656-Twelve Interesting Ways to Invest In Your Children

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.2 • 1.9K Ratings

🗓️ 29 July 2019

⏱️ 95 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ask your average financial advisor how to invest for your children's future and he'll likely start pulling out brochures for a 529 plan.

B-O-O-O-O-R-I-N-G!!!

Is there anything wrong with a 529 plan? No.

But is that really the most effective use of your money?

Only if you don't have any better ideas.

So let me give you some to ponder! Here are 12 Much More Interesting™️ Ways to Invest In Your Children!

Joshua

P.S. Go here and buy something so I can do this stuff for my children! https://radicalpersonalfinance.com/store

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to Radical Personal Finance and Show dedicated to providing you with the knowledge, skills, insight and encouragement you need to live a rich and meaningful life now while building a plan for financial freedom in 10 years or less.
0:11.0	My name is Joshua, I am your host host and today I'm going to talk with you
0:14.8	about some interesting investments that you can make for your children. I've got a
0:21.2	list of a dozen that I'm going to go through in today's show. I don't pretend that these
0:26.2	investments are all exclusive. They're just some interesting ideas and my hope is that these ideas will be creative and that they will spark your own personal creativity to think
0:37.9	about your life and your children and what investments you would like to
0:41.8	make for them.
0:43.6	One thing I have observed in my work as a financial planner is most of us have a distinct
0:50.9	lack of creativity when it comes to the opportunities that are available for
0:57.5	us in life.
1:00.4	Where I first started to experience this was when I worked as a retirement planner and I would ask people what their idea was as to when they would like to retire if they wanted to retire and the vast majority of the time I would
1:15.5	hear the answer of 65 well it's not because there's anything magical about the age of
1:21.1	65 it's because that was the traditional Social Security retirement
1:24.5	age.
1:25.5	That was when many pensions traditionally kicked in.
1:28.5	Another example that I've experienced is when I start talking about people with what they'd
1:31.7	like to do when they retire, and the vast majority of the time people will say
1:35.4	Travel spend more time with my children things like that and those are good things I like traveling I like spending time with my children
1:42.4	But I've observed that it's almost like a script that you go on this life script.
1:47.0	Now we live in an interesting time wherein many of the traditional life scripts are being broken. There are more opportunities now for you
1:56.1	and for me than there have been for the vast majority of people throughout the entire history
2:00.6	of the human species. So there are more things that we can do and yet
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.