A Canadian registered co. based in Toronto Ontario
You should have put my money on deposit so that when I returned I would have received it back with interest.
- Matthew 25:27
Welcome
Say goodbye to worrying about "if "they'll be okay
and hello to 100% certainty they will be.
A NEW ERA OF CHILDREN SAVINGS
The first NO investment risk or economic risk child personal monetary system that achieves tremendous growth for your child's future (education included) but also coaches parents & grandparents on how to utilize these funds for their own expenses as it grows. Not possible with GIC, RESP, TFSA or others
Ensure they make it
Are you 100% certain they will be making enough income to have all the things they should have when you and I paid less than half a short time ago? Many people at this point start to realize there's something to do.
This insures (not a spelling error) they WILL make it.
Do you really know what they'll do AFTER SCHOOL?
We just don't know they'll make the right decisions in life, heck we don't always either! This is why certainty is paramount especially when it comes to our kids.
Millionaire Child doesn't need anything else but time and flexible deposits to ensure finances grow to eventually more than deposit amounts i.e. $1 turns into $2.... No down stock market, economy, war, pandemic will deter the growth so rest assured there will be finances available from year 1 growing for school tuition, cars, travel, home down payments.. The more that goes in, the more it pays out. Sky is the limit!
It's not locked it, so borrow what you need without disturbing any growth for them! We all have grown up expenses and saving for your children If you need to finance something, go ahead and borrow funds against their savings, you won't interrupt the growth! Here's the benefit.. You were going to spend your own money on things anyway, so anytime after borrowing, (on your terms) simply send your own funds back to your child's savings to collect the money to use again PLUS what's grown! Their money will grow no matter what!
You may want to re-think your thinking and not follow the herd
Millionaire Child Lucrative NO RISK High Growth Monetary System not only for post secondary but for their WHOLE LIFE
A FIRST IN CANADA
Parents and Grandparents may (if they choose) “ UTILIZE FUNDS AS THEY GROW “ to increase their own cash flow PLUS receive free coaching on how to utilize the savings to take advantage of opportunities, recapture interest and extinguish debt. A savings plan for your child(ren) that benefits all parties.
Are you wanting to support you child’s cost of post secondary education PLUS give them a BIG head start their life afterwards?
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You can and will make that happen at any age and budget
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Earn MUCH MORE than what a government program RESP gives (only grants $7,200)
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No rules on where they can go to school or
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No rules on what they can study or
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No rules on how they can use the savings
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RESP’s have rules, restrictions and are limited. We want possibilities and more options for our kids not restrictions.
Did you know the cost of post secondary education is expected to be over $130,000 by 2030? Kids born around 2013 and afterwards will face this financial dilemma and in many cases an obstacle. How are you going to fund that without sending yourself and or them into years of expensive DEBT?
Parents are catching on.. Born in 1972, the RESP educational savings plans are definitely not the best savings plan for your child but is great for the government. They not only get money from you to grow but also tax your child on the back end.
Did you also know that you can ONLY receive $7,200 in government grants but ONLY if you deposit $36,000 for an education expected to cost $130,000???
Children must adhere to certain schools and programs that they government deems qualified in order to use the RESP, how is that fair? What if the child has scholarships or chooses another path, where’s the flexibility and freedom in that? You will then need to close the RESP and return all the free grant money back to the government. Child Millionaire allows parents, grandparents and children to choose the right path for them, not what the government deems right.
Millionaire Child is one of the fastest growing alternatives to RESP’s. Kids can receive a dividend for life and tax free compounded growth for school PLUS + savings that continue to grow for their WHOLE LIFE, all without risk. This dividends get large after a short while and can offset any deposits meaning the parents or grandparents will only be required to make deposits for a limited time and have the funds grow on their own. They make not want to though because the more they deposit, the more they can utilize themselves.
Giving up more than a decade of savings and compound interest to end after school with RESP’s just isn’t right. Aren’t kids going to require finances and a lot of them after school? This is where Millionaire Child really shines.
Not only will children be have access to more savings for school but also after completing school: housing, cars, travel, wedding, expenses etc. Life is expensive!
If that isn’t good enough, the owner of the plan being parents, grandparents or legal guardians can and should utilize the funds as they grow. If a large expense or opportunity comes along that requires capital to solve, and this pool of savings (possibly in the tens or hundreds of thousands dependent on how many years it’s been capitalized) is not being utilized, why not borrow without disturbing any growth and repay at your convenience time frame and amount. No loan applications, employment or credit checks. Finally a plan that benefits all parties involved.
K I D S
"We're not sure about you, but risking a "hope" strategy with our children didn't seem like a viable plan. "RESP do not and can not ensure your child's successful financial outcome."
Commonly Asked Questions (FAQ)
Why do I need this if I already have an RESP for them, what’s the difference?
RESP programs are a direct way to uncertainty...
RESP’s have rules and restrictions the owner needs to abide by, hold risk, funds are not freely accessible, funds are taxed, fees from bank resp and private resp co’s, NO guarantees on growth, long term contracts and savings can only be used for tuition, transport and school paraphernalia. What about the next 60 years?
RISKY- Will not cover all schools. The child can ONLY choose a “qualified” post secondary school that the government chooses. Many medical, technical or financial schools in North America are not qualified. Why should the government be the one to decide if the school or program my child wants to attend is “qualified?”
RISKY- The majority of RESP’s are invested for growth. Many children haven’t received much growth at all because the value of their RESP was diminished when school started and didn’t have the time needed for the markets to recover.
Taxed- The withdrawals of the RESP is taxed and now worth less because the government wants a piece of your child's school savings, isn’t that nice?
Penalties for use- The parent can not borrow against the funds without penalties and disturbing the growth should an opportunity or a large expense arise.
Not guaranteed investment - The value of the RESP could go up or down. Will the investments be UP when your child needs it most or will you need to come up with the difference?
Disappears after school- After the child finished post secondary, in most cases over a decade of compounded savings will be gone, used up permanently.
Limited- There is a maximum contribution limit to RESP. The average 4 years program is much higher than the limit and expected to reach $130,000 by 2030
Who’s name are the savings in?
It stays in the parents and or grandparents name and can be transferred and or if the owner chooses to at a later time to utilize for their WHOLE LIFE
How does it work?
You choose a target savings goal, set it and forget it. You and the child(ren) will not have rules or restrictions on how and or when to use the funds for school or after and you can stop there. OR.. Parents and grandparents can receive free coaching on how to utilize the savings to take advantage of opportunities, recapture interest and extinguish debt, all without disturbing the compounding growth for the chil(ren.)
Is it safe?
One of the safest places to grow and store savings is inside the insurance industry. You have not heard of a “run on the insurance company” but you have heard of a “run on the banks” in history and recently in the United States in 2023.
Is it reputable?
YES the funds grow with guarantees inside of an almost 200 year old tool in Canada. The process is over 40 years with over 700,000 books sold on the process of utilizing the savings while they grow.
What are the fees?
No fees. It gives, not take.
Are there tax benefits?
Yes It grows tax deferred and no capital gains on dividends are paid. Dividends have been paid every year without a miss for almost 200 years in Canada. Tax free use is also taught and encouraged.
Do I have to make deposits forever?
No, this plan becomes so efficient that usually in the 6-9 year, you can stop making deposits and it will continue to grow for the child. This is dependant on how you build and structure your plan for growth and use.
A different kind of savings plan, one that's insured and will be there when they need it BUT ALSO WHEN YOU NEED IT
When an opportunity or a problem shows up and requires money to solve, simply borrow then repay at any amount and time frame WITHOUT DISTURBING GROWTH for them
The first NO investment or economic risk child savings plan that coaches parents & grandparents on how to utilize these same funds for their own expenses! Not possible with GIC, RESP, TFSA or others
Just don't beat inflation, dominate it, your child(ren) will have more
Tax deferred Interest + Dividends!
Make deposits for a limited time and borrow against it to achieve expense, purchase or debt objectives!
Watch the unavoidable inevitable growth!
No fees, no catch, no gimmicks!
A certain ensured way to make sure your child(ren) have finances for their life adventure.
Pssst... we coach you on how to
use these funds while they're growing in tandem and tax free!
It seemed that RESP or education savings plans were the only talk about kids savings over the water cooler for decades. With limited deposits, use for only 1 thing only, taxed on withdrawals and growth uncertainty tied to a stock market... There are always inevitable down stock market and crashes so what if my child is going to school at a time when that happens??? This is a hope strategy... It seems strange that most parents are focusing on savings for a small % portion of their child's financial needs when the other 60 years is where they'll need the majority of their financing, (yes especially as a grandparent!) Life is expensive!
They'll be working and earning an income but have you noticed what happened in the past 20 years? Haven't home prices more than quadrupled but have incomes? What do you think will happen in another 20, 50 years and let's not even think about the inevitable tax increases. Are you 100% certain they will be making enough income to have all the things they should have when you and I paid less than half a short time ago? Many people at this point start to realize there's something to do.
Fortunately there is an inevitable way to make sure they have finances ready for their adult years. We're not sure about you but risking a "hope" strategy with our children didn't seem like a viable plan. A lot has changed in the past 2 decades with economic and political uncertainty, it's a scary world so we're making it inevitable that our kids will have the finances ready for their life adventure. We've travelled, networked, invested our own money to educate ourselves to what real savings should be and oddly enough it was there all along here in Canada for over 170 years. It just isn't easily found, as many hidden gems aren't. Welcome to a different and specially designed high cash value, dividend paying whole life insurance savings process.
Millionaire Child
Parents, grandparents and caregivers might actually love this
You see the world changing around you and know by the time the kids grow up, the costs to afford necessary amenities like housing will be prohibitive. You want to start saving for them but also worry about losing it to the stock market or tying it up in some financial prison.
Don't worry, this process solves both and more. Welcome a savings process that is not only flexible but lucrative.
Furthermore... This savings plan doesn't only ensure with 100% certainty that your funds will go UP every day by virtue of written guarantees, but will also outpace your deposits amounts. Yes, that means beating inflation and eventually you'll find your deposits are less than the growth I.e. Every year the growth expands, it unavoidable. It also stays in your name until and if you'd like to eventually transfer it to your child(ren.) Until then, borrow the funds tax free to buy things, pay bills, make investments etc then replace what you've used and repeat.. You were going to spend your own funds anyway, so repaying back to your child's savings system, you collect the money to use again PLUS what's grown. You'll now see the access you have is higher than what you had before. This all happens without interrupting the compounding growth that will inevitably be there for your little one(s.)
Capatalize
(make deposits) Monthly or annually. Annually will grow slightly
faster.
This step takes time be patient, the result is well worth it.
Pay off expenses in FULL or make a NEW purchase
Borrow
Your own balance will continue to increase daily, no matter what.
Redirect your next expense payments, (previously transferred to 3rd party) to your child's savings system to collect the money for yourself;
REPEAT
ENSURE THEY CAN DO IT ALL! When you grew up, the vivid imagination you used to have and enjoy so much was torn away because of the daunting reality of life and how hard it was to make things work, the way you wanted, the way you dreamed. That ends now, for your children and yourself. Ensure they can:
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open a business
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buy house(s)
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get advanced education
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see the world
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buy vehicles / business equipment
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vacations
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dream wedding
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imagine more...
What does this all mean..
No risk only growth
Insurance co's manage billions but unlike banks, they pay well for use of your money. They testify by way of a contract that they'll eventually pay you more than what you deposited when you make your deposits for a stated period of time. You pick the number you want and have peace of mind knowing your kids will have life's better options.
You call the shots
You pick the amount for your regular deposits for 10, 20 years (or longer if you'd like to have "more,") and you can ensure the child(ren) will have a lot more than you've deposited. Being able to use your savings without disturbing the growth is great, but how about getting everything back that you've put in PLUS all the growth?
You are always the owner
You are the owner, not them, not yet. A transfer to them down the road can be done easily when and if you think they're ready (and after you've made a lucrative savings agreement in both your favors so everyone is happy.) More on this during your enrolement.