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Reply to "If your HHI is between 200-300k, how much will you have saved for college "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We had $138k fro my son. He is entering senior year of college and we have $80k left. We have $160K saved for my daughter (entering senior year of high school). [/quote] This is PP. We started at 85k HHI and saved $100 a month. We probably hit $200K when the kids were 14 and 10. We are at $260k. At the height of college savings we were putting in $1200/month. [/quote] NP here. We started at 25K HHI and saved $200 a month. I probably hit $2M in each 529 plan when the the kids were 14 and 10. I now have an HHI of 8 figures and a NW of 12 figures. BTW, we only own a used Toyota Civic with 7M miles on it. [/quote] I know you think this is funny but I was just trying to share the power of compounding interest and the power of saving with a lower HHI. I am not trying to set aside the fact that $1200/month is a decent savings later on, but a decent chunk of that money was earned very early on. I had my first way younger than anticipated and I doubt you have any clue what someone like me sacrificed. [/quote]
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