The 3 Key Steps to Making a College Funding Strategy

Minimize student debt and help the next generation succeed

Key Takeaways

  • Student debt is at the highest level it’s ever been, so funding for college is an important decision.
  • The three-stop process of planning, monitoring, and selecting a college can help you make a smart decision on how to fund your child’s college.
  • Up front planning and reaching out for help when you need it can help you make those smart decisions.

Changing the Conversation

Key Takeaways

  • Establishing boundaries on our money with both ourselves and others helps keep people from becoming overly dependent upon us.
  • Continually paying off debts or financially rescuing our family and friends from situations is just a short-term fix to a long-term behavioral issue.
  • Sometimes tough love is what it takes for a family member or friend to break their money dependency cycle; there is no easy solution.
  • These situations are often very emotional and difficult, so don’t handle them alone and ask for help if you need it.

The “Do Over” Economy

Key Takeaways

  • The best money habit you can have is to save first and spend second.
  • Today’s freelance “gig” economy gives millions of talented people the opportunity to earn extra money on a flexible schedule that they can control.
  • Today’s gig economy also gives many people a second chance to get their adult money habits right.

The Wealthy Mindset

Key Takeaways

  • You may have money and some wealth, but that doesn’t mean you have a wealthy mindset.
  • It’s very important to surround yourself with the right people, resources, money and capabilities.
  • The Coyle Personal Wealth Assessment will help you see how you’re doing in eight key areas of your financial life.