Hello!
I'm looking for some advice or direction on developing a savings plan for my children.
Initially I wanted to start an education savings account for college (have an Ed Jones rep hounding) but I'm kind of backing off that thinking that they may want to do other ventures. Start a business, travel, trade school etc.
My goal is not to pay for college (if they choose to go) but I want to have a nest egg (10-20k) for them when they graduate highschool and start their adult life.
An idea I had if they do go to college was to buy a run down property. Have them live in it with roommates then fix it up over the years and sell it when they graduate. Any positive equity would then be theirs that they could use to help buy a home or pay down / off student loans.
Just not sure the best way to go about this. Fwiw 2 kids one is 4 and the other is 1.
Thanks for the input and suggestions!
Submitted October 08, 2018 at 10:50PM by TheZOU https://ift.tt/2A0hLsf
