[quote=scaredyclassic][quote=njtosd][quote=flu]I’ll offer an alternative theory. I’m actually pushing myself to try to be the richest, most selfish person I can be, and trying to accumulate as many properties and resources that produce passive income as possible. That way, my kid can just inherit it and live a significantly less stressful life.
College is only for the purpose of if my kid has a personal interest in something, to have a paper that says my kid isn’t a complete idiot, and to teach basic principles of math, science, accounting, finance, and to meet people.
Afterall, the best way to make $10million, is to start out with $8million. And to be able to buy your way into things, like a diploma, or connections, etc. Just like…. Trump.[/quote]
Years ago, a woman I knew had a baby and shortly thereafter began to cry telling her husband that she didn’t want anything to happen to the baby. He said – the baby’s fine, there’s no problem. And she said “No, I mean I don’t want anything to happen to him ever.” I respect and am impressed by your plans, but don’t forget that people without the need to earn a living can go a bit off the deep end. Too much time on ones hands can lead to bad results. Sometimes what we want to give our kids and what is best for them are two different things.[/quote]
Even little tiny kids like to do it “all by myself”. I’m over 50 and I still don’t like help from mom…
The struggle is what makes it real.
The goal is to get them out. Although I often ask my wife if it might not have been wiser to emotionally hobble them so they’d be more dependent on us[/quote]
Well, this is a true story I heard from a family friend recently that cracked me up.
This guy from a UC school is a EE major had a girlfriend that was going through medical school that he wanted to marry. His girlfriend’s parents objected because they wanted her to marry someone more “successful” like someone that was going to be a doctor too. So the kid, seriously considers going through medical school. He sits down and does a cost benefit analysis of how much time and how many years it will take him to be a practicing physician, factoring in the cost of medical school, opportunity cost of being a low paid intern afterwards, years of specialization afterwards, and final average pay as a doctor. He then does the same thing for an EE graduate
… And then he has an epiphany. … Both are crappy deals financially and ,right after he graduated with top honors from UC /EE program, he decides to open a shaved ice drink place in San Diego, with some money his parents bank rolled for him instead of going to med school.
Guy is currently making a killing and looking to franchise his brand. The guy hasn’t looked back.
Lol
I think the issue really is how self motivated is one individual in wanting to achieve something. Education alone, perhaps is just a tool to get there, and perhaps what a lot of people don’t understand, is the entire “tiger parent” thing has very little to do with the actual grade, but more so a tool to train kids to be self motivated and self competitive and to learn how to learn outside of school.
Personally, I think how lazy you are or how uncomfortable you are to learn something new on your own or from other people has far more dangerous consequences. So those 3 qualities alone are extremely important, imho.
