It’s no secret that getting a college education is still widely considered the “best next step” for high school graduates. And while there’s much to be said about higher education, many families treat college as a given for their children. What’s more, they don’t consider that one day their child may not want to go to college… and that that is okay. With rising tuition costs and crippling student debt, the more important question is: who should be at the table when discussions about education and savings are happening? What
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Education Calculator Vs. Cash Flow—Which Should You Use?
The Truth Concepts suite is designed to be versatile, and some demonstrations can be done on multiple calculators. One of the primary reasons is because sometimes the work you do behind the scenes isn’t the best way for a client to visualize. For starters, you want to avoid overwhelming clients when you’re building a Prosperity Economics foundation. After all, typical financial planning is a much different approach. Secondly, some clients are more analytical than others. While a number-heavy chart may be ideal for one client, another client might find the
Read MoreHow To Show Your Clients the True Cost of College
The Education Calculator is a tool that illustrates the true cost of college to your clients and creates the basis of a savings model. The numbers may seem straightforward, but the calculator allows you to factor in the yearly rate of increase in tuition and interest on student loans. It is simple to toggle between student information or parent information, which illustrates the base cost and the amount needed to be saved by the parents. The calculator can accommodate the information of up to ten children, making the total cost
Read MoreThe Four-Year Plan
The Growing Cost of College Isn’t Usually This Funny… Unfortunately, the four-year “plan” for most college students is to take out a lot of student loans and graduate without a workable strategy for getting OUT of debt (or out of the house!) This too-true video is hilarious, though it may hit a little too close to home for some… Feel free to share this page, or click through on the YouTube icon or on this link to watch it on YouTube. Click below to see the video: https://www.youtube.com/watch?v=ZIRdST_Dc0M Use the
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