Anonymous wrote:
Anonymous wrote:That's not really an answerable question because it depends on preferences. Some people think private school is always worth 35k no matter what but think spending 100k on a car every three years is a waste of money. I prefer to spend 100k on a car every three years and view private school as almost always "not worth it." Certainly not if your child is in AAP. Schooling has almost no effect on adult outcomes... just read the education literature - one of the biggest puzzles in the literature is that they can't get any variables to load in predicting adult outcomes (other than school spending per pupil, which is mostly just capturing affluence in the county).
It’s hard for me to imagine a bigger waste of money than $100k on a new car every 3 years. We can argue whether private school is better than public or not, or whether it is waste of money or not, but a car literally sites idle 22-23 hours a day most days. That’s 92-96% of its life. I get that people want to be comfortable, some may even enjoy driving, maybe there is some status associated with it. I’m not one of those people. My car costs barely 1/4 of that and I get one every 6 or 7 years. I much prefer experiences to material. I send my kids to private school because I want them to learn to invest in themselves and value experiences more than trinkets.