Now don’t get me wrong. I think when you are young, college is an invaluable tool towards gaining a great career. So no, I am not knocking a good college education. I have every intention of my children attending college or a vocational school.
But, if your are going to college to make lots of money in the future, there is a much simplier way to do accomplish this goal. Time and dedication.
What to do: Put away $450 a month (you know that typical car payment?) into an interest bearing mutual fund averaging 12 percent (the seventy-year stock market average) from the age 25 to the age of 65 and you will have $5,458,854.45.
I really wish someone told me this plain and simple advice when I was younger!