What maximum amount did the speaker ask the child to borrow freshman year?

Name: 💰 “Golden Dollars = Golden Habits”
Uploaded: 2025-07-10T17:16:26Z
Duration: 3 s
Channel: Chris Larsen
Description: A short conversational excerpt from a YouTube video in which two speakers (likely a parent and co-speaker) describe a family practice of matching…

Chris LarsenFounder, Next-Level Income

💰 “Golden Dollars = Golden Habits”

10 Jul 2025 · 0 min

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A short conversational excerpt from a YouTube video in which two speakers (likely a parent and co-speaker) describe a family practice of matching children's savings with physical "golden dollars" (rolls of silver/golden one-dollar coins) placed in plastic banks. The practice created tangible savings that grew into thousands toward each child’s college. The speaker also describes a college-funding rule: the child may borrow a little over $5,000 freshman year (the speaker asked that as the maximum the child borrow) while the parent promises to pay for college.

Questions this video answers

A little bit over $5,000 (the speaker said "the maximum you can borrow was a little bit over $5,000 your freshman year").

Hey, buddy, if you save this 50 bucks from the hundred you made, we.
Go to the bank, you got to put it in.
I deposit 50 bucks on top of it.
You did, you did a dollar for dollar savings. What I did is I did golden dollars. And so I went there to the bank and I pick up rolls of these.
Yeah.
So my match was in golden dollars.
Oh, that's really cool because they, they, they physically see it and feel it.
And when Nick ultimately left home, they have banks, plastic banks that I bought atop plastics.
Yeah.
And we fill those up with golden dollars. And so they each work out with what was thousands of dollars towards their college, you know, And I said, even with college, I said, listen, here's my deal. College. The maximum you can borrow was a little bit over $5,000 your freshman year. That's all I'm going to ask you to borrow. I will pay for college.
So they got some skin, all that.