To College or Not to College. Pt2

To College or Not to College

Part Two

TO COLLEGE

There are a few professions where having a college degree is required by law. Any field in the medical fields (doctor, nurse, etc), teachers, professors, lawyers, psychologist, certain counseling fields, and many others. If you are aware of what you want to do with your life research and see if you are required a degree. If the answer is yes, unless you want to be in prison than go to college. For those who realize no law states they need a degree than go to the second section, if you do not find another option you want to take than come back to section one.

So you’re going to college. For some of you it’s an option for others it’s the law. Either or there are many options that are not given to you as far as college goes. Before we talk about choosing a college and degree let’s first discuss payment. I am not sure why, but Americans make a huge deal about college, but don’t prepare for it. If you know you want your child to go to college, than why don’t you financially prepare for it? That is not smart. So let’s talk financial preparation. There are many options you need to know about.

TO THE PARENTS

Once you know for sure you want to have children (even if you are childless) that is the time to start preparing for college. Open a savings account and never touch it. The good thing about it is if you do not have children or they choose not to go to college (because they read section two of this book) then at least you have money on the side for whatever you want. There are many different accounts you can open (That you do NOT touch): Savings Bonds, CDs, Money Market Mutual Funds, US Treasury Bills, US Treasury Notes, Treasury Bonds, Stock Mutual Funds, and many more (Do your research.) The main thing is DO not touch it. Just make deposits at least once a week, $100, $10, $1, or even $0.01, but make sure you are making deposits on the regular. Now let’s say you just got pregnant, start the account. Well the child is three years old, than start the account. Do not wait until they are 17 to start thinking about money for college. Even when they are just a tinkle in your eye start saving. The good thing about this account there is no law that says you have to use it for college. This way if your child ends up on a free ride to college (scholarships) than you have extra money for either your retirement or a vacation. There are also saving accounts you can start by…