As I was growing up,  our family would go down to Tijuana Baja California for various reasons.  If you think you have it bad, there is always someone that has it worse.  I grew up with the mentality to not waste Money on things that are not of Value.  Like 200.00 shoes that apparently are "Low priced".
I would buy 60.00 Nike Cortez.  Just an example.  Point is, to expose our children to the different levels of living and mold them to be "THE WOLF OF WALL STREET "!!!!

come up with a kids minor etf, investing in sound kids related companies. where they can buy a fraction of a share slowly at a time.

Magic of Compounding. Invest in index fund. DCA. Fund the UNIVERSITY.