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Why You Should Ditch Your Child’s 529

Why You Should Ditch Your Child’s 529

Legacy Series
Summary: In this installment of our Legacy Series, we're looking at the differences between investing in a 529 plan vs. a rental property for your children. Saving in a 529 is a popular option for parents who want to start growing their children’s education funds early. But is it the best way to actually save for college? If you understand how to invest in real estate, it may not be. Read on to hear why we stopped funding our children’s 529s and plan to purchase them small duplexes instead. (more…)
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What Are the Best Jobs to Give Your Kids?

What Are the Best Jobs to Give Your Kids?

Legacy Series
Summary: This is the next installment of our Legacy series, where we focus on topics specific to financial planning for your children. This week, we talk about the best jobs to give your kids in your real estate investment business: when they should start working, what kind of jobs they can do at different ages, and what the benefits are--to them and to you! (more…)
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How to Start a Retirement Fund for Your Kids Tax-Free

How to Start a Retirement Fund for Your Kids Tax-Free

Legacy Series
Summary: This article is part of our Legacy series, which focuses on financial planning for your children. This week, we explain why it is a good idea to set up a Roth IRA retirement account for your kids. Starting your children’s Roth gives them a head start to building financial security. It also teaches them about financial responsibility. We also discuss how Roth IRAs work when you own your own business like we do. (more…)
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How to Speak to Your Children about Money

How to Speak to Your Children about Money

Legacy Series
Summary: This is the first post in our “Legacy” series, which focuses on how to help our children learn about wealth and money. In this article, we cover why you should speak to your children about money and how to go about doing it in a way that resonates with them throughout their lives. (more…)
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