Cryptocurrency like bitcoin is a risky investment. It’s price went from $20,000 at the year of 2017 to $6000 in the year 2018. Some says ” “I hardly look at my account, It can be painful.” While others are vocal about their crypto gains, there are those who are very sad about their loses as well.  But what if we just invest our extra money into crypto and forget about it?  This is one of the ways of how we save money for our kids’ college.

We divided our kiddo investments into a few categories after we figure out how much we need:

  • Scholarshare investment ( Our main kiddo investment)
  • cryptocurrencies investment ( Buy and forget about it)
  • Roth IRA (max $5500 per social security number per person according fidelity investment)

Here is how we are doing it:

Scholarshare – we are investing monthly with a set amount every month.  The investment is set to decrease volatility as the kids get older.  We use this as our kids’ main educational investment.  Everything is automatic so that we will not forget to invest.

Cryptocurrency investment – We picked a few top solid cryptocurrencies like Bitcoin, Litecoin, Ethereum and we bought into it.  We hope that someday they will grow more value, if not it is not a problem because our Scholarshare account should take care of our kids education and more.

Roth IRA –  We newly found out about this tax saving benefit.  I never tab into this because I thought IRA and ROTH IRA are the same but there are differences.  For us, a regular IRA investment of $5500 can give us instant tax deduction and a Roth IRA allows us to invest into STOCK or mutual fund without needing to pay taxes.  While fidelity doesn’t offer cryptocurrency as a choice of Roth IRA investment, they have a variety EFT that are no fee and performing very well.  We got into some technology EFT under our names.  I like the fact that I can use the money for my kids or my own retirement. Plus, I can take out the money whenever I want.

***Roth IRA: Age 59 and under. You can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free. However, you may have to pay taxes and penalties on earnings in your Roth IRA. Withdrawals from a Roth IRA you’ve had less than five years.


 here is one of my kid posting with our ledger wallet.

P.S.  We teach other kids the important of money just like any other parents would do but we also teach them about bitcoin and how to secure the cryptocurrencies with a “digital wallet”.  At home, we are mining cryptocurrency. We show our kids how to set up L3 and what it does.  We hope that when our kids grow up, they wont have to count pennies like we do anymore. We bought some decoration bitcoins for Math counting games.


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