Ramsey Expert Warns Parents on Kids' Investments
A Ramsey Solutions expert accepted a $1,000 gift for his son from Donald Trump and then gave important advice to parents.
George Kamel works with Ramsey Solutions. He recently met Donald Trump. Mr. Trump gave Kamel's young son $1,000. Kamel shared this story and then warned parents about a big money mistake.
Kamel talked about investing for children. Many parents want to save money for their kids early. This seems like a good idea. But Kamel says there is a better path for families.
He tells parents to pay off their own debt first. Get rid of credit card bills and car loans. Make sure your own finances are strong. Then, start saving for your children. This plan puts the family's money health first. It helps everyone win in the long run.
Source: Fox Business
