Curious... for the those with kids, how have you set your kids for financial success?

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I'm actually surprised of the lack of responses. Anyway, we have young ones, so I'm considering a 529 and looking into Roth IRA when they start working...We are still contemplating getting a credit card in their name.

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We’re expecting our first soon and we’re thinking of opening a 529. Was hoping to see responses to learn what others are doing.

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I have set up a 529 two years ago for my son he is 4. Had to start with 60k and honestly thinking about it today I believe best choice is an investment property. 529 moves with the market and with that in mind I believe land and homes will be better overall

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Definitely a 529 & Roth IRA. But also designated time each evening and weekend to read and give them my undivided attention. Work can take up a lot of time, but I try to be intentional about QT and building their self confidence and self assurance banks.

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My daughter is now 15. I opened a brokerage account for her 4yrs ago and set up a monthly auto transfer. I invested the cash into a few blue chip stocks and some ETFs. I didn’t do the 529 route in case she decided not to go to college and I was a little late to the game. Now as gifts from family, I ask for money into her brokerage account. Plus, I’ve been teaching her about investing, credit, savings, etc.

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Good question, I can't wait to see the responses. This is something I need to work on.

529 for college, currently all in one account since they can be transferred between sibs and they’re both under 6 yo. Also investing in rental properties so that the profit adds to their accounts. Once the account gets to around $300k, and they get a little older and we can start to see what direction they might be going in, we’ll likely stop contributing and let profits go into IRAs for them. We also got a controlled “student card” from Chase for the 5yo which is starting to teach her about the value of money. Her toothfairy and spending cash goes into that account and she gets to understand how much she has to spend Vs the cost of things she wants to purchase. Her choices have already started to get better - much less frivolous “gotta have it” moments from her.

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