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The majority of US parents (whom are millionaires) send their kids to the best public education system in their area. They supplement that education with tutoring/sports/outside learning. I'll try to find the exact statistic/percentage.
Private school in my area would cost me $30k/year. Multiple that times 10 years and you get $300k. Now look what you get from that 300k in terms of academic performance. In my area, I'm not seeing the +EV in kids getting out of that system. Are they really going to make that back?
Now what would happen if you took the same $300k and bought a house for your kids? No student loans and no house payments. Which path do you think sets them up for life? Sounds a lot like the college debate doesn't it?
Private school in my area would cost me $30k/year. Multiple that times 10 years and you get $300k. Now look what you get from that 300k in terms of academic performance. In my area, I'm not seeing the +EV in kids getting out of that system. Are they really going to make that back?
Now what would happen if you took the same $300k and bought a house for your kids? No student loans and no house payments. Which path do you think sets them up for life? Sounds a lot like the college debate doesn't it?