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Reply to "When friends’ views on money/life diverge . . . . "
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[quote=Anonymous][quote=Anonymous]OP, we drifted apart with a friend like you. She went to big law. Always was into "things", especially designers clothes, cars. She purchased her older kid brand new german car as soon as kid got a license. She paid for the kid summer courses in Columbia, Harvard, etc. and [b]bragged that the kid will go only to Ivy.[/b] She spent a fortune on SAT prep courses, tutors. The kid ended up going to the state school, not even top one. I worked like you friend, for meager $60k a year. Kids went to good public, no prep courses, both got admitted to Ivy schools and got full financial aid. My friend no longer talking to me. [/quote] OP here -- Ok well your friend is dumb. I see nothing wrong with designer things, buying a german car (though for me/DH, not for a kid -- they can buy their own when they earn), paying for ivy summer programs, SAT classes etc., but bragging the kid will ONLY go to an ivy before he's admitted -- LOL. I don't think you can guarantee your kid going to any place with a sub 5 or 7% acceptance rate until after the acceptance letter is in hand and your money (unless you truly are Bill Gates which biglaw partners aren't) isn't going to get your kid in. If your kid can't cut it, he can't; if kids from families making 60k can get in, they will, regardless of their parents' jobs.[/quote]
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