Quiet Wealth

In this episode, Julie Crawford tells us how she's been investing in her 40s, how she got started and where she gets her confidence in making decisions on her investing journey. 

Julie Crawford is a wife, married to her college sweetheart, and mother of two teenagers. Her husband’s career allowed her to stay at home with their children for the last 12 years while they relocated around the country. In January of 2020 she started investing her husband's W-2 income into real estate to help save on taxes. She has built her portfolio to 38 doors and counting in 3 years. Julie invests in single family, multifamily and short term rentals while living out of state. Julie is looking to grow into the larger multifamily space this year. 

In this Episode:

[00:00 - 11:42] 
• We welcome Julie Crawford to the Quiet Wealth Podcast
• Not getting anything signed was a great lesson on what not to do
• Why she turned away from her 401k or a mutual fund
• What she did after her first awful experience on her investing journey
• Putting 10 properties under contract in the month of December last year

 [11:45 -23:34]
• Why did she have to wear a hazmat suit on one of her properties?
• Julie on the difference if she were to invest in her 30s and 20s from now
• Realizing that time is not infinite and making intentional steps
• The exact steps she will take or advice she will give
• The current state of the economy and why it all comes down to the numbers
• Recommended resources to someone who wants to start investing
• See you on the next episode
 
Build Wealth |  Create Impact | Leave A Legacy
 
Connect with Julie Crawford:                                            https://www.instagram.com/happy_housewife_investor/ https://www.linkedin.com/in/julie-crawford-3b2372206/   [email protected]

Episode Highlight:
  
"Fighting through the fear a little bit and just believing in my team and myself too, that's a big part. And just surrounding yourself with people who are going to help you through the process."-Julie Crawford

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts and across other platforms! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! https://steadystreaminvestments.com/masterclass/

Follow us on
https://www.facebook.com/steadystreaminvestments
https://www.instagram.com/quietwealthcommunity/
https://www.tiktok.com/@quietwealth
https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ
https://www.linkedin.com/company/steady-stream-investments   

NEW TO THE SHOW?

Browse through all of our episodes here
https://steadystreaminvestments.com/podcast 

 P.S. We at the Quiet Wealth Podcast are excited you’re here!

===

Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! 

https://steadystreaminvestments.com/masterclass/

Follow us at

https://www.facebook.com/steadystreaminvestments

https://www.instagram.com/quietwealthcommunity/

https://www.tiktok.com/@quietwealth

https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ

https://www.linkedin.com/company/steady-stream-investments 

Investing in your 40s can be a great time to start building wealth through multifamily syndication real estate. By taking the time to educate yourself on financial principles and property management, you can make informed decisions about where to invest and how to maximize your returns. This form of investing offers a unique opportunity to be a passive investor while still having the potential to earn a significant return on investment.

In this episode our amazing guest Emma Powell shares her journey on how with careful planning, disciplined investing, and a commitment to continued learning, multifamily syndication real estate can be an excellent way to secure your financial future and reach your financial goals. Get ready to build & share the wealth, let's dive in.

[00:00 - 22:06] 
• We welcome Emma Powell to the Quiet Wealth Podcast. 
• A little bit about her background and how Emma started investing in real estate.
• What sparked her interest in investing and retirement at 10 years old?
• Where does she invest today and why?
• Emma on serving people well and getting paid well for it.
• Being an investor trapped in an entrepreneur's body.
• Focusing on cashflow investing. 
• Why it's important not to confuse confidence with action-taking.
 
 [22:10 - 28:32] 
• Should one start with DIY?
• Surround yourself with groups of people.
• Emma's investing club and what it does for its members. 
• How she's setting her kids up for future financial success.
• 3 action steps that women in their 40s can immediately apply to up their investing game.
• See you on the next episode.

Build Wealth |  Create Impact | Leave A Legacy
 
 Connect with Emma Powell:

Website - https://www.highrise.group/
LinkedIn - https://www.linkedin.com/in/emmapowel…
Facebook - https://www.facebook.com/groups/passi…
Facebook Group - https://www.facebook.com/groups/passi…
Instagram - https://www.instagram.com/emmapowell.28/ 

 Episode Highlight:
"We are going to serve people well and we are going to be paid well for it."
"It's important not to confuse confidence with action taking." -Emma Powell
  

HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts and across other platforms! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 

Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! https://steadystreaminvestments.com/masterclass/

Follow us on
https://www.facebook.com/steadystreaminvestments
https://www.instagram.com/quietwealthcommunity/
https://www.tiktok.com/@quietwealth
https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ
https://www.linkedin.com/company/steady-stream-investments 

NEW TO THE SHOW?

Browse through all of our episodes here
https://steadystreaminvestments.com/podcast 
 
P.S. We at the Quiet Wealth Podcast are excited you’re here!

===

Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! 

https://steadystreaminvestments.com/masterclass/

Follow us at

https://www.facebook.com/steadystreaminvestments

https://www.instagram.com/quietwealthcommunity/

https://www.tiktok.com/@quietwealth

https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ

https://www.linkedin.com/company/steady-stream-investments 

Real estate investing can be a very lucrative and rewarding way to recoup some of your retirement savings. For many investors, starting a real estate investing business in their 30s is one of the best alternatives to working less as one gets older. This is because when people get into their 40s they still have a job but also get offered fewer opportunities for promotions and pay raises. Additionally, real estate investing can be appealing to those in their 30s who, like everybody else, will someday want to retire.

In this episode we welcome Chelsea Garber as she tells her story on discovering different ways to earn money that open doors to opportunities and to giving back. Get ready to build & share the wealth, let's dive in.

[00:00 - 16:54]
• We welcome Chelsea Garber to the Quiet Wealth Podcast.
• Chelsea, her background before investing in real estate.
• Being hands-on and creative as a designer real estate investor.
• Chelsea on how she started ROI by Design.
• How design has been a huge part of her real estate investing journey that allows her to achieve full circle moments with the residents and investors.
• Making our tenants our priority. How her deeper "WHY" has changed.
• The decision point in her early 20s to start investing.
• Realizing how much money you are reinvesting

[16:57 - 28:32]
• Starting somewhere at some point. Being comfortable asking questions.
• Not going with financial advisors and just following her father's advice for her
• Taking back control and making these important financial decisions.
• Overcoming the lack of confidence.
• The difference between investing in your 20s and then in your 30s and as you go on and age.
• Her top 3 tips for investing in your 30s.
• See you on the next episode.

 Build Wealth |  Create Impact | Leave A Legacy
 
 Connect with Chelsea Garber:
www.linkedin.com/in/chelsea-garber/
www.facebook.com/TheChelseaGarber
www.instagram.com/roibydesign
www.ROI-ByDesign.com

 Episode Highlight:
 
 "When tenants feel really good about where they live, they're willing to pay a little bit more money for rent. They're gonna tell their friends, they're going to extend their contracts. That does well for the property. It does well for the investors. It does well for the owners. So it is really a holistic approach that is also profitable."
 -Chelsea Garber 
 

Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! https://steadystreaminvestments.com/masterclass/

Follow us on 

https://www.facebook.com/steadystreaminvestments
https://www.instagram.com/quietwealthcommunity/
https://www.tiktok.com/@quietwealth
https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ
https://www.linkedin.com/company/steady-stream-investments 

NEW TO THE SHOW?

Browse through all of our episodes here
https://steadystreaminvestments.com/podcast 

 P.S. We at the Quiet Wealth Podcast are excited you’re

===

Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! 

https://steadystreaminvestments.com/masterclass/

Follow us at

https://www.facebook.com/steadystreaminvestments

https://www.instagram.com/quietwealthcommunity/

https://www.tiktok.com/@quietwealth

https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ

https://www.linkedin.com/company/steady-stream-investments 

There are many reasons to invest in real estate. In addition to its low-risk and consistent returns, it's a way to diversify your portfolio of investments, it can help you build a path towards early retirement, and it can provide you with passive income for life. 

So the question isn't whether or not you should invest in real estate, but when you should start so that you can reap the maximum benefits from investing. As your career and family situation develops, what may at first seem like a distant dream can become a reality. 

In this episode we are joined by Suzy Sevier as she shares why with the right help, you'll be able to begin investing in your 30s and reap the profits for many years to come. Get ready to build & share the wealth, let's dive in.

In this Episode:

 [00:00 - 11:56] 
• We welcome Suzy Sevier to the Quiet Wealth Podcast
• Why Suzy didn't just stick with the 401k and the financial advisor plan
 • Why the stock market wasn't for Suzy
 • Sharing financial knowledge
• The confidence you need to not rely on the job right now

 [11:57 - 39:26]
• The main action steps she took after getting the knowledge she needed
• Why she did not get her own rental
• Choosing multifamily real estate investing over single family
• Pros and cons of active and passive investors of apartment complexes
• Focusing on a different ROI return on impact
• Best advice that she has for people who are in their thirties who want to get into being a real investor
• See you on the next episode.

Build Wealth |  Create Impact | Leave A Legacy
 
Connect with Suzy Sevier:
https://adventurousrei.com/
https://www.facebook.com/adventurousREI
https://www.instagram.com/adventurous.rei/
https://www.linkedin.com/company/adventurous-real-estate-investors/about/

Episode Highlight:
 "How much time are you willing to put into the education to learn how to have the confidence to not just rely on the job that you have right now?" -Suzy Sevier
 

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts and across other platforms! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Are you ready to try passive investing in real estate? Get access to my free Passive Investing Masterclass! https://steadystreaminvestments.com/masterclass/

Follow us on 

https://www.facebook.com/steadystreaminvestments https://www.instagram.com/quietwealthcommunity/ https://www.tiktok.com/@quietwealth https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ https://www.linkedin.com/company/steady-stream-investments 

NEW TO THE SHOW?

Browse through all of our episodes here

https://steadystreaminvestments.com/podcast 

P.S. We at the Quiet Wealth Podcast are excited you’re here!

===

Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! 

https://steadystreaminvestments.com/masterclass/

Follow us at

https://www.facebook.com/steadystreaminvestments

https://www.instagram.com/quietwealthcommunity/

https://www.tiktok.com/@quietwealth

https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ

https://www.linkedin.com/company/steady-stream-investments 

Starting to invest in your 20s is a smart decision for several reasons. One of these is that time is on your side: The earlier you start investing, the more time your money has to grow. Compound interest can work in your favor over time, helping you build wealth.

But how can someone really invest in their 20's could really be a daunting task.

 In this episode of the Quiet Wealth we will be joined by my eldest daughter Tyla Jeffs as we share how she starting to build her own wealth in her 20s'. Get Ready to build & share the wealth, let's Dive in.

In this Episode:

[00:00 - 12:16] 
• We welcome my eldest daughter to the show Tyla Jeffs.
• Budgeting and what is like to be at their 20's today.
• A little bit of background how she is started investing.
• Having a credit card as a 20 yr old? 

• Sharing financial knowledge with my friends.
 
 [12:18 - 23:24] 
 • Investing and thinking not having that much. What Tyla is looking forward to.  
 • Having a job should 

• Buying her own real estate at the property
 • Different levels of risk in investing. 
 • Don’t be scared of debt there a lot of ways to get out but you must start now.
 
 [23:35 - 29:03] 

• Trading your time for money or maximizing the amount of money made with the least amount of time.
• Actionable things that you can do In your 20's.
• See you on the next Episode.
 

 Build Wealth |  Create Impact | Leave A Legacy
 
 
Episode Highlight:
  
 "You don't wanna be trading your time for money. Instead, you want to maximize the amount of money you're making with the least amount of time.." 
 -Tyla Jeffs

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts and across other platforms! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Interested in learning more? Grab my FREE guide From Toddlers to Teens: A guide to teaching kids about money. https://camillajeffs.com/from-toddler-to-teens/ 

Follow us on 

https://www.facebook.com/steadystreaminvestments 

https://www.instagram.com/quietwealthcommunity/ 

https://www.tiktok.com/@quietwealth 

https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ 

https://www.linkedin.com/company/steady-stream-investments 

NEW TO THE SHOW?

Browse through all of our episodes here

https://steadystreaminvestments.com/podcast 

P.S. We at the Quiet Wealth Podcast are excited you’re here!

===

Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! 

https://steadystreaminvestments.com/masterclass/

Follow us at

https://www.facebook.com/steadystreaminvestments

https://www.instagram.com/quietwealthcommunity/

https://www.tiktok.com/@quietwealth

https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ

https://www.linkedin.com/company/steady-stream-investments 

There is a big difference between being an investor and being a spectator. A spectator is someone who watches from the sidelines as others take action. An investor, on the other hand, is someone who actively participates in the market and takes calculated risks in order to potentially earn rewards. .

In this episode I will share with you five steps you can follow and why you should be an investor, not a spectator. Get ready to build & share the wealth, let's dive in.

In this Episode:

 [00:00 - 07:26]
• Welcome to the Quiet Wealth Podcast.
• Actually playing the game VS knowing the best way to win a game from the sidelines
• Market bubbles and reasons college fees are so high right now
• 5 Steps that you could do to get into the game
• Recap,  see you on the next episode
 
Build Wealth |  Create Impact | Leave A Legacy
 
 
Episode Highlight:
  
 "Don't trust somebody else to do it all for you. You can't build true wealth by simply being a 401K investor. It's gonna take a lot more effort than that and you need to make sure that you're willing to put in the effort to get there." 
 -Camilla Jeffs

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts and across other platforms! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Interested in learning more? Access my FREE masterclass: Passive Investing Masterclass here https://steadystreaminvestments.com/masterclass/

Follow us at 

https://www.facebook.com/steadystreaminvestments 

https://www.instagram.com/quietwealthcommunity/ 

https://www.tiktok.com/@quietwealth 

https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ 

https://www.linkedin.com/company/steady-stream-investments 

NEW TO THE SHOW?

Browse through all of our episodes here

https://steadystreaminvestments.com/podcast 

P.S. We at the Quiet Wealth Podcast are excited you’re here!

===

Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! 

https://steadystreaminvestments.com/masterclass/

Follow us at

https://www.facebook.com/steadystreaminvestments

https://www.instagram.com/quietwealthcommunity/

https://www.tiktok.com/@quietwealth

https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ

https://www.linkedin.com/company/steady-stream-investments 

Allison Bridges is an experienced  Multifamily Real Estate Investor. She is the founder of Living Modern Rentals and also the owner of Curl Evolution, Long Island's most acclaimed Curly Salon with over 3000 five-star reviews.  Additionally, she is the creator of Curlfection hair care products, designed to make styling curls effortless, and the author of Trade Secrets of the Successful Hairstylist. 

After apprenticing at Vidal Sassoon in Manhattan to acquire technical hairstyling skills, Bridges moved her career to Long Island and opened her first salon, Evolutions Hair Salon, in 2006. In her free time, she loves spending time with her husband and three children.
 
In this episode of the Quiet Wealth our special guest Allison Bridges shares how she went from buying her own hair salon and hair product line to owning multiple real estate investments. Get ready to build & share the wealth, let's dive in.

[00:00 - 12:18]
• Welcome  Allison Bridges to the Quiet Wealth Podcast.
• Her business-building journey and real estate investing.
• Getting kicked out of school, became a hair stylist to buying her own business.
• What were her first moves after buying the business, and how did she know which one to take?
• Where did the idea of buying her business come from?
 
[12:19 - 21:11]
• When did she start investing in real estate?
• Her first real estate investment.
• Realizing that her current investments were not cash-flowing.
• Allison on investing in syndications, funds and mobile home parks.
   
[21:12 - 33:12] 
• Pros & cons of passive and active investing and what Allison prefers right now.
• Why she did not stay in the stock market.
• Being a confident woman who owns multiple businesses.
• Teaching the next generation. Money mindsets that she instills to her children.
• Fundamental investing.
 

 Build Wealth |  Create Impact | Leave A Legacy
 
 Connect with Allison Bridges
https://linktr.ee/livingmodernrentals
https://www.living-modern-rentals.com/

Episode Highlight Quote:
 "Sometimes you're better off keeping your mouth shut. You don't have to convince anybody else until they see your actions and what you're actually doing." 
-Allison Bridges
 

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts and across other platforms! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Interested in learning more? Grab my free download From Toddlers to Teens! https://camillajeffs.com/from-toddler-to-teens/
 

Follow us on
https://www.facebook.com/steadystreaminvestments
https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ
https://www.linkedin.com/company/steady-stream-investments

 NEW TO THE SHOW?
Browse through all of our episodes here
https://steadystreaminvestments.com/podcast

P.S. We at the Quiet Wealth Podcast are excited you’re here!

===

Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! 

https://steadystreaminvestments.com/masterclass/

Follow us at

https://www.facebook.com/steadystreaminvestments

https://www.instagram.com/quietwealthcommunity/

https://www.tiktok.com/@quietwealth

https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ

https://www.linkedin.com/company/steady-stream-investments 

Unless you've been building up a college fund since your child was very young, you probably don't have the money to cover cost of tuition and room and board at some four year university or college. The average cost of tuition, fees, room and board for the typical four year college was $25,707 during the 2022 - 2023 school year, and that's the price for in-state students.

The cost for out-of-state students averaged 43,421. Now, let's put this in perspective. The average US household income is 63,200. So it's little wonder that American parents really struggle with footing the bill for child's college education. And some can't afford to pay a single dollar for college costs.

In this episode of the Quiet Wealth we will talk about what to do when you can't pay for your kids' college. Get ready to build & share the wealth, let's dive in.

In this Episode:

 
[00:00 - 07:16] 
• Welcome to the Quiet Wealth Podcast.
• Why parents are struggling to prepare for your children's college.
• Market bubbles and reasons college fees are so high right now.
• Is college even worth paying for and should you consider the value that you're getting what you're paying for.
• Have you tried googling "how to help your kid to pay for college?"

[07:18 ]
• As parents what can we do?
• Student loans and why you just have to stay out of it.
• Reasons not to pay for college.
•  The decision to go to college should be theirs not yours.
• College should not reflect the way to find themselves.
• Don’t take loans for your kids college.
 
[15:34]
• Things you can do to help them pay for college.   
• Search for scholarships.
• Consider tuition free colleges.
• Review tuition costs at technical colleges or junior colleges.
• Talk about other options with your child.
• Parents can prepare their children to make very smart decisions.
• Recap, See you on the next episode.
 
Build Wealth |  Create Impact | Leave A Legacy
 
 Episode Highlight:
  
 "The most predictable thing in life is that it's unpredictable. And it's really a great life lesson for our kids to learn because life is not linear and it rarely goes as planned." 
 -Camilla Jeffs

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts and across other platforms! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Interested in learning more? Join my free Kids & Cash Masterclass! https://camillajeffs.com/kids-and-cash/
 

Follow us on
https://www.facebook.com/steadystreaminvestments
https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ
https://www.linkedin.com/company/steady-stream-investments

 
NEW TO THE SHOW?
Browse through all of our episodes here
https://steadystreaminvestments.com/podcast

P.S. We at the Quiet Wealth Podcast are excited you’re here!

===

Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! 

https://steadystreaminvestments.com/masterclass/

Follow us at

https://www.facebook.com/steadystreaminvestments

https://www.instagram.com/quietwealthcommunity/

https://www.tiktok.com/@quietwealth

https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ

https://www.linkedin.com/company/steady-stream-investments 

In this episode of the Quiet Wealth I'm sharing my top 5 favorite books on money for teens and how it could set them up for financial success. Get ready to build & share the wealth, let's dive in.

In this Episode: 

 [00:00 - 06:56] • Welcome to the Quiet Wealth Podcast.
 • How to get teens to read these books?
 • My top 5 favorite books on money for teens:

1.   The Five Lessons A Millionaire Taught Me About Life and Wealth by Richard Paul Evans. 
• Decide to be wealthy.
• Take responsibility for your money.
• Keep a portion of everything you earn.
• Winning in the margins. 
• Give back the fantastic opportunity that you will have if you continue on this wealth journey to give back to those around you who need your help. 

 [06:57]
2.  Rich Dad Poor Dad by Robert Kiosaki. 
• Amazing concepts in this book and one of them is tax advantages and much more.
•  The book will remind you why you can't count on our school system.
• Launching of my new masterclass Kids in Cash, it's January 23rd.
 
[13:08] 
3. Opt-Out, Rethink Success, Reinvent Rich, Realize the Life you Want by Dina Robinson.
• One of the book's topics talking about different ways how you can do side gigs.
 
[15.49] 
4. Debt Free Degree by Anthony O'Neil.  
• Why student loans are not good investments.
• Helping kids get to where they want to be with no debt.

 [18:22 - 21:20] 

5. How to Turn $100 into 1 million Dollars and it's by James McKenna, Janine Glisa with Matt Fontain.
• Focused on save to invest concept and financial tools.
•  Fun book that really helps kids to start thinking about money in a different way.
• Recap, See you on the next Episode.

 Build Wealth |  Create Impact | Leave A Legacy
 
Episode Highlight :

"You must take responsibility for your financial life, but life is not about money. It's about living." -Camilla Jeffs

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts and across other platforms! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Interested in learning more? Join my free Kids & Cash Masterclass! https://camillajeffs.com/kids-and-cash/
 

Follow us on
https://www.facebook.com/steadystreaminvestments
https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ
https://www.linkedin.com/company/steady-stream-investments

 
NEW TO THE SHOW?
Browse through all of our episodes here
https://steadystreaminvestments.com/podcast

P.S. We at the Quiet Wealth Podcast are excited you’re here!

===

Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! 

https://steadystreaminvestments.com/masterclass/

Follow us at

https://www.facebook.com/steadystreaminvestments

https://www.instagram.com/quietwealthcommunity/

https://www.tiktok.com/@quietwealth

https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ

https://www.linkedin.com/company/steady-stream-investments 

There are a lot of reasons why people choose not to have a 529 plan for their kids. For one, it can be a lot of work to set up and manage. Additionally, there are other ways to save for college, such as through a Roth IRA or other investment account. Finally, some people simply don't like the idea of having their money tied up in one place.

In this episode of the Quiet Wealth I will talk about why we don't have a 529 plan for our kids. For us, we want them to know that they can go wherever they want and that we will support them financially no matter what. Ultimately, the decision of whether or not to have a 529 plan is a personal one. There are pros and cons to both sides, and you should do what feels right for you and your family. Get ready to build & share the wealth, let's dive in.

In this Episode:

[00:00 - 05:42] • Welcome to the Quiet Wealth Podcast.
• How you do not have to pay for your children's college. 
• A 529 plan and what it does? Pros& Cons Savings Plan vs Pre-paid Tuition plans 
• The cost of college has even grown faster than inflation. The plans are restrictive.

[05:43] 
• How we decided that one of my daughters will not go to a regular collegiate institution.
• Reasons why a 529 plan is a bad idea for you and your child. 
• The decision of your child would heavily affect your 529 plan. 
• The 529 plan penalty fees is double the amount that you would pay then a mutual fund.
• It could hurt your child's chances of getting financial aid.
   
[10:30] 
• Alternatives for 529 plan.

• Savings plan.
• ROTH - IRA
• Custodial Account - UGMA / UTMA
• Brokerage Account
• Real Estate

• How to get a degree in medicine without paying student loans?

[15:03 - 17:01] • The most important thing that you can give your children is not to take care of you in retirement. See you on the next Episode.
 
Build Wealth |  Create Impact | Leave A Legacy
 
 
Episode Highlight :
  
" The two of the best gifts you can give them rather than paying for their college, 
is prioritize your own financial journey and gift them financial education.."
 -Camilla Jeffs

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Interested in learning about even more? Join my free Kids & Cash Masterclass! https://camillajeffs.com/kids-and-cash/
 

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