Money Mastermind Show: Personal Finance | Investing | Retirement | Entrepreneurship

Want to stir up a crowd in a hurry?  Walk into a room and say, “I think that good parents owe it to their kids to help them pay for college.”  Rob Carrick – author of How Not to Move Back in with Your Parents and personal finance columnist for the Globe and Mail – joins us to help us sort out the facts and emotions behind financially supporting young adults as they head off to college or university. https://moneymastermindshow.com/episode5-how-much-should-you-pay-for-kids-college/ Key Takeaways From This Episode With rising school costs, is it essential that parents help their children pay for their post-secondary schooling? If parents want to financially help their kids, what is an appropriate or ideal amount of help? Should putting money away for your child’s education take priority over saving for your retirement? Is it realistic to assume young adults can still work their way through college or university? Is it right attach “strings” or expectations to financial help? Why communication about financial