5min chapter

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300: Finance Friday: How to Avoid the “Middle Class Trap” When Building Wealth

BiggerPockets Money Podcast

CHAPTER

Do You Have a Five 29 Plan?

I have two kids, 15 and 12, and i have saved zero dollars in a five 29 plan for both of them. What we have done instead is just continue to invest in the stock market. And that is my money, not hers. When it comes time to pay for college, i would like her to have a little bit of skin in the game. I feel like my parents gave me such a gift by paying for my college. But i also, and i really shouldn't complain, i'm such a horrible person for complaining. Sooner than later, we'll see.

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