Reply to Do you make $400,000 a year but feel broke?

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[quote=Anonymous][quote=Anonymous]The school can do what they want.  I will think you are a moron if you make $400k and are broke, whether that's because you are choosing to put 2 or 4 children through an expensive private school (they're not all $30k, even in this area), or saving too much, or not enough, or buying too much house, or too many cars, or whatever.  At $400k, if you're broke, you're a financial moron.[/quote]
I completely agree - if you make $400k HHI, you have no excuse not be saving a good chunk of it each year.  Personally, I'd put the bar at $100k, but I'm sure many families in that income range save less.

So by your own logic, you would be a moron to pay for 4 kids to attend private at a full freight cost on that income level.  If the only way to afford private is to make a financial decision that only a moron would make, that illustrates perfectly why some level of financial aid would be appropriate if you think every family should have a chance to afford private without making an irrational decision.[/quote]

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