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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I found this interesting. I'm glad I chose to invest the money instead.
"According to the Yale Law professor Daniel Markovits, the author of The Meritocracy Trap, if the typical family in the top 1 percent of earners were to take that surplus—all the excess money they spend, beyond what a middle-class family spends, on their child’s education in the form of private-school tuition, extracurricular activities, SAT-prep courses, private tutors, and so forth—and simply invest it in the markets, it would be worth $10 million or more as a conventional inheritance."[/quote]

The problem with this theory is that many kids wouldn't even be marginally successful or happy if the parents didn't spend that money.

We have three SN kids with combinations of ADHD and dyslexia. They would end up in jail or dead if we didn't spend a fortune on interventions and EC's just so they have tolerable lives. [/quote]

IMO, that is entirely different than parents who send their kids to tutoring who are getting a B+ in a course or just preemptively to keep them on top.  If your kids have any learning/developmental issues (no matter how small) it is to your advantage to spend all you can to get early interventions and help to give them the best life possible.  I have a kid with "minor" issues---we started at age 9 and continued until 15.  That helped immensely.  That kid graduated college from a T100 school (after a rough start in a Pre-med path that I knew wouldn't work but they had to try) with a 3.4+ GPA, finance degree and been working for 2.5+ years in the same great job with a top company (not directly using finance but who cares---they are employed, getting promoted and getting raises, which is more than many people can say for the last 2-3 years of 22-25 yo).

Had we not intervened, I'm certain we would be on a much different path now.  That's why we did it all, despite the school telling me "he's reading on grade level, no issues, no need for any interventions".  Because our private testing told a different story and that he was reading/comprehednign at only 10% (50% would be average for the age).  Instead I probably spent $100K+ on tutoring and therapy to put them on the best path forward.  Worth every penny.  [/quote]

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