To invest, or not to invest in your child’s college education?

by Alexis Stuart
Credit Whisperer®

It takes more than a degree to be hired in your chosen field!

An excellent credit record is the key!

Parents, think before you pay for your child’s college education. A degree will not do all it should for your child if he / she has a bad credit record.

If your child is not willing to build and protect their credit, should you be willing to pay for their college education? Better yet, should your child go into big debt with school loans if they are not willing to build and protect their credit?

You must have an excellent credit record to get a job. Yes, employers are now running a credit check on applicants. If you have a bad credit record, they may not consider you for the job.

Anyone who has CREDIT POWER will benefit their entire life and have advantages not available to a person with mediocre credit or bad credit.

Remember, if your children decide to bypass building and maintaining a good credit record, your childrens’ friends that get this information may be passing them by!

Your children will be more successful and have a less stressful life if they invest at least two hours a week building credit power.

Buying things you want only prevents you from obtaining things you really need. Teach your children to prioritize their purchases to invest in tools they need for work and school, not things they want.

Give your children the list of steps below to help them prioritize their purchases:

Steps to Follow to Help You Prioritize your Purchases

Step one:
Make a list of everything you want now and in the future.

Step two:
Make a list of everything you need immediately and in the future.

Step three:
Prioritize each item on each list. Start with number one to designate the most important item.

Step three:
Make a note as to the immediate benefit each item will bring.

Step four:
Make a note as to which functions the item will benefit. (Such as business, school, etc.)

Step five:
Make a note as to whether the item is a tool to increase your income.

Step six:
Research the cost and whether or not you can afford each item.

Step seven:
Present your list to three people you respect and ask them which item they suggest you purchase first.

Step eight:
Evaluate the suggestions you received and make a decision on the most important item to purchase.

Step nine:
If you made the decision to purchase something you want, rather than need, you should start all over.

Step ten:
After realizing that you should be buying something you need, not want, check your finances, and then compare prices and purchase the item.

In the current financial crisis our country is in, and the lack of jobs, it is very important to think before to invest in an expensive college education. Most people know at least one person out of work who cannot find a job, or even you may be out of work.

If you make the decision to invest in a college education, choose a field where you can be your own boss. This will increase your chances of succeeding and rely less on other people. Starting your own business providing a service or consulting allows you to charge for your time with a lower overhead.

Remember, think before you invest. You or your children do not want to end up with a $100,000.00 school loan to pay off when you cannot find a good paying job.


Bio

Alexis Stuart, the Credit Whisperer®, Author of “CAPITALIZE on CREDIT POWER” and other educational material used by Credit Power Educational Foundation, Inc.

Alexis Stuart, is originally from Owensboro, Kentucky. Currently, she lives on the Central Coast of California. In her early career, Alexis was an officer in the following businesses: tenant screening; collection agency; process serving; private in investigation; eviction service; safe and lock sales and service.

Today, Alexis owns Music Biz, a musical instrument store in Santa Rosa, CA;
In House Homes & Loans; Credit Power Lending Group; PowerHouse Commercial; Alexis Stuart Enterprises; all located in Nipomo, CA.

Alexis is a California licensed real estate broker, mortgage broker, credit coach, and mediator. She is an active member of the CAR, NAR and a Mortgage Loan Originator (MLO) licensed through the National Mortgage Licensing System and Registry (NMLS).


For additional information go to:

www.creditwhisperer.com/GraduationGift.htm
www.creditwhisperer.com
www.thinkb4ubuy.com
www.creditpower4all.org

© 2011 Credit Whisperer®