Buy prepaid tuition. It cost me $20K per kid when my two children were ten, and that paid for four years of college each. They were in college between 2010 and 2017, and tuition per year at the time was at least my total investment per kid. One kid graduated with $40K in the bank by working multiple jobs during school. The other is still a money pit.
One of my senior partners told me when I first began my career, “If you ever want to have money, either make or save some money every single day. What this will do is keep your focus on not wasting money.” It has really proven to be excellent advice.
Buy prepaid tuition. It cost me $20K per kid when my two children were ten, and that paid for four years of college each. They were in college between 2010 and 2017, and tuition per year at the time was at least my total investment per kid. One kid graduated with $40K in the bank by working multiple jobs during school. The other is still a money pit.
Long ago, a guy said something that stuck with me. “How does a poor man get rich? A little bit at a time.” 37 years later, he was right.
Spend Less than you make, and consistently invest the difference!
One of my senior partners told me when I first began my career, “If you ever want to have money, either make or save some money every single day. What this will do is keep your focus on not wasting money.” It has really proven to be excellent advice.
Keep it simple – use three or four index funds. And remember: Pigs get fed, hogs get slaughtered.