Ramit Sethi and a guest debate how much to save for college, throwing around numbers from $98,000 to $170,000 per kid. Neither is sure if those figures are right. One admits they've never actually thought through what amount makes sense.
Do you know how much that will turn into for your kids?
That'll be like $100,000. About $100,000. I think it was $98,000.
Okay, let's say $100,000. That's fine. And then how about for the others?
And then I think it's $130,000. And then for our youngest, who's 3, I think it's like—
$150,000.
No, I think it's more than that. I think it's like $170,000.
So, like, is that the right amount? I have no idea. Is it not amusing? I've never really thought about that. Like, shocking that you are spending the most amount of money and you haven't asked yourself, Is this the right amount?
No, we've never— no wonder you feel guilty. You don't know even the basic numbers.
