eddiez577 wrote:Blind Squirrel wrote:My wife has not one second of college experience. 6 years ago she started a company with 2 employees. Today there are over 80 employees with monthly billings comfortably exceeding $1 million per month. What should my kids think? One parent was a college educated engineer who was unemployed for a total of 3 or 4 months over the course of 20+ years and had a higher than average income. The other parent has no college background and is a relatively successful businesswoman who is now making considerably more money than college educated engineer ever did. And I wasn't cheap.
This is one of those areas where one size doesn't fit all. One of the many important issues parents struggle with and hope for the best whatever their decision.
Overshadowed Squirrel
That's what I'm talking about! Glad to hear that your wife has had success in her business. Good luck to your family
eddiez577 wrote:Does also show that dedication, persistence, goal-making and time management are great attributes to hold for HS looking to go to College.
These same attributes are found in the real world, where I personally know very successful employees and business owners who didn't go to college, but were able to develop very successful careers with the same tenets.
Like this & agree.
Like skin in the game $ responsibilty.
Thinking possibly most parents concede to not having their kids go through college. Rather figure it out on their own. Srcounge jobs that pay enough to cover rent, cost of living...
Eventually find a goal.
For those who are ambitious to try to start a business. Is it then a business loan instead of a college loan that needs to be paid off?
Just for conversation,
How about this question,
Would you rather spend $50 to $200,000 for your kid to try and start a business OR pay for them to get a degree and include the life experience earning the degree?
IMO Degree first, with skin $ in the game.
Learn how to first with life skills.
(of course may differ individual to individual but wonder the percentage that would pick one versus the other.
Guessing majority would not choose funding their young adult child trying to start a business.
Tho could be wrong!)