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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I feel the same way, but I don't want to send my kids to private school. I want a boat.

People making $400K should be entitled to a discount on boats. After maxing out retirement savings and 529s, paying student loans and mortgage, and eating out (only 1-2x per week), there simply isn't enough left to pay for a boat.

I deserve a boat. I should get a discount so I can have one.[/quote]
By equating independent schools with buying a boat, you're intentionally attempting to perpetuate an exclusionary system where wealthy/legacy children are entitled to exclusive opportunities regardless of merit.  According to the National Association of Independent Schools, financial aid "supports the drive to provide opportunity to the best and brightest, regardless of their economic circumstances."

I realize it's a controversial stance to suggest that every family should have an opportunity to [b]rationally afford[/b] independent schools, but that's my position.[/quote]

the key is rationally afford.  i believe someone with 400k can rationally afford private school if that is their priority.[/quote]
Yes, that is the key.  As noted multiple times, there's unanimous agreement that a family on $400k HHI can afford one private school tuition, full stop.  However, if you flip to an example of four kids, with earning power being a recent phenomenon and no real wealth/savings/equity backing it up, it's definitely conceivable that a family on $400k could not rationally afford $120k full freight.[/quote]

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