When you saw that the child tax credit doubled for 2018 what was your response? If you were like me “Wwwwoooo Money!” was probably the first thing that entered your mind and you focused on what you would spend $1,000 on the second you got your refund. Here’s an idea. …
When I wrote Building Generational Wealth, I outlined a system that I think would work well for most people. I have since been asked “how can / should I give more money to my kids or grandkids than what you have outlined?” Synopsis of Building Generational Wealth: For Children: Giving …
I came across a study recently that talked about the average household wealth in the United States, and it was broken down by race. When I started reading it, I thought there might be a small difference between white and black households, MAYBE a 25% difference. What I found when …
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 …