Most parents hope to create wealth to benefit their children. They dream of helping their children become successful, so they can pass prosperity on to the next generation, the grandkids, and so on. Unfortunately, today’s economy and the increasing burden of student debt may shrink or erase any legacy parents might create for their kids.
How many kids do you have, and how old are they?
I have two kids: identical twin girls. They are almost ten years old now.
What is your favorite family activity?
For us, the most important thing is to be together whatever we do! It can be traveling, going to the movie theater, or staying home. We really enjoy hanging out with friends who have kids as well.
College acceptance letter day: a moment every parent dreams of. The stress and anxiety of waiting are finally over, the hard work has paid off, and your kid has finally received the letter they’ve been waiting for. So your proud kid jumps up and down in excitement like a kangaroo and you feel as if you were on cloud nine! Congrats!
At the beginning of life, children are all very similar: weak, dependent, and helpless. But over the years with time and hard work, they transform into strong, independent, and thoughtful adults. People become who they are through three main factors: where they grow up, the people that surround them, and, most importantly, their education.
American students collectively carry more than $1.5 trillion in student loan debt while college expenses continue to rise rapidly every year. Many parents suffer the fate of witnessing their children graduate amid crippling debt. What steps can be taken to prevent this?