A successful economist and mother of a five-year-old explains her decision to not save for her son's college education, emphasizing the importance of hard work and financial independence.
Why a 38-year-old earning a 6-figure salary doesn't have a college fund for her son: ‘I expect him to get his own money'takes great pride in her work ethic . It's how she's been able to obtain her Ph.D., secure a six-figure salary and purchase a small portfolio of investment properties all within the last 10 years.
Her son has quite a bit of time before he'll start thinking about whether or not he even wants to go to college, and Tello-Trillo says maybe she'll change her mind. But here's why she's not eager to start saving for his higher education just yet.Treasury yields nudge higher as investors assess growth outlook
"My husband and I worked really hard for our money. And both parents also did," she says."They show us that you have to work hard for money, so that's what I want to show ."in the future. She doesn't want him to slack off in life because he knows he has a fortune coming his way through an inheritance.
"Leave the children enough so that they can do anything, but not enough that they can do nothing," he said in a 2021
College Savings Financial Independence Work Ethic Parenting Inheritance
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