{"id":9994,"date":"2006-03-20T14:00:04","date_gmt":"2006-03-20T11:00:04","guid":{"rendered":"https:\/\/mamchenkov.net\/wordpress\/2006\/03\/20\/make-your-kids-rich-just-a-thought\/"},"modified":"2006-03-20T14:00:04","modified_gmt":"2006-03-20T11:00:04","slug":"make-your-kids-rich-just-a-thought","status":"publish","type":"post","link":"https:\/\/mamchenkov.net\/wordpress\/2006\/03\/20\/make-your-kids-rich-just-a-thought\/","title":{"rendered":"Make your kids rich. Just a thought."},"content":{"rendered":"\n

I had to visit the bank<\/a> today.\u00c2\u00a0 Since I was on my way to the park (with Maxim), I decided to take him in.\u00c2\u00a0 While we were standing in the queue, one of the clerks stopped by to say hi.\u00c2\u00a0 She played a bit with Maxim and suggested that we open an account for him.\u00c2\u00a0 I thought she was kidding, so I replied in a Fargo<\/a>-ish way “Oh, yeah.\u00c2\u00a0 Right”. Surprisingly, she looked at me very seriously and said that she wasn’t joking one bit.<\/p>\n

Needless to say I got interested.\u00c2\u00a0 She said that all I had to do was to bring Maxim’s birth certificate, and based on this document she can open a bank account on his name.\u00c2\u00a0 Maxim will only be able to use this account when he is 18.\u00c2\u00a0 But until than, both I and Olga can transfer small amounts of money to that account – 10 or 20 pounds a month.<\/p>\n

As a result, if we’d do that, Maxim will have a good sum of money to start the adult life.\u00c2\u00a0 (Calculations for the lazy ones: 10 pounds per month x 12 month per year = 120 pounds per year.\u00c2\u00a0 Maxim is now 1 year old.\u00c2\u00a0 That means that he has another 17 years to go before he can use the account.\u00c2\u00a0 120 pounds per year x 17 years = 2040 pounds + bank percentage.\u00c2\u00a0 4080 + percentage you’re willing to make it 20 pounds per month).<\/p>\n

I understand that for many parents saying this outloud is like repeating that the planet Earth is round, but for me it was a completely new<\/strike> unconsidered idea.\u00c2\u00a0 I’ll be rushing back to the bank with Maxim’s birth certificates one of these days.<\/p>\n\n","protected":false},"excerpt":{"rendered":"\n

I had to visit the bank today.\u00c2\u00a0 Since I was on my way to the park (with Maxim), I decided to take him in.\u00c2\u00a0 While we were standing in the queue, one of the clerks stopped by to say hi.\u00c2\u00a0 She played a bit with Maxim and suggested that we open an account for him.\u00c2\u00a0 … Continue reading Make your kids rich. Just a thought.<\/span><\/a><\/p>\n\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[1,2],"tags":[219,167,123,2420,1093],"keyring_services":[],"class_list":["post-9994","post","type-post","status-publish","format-standard","hentry","category-general","category-personal","tag-banking","tag-ideas","tag-money","tag-parenting","tag-savings"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t