177: 4 Ways to Save and Invest for Your Children’s Future

Wealthy Mom MD with Bonnie Koo | 4 Ways to Save and Invest for Your KidsHow can you use your money to set your kids up for the future? Today’s episode is all about how you can save and invest for your family if that’s something you can afford to do. Saving to pay for your kid’s college tuition is a wonderful gift, but lesson number one here is not to start saving and investing for your kids at the expense of your own financial planning.

If you’re looking for a simple way to save for or invest in your child’s future, I’ve got you covered in today’s episode. I’ve created a relatively easy system around saving for my son’s college, and I’m sharing my tips with you today.

Tune in this week to discover four ways you can start saving for your child’s future. I’m discussing your best options for saving money on taxes, helping your money grow, and giving you all the considerations we need to make when we’re investing and saving for our kids.

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What You'll Learn from this Episode:

  • Your options for banking products when saving for your kid’s education.
  • How to save and invest for your child’s college tuition without paying taxes on the returns.
  • Extra state-specific considerations that could save you money.
  • The details of my specific savings and investment plan for my son’s college tuition.
  • An amazing way for entrepreneurs to save on taxes by employing their kids.
  • Some common mistakes to avoid that will slow the growth of your money.

Listen to the Full Episode:

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Disclaimer: The content in this episode is not financial advice and is provided for educational purposes. Please consult with your licensed financial advisor for professional advice. Wealthy Mom MD does not advocate for the purchase or sale of any security or investment.

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