Morgan Stanley’s Alix Magner Buys 30 Copies of LAUNCH For Her Clients

Below, the Top 9 Questions Parents Are Asking Me About This Book

LAUNCH

To see a list of the top 9 questions parents are asking me about LAUNCH —along with detailed answers—scroll to the red print below. 

When Morgan Stanley’s Alix Magner calls you, you sit up a little straighter in your chair.

Alix is a high-powered, Stanford educated wealth management advisor who works with Minneapolis area families who have millions in assets—and families who are strategizing to get to that point.

When Alix told me that she’d read my book cover-to-cover and wanted to buy 30 copies for her clients, I jumped out of my chair.

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5 Ways to Keep Kids From Living Off You in Their 20s (AUDIO)

Most parents worry at least occasionally: “What if these kids don’t find good jobs and become independent adults? What if they want to lie around on my couch until they’re 30?”

debt-free college podcast

Join me, Jeannie Burlowski, for episode 6 of the Launch Your Teens podcast, and you’ll learn the one sentence that savvy parents cheerfully drop into casual conversation, here and there, during the years their kids are ages 12–26. It’ll make you laugh—and it’ll create a firm boundary that just might save you later.

(14 min.)

Prefer to read the content I talk about in this podcast? There are Jeannie Burlowski articles on this same subject here and here.

The show notes for this episode are below.

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So, You’re Dipping Into a 529 College Savings Plan?

A college bill has just come due, and you think, “No problem! We’ve been saving up money in a 529 college savings plan, so let’s just dip into that!”

Wait, wait—wait just a second.

Here’s an important question to ask before you do.

529 college savings plan

Before dipping into a 529 college savings plan, ask yourself:

Where, exactly, should I have the 529 money sent?

Try not to have 529 college savings plan money sent straight to the college.

The reason, according to this article by CPA Joseph Hurley, founder of SavingForCollege.com, is that some colleges might treat 529 money as a “scholarship” and use it as an excuse to strip your son of some or all of the financial aid money he’s been awarded. Yikes!

Not every college will do this—but some will.

Before you take action, call the college financial aid office and ask this:

“If some money from a 529 college savings plan lands in my daughter’s account today, will that in any way diminish her financial aid award?”

Write down the answer you’re given, along with the name of the person you’ve spoken to.

If the college’s answer is yes, then transfer the 529 money to your own account first—and then on to the school.

I urge every parent with a 529 plan to read this cautionary article provided by SavingForCollege.com.

In it, you’ll learn:

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Tee Your Kids Up For Career Success (In Just 2 Min.)

You desperately want your kids to succeed academically in school and in college so they can have a shot at lifetime career success—but cajoling and hovering and pushing them is just so exhausting.

Here’s fantastic help that will take you under two minutes to implement.

career success

According to world-renowned Stanford University psychologist Carol Dweck (who’s done decades of high-level research on achievement and success), the difference between academic and career success and academic and career mediocrity boils down to whether the child has a fixed mindset or a growth mindset.

Carol Dweck describes the difference between these two mindsets this way:

“In a fixed mindset, people believe their basic qualities, like their intelligence or talent, are simply fixed traits. They spend their time documenting their intelligence or talent instead of developing them. They also believe that talent alone creates success—without effort. They’re wrong.

In a growth mindset, people believe that their most basic abilities can be developed through dedication and hard work—brains and talent are just the starting point. This view creates a love of learning and a resilience that is essential for great accomplishment. Virtually all great people have had these qualities.”

—Carol Dweck

This is fantastic in and of itself, but here’s even better news.

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5 Ways Teens Can Save Earnings—Without Damaging Financial Aid (AUDIO)

Your daughter’s 15 or older, and she’s earning and saving her own money. Whooo hoo! But wait—just a minute. Could the money she’s saving in her own name end up sabotaging future college financial aid awards?

Learn the sobering answer here—along with 5 safe, legal ways your kids can keep their own money under their own control during the college years.

debt-free college podcastJoin me, Jeannie Burlowski, for episode 5 of the Launch Your Teens podcast, and you’ll learn:

1. Why it’s important to think carefully about student earnings after December 31st of the 10th grade year

2. Why January 1st of the sophomore year of college is liberation day, the day no parent or student financial decisions can hurt undergraduate financial aid ever again

3. Why putting the cash your family hopes to save for college into a grandparent-owned 529 college savings plan can be a brilliant idea

4. Which kinds of student income will never hurt college financial aid awards

(14 min.)

You’d rather read than listen? OK you can do that here!

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Having Marijuana in this Form is a Felony

With all the national conversation around legalizing marijuana, many teens are jumping to the uninformed conclusion that it’s low-risk for them.

Experts, however, are extremely worried about the impact of marijuana on developing adolescent brains.

Not only that—but there’s one certain kind of marijuana that’s so dangerous that possession of it is a felony. Make sure your kids know this, because if one of their friends pulls it out, they’ll want to run for the hills as fast as they can.

marijuana

My grim conversation with the police officer

When I interviewed a police officer to get information for this article, he told me in grim terms that the form of marijuana called “wax” (also known as “dabs” or “hash oil”) is especially dangerous for teens and adults due to its exorbitantly high THC level.

It’s so dangerous that possession of even a tiny amount of it is a felony.

All teens who use marijuana, or who have friends who use marijuana, need to google the word “felony” to understand the prison term that results from this—even for first offenses, even for juveniles.

This is one of the strongest arguments there is for being extremely careful who you get into a car with.

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3 Reasons Every Teen Needs A Part-Time Job (AUDIO)

This episode also includes a hilarious idea for making your teen want to go out and get a part-time job!debt-free college podcastJoin me, Jeannie Burlowski, for episode 4 of the Launch Your Teens podcast, and you’ll learn:

1. How working a part-time job increases the odds that a teen will be academically successful in college.

2. How the advice of author Meg Jay can help your kids leave behind fake, empty confidence and develop genuine professional confidence.

3. The most interesting points Jeffrey J. Selingo made about this subject in his acclaimed Washington Post article.

(10 min.)

You’d rather read than listen? OK you can do that here!

Do you worry that having a job might damage your kid’s GPA?

Read the helpful, reassuring article I’ve written on this subject here.

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What Nobody’s Saying About the College Scandal

By now you’ve heard about the college admissions scandal that has television celebrities such as Felicity Huffman and Lori Loughlin (and 48 other parents and college staff) facing prison time for falsifying college application information and paying bribes as high as $200,000 to $6.5 million to get students into elite and Ivy League universities.

This scandal is a big deal. It’s got celebrity and other high-profile participants scrambling to hire high-priced consultants that advise the wealthy on how to navigate life in federal prison.

Here, the top two questions every parent should be asking about this scandal:

college admissions scandal

First question: “Is elite and Ivy League education really so important to future success and human happiness—that parents should give everything to make it happen for their kids?”

Second question: “Do we sell our kids short—do we compromise the quality of their future lives—when we don’t push them toward elite and Ivy League education?”

Here are 5 reasons that the answers to these questions are “no” and “no.

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12 Ways to Get Grad School Paid For

So, your kid just got into graduate school or medical school. That’s great! Now you’re wondering, “What can students do to get their grad school paid for?” Here are the 12 ways to get grad school paid for that I give to my clients at GetIntoMedSchool.com.

Share this article with a student whose financial future you care about!

get your grad school paid for

1. Try to become an employee of the school you got into.

Call 10 different numbers at the school you got into, and try to become an employee of that institution. Keep trying. Maybe you become a teaching assistant for an undergraduate course, or maybe you serve food, or maybe you work in the university’s daycare center, as my friend Susie did years ago at the University of Minnesota. One of your employee benefits may very likely be reduced tuition. Ask the school you got into if this is ever done. If you want to get your grad school paid for, this should be one of the first strategies you try.

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Make Your Teen Into a Brilliant, Frugal Money Manager (AUDIO)

Your kids won’t think today’s strategy is funny, but you will—when you watch them scrambling to make a dollar stretch until it screams. Ha ha ha ha!

debt-free college podcastJoin me, Jeannie Burlowski, for episode 3 of the Launch Your Teens podcast, where you’ll learn the most loved parenting strategy on my blog. This simple strategy will help you feel far less teen-related stress, it’ll save you time, energy, and money, and it’ll help you equip the kids you love to become brilliant money managers.

(11 min.)

You’d rather read than listen? OK you can do that here!

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Could Graduating High School With an AA Degree Hurt a Kid?

Today I’m writing on topic I never, ever thought I would. Could graduating high school with an AA degree in any way do a student more harm than good? My eyes are bugging out just writing that.

graduating high school with an AA degree

Could graduating high school with an AA degree HURT your kid?

For many moms and dads, one of their proudest parenting moments occurs when their 17-year-old walks across the stage at high school graduation with two years of college already completed. An entire two-year AA college degree already sewn up—entirely at state expense. An amazing, stunning achievement! All while dodging the pitfalls of AP classes—and still enjoying a rich, full high school experience.

Parents who get to experience this proud moment get tingly with excitement thinking of their child confidently diving into third year college courses at age 18, finishing college with a bachelor’s degree at age 20, slashing college bills by half, and having extra years of life before age 22 to tour Europe, volunteer, or start piling up real world work experience that rockets their careers far ahead of their peers. (Making them stellar candidates for grad school or medical school, I might add—if that ever becomes a goal.)

Other parents aren’t so sure.

“Might graduating high school with an AA degree keep my child out of the Ivy League?”

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