Reply to What is the lifestyle difference of 400-500k/yr and 800-1M/yr

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I dunno I would not pay for private school and would not have replied to this thread if you hadn't mentioned it. IMO my lifestyle would not change much at all going from 500k to 1m. I would by a MODERN house, which they barely build around the DC area, and that's about it. I already outsource my cooking, cleaning, and lawn care. Drive the car I want to drive, go on the vacations I want to go on. Private school? Kill me[/quote]

Do you have kids? You would value a nicer house over your children’s’ education?[/quote]

Early Retired Biglaw partner here, with fully grown and long ago launched kids.

Ten years from now, your private school kids will be attending the same colleges as the public school kids.  Ten years after that, your kids and those kids will be doing the same jobs, making the same money, and having the same lives and lifestyles - while also working alongside other kids who not only went to public schools, but also to public colleges and other colleges that no one’s ever heard of.  The great big world is the great big equalizer when it comes to this stuff.

Unless, of course, you aspire for your kids to be in Biglaw.  In that case, yea, the schooling matters.  But if you want that for your kids I feel sorry for you - and them.

[/quote]

+1[/quote]

I don’t agree with you. Sure there are one offs but my classmates that went to STA with me are far more successful financially than my wife’s friends from her public school.

Top privates around here have less than a 20% acceptance rate. Clearly the talent pool is far superior than a school anyone can go to.

That doesn’t mean someone from a public school can’t be wildly more successful but as a whole, top privates will create much more successful grads. It’s not rocket science.

Avg privates are a total waste of money unless you want the religious side of things. [/quote]

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