Comments on: WSJ: Teaching your kids about money http://www.iwillteachyoutoberich.com/blog/wsj-teaching-your-kids-about-money/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Sat, 21 Nov 2009 06:31:52 -0800 http://wordpress.org/?v=abc hourly 1 By: Philip Dhingra http://www.iwillteachyoutoberich.com/blog/wsj-teaching-your-kids-about-money/comment-page-1/#comment-183 Philip Dhingra Thu, 02 Jun 2005 06:40:00 +0000 http://www.iwillteachyoutoberich.com/blog/wsj-teaching-your-kids-about-money#comment-183 I would do what my parents did, which is to do whatever I can to make sure my kids don't have to work while in undergraduate education. I'd also try to aim for a debt-free graduation. This offer, depending on how wealthy I am, would probably only extend to public universities. If they aren't being productive with their summertime, then I'd require them to pay an amount that I think they could earn with a summer job. As for grad school, I wouldn't offer any, unless they were really hard-pressed on it, in which case I'd help them some. This would hold even if they wanted to be a doctor. Because if they were sure enough about the value of their dreams, they'd back it with their own money. The last thing I want is someone who free-loads to get a Masters or Ph.D. only to back-out of using those advanced degrees. I would do what my parents did, which is to do whatever I can to make sure my kids don’t have to work while in undergraduate education. I’d also try to aim for a debt-free graduation. This offer, depending on how wealthy I am, would probably only extend to public universities.

If they aren’t being productive with their summertime, then I’d require them to pay an amount that I think they could earn with a summer job.

As for grad school, I wouldn’t offer any, unless they were really hard-pressed on it, in which case I’d help them some. This would hold even if they wanted to be a doctor. Because if they were sure enough about the value of their dreams, they’d back it with their own money. The last thing I want is someone who free-loads to get a Masters or Ph.D. only to back-out of using those advanced degrees.

]]> By: Ramit Sethi http://www.iwillteachyoutoberich.com/blog/wsj-teaching-your-kids-about-money/comment-page-1/#comment-182 Ramit Sethi Wed, 01 Jun 2005 19:40:13 +0000 http://www.iwillteachyoutoberich.com/blog/wsj-teaching-your-kids-about-money#comment-182 My little brother, ladies and gentlemen. My little brother, ladies and gentlemen.

]]> By: Maneesh Sethi http://www.iwillteachyoutoberich.com/blog/wsj-teaching-your-kids-about-money/comment-page-1/#comment-181 Maneesh Sethi Wed, 01 Jun 2005 19:37:53 +0000 http://www.iwillteachyoutoberich.com/blog/wsj-teaching-your-kids-about-money#comment-181 Interesting item about finance: pound for pound, a hamburger costs more than a new car. Sure, its like buying several thousand hamburgers at once, but which really gives you longer lasting enjoyment? The burgers (which, based on how much I am eating now, would last maybe 5-7 days), or a car, which can last 7-10 years if they are taken care of? (Sorry I ended a sentence in a preposition). -Maneesh www.maneeshsethi.com Interesting item about finance: pound for pound, a hamburger costs more than a new car. Sure, its like buying several thousand hamburgers at once, but which really gives you longer lasting enjoyment? The burgers (which, based on how much I am eating now, would last maybe 5-7 days), or a car, which can last 7-10 years if they are taken care of?

(Sorry I ended a sentence in a preposition).

-Maneesh
http://www.maneeshsethi.com

]]> By: FMF http://www.iwillteachyoutoberich.com/blog/wsj-teaching-your-kids-about-money/comment-page-1/#comment-180 FMF Wed, 01 Jun 2005 15:01:48 +0000 http://www.iwillteachyoutoberich.com/blog/wsj-teaching-your-kids-about-money#comment-180 We plan to pay half of our kids' college costs. They can earn their half through working, scholarships, whatever -- and we plan on matching it. We plan to pay half of our kids’ college costs. They can earn their half through working, scholarships, whatever — and we plan on matching it.

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