This is not a college fund. We will be handing this money to the girls when they are around 15 years of age to do whatever they so choose with. They can pursue studies, start a business, travel, invest, whatever, they’re smart, they will make good choices and/or learn from their mistakes.
In 2005, Taylor Swift’s father invested $300,000 into her career, ultimately resulting in her becoming one of the most famous & successful people on Earth. Adjusting for inflation, that will be approximately $750,000 in 2040 money. Using a low-risk Certificate of Deposit with the local credit union at ~4% interest, we will need to deposit $200 per day to hit that goal for both girls.
Please put “college fund” in the note.