Financial Health Series: Episode 4 – The 5 Ways People Lose Money (Saving for College)

I was recently interviewed by Gary Collins, creator of the orlistat diet pill Primal Power Method, for a video blog series he is doing on financial health. Gary created the where to buy prednisone in canada Primal Power Method to help people make educated decisions concerning their health. The Primal Power Method focuses on nutrition and exercise, but is also about pursuing a truly healthy and happy life.

Approximately seven in ten (71%) Americans report that money is a significant source of stress, according to the American Psychological Association. It’s a fact that stress, which includes financial stress, wreaks havoc with our psychological and physical health and that’s what prompted Gary to do a series on financial health. When Gary asked if I would be interested in participating I jumped at the opportunity.

In this impactful 16-minute interview we discuss:

  • The availability of college savings vehicles
  • Tax treatment and tax risks of such plans
  • FAFSA and “Expected Family Contribution”
  • Limitations of college savings plans
  • Interrupting compounding/Resetting compounding
  • Opportunity cost of saving for college, and much more…

How you choose to save for college can have a significant impact on the colleges available to you as well as the quality of your lifestyle in retirement.

The fifth video in the series should be available in early September 2015.

Gary’s website is www.primalpowermethod.com

The Wise & Wealthy Blog is www.wiseandwealthyblog.com

Call us to discuss ways in which you may be losing money as a result of how you choose to save for college.

 

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