“We will either find a way or make one.” ~ Hannibal
I had my last child when I was fifty.. I found myself on the receiving end of lots of ribbing from friends and colleagues. They expected me to work like a galley slave trying to come up with money to put my kid through college while they enjoyed retirement. My response came as a bit of surprise as I was not going to save ANY money to pay for that expense. I shared that I had purchased two rental houses and those properties were dedicated to pay for college expenses. I could read an amortization table and knew they would be paid for when college came. My TENANTS would pay for his education rather than me trying to save a large chunk of cash. Apparently, they did not find it funny, because no one laughed. However, I did see a few looking at me with a, “wish I had thought of that” expression on their face. Getting a property and having enough time for it to work can make a huge difference. Let someone else pay for your child’s education and you’re another step closer towards “getting a life”.
“The eagle does not break the back of its prey with strength but rather with its timing.” ~ Sun Tzu