Summary:
In this episode of the Prosperity Podcast, Todd Strobel and Kim Butler address a big issue for the upcoming generation and their parents: paying for a college education. So often today a college education is the expected and automatic next step after high school, and the costs can be very high. Join them as they discuss how to help your children succeed and how to help yourself to remain financially stable while supporting them.
For more insight and ideas concerning education, specifically college education, we’d like to recommend The Education of Millionaires: Everything You Don’t Learn in College About How to Be Successful, a book by Michael Ellsberg about where we learn some of the critical skills for success. (Hint: It’s not in college).
Also, please keep sending us all the good questions and feedback. We’d love to answer your questions in one of our upcoming shows and we appreciate your support!
Show Notes:
0:00 Intro
0:44 The Cost of An Education: Student Loan Debt and More
1:54 The Expectations of College
3:30 The Average Cost of Coll
ege (Including Opportunity Cost)
6:49 Interesting Solutions to the Cost of College
7:44 The Time Opportunity Cost of College
10:47 How to Help Kids Who Are Searching
11:43 How Much Should I Help My Child With College Tuition?
12:50 What About Prepaid College Funds? An Issue of Control
14:42 Look Forward to Audio Book of Live Your Life Insurance
15:19 Outro
Disclosure: Our content is meant for educational purposes only. While it’s our goal to help you learn about building a life of prosperity, we do not intend to provide financial advice. Please consult your financial, tax or legal advisor before making any investment or financial decisions.