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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I had a client with a net worth of $20MM+.  Client was crazy worried about his DC's university and career prospects.  I asked why worry (given the net worth).  Client responded that the $20MM can vanish in a heartbeat.

However, realistically, a Harvard degree's worth is more likely to vanish in heartbeat (because of drugs, mental breakdown, lack of ambition).[/quote]

OP here. It actually makes sense to me that a wealthy person would want their kid to study hard and have a good career. Work is essential to mental health and yes, $20MM can be wasted. But that kid could be happy with a teaching degree from a state school as much as an MBA and I banking career. [/quote]

Give your kids enough so they can do anything, but not so much that they'll do nothing. -paraphrasing Warren Buffett

This includes the opportunities and resources you give them while they are growing.

There is such a thing as having too much opportunity.  It burns the striver out of your children because they have been served a conveyor belt of never ending opportunity.[/quote]

That is the exact attitude our friends and ourselves have.  So far all of our kids are excelling.  What it does do is open the door for choosing a career that is "typically lower paying" but something they love. And knowing that parents can help supplement if needed.  But only 1 kid (out of 10+ families) chose that.  Because many of our kids naturally have STEM inclinations ([b]at least 1 parent in all the families are Techies[/b]---in my case we are both techies).  So for my kid whose favorite classes were always Math and science, it is logical they picked Engineering as a major (and are doing well)---they would be miserable in a humanities major and/or career.  
Other kid isn't as much STEM, but has good math talent and chose business/finance.  Because they would also be miserable in a humanities major.  Ironically, they became a great writer in college and are now the "writer on their team" at a Tech/Healthcare company, but most of job is tech focused.

[/quote]

Nerds beget nerds.
And even the non-nerdy ones are actually nerds.[/quote]

Troll---not all nerds.  All currently high level execs (and one CEO) at a company.  But kids whose parents are into technology and were STEM majors are likely to have kids who are also STEM talented (genetics is strong)---for most the kids are also interested in engineering or CS.

[/quote]

I'm a nerd.

I thought one of my kids was sporty but their math/CS degree tells be he was just better at hiding the inner nerd.

Nerd isn't derogatory anymore.[/quote]

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