Congratulations! You have four years of tuition, room and board stashed away in your 529 plan, and your child hasn’t even graduated from high school yet. Now you can breathe easily, right? Well … maybe, maybe not.
Years ago, my family moved into a house that had a beautiful, large yard dotted with towering, willow oak trees. Unfortunately, a healthy dose of imagination was required to see the beauty in the space because it had been swallowed up by English ivy. Determined to reclaim my yard, I set about tearing out all …
A few weeks ago, I had a conversation with a recent college graduate who was preparing to buy his first car. He had an encyclopedic knowledge of every feature and option offered on each car he was considering and yet seemed unsure of the right choice. I asked what was the cause of his indecision and he said, “I know what I earn but I don’t know what I can spend” (did I mention he is a very smart, young man?).
Please enjoy our latest quarterly newsletter where we discuss various types of passions and the respective financial components, including traveling, leaving a legacy, helping others and serving our country, among others. As our CEO Rick Manske wrote, “We all know people who have passion. It is admirable and it can be boundless. I hope that you all know your passion. And if you are looking for it, I believe you’ll find it among your value set.”