We just had our first child and are focused on making her life better than mine and my wife’s. We will be opening investment accounts for her this year, with the goal that money will not be a hinderance to their happiness or following their dreams, by the time they are 35. In other words, I would love for their investments and our discipline to have earned them ~$2.5m USD (our 1 million + inflation) by my age. I should add that my wife and I are already well on our way to retirement.
Things don’t always go according to plan though, so I would love to hear from other parents who took a similar approach to setting up their kids from birth. How has it panned out for your family?