This is a fiscally conservative website, so take that to heart. I'd guess 80+% of BH's would say the #'s don't support what OP wants to hypothetically spend. Personal finance is much more personal than finance. Many on here won't say it, but the "off the court" issues are way more telling than the math, in fact, it's the personal stuff that causes the math problems, not the other way around. I'd start with a realistic plan based off current income (no inheritances, no raises, etc.) and play the golf ball as it lies.We are planning on starting private school at 5th grade (elementary runs from K-4 in our school zone), if we do it at all. Private college is definitely out of the question without some kind of massive scholarship I would say.
The public high school is my primary concern, as I mentioned above it is in the bottom quartile of TN public high schools and TN, itself, is anywhere from 31-40th (depending on your source) in terms of strength of state public education.
If I had to narrow down all of the issues put forth, I think the one that jumped out the most is the insistence on private k-12 (I know in this case 5-12, but I'm using the entire K-12) education but ruling out private for college. If you go to an in state college there is no mathematical value to private k-12 that can be considered. An employer is rarely (if ever) going to ask you about high school with a resume that has a state school for college. I have never heard of this. If you are on the Ivy track and private k-12 gets you there, then it's all part of a big plan, then that's fine assuming you can afford it, but private anything k-12 to then go to state undergrad makes no sense to me.
Statistics: Posted by deltaneutral83 — Tue Feb 13, 2024 1:28 pm — Replies 33 — Views 1288