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Ramsey Everyday Millionaires

What’s the Best Way To Save for College?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.63.6K Ratings

🗓️ 29 July 2022

⏱️ 4 minutes

🧾️ Download transcript

Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0

You're listening to Ramsey everyday millionaires where we talk retirement, building wealth,

0:10.5

and outrageous generosity.

0:14.2

Marissa joins us now in Bend, Oregon.

0:17.6

Marissa, how can we help?

0:19.4

Hi there.

0:20.4

My question is, what type of 529 plan is best?

0:24.6

Is it a state sponsored one or one through Edward Jones or something like that?

0:31.1

That's a great question.

0:32.1

How old are the kids?

0:34.7

Nine and 12, starting a little late.

0:37.8

Okay, that's all right.

0:39.0

The fact that you're even having this conversation is amazing.

0:41.8

Most parents don't, and then they just hope and wish, and then the kid ends up with 100

0:45.4

grand in student loans.

0:46.6

So I applaud you for even looking into this kind of thing.

0:50.7

So when it comes to 529s, there are a lot of options out there.

0:54.5

Each state has their own.

0:55.5

And what's really cool is that you can be a part of Utah's 529 plan, no matter where

1:00.2

you live.

1:01.2

And so what I would be doing is reaching out to a smart investor pro in your area.

1:04.5

You can jump on ramseyslutions.com.

1:06.8

And they can actually walk you through all of the options out there across the country and

...

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