Richard Canfield and a co-host argue for keeping options open instead of locking money into college savings. They use a welder starting a truck business as an example of how practical trades can pay off better than a four-year degree.
Chapters
Even going a little bit earlier if it's at that 22 stage. And maybe they aren't interested or they're. They made a decision that they're going to go to a trade school or whatever. Let's say they want to go become a welder, as an example. And they use that to fund buying a welding truck with a welding rig, a used one, so they can actually start their own business and then they can level that up into buying even an additional one. So those are the options that the scene versus the unseen. These are the things that we don't know what's going to happen in that unknown future. But if we take away options, we certainly can't add more in. So we're talking about a direction here where we're adding options. Options. We're adding possibility and flexibility into life's plan that may or may change and divert. And so we want to make sure we have all that available for our children.
But reasonable good precision that gives you enough indication, because it's contractually guaranteed and is bound by the insurance company that the impact of making a decision, we can see the values of that impact.