Would you sacrifice your kids education to fund your investment?

[Victor Lau]

Hey BP members! Just wanted to pick your brains and see what you would do in this situation. Right now my kid goes to a private school and tuition is pretty high, but what they teach is beyond what other catholic private school can provide. Tuition right now is more than double what a catholic School would normally charge. He’s excelling and growing in the school he’s in and would hate to interrupt that growth. He’s in elementary school right now.

So planning for our future and trying to obtain our first investment property would you transfer your kid to a catholic school so that you can save and invest the difference?

What are your thoughts? TIA!

[Account Closed]

Originally posted by @Victor Lau:

Hey BP members! Just wanted to pick your brains and see what you would do in this situation. Right now my kid goes to a private school and tuition is pretty high, but what they teach is beyond what other catholic private school can provide. Tuition right now is more than double what a catholic School would normally charge. He’s excelling and growing in the school he’s in and would hate to interrupt that growth. He’s in elementary school right now.

So planning for our future and trying to obtain our first investment property would you transfer your kid to a catholic school so that you can save and invest the difference?

What are your thoughts? TIA!

We sent our kids to private Christian school and wouldn't have done it any other way. Not just academically, but because the public schools were so brain dead when it comes to common sense and they were deeply into "social justice". I told my wife we weren't going to "raise our kids twice". That meant it had to be done right the first time, as they were growing up. Public schools, in large cities, are too political and the children are too easily influenced. You don't want your kids learning the social crap that is being taught and not learning reading, writing &  arithmetic. It turned out we were right to take the course we did when we compare what happened to the kids in the neighborhood that went off to public school.

It was expensive, it slowed down our investing in real estate and it made for a grind at times. But having a lot of real estate and having a bum of a kid  doesn't make sense to me.