[Editor’s note: If you’re the parent or grandparent of a baby, how would you like to make a small one-time investment that could grow mostly tax-free and ultimately provide your child/grandchild with a comfortable retirement, while also leaving a sizable sum for your favorite ministry or charity? Our friend, Paul Merriman, shows us how.]

As hard as it may be to believe, it’s possible to turn a one-time $3,000 investment into $50 million in a single lifetime. I can’t say that I have done it, but I’m going to show how you could.

This is a very tall order, one that requires an entire lifetime and more than one person to carry it out. If you’re a parent or grandparent, you can do this. Someday, your child or grandchild could be very grateful that you did.

The plan I am about to describe isn’t magic. It’s a recipe with four essential ingredients: