to spend some money too.

I bet you weren't expecting me to say that.

But you do want to encourage your kids to reward themselves for their work.

Money should be fun after all.

The key is having a conversation with them where you help them decide how much to spend, how much to save, and how much to give away.

Are Birkin's better investments than the stock market?

Headlines like these about the Birkin beating the S&P 500 have gone viral.

but are they real today i'm talking to donna ostlander who spent 20 years in investment management and now she's on to her most fun project yet by far building luxus it's an alternative investment firm with a dedicated birkin fund so she tells me the truth about luxury investments

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

Donna Oslander, welcome to Money Rehab.

Thanks for having me.

So excited to answer the age-old question, or I don't know if it's age-old question, the Instagram-old question or TikTok-old question, are Birkins better investments than the stock market?

Oh, that's for sure.

I actually have been there.

I sold a Birkin on The RealReal.

And it did have somewhat of a return, but the fee is where you actually break even or lose some money from retail.

Yeah, because what you're seeing online are all these charts that are like... Grosser fees.

Yeah.