The amount of money you’ll need to pay for your kid’s college is daunting. Fortunately for business owners, there is a cost-effective and flexible way to save—no matter what the future might hold.

“Everyone will tell you to first look at starting a 529 plan, in many cases before your kid is even out of the womb. But if you’re a business owner, there’s an option no one has told you about: Hire your kids instead. If you want to save for your children’s future in a way that’s smart, efficient, and future-proof, hiring them actually makes much more sense than investing in a 529 plan. Here’s why.”

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