Ramsey Expert Warns Parents on Kids' Investing

George Kamel works for Ramsey Solutions. He recently received a special gift. Donald Trump sent $1,000 for Kamel's baby son. Kamel chose to accept this money. He shared his plans for it with his audience.

Kamel will put the money into an investment account for his son. But he gave a strong warning to other parents. Many parents make a big mistake. They invest for their children before they handle their own money. This can be very costly.

Kamel wants parents to focus on their own finances first. Get rid of debt. Build up savings. This makes sure you are strong financially. Then, you can invest for your children. This is the smart way to build wealth for your family.

Source: Fox Business