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- Dec 4, 2013
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I'm still en route to the fast lane, but I'm in the middle lane with my blinker on quitting the 9-5 in a year or two. I'm currently reading Unscripted and loving it. While my mindset has certainly changed over the last ~5 years, it's still tough for me to ignore the scripted advice on investing. I'm not talking investing to get rich, but investing to keep the money that you have and grow it.
I've got twin boys who are less than a year old. I want to do everything I can to lead them on the right foot as they get older - not give them too much, but enough to chase their dreams, whatever they may be.
I'm a college grad myself (engineer) and that served me fine until diving into entrepreneurship and starting my side hustles. Now, I'm not so sure it's worth it. If my children want to go to college, I'll send them to college. Who knows what the landscape will be like in 18 years. We're heading towards a more entrepreneurial economy.
So, I'll cut to the question. How do you invest for your children? They have received money from their grandparents and others sitting in a savings account. I've also been saving a bit for them month-to-month. Do you put it in a 529 and possibly take a hit if they don't pursue college? Do you put it in brokerage and invest in stocks/index funds? Under a mattress? Just curious what like-minded thinkers do.
I've got twin boys who are less than a year old. I want to do everything I can to lead them on the right foot as they get older - not give them too much, but enough to chase their dreams, whatever they may be.
I'm a college grad myself (engineer) and that served me fine until diving into entrepreneurship and starting my side hustles. Now, I'm not so sure it's worth it. If my children want to go to college, I'll send them to college. Who knows what the landscape will be like in 18 years. We're heading towards a more entrepreneurial economy.
So, I'll cut to the question. How do you invest for your children? They have received money from their grandparents and others sitting in a savings account. I've also been saving a bit for them month-to-month. Do you put it in a 529 and possibly take a hit if they don't pursue college? Do you put it in brokerage and invest in stocks/index funds? Under a mattress? Just curious what like-minded thinkers do.
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