LogFAQs > #972651477

Once he's old enough, he can do the yard maintanence like mowing the lawn, trimming hedges, pulling weeds as well as pool maintanence. I'll pay him a bit above market average. Open a roth IRA for him and match everything into his roth. Not sure when he'll be old enough to do it, maybe 8 or 10 years old? But imagine he does that for like 5 years, He'll have like 50k ish deposited into his roth ira by then. By the time he's 60 it'll be like >5 mil in retirement from compound interest of that alone, adjusted for inflation it'll be like 1.5 mil in todays dollar.