Education Planning

My Always-and-Forever, Never-Changing, Very Best Encouragement for College Students

My Always-and-Forever, Never-Changing, Very Best Encouragement for College Students

When entering the “real world”, at least from a financial perspective, you will hear a lot of noise about the best way to handle your new responsibilities.  You might hear things like:

  • “Defer any student loans as long as possible.”
  • “Make minimum payments or income-based payments.”
  • “Don’t worry about student loans, everyone has them.”

Listen to me… BE WISE TO THE LIES!

Take a different viewpoint and attack that debt with ferocity.  

3 Ways To Teach Your Kids About Money

3 Ways To Teach Your Kids About Money

Here are three quick ways to help teach your children the value of money:

1.  Working hard equals earning money. 

One potential problem is that children never grasp the concept that you have to earn money, and instead just rely on others to provide it to them.  Set tasks for young children to do which earns them a paycheck.  The older they get, the more formal the job can be until they are working regularly outside of the house by the time they are in high school. This will teach time management skills as well as show them how working equals money.

The College Conversation: Part 2

The College Conversation: Part 2

Somewhere along the way college became a taboo topic in most households.  I’m not talking about the idea of attending college; rather I’m talking about the costs involved, whose responsibility it will be to pay for it, and the coordinating plan to go along with those intentions.

College planning is an on-going active conversation we need to have with our children.

The College Conversation: Part 1

The College Conversation: Part 1

8 Surprising Facts about College in America:
Taken from Beating the College Debt Trap, by Alex Chediak

1. “The United States has the highest college dropout rate in the industrialized world. While seven out of ten high school graduates go on to college, less than half of 25-34-year-olds (44 percent) have a college degree of any sort.”

2. “About three in ten students earn a bachelor’s degree with absolutely no debt.”

Beating the College Debt Trap

Beating the College Debt Trap

Our daughter Evelyn was born in June 2015, and we just had our second child, Ford, a couple of weeks ago. What better time to start planning for kids' college than when you have two children under the age of 2? 

Naturally, as a financial planner, I have already been contributing to accounts for the benefit of our children (both a 529 plan and an UTMA account, just as many of our clients do). But like many of our clients, my wife and I are already having discussions about how much (if any) we want to contribute to our kids' college expenses. That's right: it's not a given that we will contribute any amount at all toward a four-year degree for our children. We want to be open-minded enough to question whether that will necessarily be the best step for each of our children.

Education Season/Thought Leadership

Education Season/Thought Leadership

The team and I began our yearly conference, seminar, and education travel schedule in April and have been full-tilt into the summer.  All of us believe in the importance of ongoing education and improvement in our profession.  Being independently owned and operated allows us the opportunity to take advantage of many industry-wide learning events.