Reply to Can two fed govt job family afford to send two kids to elite private school?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think you're way behind on saving.  Our HHI income is higher but not by much and we have about 650k saved in investments and retirment.  Maybe you have a lot equity in your home at least?

Plus don't forget your kids will be the "poor" kids in private school.  That will lead to its own set of issues.[/quote]

I don't know, if anything that could be instructive/ keep them from getting a sense of entitlement. I was the "poor" kid in my private school, on scholarship. (We weren't actually poor but we didn't live in a mansion like many of my classmates.) I didn't mind. In fact I felt superior sometimes. Of course, I didn't go on the lavish vacations or have the brand name clothes that some people had, and I still don't. It was fine. By and large I didn't feel envious or come out with a crazy drive to become a millionaire by age 30 so I could have those things. I was also much more motivated to excel scholastically than many of classmates, who often had an attitude of "my daddy pays for me to go here so you have to give me an A," or "my daddy pays for me to go here so I don't have to pick up my trash, let the janitor do it."[/quote]

I do not agree that being the poor kid in private school would be constructive. I went to a top tier private school on a full scholarship and it was very difficult for me socially. I couldnt even do basic things like go out with my friends to the mall because that usually involved spending boatloads of money that I didnt have. I also got left out of travel activities...summers in nantucket and maine, etc. I was able to connect with a few people but for the most part felt like I was on the outside looking in.[/quote]

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