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double-your-money

Gifting an Inheritance at Birth

In my article Building Generational Wealth I discussed how I plan to contribute $16,000 to my grandchildren at birth in order to give them a huge jump start on wealth building.  Using the rule of 72 and an assumed 8% annualized return,  $16,000 will become $74,000 at 20, $161,000 at …

Building Generational Wealth2

Building Generational Wealth

I want my children, my grandchildren and my great grandchildren to be financially successful.  I want them to be wealthy.  I also want them to be smart, hard working, and kind.  I want them to have enough resources that their predominate goal in life isn’t the accumulation of assets.  I …

Pell Grant Table A

How To Qualify For A Pell Grant

I’ve researched several ways to make college more affordable, including going to community college, using tax credits, and using CLEP exams.  I’ve generally discounted the idea of getting a Pell grant, because this government program that gives up to $5,815 per year to students is geared towards low income families. …