JW’s Financial Coaching Podcast Lesson #125-Prioritizing for your retirement or for your child’s education?

  • Most couples assume they need to sacrifice for child’s college fund
  • Benefits of doing each one
  • Do we need to pick one or the other?
  • The need to prioritize yourself over your children
  • Quote of the lesson from Chris Hogan


The topic of saving for our own retirement vs. saving for our child’s education has been on my mind a lot recently. That is because I’ve worked with a lot of couples who have children in college or are approaching college age and feel like they have to choose between funding their own retirement and funding their child’s education.

Today we dive into why doing each one of these things is important and share why if I had to choose between the two that funding my own retirement over my child’s education is the way to go.

I have seen so many couples get twisted up in their thinking and feel like their child’s education fund is the most important thing. Make no mistake, education is very important but so is funding your own retirement.

Other resources mentioned in today’s show

Six months after the digital release of A Tale of Two Houses on Amazon I’m excited to announce A Tale of Two Houses is now available as an audiobook.

In addition to narrating the entire unabridged version of A Tale of Two Houses I included 10 enhancement bonus chapters that are exclusive to the audiobook version. Each chapter expands on a concept covered in the book, including some old podcasts that I did with my wife, Lisa during our most recent home buying experience. The bonus enhancement chapters include:

  • Renting vs. Buying
  • Is a House an Investment or a Liability?
  • Three Things to Consider Before Buying a House
  • Where to NOT Get a Down Payment From
  • Seven Creative Ways to Come Up with a Down Payment
  • Getting Ready to Sell Our House with Guest Lisa White
  • We’re In Contract! With Guest Lisa White
  • Getting Ready to Move with Guest Lisa White
  • Wrapping Up the Whole Home Buying Experience with Guest Lisa White
  • The JW’s Manifesto on Money

The total time of the book is 4 hours and 50 minutes including the bonus enhancements. Like the digital version, I think the audio book will help you during your next home buying purchase or sale in ways that most books on real estate don’t cover.

Currently A Tale of Two Houses audio book can be purchased via the following ways.

  1. iTunes-Current price of $9.95
  2. Amazon-Current price of $9.95
  3. Audible-Current price of $14.95
  4. Podbean-Current price of $6.99-This is purchase directly through my podcast site. Once you purchase it you can download the file to your computer, phone, tablet, etc and listen at your leisure. It is the cheaper of the four because this is through my site which means I get to keep a bigger percentage of the price, which I pass that savings on to you.
  5. Audible membershipFree with a 30 day free trial. When you become a member you

In addition to the audiobook release I’m also excited to announce that the digital version of A Tale of Two Houses is now available through Barnes and Noble for those who own a Nook device.

Today’s quote of the lesson is brought to you by A Tale of Two Houses and is from Chris’ book Retire Inspired:

“Failing to plan is the same as planning to fail. You’ll never get where you want to go if you don’t plan your route; that’s true for road trips and retirement!”  ~ Chris Hogan

Enjoyed this lesson? If so, please consider taking a few minutes to leave a review of the show either in Stitcher SmartRadio, or iTunes. For a step by step video of how that works, please watch this video on how to leave a review in iTunes.

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