Reply to How important are college costs to you, even if you can afford any college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]For us, we have the money, so I don’t care what it costs. (Since that what you asked). I want my child to go where they are comfortable. That’s it.

I would argue that if you have to sell assets then you can’t “afford” any college. That’s having to choose between your assets and college. I don’t think it’s worth 50,000 more a year, but I will pay it because I have it. You’re in a different situation.[/quote]

You're not very smart if you have hundreds of thousands of dollars in cash just sitting there earning nothing.  "Assets" include stocks, etc.  [/quote]

lol ... why do you even care, it's not your money.[/quote]

Because I wouldn't trust financial advice from anybody so stupid.[/quote]

Not the PP but our HHI is north of 3M a year.  We set of 529s when the kids were babies and dumped a chunk of money into them that has grown.  We will probably use that to pay for college.  But, we could also just pay for college out of cash flow every year.  It’s not really any different than paying for private school now.  We sometimes have hundreds of thousands of dollars in our bank account because one of us got a huge distribution that day.   Before we move that money to investments, we can write a 70K check for college on a random Tuesday.   Not everyone is so worried about money that they stress about their investments the way you do. [/quote]

Liar.[/quote]

I am definitely not a liar.  Our kids are all under 10 and I never think about how we will pay for college.  I totally understand that most people do.  I was simply responding to the poster who thought it was ridiculous to ever have hundreds of thousands of dollars sitting in a bank account.  If you have enough money, it just happens sometimes.  [/quote]

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