Radical Personal Finance 1080-Private Schools are a Complete Waste of Money Compared To This Alternative
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Jan 28, 2025 The discussion kicks off with a bold financial analysis, comparing the high costs of private school tuition to alternatives like public schools or home education. The speaker argues that investing that money in the stock market could provide superior long-term returns. Listeners are presented with thought-provoking insights on making financial decisions that could better benefit their children's future.
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Alternative Cost of Private School
- Investing private school tuition money in the stock market could yield substantial returns by age 40.
- This alternative cost makes the financial justification for expensive private schools questionable.
Joshua's Private School Experience
- Joshua Sheets attended private schools due to the declining quality of the local public schools.
- His family afforded the tuition through his mother's employment at the school and a tuition rebate program.
Value Proposition of Private School
- Few private school graduates achieve a $7 million net worth by age 40, despite potential social connections.
- This investment return dwarfs the perceived financial and social benefits of expensive private schools.