Updated on: June 19, 2026 / 11:49 AM EDT
/ CBS News
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Matthew Ankrum knew he wanted to build generational wealth for his daughters while teaching them about financial stability. He just didn't know a coffee can would be the key to those lessons. Ankrum, a financial analyst from Kansas City, Missouri, started "thinking about the world differently" as his family grew. He now has three daughters: Peyton, Morgan and Pierce. "When you actually start thinking about creating a legacy, or kind of generational wealth, for your kids ... you don't think about it as in quarters or even years," Ankrum explained. "You start thinking about it in the decades." He started studying "100-baggers," or stocks that have multiplied in value 100 times over the decades. He tried to figure out what those companies had in common, then used his conclusions to buy shares in what he thinks will be the breakout companies of the future. The strategy relies on compounding interest to leave his daughters a portfolio that he believes could someday be worth half a billion dollars.
Matthew Ankrum, right, and his three daughters.
