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Reply to "the value of private schools"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you took the money you would pay for private school and instead set it aside and invested it for your child, they could be set for life. Which is better: marginally increasing the quality of your kid's K-12 education (assuming the private school is better) or giving your child complete financial freedom for life?[/quote] Couldn't agree with this more. Since birth, we invest 14k for each child each year (on top of college) into a brokerage account, this is the maximum gift allowance per child. My 10yr old has nearly 200k in his account (thank you 2016!). If they sit on this money, they will have 7 figure accounts by their 30s. My kids go to great oublic schools. I can't imagine a private education thatbwould surely coat in excess of the 14k/yr will be more beneficial than having a net worth 500k+ upon college graduation. Its a total game changer.[/quote] Be careful--our relatives with significant money available to them after graduation ended up with drug problems and have not settled into jobs. It hasn't been such a gift in their cases.[/quote]
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