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What Smart Investments Should I Make in My Children?

Rachel Cruze

Money Management for Parents

Q: How do I make smart investments in my children?

Rachel: That’s a broad question. From a financial standpoint, you need to start with ?college savings—either an ESA or 529, depending on your situation.

Outside of that, you can invest in them by teaching them a strong work ethic. Give commissions, not allowances. Teach your kids to be givers. Talk to them about how you give and serve, and let them volunteer and serve with you when possible.

And, remember, more is caught than taught. You are an example to your kids whether you like it or not. They are watching you! If you teach them healthy ways of handling money, then you’ve given them a huge head start in life.

So definitely invest in their future financially, but also don’t forget to spend time with them as they grow older. It’s an old cliché, but they’ll be in college and out of the house before you know it.

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Rachel Cruze

Growing up as Dave Ramsey's kid, Rachel Cruze learned the basic principles of money at an early age. She travels across the country teaching those same principles, in a personal and passionate message of money and hope, to teens and young adults. To find out more about Rachel, visit or follow her on Twitter at @RachelCruze.