Reply to Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I drive 2 Porsches into the sea every year. I often wonder whether my kids would do better just being given the 250k in cash to start a business (like 5 Guys)[/quote]

I often have said something similar: if my kid was set on being a restauranteur and his legwork consisted of exactly one summer as a busboy, would I give him 350k - 100% of all the money I planned on giving him to start his adult life -- to open a restaurant at 18-20 years old? No, I would not. I'd be happy to give him that money sometime - indeed, I'm planning on it -- but that sounds premature. So why am I doing this now? With goals that are far less specific? At least you would learn a lot by opening a restaurant, make connections, be better prepared for the real world.

None of this adds up unless you're very well off or get a lot of aid.

I have told my kids if they'd rather have a Dunkin Donuts franchise, I'm willing to have that discussion. [/quote]

Have you ever tried to buy into a franchise? Not as easy as you might think.[/quote]

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