Reply to Let’s be Honest DCUM Moms: Half of your kids should not be going to college

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]my two kids are at T10 colleges.

we're full pay and I told them both, there's a decent chance that - financially - we would have better off getting you both a Chick Fil A franchise in a medium market city.

but life is about more than ROI. do you want to be a manager at a Chick Fil A? if not, then it's not worth it, even if it's a smarter deal.  and college means more than career placement - it's the passions you form, the people you meet, the experiences. So we're paying a (factually) dumb amount of money every day youre at college. We ask you take it seriously and make the most of it. Go to office hours. Read the books. Meet allll the people. Go on the ski trip. The social connections and the development of your own interests are what will make this worth it.  [/quote]

Chick-fil-A franchises are crazy competitive.  You need to have leadership and other experience. They don't want investors; they want managers.  Is your kid working at a Chick-fil-A now to get some experience, or are they beneath that?  [/quote]

they both worked there in HS, which is why I used the example. anyway. as I said, they're both in college now.[/quote]

It's not a bad path to gain management experience there first, then you spot them the 10% down payment to become a franchisee.  From there, they can buy more.  [/quote]

Nah, they have to have a high NW to even be considered.  The 10% is the tip of the iceberg - they are looking for someone who can float the store while draining their assets in a bad year - like Covid.  [/quote]

I'm guessing they'd take a parent guarantor for the NW requirement. [/quote]

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