Reply to How do you afford private?

Forum Index » Private & Independent Schools

Reply to "How do you afford private?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]These financials don't seem to be written by anyone who actually knows anything about their own personal finances.

No one earning $250K with $2.5M in savings should be bothered much my paying for private school or college.  First of all, the savings should be producing investment returns equal to to their work income. Live on (and save from) the salary and only tap the investment return for your children's education.  So last year, the S&P 500 was up 30%. On a $2M portfolio, that was a $600K return. This year, it is up $15%. If you siphon off the earnings from just the past two years, you have enough to fill the DCs' trust funds with nearly $1M, more than enough to throw off all of DC's education needs in perpetuity and buy them very nice houses when they turns 25. No sacrifice in lifestyle and an insignificant difference in your overall financial picture. [/quote]

I guess. But those who have been burned by the stock market, and have $2.4M that they have carefully saved are not always included to gamble in the stock market like that.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics