Do you plan to gift your kids any money/investments when they become adults outside of paying for their schooling?
My parents invested $5k for me as a kid which grew to $15k when I became an adult. It formed the initial base of my investing. My dad also gifted me $5k when I got married and outside of paying for my school that was pretty much it. I thought that was fair.
For a future kid, I was playing around with compound interest calculator and seeing "hey if I just invested like $XXX a month for them, they'd have several hundred thousand when they graduate college! We could give it to them as a gift!" I told my wife and she thought it'd be foolish to gift an early 20-something several hundred thousand as 20-somethings are morons and they have to mostly make their own way like we did. (TBF I think I would have mismanaged a large amount like that myself at that age)
Outside of helping with their schooling, do you currently (or plan to) invest heavily on behalf of your kids? Or is it all yours and they gotta wait for the inheritance?
Edit: Lots of good ideas and views in the comments. Thanks everyone.