Should providing your kids with a home replace saving for college tuition as the goal for parents? They can save for the house or buy now with cheaper prices and rent it out until their kid is at whatever age they deem the appropriate...maybe 20-24 for some.
Give the kids the option to begin working and help pay for it whenever they want to start (part time work at 16+). If they don't get scholarships/grants/etc they can still go to community college since it's very affordable.
Jumping into the real world with a house provided could be as big if not bigger leg up in life than going to college.
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05-25-2024, 03:08 PM #1
Should buying your kids a home replace saving for college as main goal for parents?
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05-25-2024, 03:13 PM #2
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05-25-2024, 03:15 PM #3
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05-25-2024, 03:16 PM #4
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05-25-2024, 03:19 PM #5
yes I agree parents have a duty to take care of their kids for life or least give them what they need to live on their own. But its resource allocation. If you invest into a nice house, that means no money for a nice college. Or if you want a nice college, no money for a nice house.
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05-25-2024, 03:27 PM #6
college could still be on the table -- they'll just do community college for ~$5k/year if they don't earn schloarships/grants. if they don't prove themselves in those 2 years (while preferably also working) than perhaps college isn't their route in life. if they have a paid for house to fall back on -- no biggie.
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05-25-2024, 04:08 PM #7
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05-25-2024, 04:16 PM #8
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05-25-2024, 04:30 PM #9
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05-25-2024, 04:58 PM #10
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05-25-2024, 05:06 PM #11
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05-25-2024, 05:14 PM #12
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05-25-2024, 05:26 PM #13
Didn’t read, if you as a parent buy your kids a home or pay for their college you’re an absolute retard, it means you also raised a retard. I was on full scholarship, it’s very easy to do, all you have to do is not be a ****ing retard, and if your kids can’t afford the house at some point in their 20s, then you should just rope. 100% srs
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05-25-2024, 05:27 PM #14
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05-25-2024, 05:27 PM #15
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Again with the money obsession
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05-25-2024, 05:31 PM #16
I think the main. Thing is to teach them the importance of hard work and earning what you get from that hard work. To appreciate money but not worship money. If you are rich. Then. After you instill these life lessons and they grow up then buy them a house if you are rich why wouldn't you want your kids life to be easier and better than yours?
But you have to first teach respect for certain things before you can expect them to appreciate and cherish what they are given"it takes a wise man to know when he is in error and a noble man to admit to it"
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05-25-2024, 05:31 PM #17
Throughout my entire six or so years in college, I got $400 or so from my dad and maybe $150 from my mom for various things. The rest I took care of in some capacity. I didn't save for my kids' college, but fortunately for them I get Chapter 35 benefits through the VA. My son has my old truck. He is 17 and is working full-time right now. My daughter won't be driving for another year and is working with my wife at our snoball stand. They're going to pay for some stuff since I don't have to. They both will have several thousand dollars by the time they get to college. My son has 7k right now in his savings and daughter has over 1k.
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05-25-2024, 05:37 PM #18
100% spot on OP.
The give a fish vs teach a man to fish story doesn't apply in this case because the US economy keeps getting worse and worse. The kids may not be able to earn much of a living by the time they grow up so the house and actual assets are far better.
That being said, if you can spare both, that's the best. College may be dumb as far as ROI goes for earnings but class and social standing still matter. There is a definite stigma against people who didn't go to college.thats why every civilization throughout human history for 50,000 years has restricted female's rights. except for jews, and except for the last century.
women need to be kept at home, and wear trash bags over their heads if they ever go out.
imagine all the half dog half humans we'd have running around if dogs could get women pregnant.
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05-25-2024, 05:43 PM #19
I love my daughter more than anything but I'm not saving for her to buy a house. She can live with me and her mother as long as she is an upstanding person and we can afford it. I'm putting $500 per month into a 529 that she can put towards education or roll into a Roth IRA, but it's not going to go very far and she's going to need to do her part and make her own way in the world just like her parents did.
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05-25-2024, 05:50 PM #20
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05-25-2024, 05:53 PM #21
You're setting her up to be at a disadvantage with that antiquated boomer bootstraps strategy.
Indians, Jews, Asians, they all support their kids all the way and they put more pressure on the kids to work hard, not less. Who do you think is going to do better, their kids or yours?thats why every civilization throughout human history for 50,000 years has restricted female's rights. except for jews, and except for the last century.
women need to be kept at home, and wear trash bags over their heads if they ever go out.
imagine all the half dog half humans we'd have running around if dogs could get women pregnant.
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05-25-2024, 05:57 PM #22
I stand by this statement.
Every parent should make sure their kid/kids feel like the most loved special person in the world there can never be s thing as told much love but if you value their future there are certain key lessons that must be taught. The understanding of the value of hard work, respect for authority, respect for others. These things MUST be taught and instilled at a very young age."it takes a wise man to know when he is in error and a noble man to admit to it"
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05-25-2024, 06:03 PM #23
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05-25-2024, 06:06 PM #24
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05-25-2024, 06:08 PM #25
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05-25-2024, 06:10 PM #26
Yeah we need more idiots who don't think they should have to work and feel like everyone owes them something. The problem you are describing was caused by the exact behavior you're advocating. People who don't think they should stand on their own two feet resent society for not handing them every advantage.
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05-25-2024, 06:12 PM #27
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05-25-2024, 06:13 PM #28
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05-25-2024, 06:13 PM #29
Oh, that condensed milk is incredible. We use that a lot at the stand. It's an uncharge though. We have nachos, ice cream, Sundaes, pickles, popcorn, Cokes, cheesecake, brownies, candy skewers, Nerds, gummy worms, M&Ms, chocolate syrups, and lots of other stuff to go in or on the snoballs.
Romans 6:23
1 John 1:9
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Mark 1:15
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05-25-2024, 06:16 PM #30
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I'm going to save and invest for my children, I will not tell them about it. I expect them to go to top school on academic scholarships. I expect them to choose STEM careers. If they do everything right, they won't need my help at all. But they will have earned everything they need, and that I can reward, and so they will receive the money and earnings I've put away for them.
If they fail, then I have failed, and some hardship and adversity may just be what they need to get on the right track, they'll get nothing.When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
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