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slash SmartVester. Austin joins us up next in Knoxville. What's going on, Austin?

Hey, Rachel and George. How are you today? Doing great. What's going on with you? Good. I'll live in a dream, of course.

Love to hear it.

So my wife and I, we started the Ramsey plan a few years back and just started chipping

away at it, kind of dive into that deficit. And we, you know, we've since had a family.

We chipped away at it and snowballed our debt and got to baby step number five.

And so with the three kids, they're getting to the point where we're getting a little nervous because we don't have anything for them saved, dedicated just to them.

So we were looking at different ways to get the ball rolling. And once you kind of get into that and open their stores, there's a lot of different options. Looking at ESAs, looking at 529s, you know, Roth IRAs. And then even within those, there's different layers for each one of those buckets. And there's a lot of variables in the equation. So everybody has obviously the unsolicited advice because we have three daughters.

So once they see them all, you better start saving for college or for weddings and all this stuff.

And so I guess the fear is, you know, we want to do something, but we don't want to make a decision now that our girls might pay for later on, right?

So how old are they? Nine, seven, and five. Okay.

Nice. So we've got a decent timeline here until college, adulthood, weddings. And so the A1 is

college and maybe a car if you're going to help with that. And so there's a few ways you can invest.

I love the 529 plans are a great option for college saving

ESA also, but there's more limitations to that as far as your contributions. And then you can

invest outside of that. And so you can do that in a brokerage account in your name. That's

personally how I like it because you retain control. What scares me about some of these investment

accounts for kids is they get control no matter what when they turn, in most states. And so you give a kid compound growth that's $100 something thousand dollars. If I'm 18, I'm going to blow that money. That you're like, hey, this should be for a down payment for your future home or a wedding. And they're like, I'm going to go out. I'm buying a Lamborghini. Your girls will probably never do that Austin. But to George's point, it is, yeah, that's right. That's right. There is less control when it comes to that. And at 18, yeah, that's a lot to give, depending on, you know, how much you have saved. So, yeah, so the 529 is a great starting point for the college fund.

That's what we're, that's what my husband and I are doing.

Our kids are very similar ages. They're 8, 10, and 5 or 6 now. Gosh, 8 10. Time flies. So yeah, we do five. We have 529s for each of them. And then we've just kind of created an account in general. I think it's even just like an index fund, honestly,

that we just throw money in each month that we kind of save.

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