[newguy88]

Quote:

Originally Posted by FinanceDude Do you have any kids? Because your response sounds like a guy who never had any kids........... BTW, I never took out a HELOC to pay for that care, we just paid for it ourselves............

Raised two a daughter now a Pediatrician MD and a son with a PHD in Chemistry Now a prof at a Southern University.

I worked nights weekends, evenings. Coached three different seasons while teaching, taught summer school, taught at summer camps, threw garbage off a garbage truck one summer. Did what I had to do to pay the bills.

The best thing about the kids was they went to a public high school in NJ and get this did well and seemed to learn something even with the well bad teachers everyone says are teaching in american public schools. Then went to get this a Public State College and were able to pay tuition and living expenses without going into any undergraduate debt. Yes we paid some and they both worked. Oh this was in the mid 1990s so it still cost a bit. Then the son got into a PHD program in Chemistry at Columbia that PAID his entire 5 years of Grad school and paid him 23K per year for the 5 years with health insurance to be a teaching and research assistant. So his Ivy League degree was FREE.

Daughter took out Loans for most of her Medical school Tuition we paid her 4 year living expenses.

I know of so many parents that say oh my son or daughter wants to go to a private college and say well we will pay the 25K tuition with a loan against the house! Then get into 100K of debt for undergraduate school and now with the lose of equity well payback really is a bit&H!

It can be done. Give your kids credit and teach them resposiblity. Try and have their mothers stay at home when they are young it helps.

Just my two cents though.