Financial Literacy – What Are Trust Funds? What's Inheritance?
The purpose of Trust Funds is to hold and protect the money until the requirement (time) is up.
If you leave a trust fund in your will, you can say the money in this fund wouldn’t be accessible until the kid turns 18 or some condition is met.
The Rule of 72 Formula is a rule of thumb.
It gives you an idea of how long it takes for money to double, given a fixed annual rate of interest.
Learn how to retire your children in today's episode!
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