- Joined
- Dec 4, 2013
- Messages
- 55
Rep Bank
$430
$430
User Power: 113%
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.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
