Ep. 37 - The Tax-Deferred Investment Plan that Can Put Your Kids Through College
With inflation looming above our heads and rumors of financial collapse, one question may be in your mind: “how can I afford to save for my kids’ futures?” In this episode, Alex and I reveal a risk-free, tax-deferred savings plan that can put your kids through college by saving exactly what your budget can afford. It’s called a 529 Plan, a prepaid tuition plan for college expenses. We’ll explain how it works, how to get it started, and all the benefits it can provide for your financial future.
Hedge against future inflation and rising costs by diving right in and discovering how this plan can work for you.
[00:01 - 06:42] Unlock the benefits of a 529 Plan: Tax-deferred savings for college expenses
[06:43 - 13:23] Investing in a 529 Plan or Prepaid Tuition Plan to hedge against rising college costs, risk-free
[13:24 - 17:40] How a little saving can go a long way
[17:41 - 26:01] How saving with the customizable Florida Prepaid can double your money with no risk of loss
[26:02 - 36:27] Tips on investing in your child's education K – Post-Graduate
Resources Mentioned:
Quotes:
"What a great way to hedge against inflation… a great tool to use as an asset to go against inflation and not have to worry about anything." - Quinton Harris
"Let's plan for the now. Let's make a sacrifice while uncomfortable auto-draft right out of your checking account so you're not even thinking about it. But get this done." - Quinton Harris
"It's that whole mentality of “pay yourself” first. I think that's one of the big takeaways that people should get here." - Alex Stewart
"It's a risk-free investment, whereas if you invest this money and the stock market goes down, you don't get that money back.” - Quinton Harris
"If you have one in your state and you've researched it, I can tell you right now, without a doubt, I would absolutely enroll in this." - Quinton Harris
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