Sending kids to private schools can create financial strain and economic anxiety for parents. Instead, investing the tuition fees in low-cost index funds from an early age can potentially grow into millions by the time the child reaches 35, providing economic security and easing any setbacks in professional success. Studies show that proximity to home may be more beneficial for a child's education, allowing parents to reinvest time saved from commuting into sleep, homework, and play. By being disciplined and saving the tuition fees for private school, parents can secure their children's future financially, even if they opt for lower-cost education alternatives like public school or junior college.
Kara and Scott discuss the Senate's new AI "Roadmap to Legislation," the Biden administration's tariffs on Chinese EVs, and Mark Zuckerberg's 40th birthday bash. Then OpenAI and Google reveal their latest AI models and features. Should we be worried about our AI future? Plus, President Biden and former President Trump are set to face off in two debates — Kara is excited and Scott has concerns. Finally, a listener mail question on setting kids up for the financial road ahead.
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