A $137,000 Mistake New Parents Are Making

About this episode

Jared discusses the financial implications of delaying education savings for children and presents a four-step action plan.

By the time kids born today are ready for university, a four year degree in Canada is projected to cost $137,490. In this episode Jared breaks down the exact dollar cost of waiting. Starting at birth versus starting at age 5 versus starting at age 10 with the same $200 a month investment produces wildly different outcomes. We cover RESPs, the Canada Education Savings Grant, index funds, compound interest, and a four step action plan you can start this week. Real numbers. Real data. No fluff. Instagram: @J.dulaba https://www.instagram.com/j.dulaba/ @jordandulaba https://www.instagram.com/jordandulaba/ In-Charge App https://app.inchargeapp.com/ref/jordandulaba/ Apply to work with us: https://docs.google.com/forms/d/1ZAWCYWojRwowp9a3m_ZAC-PxCz6Z_q1S-hv524Qrrcs/edit Book a 1:1 discovery call with Jared https://calendly.com/dulabajared/30min

People in this episode

Hosts: Jared, Jordan

Topics covered

• education savings
• investment strategies
• compound interest
• RESPs
• financial planning

Keywords

• education savings
• RESP
• Canada Education Savings Grant
• investment
• compound interest

Mentioned in this episode

Organizations: In-Charge App

Places: Canada

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