Ken Coleman
๐ค SpeakerAppearances Over Time
Podcast Appearances
I would go ahead and put that in each one of the kids' funds, and then I would start using the money you've been putting in out of your budget โ And I would just start moving down the baby steps from there. That's what I would do. Because I think it's going to come out. Put the 500 a month extra to the house. Yeah.
I would go ahead and put that in each one of the kids' funds, and then I would start using the money you've been putting in out of your budget โ And I would just start moving down the baby steps from there. That's what I would do. Because I think it's going to come out. Put the 500 a month extra to the house. Yeah.
Yeah, because I think then you're honoring grandma's request and you're creating, it's still cash flow. It's still the same. I mean, it's six of one half dozen another, but you're honoring grandma. Yeah, it's 60,000. But go ahead and put it in now. So go ahead and put the 70 in now. Yeah. And you're going to get the greater investment return on that. You see what I'm saying?
Yeah, because I think then you're honoring grandma's request and you're creating, it's still cash flow. It's still the same. I mean, it's six of one half dozen another, but you're honoring grandma. Yeah, it's 60,000. But go ahead and put it in now. So go ahead and put the 70 in now. Yeah. And you're going to get the greater investment return on that. You see what I'm saying?
Yeah, because I think then you're honoring grandma's request and you're creating, it's still cash flow. It's still the same. I mean, it's six of one half dozen another, but you're honoring grandma. Yeah, it's 60,000. But go ahead and put it in now. So go ahead and put the 70 in now. Yeah. And you're going to get the greater investment return on that. You see what I'm saying?
Yeah, because it's a chunk. And then from day one, let's say you put the $70,000 in now, then you guys start taking that $500,000 a month and you start using it towards paying off the house. That's what I would do. And that way I'm honoring grandmother. I'm getting the benefit of that investment by getting that $70,000 in now and early as opposed to $6,000, $6,000, $6,000. Yeah, yeah, yeah.
Yeah, because it's a chunk. And then from day one, let's say you put the $70,000 in now, then you guys start taking that $500,000 a month and you start using it towards paying off the house. That's what I would do. And that way I'm honoring grandmother. I'm getting the benefit of that investment by getting that $70,000 in now and early as opposed to $6,000, $6,000, $6,000. Yeah, yeah, yeah.
Yeah, because it's a chunk. And then from day one, let's say you put the $70,000 in now, then you guys start taking that $500,000 a month and you start using it towards paying off the house. That's what I would do. And that way I'm honoring grandmother. I'm getting the benefit of that investment by getting that $70,000 in now and early as opposed to $6,000, $6,000, $6,000. Yeah, yeah, yeah.
You're right, Ken. That's what I would do.
You're right, Ken. That's what I would do.
You're right, Ken. That's what I would do.
It does, but I would also say, I'm channeling Dave right now, that Dave Ramsey, when he'd go, what you have is going to be enough.
It does, but I would also say, I'm channeling Dave right now, that Dave Ramsey, when he'd go, what you have is going to be enough.
It does, but I would also say, I'm channeling Dave right now, that Dave Ramsey, when he'd go, what you have is going to be enough.
And the kids go, this is what we have. And so if each of them have 150, I feel pretty confident they're going to be able to get educated. Yes.
And the kids go, this is what we have. And so if each of them have 150, I feel pretty confident they're going to be able to get educated. Yes.
And the kids go, this is what we have. And so if each of them have 150, I feel pretty confident they're going to be able to get educated. Yes.
But they don't have an unlimited number. They don't go, well, Dad, I want to go to Harvard, and it's $80,000 a year. You can go tough cookies.
But they don't have an unlimited number. They don't go, well, Dad, I want to go to Harvard, and it's $80,000 a year. You can go tough cookies.
But they don't have an unlimited number. They don't go, well, Dad, I want to go to Harvard, and it's $80,000 a year. You can go tough cookies.