Sometimes, I find myself mulling over ideas or questions that seem to linger in my mind endlessly. It’s like they just nestle in there, so occasionally, I need a little time to let them out and explore them further.
A question that’s been on my mind lately is how we can enhance financial planning for our children.
In this piece, I want to discuss how you might assess the amount of money to set aside right now for each child, with an aim to optimize your capital as you pursue Financial Independence.
I may not have articulated it perfectly, but I believe it makes sense to share my model and see where it leads.
I’ve always had what some might call unconventional ideas, especially around the concept of capitalizing some Financial Independence spending today rather than just calculating ongoing costs. It’s similar to how I manage my insurance premiums and plan for lifetime critical illness expenses.
This approach resonates with me, but I’d love to hear your thoughts on it.
