Dave Ramsey
👤 SpeakerAppearances Over Time
Podcast Appearances
Yeah, that's what I would do if I were in your shoes.
You got to break the cycle of this because otherwise it's going to break you.
Kimberly's in Charlotte.
Hey, Kimberly, how are you?
Sure.
What's up?
Okay.
What I would do is jump online at RamseySolutions.com and click on SmartVestor Pro and open up a 529 and a good mutual fund.
Move the 13 into there and then add to it periodically when you have some more money come in.
And that will give you a much better rate of return and it grows tax-free.
It's a mutual fund and a 529 plan.
529 means it grows tax-free and it has to be used for college or education of some kind.
And so... Go ahead.
No, that's it.
I would not do that.
You can do that, but instead they need to use it for college, which is what you just said.
You were saving it for her college.
She could do trade school.
She could do code school.
She could do a lot of different things.