Reply to Budgeting for Private School -- Convince my spouse

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'd invest the money instead. Each kids would have 3-5 million by the time the are 30. Instead, their parents paid for private school and expect them to have great careers. What a pressure on the kids.[/quote]

What are you talking about $200k invested for 15 years only gets to $750k

Even 25 years only gets to $1.7M at 8% return which is crazy optimistic.

People with elite educations on this board pull in $700k/year, vs public school strivers who land a GS15 at $176k.

Yeah it’s a lot of pressure, but the world is turning into a tale of two cities. Places like Montana are expensive now. [/quote]

First of all, plenty of high earners went to public schools. Second, no one needs to make $700k to be happy. Life is not a race and people don’t need to ski in Vale to be happy.

OP—having three kids in private is tough. I hate to say it but your choice to have three kids limits your options. [/quote]

I'll second this and add that most of the highest earners I know went to public school all the way - K through university.[/quote]

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