Reply to Private school is a terrible ROI for middle class people

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Reply to "Private school is a terrible ROI for middle class people"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The idea that the value of an education can be measured solely in financial terms is completely cloddish. [/quote]

Not quite.

I believe a majority of people in the middle class do not know how to invest and how to think long-term about money. So perhaps for them, even if their kids stayed in public, they would fritter away their extra dollars on useless things and not actually take the opportunity to build wealth. In those circumstances, why not pay for private instead, since investment is going to go to waste anyway?

But for those who do understand compounding and strategic money placements... public is a good idea. Usually those are also the people who make sure their kids learn something in public. They make the most of what they've got.

[/quote]

We are well above middle class, but not a 7 figure HHI. Kids are in public. We’ve worked very hard to set it up so that they don’t have to live the same “successful” lives we have had to. I hope they will choose to do something meaningful and not income-based, since they won’t need much money. [/quote]

Your point? 
We chose the meaningful careers that don't pay much and still ended up with 25M because of lucky (or intelligent) stock market investing. 
You can have both. 
Most people believe the myth that salaries build wealth. That is not true. [/quote]

DP. What is your argument against PP's? PP does not want their kids to depend on luck. Sure they can have both. But PP wants to make sure their kids WILL have both. [/quote]

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