Reply to Do you colleagues/friends talk about money? Ever surprised by what you hear?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]People who make mid 6 figures and can't make ends meet.[/quote]

Have heard people in $2m+ houses saying kids are on their own for college costs - shocking.  Could you be more selfish?  [/quote]
I really live my life and and 99.9% of the time don't judge other people and their choices. But this, exactly when my kids were choosing colleges and would say other kids could not go to their dream colleges because they were too expensive. All the while the parents live in gargantuan houses, have multiple luxury cards, spend extravagantly, etc. Ridiculous. [/quote]

This is a more nuanced conversation than you're making it out to be. You've made a personal decision that a "dream college" is something you value in your family. That's a very expensive choice, however, and for many (MANY) families it will have effect on their children's ultimate life outcomes. You can be a high school graduate CEO or a Master's degree retail clerk.

I personally think it's very justifiable to prioritize family travel, extra-curriculars, enrichment activities during primary and secondary school - all of which cost money that could be be diverted into college savings accounts - over making sure your child can select a mediocre SLAC over a decent state university.

If you have the money to do everything, great! If you make the opposite choice, good for you! And if you spend your children's college money on handbags, well that's pretty bad :)

But I don't think there's anything inherently noble about scrimping and saving so every child can go wherever they want. Oftentimes you're foregoing valuable experiences to push all your resources into something that's ultimately meaningless, socially and professionally.[/quote]

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