9: The Four Pillars to Successfully Paying for Children’s Education

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 10 March 2017

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Four Pillars to Successfully Paying for Children’s Education.

Student loans are becoming an ever-larger burden on many households. Dr. Dahle discusses the four pillars to successfully paying for children’s education. Every situation is different, and it is likely that one or two of these pillars will be more important in your scenario than the others, but the larger the contribution from each of them, the easier the task will be.

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This episode is sponsored by the White Coat Investor Recommended Financial Advisor page found at http://whitecoatinvestor.com/financial-advisors/
An important mission of the WCI is to connect doctors in need of assistance with financial planning and investment management with the good guys in the financial services industry. These advisors offer good advice at a fair price on a fee only basis. Check it out today under the recommendations tab on the website.

Transcript

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0:00.0	This is the White Code Investor Podcast, where we help those who wear the White Code get a fair
0:04.8	shake on Wall Street. We've been helping doctors and other high-income professionals stop doing
0:09.5	dumb things with their money since 2011. Here's your host, Dr. Jim Daly.
0:18.5	Welcome to the White Code Investor Podcast Episode number nine. Our sponsor for today's podcast is
0:23.9	the White Code Investor recommended financial advisor page found at whitecodeinvestor.com
0:29.2	backslash financial dash advisors. An important mission of the White Code Investor is to connect doctors
0:34.6	in need of assistance with financial planning and investment management with the good guys in
0:38.6	the financial services industry. These advisors offer good advice at a fair price on a fee-only
0:43.4	basis. Check it out today under the recommendations tab on the website. Thank you for what you do.
0:49.5	You're probably on your way into work today, maybe on your way home, and you've got a busy day
0:54.6	ahead of you of some stuff that sometimes seems routine and sometimes seems that nobody really
0:58.8	appreciates. But I assure you there are patients and their family members who really do appreciate
1:03.0	what you're doing, even if they sometimes forget to thank you for it, or sometimes try to bite you,
1:08.1	or throw something at you. You know how it is with patients. Today we're going to be talking about
1:12.7	paying for college. There are a lot of things in life where the price is highly variable. Homes,
1:17.4	cars, vacations, clothing, etc. We're generally pretty good at making rational decisions about most
1:24.4	of that stuff. You know we look at a house and we say okay we can afford that and I'd like that
1:29.4	so we buy it. But when it comes to college that doesn't necessarily happen so much. So today what I
1:35.3	hope to do is to inject some rationality into this issue. Here's a news flash for the doctors out
1:41.2	there. You're not going to be getting much need-based financial aid for your kids when they go to college.
1:47.1	If you haven't yet realized that, that is just a fact of life. It's funny to talk to people who,
1:53.0	you know, doctors and other high-income professionals who have gone to some of these college planning
	...

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