Originally Posted by
GogglesPisano
Yup. Any low-fee mutual fund can beat most "highly talented" hedge fund managers.
Max the 401k.*
$10000/kid/yr into a 529.*
Max out the HSA.*
Stay away from toys.
Don't get divorced.
Pay off your debt.
Keep your FO house.
Spend money on experiences, they're proven to have a higher ROI than "stuff."
*All in plain vanilla low-fee funds.
That will be $99. Thank you.
Great advice!
I would add that the kid(s) only get that 529 money when and
if they present a viable business plan for the specific degree they intend to pursue, fact based and realistic ROI research to back it up and a viable plan B with a solid ROI as well. Otherwise said monies revert back to the ones who earned them in the first place, for aforementioned toys and experiences.
#getajob