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Feb 12th, 2024
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 Re: Gift for my son
[Re: Cow_doc.308]
#7621019
10/01/19 05:41 PM
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Joined: Jul 2015
Posts: 3,091
Always ready 2 hunt
Veteran Tracker
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Veteran Tracker
Joined: Jul 2015
Posts: 3,091 |
Do not underestimate the costs of college and the power of compounding. Start now and contribute as much and as often as you can-without fail.
529 college plans
lifetime hunting & fishing license
separate account for college graduation hunting trip with Dad (we did this knowing once he graduated and start real job, the time off for vacation for week+ hunt trip would be difficult). Think Africa, Alaska, Youkon... lifetime trip and memories
I like that pearl idea.
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Re: Gift for my son
[Re: Cow_doc.308]
#7621049
10/01/19 06:01 PM
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Joined: Jul 2011
Posts: 1,491
BearkatHunter2011
Pro Tracker
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Pro Tracker
Joined: Jul 2011
Posts: 1,491 |
We started a 529 plan for both our kids. Giving each $200 a month. Was able to put some lump sums in there as well. Planning on a state college tuition and books being 80K in 13 years.
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Re: Gift for my son
[Re: Cow_doc.308]
#7621216
10/01/19 09:22 PM
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Joined: Oct 2013
Posts: 3,418
ZK-315
Veteran Tracker
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Veteran Tracker
Joined: Oct 2013
Posts: 3,418 |
When my first boy was born, I had 3 knives made. One for my dad, one for me, and one for my boy. Fast forward 2 years and along came our second boy.
I reached out to the knife maker of the original 3 and sent him pictures and had him make me a 4th knife. All 4 are identical to one another, and there's a 3 generation set.
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Re: Gift for my son
[Re: BearkatHunter2011]
#7621327
10/02/19 12:09 AM
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Joined: Apr 2009
Posts: 10,115
texasag93
THF Celebrity
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THF Celebrity
Joined: Apr 2009
Posts: 10,115 |
We started a 529 plan for both our kids. Giving each $200 a month. Was able to put some lump sums in there as well. Planning on a state college tuition and books being 80K in 13 years. My brother spent $60k on his daughter who went to UT and graduated 5 years ago. She lived very frugally (3 roommates, no car, worked). I hope $80K is what it is in 13 years. That is when my daughter will be in college.
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Re: Gift for my son
[Re: Sniper.270]
#7621559
10/02/19 11:44 AM
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Joined: Sep 2007
Posts: 574
Pigsicles
Tracker
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Tracker
Joined: Sep 2007
Posts: 574 |
I would do silver. You can start with coins or bars. You can keep a theme and it is limitless what you can add. It’s relatively inexpensive, will grow in value, and he can continue it indefinitely. I have been giving each of my 2 grandsons a roll of silver Eagles on their birthdays since they were born in addition to each of their 529’s I set up and funded right after they were born. Hopefully a good start to their education needs. My son just took over our company we started together 7 years ago.
Pulsar Trail XQ50
Pulsar HD 19A
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Re: Gift for my son
[Re: Cow_doc.308]
#7621872
10/02/19 05:26 PM
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Joined: Feb 2015
Posts: 464
Tommar
Bird Dog
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Bird Dog
Joined: Feb 2015
Posts: 464 |
When he is 12-14 years old buy him a beat up 4x4 pickup from the year he was born and restore or build it as a project together.
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