14 Ways to Set Your Kids Up To WIN Financially
The Personal Finance Podcast
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What Is a Five 29 Plan?
A five 29 plan is a tax advantage savings account designed for education expenses. Invest this money in an index fund, and then no income taxes will be due on those earnings. Encourage your kids to take college classes early so they can start earning at a younger age. Teach them about the power of increasing their income by giving them extra chores around the house that are beyond what they're supposed to do.
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Transcript
