Prepaid Financial Aid – Episode #23

In this episode, I help high income earners who will likely NOT qualify for financial aid for their children’s college expenses.High income earners must let time work for them.I explain exactly how to do just that.By focusing on what they can control, allows them to meet the goal of helping their children have better lives.College planning is a common parental goal that transcends class, race, religion, politics and yet college planning is one of the least planned goals.Such a paradox -> clear goal but unclear steps toward achieving that goal.The most important reason to plan for this goal is timing.Think about it…retirement age for parents and college age for children can occur simultaneously.If you don’t plan for both, then one or both goals suffer.Both are known inevitabilities and yet too many people aren’t sufficiently prepared for either.Both retirement and college goals can seem so far away.People let time get away from them.Life is busy and time flies.How important is college planning to you?Are you willing to sacrifice your retirement to pay for college expenses?Remember you can’t finance retirement.College and retirement don’t have to be competing goals.Listen to this episode to learn how to strike the right balance to achieve both goals – college and retirement freedom.Podcast Cheatsheet:The Power of Compounding - 05:34Tax Exempt Opportunity - 09:39Episode’s Rich Behavior - 12:19Ready to Start Behaving Wealthyhttps://www.behavingwealthyacademy.com/roi-retirement-roadmapShare this podcast with your friends:Spotify - https://open.spotify.com/show/6uwUCj8c971XUJgbOOAH9hApple Podcasts - https://podcasts.apple.com/us/podcast/the-high-worth-%24hift/id1654041671Amazon - https://music.amazon.com/podcasts/c76f2f81-4fff-4d6e-8943-d31e298d5e85Google - https://podcasts.google.com/feed/aHR0cHM6Ly9tZWRpYS5yc3MuY29tL2hpZ2h3b3J0aHNoaWZ0L2ZlZWQueG1s?sa=X&ved=2ahUKEwj8zdXUzsf7AhVamFYBHcZnBwoQ9sEGegQIARACWant the video of this podcast?Youtube - https://youtu.be/CX2tCjqqTZM