If you have kids now. save 500K for college.

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Dannar26

Senior member
Mar 13, 2012
754
142
106
Disgusting.

We're too good to have kids now? We deserve to die out then.

My kids will get loans, like I did. All this "save for your kid's college" is laughable. What moron actually does this?
 

brianmanahan

Lifer
Sep 2, 2006
24,302
5,731
136
Yeah a hundred K is a lot. I think his ideas in general are good, though. A person spending a good bunch of their free time working on apps, trying to get something in the apple store, or a browser extension or anything they can throw on a resume and say look this many people use this app I invented, it makes for an interesting story.

true, i have used website projects to get jobs
 

spacejamz

Lifer
Mar 31, 2003
10,846
1,491
126
Don't have kids, problem solved.

The roots of Idiocracy being planted...The lower class will continue to to breed like rabbits no matter what while more the responsible (and more than likely, more educated) ones will not....
 

dank69

Lifer
Oct 6, 2009
35,601
29,313
136
Disgusting.

We're too good to have kids now? We deserve to die out then.

My kids will get loans, like I did. All this "save for your kid's college" is laughable. What moron actually does this?
Responsible parents?
 

xBiffx

Diamond Member
Aug 22, 2011
8,232
2
0
The roots of Idiocracy being planted...The lower class will continue to to breed like rabbits no matter what while more the responsible (and more than likely, more educated) ones will not....

Better to have smart people go against every sane cell in their brain and have kids? I sure want to live in a world where people, smart people at that, are having kids just for the sake of competing with the lower (read idiot) class. Oh wait, no I don't.

You can blame idiot liberal lawmakers for making idiots having children a viable endeavor, at least in this country. The road to hell is paved with good intentions afterall.
 

mikegg

Golden Member
Jan 30, 2010
1,815
445
136
this can definitely work, but the vast majority people who try it are going to fail at it. more power to them if they can do it.

as for 100$k per year, i know thats what everyone makes here on atot, but its very region dependent. there are relatively few jobs, software or otherwise, that make that much money in most of the regions of US. in my region software dev averages about 70$k-80$k. though you can keep your cost of living low (20$k-30$k is doable around here), so it makes for a very good amount of savable/disposable income.

True that the majority will fail but at 500k for college, you're going to see a lot more people trying and succeeding. 20 years from now, it'll be easy to learn things online.
 

child of wonder

Diamond Member
Aug 31, 2006
8,307
175
106
Responsible parents?

Nope.

Assisting children with college is one thing. Giving children a free ride through college is doing them a disservice.

I had a free ride via scholarships when I first went to college. I pissed it away by partying and not appreciating the incredible opportunity I had.

Years later when I had a child of my own on the way and went back to school on my own dime I had a much greater appreciation and understanding of the investment I was making in my future.
 

dank69

Lifer
Oct 6, 2009
35,601
29,313
136
Nope.

Assisting children with college is one thing. Giving children a free ride through college is doing them a disservice.

I had a free ride via scholarships when I first went to college. I pissed it away by partying and not appreciating the incredible opportunity I had.

Years later when I had a child of my own on the way and went back to school on my own dime I had a much greater appreciation and understanding of the investment I was making in my future.
So because you are a fuck-up, all other children must be?
 

child of wonder

Diamond Member
Aug 31, 2006
8,307
175
106
So because you are a fuck-up, all other children must be?

Nope.

All human beings intrinsically value something less when given to them for free. It's in our nature. Because of the choices I made and the lessons I learned, the education I got and the success I enjoy today holds a greater value to me than if it were handed to me. I worked hard for it and I earned it.

I'm not saying once my children are out of high school it's "fuck you, kids! You're on your own!" I'll support them while they go to school, offer SOME financial assistance, and give them a place to live in my home so long as they're passing their classes. If I simply cut checks to pay 100% for their tuition and living expenses while going to school they wouldn't learn the value of sacrifice and working hard to earn something on your own. It's more likely they'd be self entitled jack asses who wouldn't be prepared for the stark reality that life doesn't owe you anything and no one is going to give you what you want just because you exist. You have to work for it.

lol @ me being a fuck up. That almost hurts. Given the hardships I endured yet still emerged a success makes me feel more proud of what I went through rather than my mommy and daddy serving success to me on a silver platter.
 

dank69

Lifer
Oct 6, 2009
35,601
29,313
136
Nope.

All human beings intrinsically value something less when given to them for free. It's in our nature. Because of the choices I made and the lessons I learned, the education I got and the success I enjoy today holds a greater value to me than if it were handed to me. I worked hard for it and I earned it.

I'm not saying once my children are out of high school it's "fuck you, kids! You're on your own!" I'll support them while they go to school, offer SOME financial assistance, and give them a place to live in my home so long as they're passing their classes. If I simply cut checks to pay 100% for their tuition and living expenses while going to school they wouldn't learn the value of sacrifice and working hard to earn something on your own. It's more likely they'd be self entitled jack asses who wouldn't be prepared for the stark reality that life doesn't owe you anything and no one is going to give you what you want just because you exist. You have to work for it.

lol @ me being a fuck up. That almost hurts. Given the hardships I endured yet still emerged a success makes me feel more proud of what I went through rather than my mommy and daddy serving success to me on a silver platter.
So you believe the ONLY way to teach the lesson I bolded above is to not pay for their college? I've asked this question already in this thread.
 

OverVolt

Lifer
Aug 31, 2002
14,278
89
91
So you believe the ONLY way to teach the lesson I bolded above is to not pay for their college? I've asked this question already in this thread.

Some parents darwin their children. Times are different its very competitive.
 

child of wonder

Diamond Member
Aug 31, 2006
8,307
175
106
So you believe the ONLY way to teach the lesson I bolded above is to not pay for their college? I've asked this question already in this thread.

I'm not going to teach them to be self sufficient yet simultaneously pay their way through college 100%. That's like telling a child "don't you ever fucking swear."

Again, I'm going to offer reasonable assistance to my children so long as they take their education seriously and are passing their classes. I will not, however, as some parents do, send them off to college with a shiny new car, cut a check every semester to completely pay for their tuition and housing, and continually pump money into their checking account to do whatever they please with.

Putting a silver spoon in a child's mouth is NOT parenting.
 

dank69

Lifer
Oct 6, 2009
35,601
29,313
136
I'm not going to teach them to be self sufficient yet simultaneously pay their way through college 100%. That's like telling a child "don't you ever fucking swear."

Again, I'm going to offer reasonable assistance to my children so long as they take their education seriously and are passing their classes. I will not, however, as some parents do, send them off to college with a shiny new car, cut a check every semester to completely pay for their tuition and housing, and continually pump money into their checking account to do whatever they please with.

Putting a silver spoon in a child's mouth is NOT parenting.
I love how you equate giving your child the best possible education you can with putting a silver spoon in their mouth.
 

jpeyton

Moderator in SFF, Notebooks, Pre-Built/Barebones
Moderator
Aug 23, 2003
25,375
142
116
Why put away $500k for your children's college fund? Just buy them a nice home outright for $300k and give them $200k in an investment portfolio. That will put them ahead of 95% of people with a college degree.

This is probably the dumbest thread I've ever read.
 

werepossum

Elite Member
Jul 10, 2006
29,873
463
126
I love how you equate giving your child the best possible education you can with putting a silver spoon in their mouth.
You're missing his point, which is that just throwing a lot of money at your child is NOT necessarily giving her the best possible education, depending on the child of course.

Why put away $500k for your children's college fund? Just buy them a nice home outright for $300k and give them $200k in an investment portfolio. That will put them ahead of 95% of people with a college degree.

This is probably the dumbest thread I've ever read.
LOL

/thread?
 

child of wonder

Diamond Member
Aug 31, 2006
8,307
175
106
I love how you equate giving your child the best possible education you can with putting a silver spoon in their mouth.

You're completely missing the point. Educating children is more than school or college. Throwing money at your kids is not parenting and may actually be doing them a disservice by setting unreal expectations on how life will operate once they're out of the nest.

Even if I was a millionaire I still would not pay 100% of my kids' college expenses nor buy them new cars, etc. They need to learn to be self reliant and how can I expect them to do that if I'm paying for everything?
 

OutHouse

Lifer
Jun 5, 2000
36,413
616
126
I love how you equate giving your child the best possible education you can with putting a silver spoon in their mouth.

actually paying 100% of your kids higher education is the epitome of the silver spoon.

my deal with my kids is this. Tuition and getting to your classes is on you. I will help by buying your books.
 
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dank69

Lifer
Oct 6, 2009
35,601
29,313
136
You're completely missing the point.
No, I'm not. The point, currently, is that paying for college is not paying for everything.



Educating children is more than school or college.
No shit.



Throwing money at your kids is not parenting and may actually be doing them a disservice by setting unreal expectations on how life will operate once they're out of the nest.
I agree with the bolded but do not consider paying for my children's education to be "throwing money at them." There will be restrictions. They will need to study a field that they will be able to get a real job and they will need to get excellent grades. I will talk to them about their courses and show genuine interest in what they are learning in order to help reinforce that knowledge.



Even if I was a millionaire I still would not pay 100% of my kids' college expenses nor buy them new cars, etc. They need to learn to be self reliant and how can I expect them to do that if I'm paying for everything?
The only way you can justify your position is by equating "paying for college" with "paying for everything." There are plenty of ways to teach self-reliance long before they get to college.
 

dank69

Lifer
Oct 6, 2009
35,601
29,313
136
actually paying 100% of your kids higher education is the epitome of the silver spoon.
America really is doomed when enough people think about higher education this way.

my deal with my kids is this. Tuition and getting to your classes is on you. I will help by buying your books.
Good for you. I'd be happier with kids that went to an actual good school and concentrated on their studies rather than half paying attention to their community college courses because they need to work a double shift at Micky D's after class.
 

child of wonder

Diamond Member
Aug 31, 2006
8,307
175
106
No, I'm not. The point, currently, is that paying for college is not paying for everything.

No shit.

I agree with the bolded but do not consider paying for my children's education to be "throwing money at them." There will be restrictions. They will need to study a field that they will be able to get a real job and they will need to get excellent grades. I will talk to them about their courses and show genuine interest in what they are learning in order to help reinforce that knowledge.

The only way you can justify your position is by equating "paying for college" with "paying for everything." There are plenty of ways to teach self-reliance long before they get to college.

Wouldn't paying for college 100% be a direct contradiction to a lifetime of teaching children self-reliance?
 

stlc8tr

Golden Member
Jan 5, 2011
1,106
4
76
Why put away $500k for your children's college fund? Just buy them a nice home outright for $300k and give them $200k in an investment portfolio. That will put them ahead of 95% of people with a college degree.

This is probably the dumbest thread I've ever read.

Because 18 years from now, homes will cost more than $300K? Hell, homes cost more than that now! A basic starter home in the SF Bay Area is something like $600K. That will grow to more than $1M easy in 18 years.
 

dank69

Lifer
Oct 6, 2009
35,601
29,313
136
Wouldn't paying for college 100% be a direct contradiction to a lifetime of teaching children self-reliance?
I don't know how many times I can say no. Are you going to make them reimburse you for property taxes that go to pay for their public school? Is sending your kid to private school to avoid a shitty public school also considered silver spoon treatment? Do you make your kids buy their own food and clothing? Why aren't these things contradictions if you think paying for college is?
 

child of wonder

Diamond Member
Aug 31, 2006
8,307
175
106
I don't know how many times I can say no. Are you going to make them reimburse you for property taxes that go to pay for their public school? Is sending your kid to private school to avoid a shitty public school also considered silver spoon treatment? Do you make your kids buy their own food and clothing? Why aren't these things contradictions if you think paying for college is?

It's different when the children are minors. They have no ability to do anything for themselves nor could they legally even if they wanted to. During that time I'll do my best to arm them with the tools to be successful adults.

However, as legal adults, paying 100% of their college expenses may give them more free time and relieve them of student loan debt, but is it making them a better person? What about after college and they need a car? A house?

As a parent, how much would you recommend I save and for how long should I pay for their life expenses? Perhaps $1,000,000 so I can cover everything until they're 30? After all, how good would that look on their job history if they had to work a shitty job after college? What if they had to live in a small apartment with a roommate? They'd be unhappy! I want the best for my children so I'll pay their way until they can find a job they actually want.

There is an increasing number of "helicopter parents" that don't kick their kids out of the proverbial nest and force them to fend for themselves. I don't plan on being one of those. I'll provide some financial assistance and give them a place to live in my home as long as they're proceeding towards their college degree. They'll probably have to drive a shitty car and work about 20 hours a week at a shitty job while they go to school, but they'll emerge from college with an acute sense of satisfaction of having worked hard to at least partially get themselves through school. With my financial assistance, they'll likely emerge with less student loan debt than most, but at least their college education didn't come for free from mom and dad, which I hope will make them value it and keep them humble.

Anyway, different parenting styles. Hopefully all of our children will emerge as responsible, great adults despite how differently we may raise them.
 

werepossum

Elite Member
Jul 10, 2006
29,873
463
126
America really is doomed when enough people think about higher education this way.

Good for you. I'd be happier with kids that went to an actual good school and concentrated on their studies rather than half paying attention to their community college courses because they need to work a double shift at Micky D's after class.
Probably a better course is just for parents to pay for results. If your child is making good grades in a sensible program in a good university, and you have the means, by all means pay. If your child is taking mindless drivel classes to just have a place to party, it's time they pulled their own weight. There's a huge difference in time required to degree in engineering or physics or mathematics at MIT compared to education or communications or liberal arts at a party school, and there's little point in demanding menial and ill-paid work if it damages the whole purpose of being in college.

This can be tailored for the child as well. If your child wants to be a primary school teacher there's no point in demanding she study engineering, but a parent can demand good grades at a well-respected school as well as practical ancillary courses. I'll pay for your education in education, but I want to see a 3.8 GPA and a minor in mathematics or languages or something else useful to a teacher. Good parenting doesn't have to mean "Get a job you bum."

Frankly, like Child of Wonder I wish my ass had been kicked more, but we can't extrapolate that to all college students.
 

OverVolt

Lifer
Aug 31, 2002
14,278
89
91
America really is doomed when enough people think about higher education this way.

Good for you. I'd be happier with kids that went to an actual good school and concentrated on their studies rather than half paying attention to their community college courses because they need to work a double shift at Micky D's after class.
Yea man i agree. I doubt the people who went to Yale, Harvard and the like paid their own way at Mcdonalds.

Its probably what his family has done for generations.
 
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