If investing in people has the best ROI, then I’m (obviously) bullish on parenthood as a long-term growth strategy: Avg. cost to raise a child to age 18 = ~$300-400K (4 kids feels aggressive at the moment) +College = ~$100-300K for four years (btw, tuition costs historically rise ~2x the rate of inflation). And then, you're probably not done: By age 25, only 60% of young adults are financially independent. You can't do it all with out a Plan! But anyway…this back-to-school receipt, which is taller than my 6th grader, is just a reminder that the true cost of raising a family isn’t in dollars – it’s in Patience, Planning, and a whole lot of Love! https://abcnews.go.com/GMA/Family/costs-raise-child-us/story?id=120376717 https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/brochure/529-cpe.pdf https://www.pewresearch.org/social-trends/2024/01/25/financial-help-and-independence-in-young-adulthood/

In the Investor’s Edge newsletter for summer 2025, gain insights on alternative investments, budgeting during market uncertainty, top financial consideration when facing divorce, and learn about growth in the women’s sports industry.

Trump Shakes Up Wall Street With Orders on 401(k)s, ‘Debanking’ This is a pretty big deal and will have implications for both Wall St. and Main St (ie the 70% of you out there that participate in a 401(k) plan)... https://www.wsj.com/finance/regulation/trump-shakes-up-wall-street-with-orders-on-401-k-s-debanking-82d457ba?st=7sjesp&reflink=desktopwebshare_permalink