Reply to college children and money

Forum Index » Adult Children

Reply to "college children and money"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think #2 is being a selfish, self-centered, naive, oblivious little baby. Yes he worked hard, great, but there are a LOT of factors in addition. He didn't earn his natural endowment of talent, it's happenstance that he didn't get an injury or illness that sidelined him, it's happenstance that he had a good team to play on and good coaches. It's happenstance that he had a good day in his sport the day the scout was visiting, or whatever-- athletic scholarships can be pretty arbitrary across similarly situated kids. Your son had a lot of good luck and support from others and you need to open his eyes to that. And YES, definitely claw back all of the money you invested in his sport, with the value of money over time.

No way would I give a young adult $350K for any reason at all. And especially someone who's showing such a lack of maturity. If he's fool enough to throw away a sibling relationship over this, the best gift you could give him is a big fat reality check.[/quote]

OP here and it is somewhat complicated.  We spent around 20k per year for DS #1 piano and violin activities such as lessons, competitions and cost of travel.  We spent about 25k per year for DS #2 with his sports activities.  DS #1 also has an 80K Steinway piano and 20K violin.  You can say that DS #1 had it better than DS #2.  As a dad, I am comfortable in giving DS #2 his share of the money 350K, probably more by the time he graduates from investment, because he receives the athletic scholarship for his hard work.  Unfortunately, DW doesn't think the same way and it is causing a rift between mother and son.  DS #1 does not have any issues with DS #2 getting that money.  Our family is very transparent about finances.

Btw, I do understand that getting an academic scholarship, even without room and board, is extremely hard; however, getting an athletic scholarship with free tuition, room/board, and stipend, is even harder, right?  There are not many of them available.[/quote]

Wow, rich people sure have a lot of problems.[/quote]

Exactly.  Each kid got the same before college but one got and $80k piano.  If anything son two should not only get his full amount but also that $80k.  Just tell your wife my mom was like her and my sister was the priority.   We barely speak now and money is still a conflict even though she is still generous and helpful to my sister and has done nothing for me as the child who got less.  Thankfully we don’t need anything but nor does my sister.  But, after a recent event that put everything over the top, I’m done and will never see either of them again.  My mom cause a huge rift over money and not treating us family and allowing my sister to treat me madly.  Is that the future she wants for your family?   [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics