5 Ways to Help your Kids Become Rich

When the time is right to save and invest money for your kids, or if  you can afford it now,  here are the best ways to help them grow rich.

If you have a large amount to save, consider getting a high-yield savings account, which can pay up to ten times the national average for regular savings.

Use a bank savings account

Medium Brush Stroke

Open a 529 college savings plan

Paying for college is the most common reason parents want to sock away money for their kids.

Invest money in a UGMA or UTMA account

The main benefit of using a UGMA or UTMA account is that you can give a child as much money or assets as you like.

Medium Brush Stroke

Life insurance is a contract that pays one or more beneficiaries after the policyholder’s death.

Buy life insurance


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