Financial expert Hörhan

Professional tips: How to save your child a fortune

Gerald Hörhan, self-proclaimed "property punk" and author of "The One-Room Millionaire", reveals here how you can save a small fortune for your child.

(Bild: Burak Cayci (Agentur Kocak GmbH)/WWW.FATIHKOCAK.DE)

For most people, their children are the most important thing in their lives, and many parents do everything they can to ensure that their children are well. However, one topic is often forgotten: financial security. Financial expert Gerald Hörhan has professional tips on how you can save your child a small fortune and even make them a millionaire.

It makes a big difference to the next generation whether they start their independent life with a solid financial cushion or with nothing, whether youthful sins such as consumer debt are easy to solve or are the basis for future over-indebtedness, whether or not the money for a good - and often expensive - education or whether or not there is already an additional income to start a business. The self-proclaimed "property punk" and author of "The One-Room Millionaire" knows how to do it - and also reveals here how he invests money for his own eight-year-old son.

This is how much it takes to become a millionaire
If you start building up your children's financial cushion in good time - preferably right at birth - you won't need too much money per month to build up a six-figure sum by their 18th birthday.