College Is Expensive. Here’s How Smart Parents Plan for It.
2/23/202613 min
Four-year college isn’t the default anymore… but saving for your kid’s future absolutely is.
Today, Nicole breaks down the modern playbook for affording college whether your kid is a newborn, or if they’re applying to colleges now. This is your simple guide to 529 plans, custodial accounts, Coverdells, prepaid tuition plans, and the newest government-backed savings option making headlines. If you’ve ever wondered, “What happens to a 529 plan if my kid doesn’t go to college?” Nicole will teach you a smart move there, too.
Check out Nicole’s financial literacy course The Money School <...
Transcript preview
First 90 secondsNicole Lapin· Host0:00
I'm about to head out on a trip for 10 whole days. I'm actually not going far from my home in LA. I wanted to minimize travel time and maximize leisure. I'm gonna put the out of office up on my inbox and retreat from the world to rest. I don't think I've ever gone away that long in my entire life, certainly not in the last 20 years. Honestly, it's a little scary. What will happen at work if I'm not always in my inbox and working on deals? As you can tell, I have a lot of anxiety about going, and guilt. One thing that helps me feel better about taking a break is that I know I can list my space on Airbnb while I'm away. Instead of sitting empty, your space can generate some extra income and help offset the cost of travel. It's a simple, practical way to make use of what you already have. If you've got upcoming travel plans, it's the perfect opportunity to list your space. And now hosting is easier than ever with Airbnb's co-host network. You can hire a vetted local co-host to take care of the details for you. A co-host can create your listing, manage reservations, handle guest communication, and even provide on-site support so the stay runs smoothly even when you're away. You get to share your space with someone traveling to your area while you're off making memories somewhere else. If you've considered