This thread can act as the portal for ways to profit legally from children. There are many threads regarding the expense of having children, how to save, etc., etc., but that's just one side of the equation! For purposes of this thread, we will consider any person under the age of 21 a "child" because many young adults are still living at home at that age and can therefore still be a source of income.
Please feel free to flesh out any of these ideas with actual facts....
1) Open up an IRA as soon as your child earns any income at all and put all of that child's earned income into the IRA. This will Balloon into a ton of money by the time you are ready to retire. Make sure your child is raised knowing that this money belongs to you and that your child can have his or her own children to fund their own retirement. Hopefully, your child will turn the money over to you when the time is right. At least, if raised right, this won't be a problem. Once the child turns 21, s/he can open up a separate account for their own retirement (to be supplemented by their own children later).
2) Apply to be a foster parent. Before doing so, determine how much money you receive per child, and what the least amount of money you can spend to provide for that child's health and welfare is. If you are in the green, become a foster parent for as many children as you can comfortably fit in rooms with windows.
4) Do your best to breed with a good looking partner, so your child can make money of his or her looks by modeling. This could also be a consideration for fostering children.
5) Apply for credit in your child's name as early as possible. Then, do an AOR to maximize 0% loans to be put in the State Bank of Toledo to earn 6.01% in their reward checking account.
6) If your public school is terrible, consider home schooling. This can be time consuming, but if done right, your child will definitely understand why you are entitled to his IRA account (see 1 above).
These are just a few great ideas and I am sure the community can come up with more!
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DrInsano said:Please don't become a foster parent just to make money. Local story about bad foster parents.Of course parenting for profit is not the best reason to become a parent. But, if you can actually be a loving parent and make money doing so, everybody benefits. Child abuse is definitely bad, whether its a foster child, a natural child or an adopted child.
DavidScubadiver said: 1) Open up an IRA as soon as your child earns any income at all and put all of that child's earned income into the IRA. This will Balloon into a ton of money by the time you are ready to retire. Make sure your child is raised knowing that this money belongs to you and that your child can have his or her own children to fund their own retirement. Hopefully, your child will turn the money over to you when the time is right. At least, if raised right, this won't be a problem. Once the child turns 21, s/he can open up a separate account for their own retirement (to be supplemented by their own children later).
What kind of parent takes their child's income from them?
jimbocobb said:Is there a "recommend this user be banned from FW" button ???If you do not see the possibility of a legitimate discussion ensuing on the topic, you may click "alert the moderators" if you think the thread is terribly inappropriate. However, there are a LOT of people out there that take there children to "model shoots" and this can be discussed here.
DavidScubadiver said:2) Apply to be a foster parent. Before doing so, determine how much money you receive per child, and what the least amount of money you can spend to provide for that child's health and welfare is. If you are in the green, become a foster parent for as many children as you can comfortably fit in rooms with windows.
Didn't Bender do this in an episode of Futurama? I think he ended up underestimating expenses and tried to sell them as food to a Chinese restaurant to make up the loss.
As a retired teacher, I am infuriated over the idea of foster parenting for money. I hated that the state would put 8 or 9 children in a home, when each of these children needed a lot of attention to overcome the situations they had already been through. I taught special education and these children were also warehoused for the extra money is far less than ideal (should I say minimally adequate) foster families. In an ideal world, the money given is for the support of the child. Every child should have someone in their lives who thinks they are wonderful and exceptional!
4) Do your best to breed with a good looking partner, so your child can make money of his or her looks by modeling. This could also be a consideration for fostering children.
Wow. Just wow. If it is a matter of legality and not ethics, you can just go to Vegas and pimp your children when they turn 18... You will have homeschooled them of course to think that it is the right thing to do...
DavidScubadiver said:This thread can act as the portal for ways to profit legally from children. There are many threads regarding the expense of having children, how to save, etc., etc., but that's just one side of the equation! For purposes of this thread, we will consider any person under the age of 21 a "child" because many young adults are still living at home at that age and can therefore still be a source of income.
Please feel free to flesh out any of these ideas with actual facts....
1) Open up an IRA as soon as your child earns any income at all and put all of that child's earned income into the IRA. This will Balloon into a ton of money by the time you are ready to retire. Make sure your child is raised knowing that this money belongs to you and that your child can have his or her own children to fund their own retirement. Hopefully, your child will turn the money over to you when the time is right. At least, if raised right, this won't be a problem. Once the child turns 21, s/he can open up a separate account for their own retirement (to be supplemented by their own children later).
2) Apply to be a foster parent. Before doing so, determine how much money you receive per child, and what the least amount of money you can spend to provide for that child's health and welfare is. If you are in the green, become a foster parent for as many children as you can comfortably fit in rooms with windows.
4) Do your best to breed with a good looking partner, so your child can make money of his or her looks by modeling. This could also be a consideration for fostering children.
5) Apply for credit in your child's name as early as possible. Then, do an AOR to maximize 0% loans to be put in the State Bank of Toledo to earn 6.01% in their reward checking account.
6) If your public school is terrible, consider home schooling. This can be time consuming, but if done right, your child will definitely understand why you are entitled to his IRA account (see 1 above).
These are just a few great ideas and I am sure the community can come up with more! Someone at work onc ementioned that one should plan so that their children are born in December to maximize tax benefits. I thought that was ridiculous but this is way over the top.
4) Do your best to breed with a good looking partner, so your child can make money of his or her looks by modeling. This could also be a consideration for fostering children.
Wow. Just wow. If it is a matter of legality and not ethics, you can just go to Vegas and pimp your children when they turn 18... You will have homeschooled them of course to think that it is the right thing to do...Well, each person has to draw the line where they think appropriate. I, for one, would not want my child to sell themselves like that.
This topic is simply OP trolling the boundaries of the forum, in response to mikef07's thread about selling plasma, which was in turn a trolling response to AORs (which he thinks are too complicated for the reward). If no one replies, it will eventually die out.
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