Their Chance: How to Build Real Wealth for Your Child — Starting the Day They're Born($12.95Value)

Description

Their Chance by Robert Bame Every wealthy family knows something most working families were never taught: the single most powerful financial decision you can make for your child costs almost nothing and takes less than an hour to set up — but it has to happen early. Preferably the week they're born. Their Chance is a plain-language guide to giving your child the financial head start you never had. Written by someone who grew up watching a card get declined at a grocery store for fifteen dollars worth of food, and who spent thirty years in finance learning what nobody taught him — this book translates the wealth-building habits of affluent families into a step-by-step plan that works for anyone, at any income level, starting today. Inside you'll find: The Trump Account — a brand-new federal program that deposits $1,000 into an investment account for every qualifying American newborn, automatically, at no cost to the family - The 529 College Savings Plan explained simply — how your money grows tax-free, and how Ugift529.com lets grandparents, aunts, uncles, and family friends contribute with a two-minute click - What happens if your child doesn't go to college — trade school, a first business, a down payment on a home, or a Roth IRA rollover that funds their retirement instead - Custodial accounts , Roth IRAs for teenagers , and high-yield savings accounts — the complete toolkit, explained without jargon - Eight real family scenarios showing exactly what these accounts become at age 18 — from the single mother contributing $40 a month to the immigrant father who convinced his employer to contribute to his daughter's account - A complete Year One Action Plan — fifteen specific actions, month by month, with time estimates - A state-by-state 529 guide , a full glossary , a chapter on special needs planning , and a letter to seal and give your child to open on their 18th birthday This book was written for the parent who grew up without money and refuses to let their child do the same. For the grandparent on a fixed income who wants to leave something that lasts. For the family that never thought this kind of planning was for people like them. It is. It always was. Nobody just told you. Their Chance is the book that changes that.