Stop putting money aside for college
Here the top 3 reasons why:
- Bill Gates is onboard - The internet has come of age. Today it contains vast amounts of high quality information, including the content of many of the top colleges in the world.
- Significant change is imminent - Between 2000 and 2006 Medicaid costs went up 62.6%. Higher Education tuition increased 63.4%. State budgets only 17.6%. Society is open to revolutionary solution(s).
- Startup community is busy at work - The education problem has been attracting many entrepreneurs (including yours truly) that see the great opportunities in this chaotic situation.
Bill Gates at the Techonomy Conference on August 6 2010 (video) |
Protests at UCLA about the 32% increase in CA tuitions |
Olexe is creating the business metaphors of the knowledge economy |
In summary, unless you or your kids need to go to college in the next five years, I would strongly recommend you invest the money otherwise. If you want an advice, I would suggest you save the money for your kids' first startup. That will become your retirement supplement. Pretty cool hey?
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