How does a small business owner pay for their children’s college?  With many private colleges approaching $50K a year, it is becoming outrageous!

A few facts: While health care has only increased 600% , college tuition has increased by 1000% last 30 years.  While credit card debt now stands $8260B, college debt has finally exceeded it at $829B for the first time ($300B in the last 3 years alone).  When interest rates were 8% and your investment would double every 4 years, it was easier to put money away when your child was born and voila, you had $200K by the time they turned 18.  With interest rates at 1%, it now takes 72 years to double your money.  Additionally with the 2008 stock market crash, much of that money is gone.  Fifty percent of small business owners have not put enough money away for our retirement.

As business owners, do we need to choose between sending our children to college and funding our retirement?

This podcast talks about the biggest hoax on American business owners there has ever been: the cost of college education.  If you ever questioned if people buy when they’re in pain, look no further than parents laying out $200K in cash and debt so their children can have “a better life” without much research.

Today’s show on Business Insanity Talk Radio, we try to stop the insanity!  It is focused on how you can send your child to private college without sacrificing your retirement.  My guest is Tim Higgins, author of a must read book, Pay for College Without Sacrificing Your Retirement: A Guide to Your Financial Future (affiliate link).  Tim is a Certified Financial Planner, a Chartered Financial Consultant and a Certified College Specialist.  I have read his book cover to cover.  If you have a high school junior or senior, you must listen to this broadcast.

Listen the the show!