What’s the Best Way To Save for My Daughter?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 19 March 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:08.0	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:14.0	Justin is with us in San Diego.
0:16.1	Hi, Justin.
0:16.7	Welcome to the Ramsey Show.
0:18.8	Hey, you guys.
0:19.3	Good morning.
0:20.0	Thank you for your time also.
0:21.8	Sure.
0:22.4	I'm trying to figure out, I have a three-year-old, and all of the money that we get
0:27.1	for her birthdays and, like, holidays and things like that, we've just kind of been putting
0:31.3	into a CD that's yielding about 5.29% annual return.
0:36.3	And I want to give it to her when she's 18 as like a life starter kind of fund.
0:41.3	So I don't want to put it into a 529 or retirement fund.
0:44.1	Is there anything better that has a higher yield or better return for her when she does reach 18?
0:49.4	Are you saving for her college?
0:52.0	I'm active duty military and I just finished my master's so I've already transferred all of the
0:56.3	benefits over to her so I'm gonna take her through you know community college and
1:01.1	then I'll pay for that and then pretty much all of her master is gonna be completed
1:06.3	I already paid for okay all right she has. If you have all that already.
1:11.1	Okay.
1:13.6	The answer to your question is just a simple mutual fund.
	...

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