After all, investing, college funds, all quite boring in the face of instant gratification.
A manturned to the internetfor advice after a marital disagreement on how he used his sons lottery winnings.
So OP invested it and it ended up paying off.
However, some believe he should just give the entire sum to the kid.
First and foremost, how does ownership work in a family?
This is perhaps why many did side with OP.
Nevertheless, most parents tend to avoid playing the Do you know who actually owns things?
card unless its absolutely necessary.
First and foremost, it can really drive a wedge between the child and the parent.
The average annual cost at a private institution in the US was$33,500 in 2017.
However, seeing as its been invested well, that money has been grown effectively.
OP has more than one kid.
Of course, the real question is what should he have done with the earnings from investing it.
All in all, holding on to them is by no means bad.
Check out the results:
