Optimal Relationships Daily - Dating, Marriage and Parenting 2688: Investing For Your Kid's College Education: The Rule of 5 by Wanderer of Millennial Revolution
Aug 10, 2025
Explore the shifting landscape of college education and the myths surrounding its necessity for success. Discover how rising tuition and student debt can hinder financial freedom. Learn about alternative paths like online certifications that can provide professional opportunities without the hefty price tag. The discussion emphasizes a strategic investment plan, using the Rule of Five to guide parents in saving for their child's education while balancing their own financial health.
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Bonus Episode From Finance Show
- Greg introduces this as a bonus episode and hands off to Diana from Optimal Finance Daily.
- Diana reads a Millennial Revolution post about saving for university.
RESPs Offer A Guaranteed 20% Match
- In Canada, the federal CESG matches RESP contributions 20% up to $500 per year.
- That yields an immediate, risk-free 20% return on contributions up to the cap.
Treat Education Accounts Separately
- RESP/529 funds have a defined withdrawal schedule, so they need a different risk profile than retirement accounts.
- Manage them independently to match timing, not your general risk tolerance.