Reply to Making SAHM get job to pay for private school

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I do think it is a little ridiculous to both not work and insist on private school.[/quote]

Agree. I’m a SAHM and private school would be a non-starter with my husband. He doesn’t quite make $500/k but it wouldn’t matter to him if he did. He is focused on college and retirement savings and generational wealth building. Private secondary school is just a badge like a luxury car or country club (we don’t those either.)[/quote]

This kind of thinking is why you will never generate true generational wealth.[/quote]

This isn’t true as well.

A lot of people don’t know or understand what generational wealth is. [/quote]

A lot of people also don’t understand the difference between generational wealth and generational assets.  Sure, buy a few rental properties and pass them down to your kids.  But that’s not real generational wealth.[/quote]

This!!! Thank you!!![/quote]

OK. So enlighten us what "real generational wealth" is. I'm guessing it somehow involves sending your kids to a tony private school. [/quote]

Isn't it about being able to live off the interest of investments? [/quote]

NP. Why would anyone want their kids to loaf around living off of interest? How is that doing them any kind of service?

I am working on leaving my kids a great inheritance, but my main priority is teaching a kid to fish. My children are preschool age, but whether or not they go to private school will be completely based on to what extent the education and culture of the school contributes to self-reliance, curiosity, a bit of competition, and hard work. In my area, the public school's math team sends 10+ kids to HYPSM every year.  The fancy private sends kids to rando liberal arts colleges no one has ever heard of. I really do not care that the parents of these kids are high profile and my kids to get access to that "network" because it turns out it is a network to spoiled nowheresville. [/quote]

[b]My guess is that you don't know people with that kind of wealth if that is your idea of how it works.[/b] You can give your kids both a work ethic and drive to succeed and a steady stream of income that gives them so many more options in life. [/quote]

This.[/quote]

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