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College and University Discussion
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]OP here. I get that $90K is a rounding error for some on here and two weeks' salaries for others. But I bet that for most of us, $360K is not an insignificant amount. And yet we're fighting each other for the privilege of paying it. We are truly idiots for playing into this. Excuse my insult as I include myself in that group. [/quote] OP, you had many chances to get there with so little money. When Netflix raised their DVD monthly rental from $7 to $11, it was time to buy Netflix stock. When Apple came out with Iphone, you still had several years to buy the stock to get to $360k. When you were shopping on Amazon, you should have been buying the stock. All in all, ca $30k in any one of them, would have taken you there. There are so many other companies that were clearly going to do well. I started really late like in 2020 because of work and visa problems.Almost 20 years down the drain, and I still made it. My older one doesn't want me pay that much for college and wants to go to community college. Younger one is about to get $300k, but outside of 529 ofcourse. Younger DC has 10 years til college. We were never high earners. We had to make money work for us even if we knew nothing about it. Well, almost nothing. It's extremely good time to be in the market and/or enter the market now to forever. Not a financial advice.[/quote] So all you had to do was be the world's most proficient stock picker [/quote]
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