1. keep Trent from working in high school and college so he can study
2. Send him to a really expensive school if he wants to go
3. Pay for his schooling, all of it, and maybe graduate school
4. Offer plenty of financial support
5. Let home live at home as a young adult if he wants to
Wrong, wrong, WRONG!
Michael's plans, which initially horrified me:
1. Have him get a job early, as a teen 2. Make him pay for 1/3 of his own college costs 3. Encourage him to choose a reasonable state school 4. Make him go out on his own and pay for his own apartment and expenses shortly after becoming a young adult 5. Do not provide large doses of economic outpatient care
I just couldn't believe this plan was a good idea. It seemed so rough, and so hostile. Really, it just horrified me. Why push your kids out on their own so early?
Guess what? The successful folks the authors interviewed all fell into category 2. The anxious, in-debt-to-their-eyeballs folks with no clue how about to prosper and *lots* of fear of managing economically on their own fell into category 1.
Really expensive schooling, and lots of it, doesn't correlate with financial self confidence, ability to take care of one's self, or ability to prosper and avoid financial anxiety at all.
In some ways, it is a disadvantage.
Having a great deal of experience solving problems on your own and not getting economic support from your parents correlates very highly with all these positive traits...and with real happiness, accompanied by a low levels of financial anxiety.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
timeasmymeasure
no subject
Date: 2009-07-16 06:05 pm (UTC)1. keep Trent from working in high school and college so he can study
2. Send him to a really expensive school if he wants to go
3. Pay for his schooling, all of it, and maybe graduate school
4. Offer plenty of financial support
5. Let home live at home as a young adult if he wants to
Wrong, wrong, WRONG!
Michael's plans, which initially horrified me:
1. Have him get a job early, as a teen
2. Make him pay for 1/3 of his own college costs
3. Encourage him to choose a reasonable state school
4. Make him go out on his own and pay for his own apartment and expenses shortly after becoming a young adult
5. Do not provide large doses of economic outpatient care
I just couldn't believe this plan was a good idea. It seemed so rough, and so hostile. Really, it just horrified me. Why push your kids out on their own so early?
Guess what? The successful folks the authors interviewed all fell into category 2. The anxious, in-debt-to-their-eyeballs folks with no clue how about to prosper and *lots* of fear of managing economically on their own fell into category 1.
Really expensive schooling, and lots of it, doesn't correlate with financial self confidence, ability to take care of one's self, or ability to prosper and avoid financial anxiety at all.
In some ways, it is a disadvantage.
Having a great deal of experience solving problems on your own and not getting economic support from your parents correlates very highly with all these positive traits...and with real happiness, accompanied by a low levels of financial anxiety.
Who knew?
I didn't.
I guess we go with Michael's plan after all.