• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • ABOUT

The Fortunate Investor

Investing, Business, Saving, Debt, Money, Retirement, Taxes and Family Finances

  • Business
  • Invest Your Money
  • Save Money
  • Get Out of Debt
  • Make Money
  • Family & Money
  • Taxes
  • Retirement
    • Retirement Calculator
You are here: Home / Saving / Hair Raising Heirlooms That Could Help You To Set Your Kids Up For Life

Hair Raising Heirlooms That Could Help You To Set Your Kids Up For Life

May 11, 2021 By Bobby | This article may contain affiliate links. For more information visit our Disclosure

Tweet
Share
Pin
Share
Share

Hair Raising Heirlooms That Could Help You To Set Your Kids Up For LifeWhen we think of heirlooms, most of us consider family items that we would never dream of parting with. It’s a sentimental outlook and, let’s be honest, we’d all love for our kids to propose with their grandma’s engagement, etc. But, heirlooms also provide some fantastic opportunities for investment.

After all, the best possible things we can give our kids are financial security and an understanding of how to invest. Forget ‘something to remember me by,’ – heirlooms in the modern age can provide fantastic monetary value. Just watch one of those auction shows for proof of it! 

The question is, how do you turn heirlooms into something your kids won’t mind parting with? You steer on the side of the unsentimental, of course, and buy items with future investments in mind. If it helps, you could even give these things to your kids during your lifetime, thus ensuring that they don’t get attached. 

But, before any of this is necessary, you need to settle on heirlooms that stand to provide the best returns, and that’s precisely what we’re going to consider here. 

Jewelry

Jewelry

Jewelry, especially pieces with high-quality, rare diamonds, has fantastic potential to appreciate over time. Like a good bottle of wine, this investment will become more and more lucrative the longer it sits in your safe. To truly enjoy this benefit, it’s worth buying pieces at an auction or looking for jewelers who offer unique cuts/designs. Considering that the world’s most expensive diamond very famously sold for $48.4 million, the potential for money, and lifetime security, from these efforts, is second to none. 

Coin collecting

Collecting rare coins like the morgan silver dollar could also lead to significant, life-changing returns. Again, this heirloom appreciates greatly, and with coins like the flowing hair silver/copper dollar now going for around $10million, even just a few rare pieces could provide untold security for your loved ones. Coin collecting is particularly valuable if you keep an eye out for rare coins as they’re printed. This way, you could spend as little as a few cents and still end up with substantial returns on your investment in fifty+ years. If anything, keeping your collection modest is the best way to avoid sentimentality, and still make these investments worth your while.

Artworks

YouTube video

The Mona Lisa has recently been valued at an astonishing $100 million, earning artwork a very well-deserved place at the end of this list. Obviously, you aren’t going to bag yourself a De Vinci (we doubt!), but the testament remains the same – art also matures like fine wine, especially if the artist has passed since your initial investment. Admittedly, an investment piece from the best artists of the age is still going to cost a few hundred thousand dollars during their lifetimes. But, with millions potentially on the table when your kids come to sell those pieces, that’s barely a sniff in the ocean. Again, keep those paintings under wraps, or at least out of sight, so that your kids can sell them without hesitation and enjoy the fruits of your labor!

Primary Sidebar

Popular Articles

Real Estate Tycoon: 5 Must-Know Tips for Investing In Commercial Real Estate

Making Your Mark in Real Estate: Factors to Kickstart Your Investment Journey

Investing in real estate is like planting a seed that can grow into a sturdy oak tree over time. … Read More about Making Your Mark in Real Estate: Factors to Kickstart Your Investment Journey

Struggling to Grow Your Business Here Are 6 Simple SEO Tips for Your Small Business

Money-Savvy Tips To Drive Innovation For Your Small Business

Any successful small business relies on innovation. It can drive the organization forward, allowing … Read More about Money-Savvy Tips To Drive Innovation For Your Small Business

How To Make Sure You’re Compliant In Business

How To Make Sure You’re Compliant In Business

When you run a business, you’ll have a lot of rules and regulations to stick to, and sticking to … Read More about How To Make Sure You’re Compliant In Business

Tips for Dealing with Conflict in the Workplace: What You Need to Know

No one expects to be best friends with all of their coworkers, but at the same time, not getting … Read More about Tips for Dealing with Conflict in the Workplace: What You Need to Know

Final Checks To Carry Out Before A Safety Audit

Final Checks To Carry Out Before A Safety Audit

Keeping the people in your business safe and sound is one of the primary responsibilities you have … Read More about Final Checks To Carry Out Before A Safety Audit

Footer

TOPICS

SAVE MONEY
INVEST MONEY
REDUCE DEBT
MAKE MONEY
FAMILY & MONEY
TAXES
START A BUSINESS
RETIREMENT

THE FORTUNATE INVESTOR

ABOUT US
ADVERTISE
CONTACT US

The Fortunate Investor focuses on personal finance topics to build wealth. Topics include saving money, investing, managing debt, family and money, taxes, making money, college planning, starting a business, coupons and retirement.

SOCIAL MEDIA

FACEBOOK
TWITTER
PINTEREST
YOUTUBE

Copyright © 2023 Fortunate Investor. All Rights Reserved. | Disclaimer & Disclosure | Privacy Policy | Terms of Service