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Adult Children
Reply to "college children and money"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think #2 is being a selfish, self-centered, naive, oblivious little baby. Yes he worked hard, great, but there are a LOT of factors in addition. He didn't earn his natural endowment of talent, it's happenstance that he didn't get an injury or illness that sidelined him, it's happenstance that he had a good team to play on and good coaches. It's happenstance that he had a good day in his sport the day the scout was visiting, or whatever-- athletic scholarships can be pretty arbitrary across similarly situated kids. Your son had a lot of good luck and support from others and you need to open his eyes to that. And YES, definitely claw back all of the money you invested in his sport, with the value of money over time. No way would I give a young adult $350K for any reason at all. And especially someone who's showing such a lack of maturity. If he's fool enough to throw away a sibling relationship over this, the best gift you could give him is a big fat reality check.[/quote] We are not athletic folks, but academic-minded ones. Isn't intellect also inborn talent? I think it is. Both of OP's children demonstrated work ethic and resilience. They are both equally deserving from his description. They both need to be treated fairly, and if both were promised a certain sum, that sum needs to be available to them. Otherwise it means the parents went back on their word, and that's a betrayal that will permanently kill a relationship. [/quote] I'm the PP and I totally agree. I will say having a kid in high level sports is a logistical and financial beat-down that high level academics *sometimes* isn't, but it really just depends. That's why keeping it the same is the way to go. It's just too hard to look back and pro-rate things. And OP's #2 is being a dumbass and ruining his sibling relationship and that shouldn't be rewarded. [/quote]
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