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Reply to "Disappointed in young adult aged child"
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[quote=Anonymous][quote=Anonymous]OP, I get where you're coming from. What you need to do is be supportive of your son and guide him away from the pitfalls. For example, tell him he needs to not fall into the trap of living LARGE because he starts making money. Encourage him to save and spend wisely because you never know if an injury is around the corner. Warn him he'll have easy access to drugs and he needs to prepare to avoid that. Have him promise you to go back to school. There are many people with MBAs who struggle financially. They are a dime a dozen. You and he will regret passing up this once in a lifetime opportunity. You can guide him to do this the right way. No blinged out jewelry, no $200,000 car, no living like a rock start. That's what he needs most now, support and guidance. [/quote] Unless he ends up being a super star (in which case why does an MBA even matter?) -- the avg NBA player ends up having a 4 yr contract/career. Sure they get paid well in that first 4 yr contract but it is in the hundreds of thousands for most guys, not millions; so if he doesn't live large and just lives like a regular guy -- he can walk out of the MBA with a few hundred thousand in investments/b school tuition ready to go. After that many will bounce around the practiced squads, go play Europe etc. But for a guy like OP's DS -- he'll have a college degree (having done it in the off season) and can be applying to b-school; he'll be like 27ish at that time which is very much the avg age of people entering schools like Northwestern. This doesn't set him back at all.[/quote]
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