07/14/2026
In my article, “Mr. BuildWealth’s Credo”, I list four things that I’m always thinking about when speaking with someone.
Here’s number 4️⃣ - Set up your babies for a successful financial future
Let me provide some additional details about the image below:
✳️ Initial date: 11/25/2014 - this is when I opened 529 account for this client
✳️ Beginning value: $250 (the client had received these funds from their baby shower)
✳️ Additions: this is all the money my client and their village (grandparents, aunts, uncles, framily, friends, co-workers) have contributed to the account. I coached this client on how to educate the village on the importance of helping fund this child’s future.
✳️ Investment gain: +$26,036; the investment performance is responsible for almost 50% of the growth of this account
Moral of the story: start investing for your babies as soon as possible. In addition to the village being on board with contributing, time is the secret ingredient. This child is only 11 years old. So, if they off to college at age 18, this parent (and the village that’s providing support) has another 7 years to contribute. 🤑
What will this account look like in 7 years? I don’t know but this is why I love doing what I do. While this 529 might not pay for college outright, it will certainly help put a dent into whatever these college expenses will be in 7+ years.
If you have a baby or babies and you’re not sure about what you should be doing for their financial future, DM me.
