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Reply to "What kind of income do you need to put 3+ kids in top privates from k-12? "
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[quote=Anonymous][quote=Anonymous]I went to private school my whole life, pre-k through college. My wife and I are really struggling to see the value in it. DW is a public school grad so we both slightly differ but when we compare out core friend group, mine are all exceptionally successful; while hers are doing fine, but her top end is probably the low end for my friend group. There were far more "outliers" at her school that are still bussing tables, part time gigs, etc; whereas, most of the kids from my high school are gainfully employed in the professional world. We get that going to a high level private school surrounds yourself with like minded people, and naturally creates a group of highly driven, educated, friends. Outside of that benefit, it is VERY hard to justify the cost of these school. Can I really look in the mirror and say that if I sent my kid to public, put 50k a year into a brokerage account for him, and[b] gave him the account at age 18, he would be WORSE off than a STA grad?[/b] We have a newborn and as of right now we decided to do public through third and then most likely go private in 4th or 6th grade. After that ramble...we make about 550k as 31yos. my target is 750k HHI (upon grade 4) to get two kids through a STA/NCS type of school.[/quote] Whatever you do, DON’T DO THE BOLDED. And if you are the type (I don’t mean this to be derogatory) to value elite private schools, your kids are going to want to go to expensive private universities that cost double per year per kid what independent day schools cost.[/quote]
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