“Its very expensive to change majors. It adds one year and $35,000 to $40,000. Get your children to graduate in four years.”
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“If you have two cars, drive the one that you own into the ground and lease the other one.”
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“If youre in an area where real estate is falling, theres nothing wrong with renting.”
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“Insurance is one thing you buy that you hope you will never use. Protect yourself against disaster. Get the biggest deductible you can stomach to keep your premiums low.”
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“Plan to finance your own retirement, help your parents and fund your childrens education.”
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“People ask me, Is it better to marry your money type or the opposite? Its probably better to do the opposite. Theres some conflict, but theres also some brakes and an accelerator, as opposed to having all brakes or all accelerator if youre the same.”
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“Most kids grow up and everythings taken care of for them, and they have no idea what money is used for.”
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“I would start with like $5 and go up each year an additional dollar based on their age.”
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