[DMCForum] Re: Paying for college
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[DMCForum] Re: Paying for college
- From: "Mike Walsh" <yahoo@xxxxxxxxxxxxxx>
- Date: Mon, 23 Aug 2004 16:50:15 -0000
A good friend of mine did something similar. After he had his first
kid he decided to "invest" in a huge insurance policy which meant
refinancing the mortgage. I told him insurance was meant to replace
your income if you die, not to make someone an instant millionaire at
your expense.
I know the idea is to allow kids opportunities that the parents did
not have, but one of those opportunities is the ability to sustain
yourself and that almost anything is possible if you want it bad
enough (that's how I am driving a Delorean!).
- Mike
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