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Re: Work Less, Live More: US Health Insurance?
Old 04-14-2006, 10:25 PM   #21
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Re: Work Less, Live More: US Health Insurance?

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Originally Posted by Sam
ESRBob,

I forgot to mention one thing about your book, WLLM.* Somewhere in the first portion of the book, you mention "private schooling".* Sounds like you're saying that sending young kids to private schools is a waste of money, a way to keep up with the Joneses.

With due respect, I totally disagree with you on that logic.* When my kids were in elementary school, I made a promise to myself that I would work hard, save money, live below my mean, in order to be able to send them to reputable, challenging, demanding private schools before they reach the sixth grade.* I chose the school based on tangible data:* Average SAT score, graduation percentage, % going to college, and most importantly which colleges graduates end up going to.* The cost of sending my two kids to private school is about 25% of my gross annual income, and there is no tax advantage.* I have no regret yet.

So, your view on private school might be valid in some cases, but not in all cases.

Other than that, I like your book a lot.

Regards,

OK, I don't have kids, but I am wondering if the pay off is really there.

My partner of 18 years went to private school her entire life - grade school through college. *I went to public school my entire life - grade school through college. *We both have four year degrees. *For the last 18 years, I have made at least 50% more money than she has. *She has a degree in English (thank God because I can't spell) and I have a degree in Business MIS (IT).

My parents were able to set up trust funds for my brother's kids' education at state colleges. *Her parents have not been able to fund any of their grand children's college.

In addition, by brother is 18 months older than I am. *We both work in the IT field. *He has a 2 year degree and I have a 4 year degree yet we have always been very close in salary. *My point is that the degree itself may help get the first job, but after that I'm not sure how much it matters. *I have always felt that he has a genius for figuring out how things work. He is also very introverted which lends itself well to computer programming and I am very extroverted.

The book, "Emotional Intelligence", *explains the theory that people skills are a better predicator for getting jobs and promotions than IQ and perhaps formal education. *There are also genetics and natural skills involved.

I spoke to a good friend at work who was sending his grade school children to private schools but couldn't afford to save for their college because of it. *I pointed out that a college degree might be more important and have a bigger impact then where they went from K - 12. *Maybe it would be better to send the kids to public schools and pay a tutor for the subjects the kids are having difficulty with ? *This might stretch the dollars farther than sending them to private schools.

I guess I would say, if you can afford private schools and still fund your own retirement then great. *But I think of our family doctor (and a few coworkers who are financially struggling to send the grade schoolers to private school), who put three kids through private school K - Ivy league college. *Two of the three kids decided to be stay at home parents. *Our family doctor is flat out broke (not just because of the private schools) and is retired for health reasons.

I guess my point is that there are many predicators for having a successful career and education and the money spent on it is only one of them.

It's an interesting debate.

Best regards,

-helen
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Re: Work Less, Live More: US Health Insurance?
Old 04-15-2006, 08:17 AM   #22
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Re: Work Less, Live More: US Health Insurance?

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I don't have a solution for the healthcare crisis in the US.* I do think that if one can not invent something great, why not just copy the existing best?* Serveral european countries, Japan, and even our neighbor Canada have a working system...
I used to work for a European company. The "locals" would repeatedly point out how superior their heath care system was. I would ask how much are their taxes? I also noticed that when I heard about significant medical issues with their parents there was always a section about "waiting for something." I think that that is true for all "universal health insurance systems." There is an element of rationing going on. If you want to go outside the system, it costs a little more. I know that for about ten euros you can get right in to see a GP in Belgium. Without the little extra, it might take a week.

The US has insurance for those that pay. It's not cheap. There's a lot about the US system that runs the cost up and it would be nice to start fixing the items that do increase the costs. I think if we just implemented "free" heathcare we would see the same type of rationing occur. Then the evening news would be non-stop stories of poor, pathetic people not being able to get their heart-lung transplants because of government red tape. Of couse, that would only be when a Republican was in the White House. With a Democratic president, the evil doers would be the radical Republicans in the House refusing to be compassionate. The outcome would be the same. Rationing. Not spending "enough" on healthcare for the poor.

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Re: Work Less, Live More: US Health Insurance?
Old 04-15-2006, 02:49 PM   #23
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Re: Work Less, Live More: US Health Insurance?

Quote:
Originally Posted by Helen
I guess my point is that there are many predicators for having a successful career and education and the money spent on it is only one of them.


-helen
Of course there are many predictors for having a successful career other than education.* And there are many examples of non-traditional educations preceding successful careers, financially successful and otherwise.* But, I don't feel out of line saying that the option of obtaining a quality education appropriate to the field you wish to pursue is a great thing to have.* And sometimes, at least here in the good ole U.S. of A.,* private schools are the only quality education in sight.*

Many of our public school systems are top-notch.* Many aren't.* Much inconsistency. We have a lot of work to do.

I attended the Chicago Public School System from k - 12.* I know of what I speak.



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Re: Work Less, Live More: US Health Insurance?
Old 04-17-2006, 02:45 PM   #24
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Re: Work Less, Live More: US Health Insurance?

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Originally Posted by Helen
OK, I don't have kids, but I am wondering if the pay off is really there.
Helen,

Each family situation is different.* Private school is definitely not for everyone.* When I decided long ago to send my kids to a private school, it was not because the kids were doing bad in school.* It was because they're doing great.

However, I also knew that they were not "super self-motivated".* I was afraid that they would not be able to reach their full potential if they stayed in a medium in which they are consistently at the top.* By putting them in a proven more competitive environment, I simply raised the bar.* The kids subconciously moved along with the new bar.

Sam
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