276-Why This Financial Planner Refuses to Save Money for His Kids' College

Recently I received this personal note from a personal friend of mine: "My wife suggested I reach out to you for advice as we plan to start saving for our soon-to-be-born-son's education. Hard to believe it's going to be just a few weeks now. I've looked into our state's 529 plan, but wasn't sure if there were better options. Any advice would be greatly appreciated."

My advice in response was simple: don't set up a college plan for your young child. It's a bad idea and a poor use of money in light of all the other things you can do with money that are better.

Interested?

Listen.

:)

Joshua

• Do you have student loans hanging over your head because your parents didn't save for you? Go here: www.studentloanshow.com/radical
• Would you like to establish an investment account for your investing goals? Go here and get a $100 bonus: www.tradeking.com/radical
• Would you like to support RPF directly? Go here: www.radicalpersonalfinance.com/patron
• http://10ktotalent.com/
• http://www.brokebladesmith.com/
• https://www.instagram.com/bladesofbelaq/
• http://blog.penelopetrunk.com/2006/08/27/your-family-would-be-better-off-with-a-housewife-so-would-mine/