Jayson Lowe discusses a savings system for education that doesn't lock you in. If your kid doesn't go to college at 18, there's no penalty. The money keeps growing and you can use it for a car, wedding, house down payment, or starting a business instead.
Here's the thing with this system. What happens if the child does not go to school at age 18?
Yeah, if the child does not go to school, nothing happens. They can just continue to use the money without penalty, without restriction, let it grow. Their hands are free to use it whatever way that the family system wants to use it.
Jeff, so let's say she doesn't go to school, you know, could they use that cash value to, you know, maybe help buy a vehicle?
Uh, yeah, the family has complete control to decide how they want to spend that money with it. Okay, so how they want to access the cash value.
So a wedding? Sure. Down payment on a
home?
Absolutely. Starting a business?
Sure. Yeah.
Business. You know, access to capital on their terms. And so family number 3, they didn't commit their money to one outcome for education. They built a system that works no matter what happens.
Want to find out more about how you can become your own banker? Click the link below or head over to learnwithjay.com. That's learnwithjay.com.
