What my $25,000/year College Tuition Didn’t Teach Me
Apr24

What my $25,000/year College Tuition Didn’t Teach Me

It’s been about eight years since I graduated college. I was 22 at the time and excited to start my career. I started off working as a mortgage banker at a local Chicago bank getting paid a small monthly draw and commission. I know what most of you are thinking. Why would you go straight for commission based job right out of college? The short answer is that real estate has always been my passion. Luckily in college, I was able to...

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Teaching Your College-Aged Child About Money – 2 Guys and Your Money 45
Sep12

Teaching Your College-Aged Child About Money – 2 Guys and Your Money 45

Podcast: Play in new window | Download Subscribe to the podcast through iTunes and new episodes will show up every week! Never subscribed to a podcast before? Here’s Apple’s fantastic tutorial.  Would you rather listen on your smartphone? Try Stitcher or the iPhone podcast app. We’re available on both platforms. In the episode, OG & I discuss how we were both horrible with money while in college. We learned many...

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4 Tips to Pay Down Student Loan Debt
Aug21

4 Tips to Pay Down Student Loan Debt

I can’t think of a better way to start of one’s adult life than to do so with over $35,000 worth of debt, can you?  Doesn’t the idea of starting your career already knee-deep in the hole sound wonderful?  In the words of Lloyd Christmas from Dumb and Dumber, “mmm..that sounds good.  I’ll have that.” Or I won’t. The average college graduate now leaves college with over $35,000 worth of student...

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College Planning Strategy: A Creative (and Effective) Option
Jan22

College Planning Strategy: A Creative (and Effective) Option

Here’s a cool way one couple–we’ll call them Tim and Shelly–helped teach their children about responsibility AND made sure that none of their children were (in Tim’s words) the partier pumping the keg, hollering, “This one’s on my dad!” First, some background: Although Tim was an architect, you can imagine that the budget was stretched thin in a family of seven and saving for college was...

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Expected Family Contribution: Digging For (and Finding!) Financial Aid
Jan14

Expected Family Contribution: Digging For (and Finding!) Financial Aid

As you’re waiting for that perfect college to give you the nod, “Expected Family Contribution,” or EFC, is a key term you need to understand BEFORE filling out the FAFSA form (…and you should be filling out the FAFSA form NOW). Expected Family Contribution is the amount you’ll be expected to pay out of pocket toward your education. Here’s the simple formula: Cost of college – your need = Expected Family Contribution Sometimes...

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Want More Money For College? What the $%#! Are FAFSA and EFC?
Jan08

Want More Money For College? What the $%#! Are FAFSA and EFC?

Bill & Caitlin want to put their children through college, but like many people, they had other priorities. With three younger children, it’s been a difficult road to save for their oldest. Now Jennifer is a senior in high school, and they were in my office with the same look a football team has when they’re down by five points and have 50 yards to go with only 8 seconds left in the game.  Time for some drastic action. Luckily,...

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