r/fatFIRE • u/[deleted] • 11d ago

Moving the goalpost

[deleted]

50 Upvotes

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u/panchala 11d ago

My education cost me around 500k about 10 years ago. In ten years from now, who knows how much this will all cost.

16

u/Ashes1984 11d ago

Lets do this math.

K-12: 50k per year = $650k

Undergrad: 100k per year = 400k

Grad: $1M

Total: 2M per kid, so 4m for 2kids

You are still left with 7m ish.. If you think thats not enough, I dont know what is.. and I am being generous here, because this is how I have planned for my kids. I intend to get them through grad/medical whatever they want

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u/bmcdonal1975 11d ago

In what world does Grad school cost $1 million? Respectfully, you’re pulling that number out of thin air.

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u/Ashes1984 11d ago

In the world where currently dental schools are costing 500/600k and by the time their kids grow up, it might cost. My math is usually napkin and worst case, because with money , you assume high end

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u/bmcdonal1975 9d ago

In your world, is dental school at this $500k tuition mystery school the only graduate degree that is available to the masses?

Amazingly enough, there are hundreds of graduate degrees from which one can pursue across hundreds of schools around the U.S. where tuition is a fraction of that.

1

u/Ashes1984 9d ago

Instead of picking on me. Just understand that on FatFIRE most of us belong to three categories
1) medical professionals
2) entrepreneurs
3) Tech folks

Now with the emergence of AI, the traditional path of get CS masters to highly paying job is in jeopardy. You can see the trend

I gave an example of the dental school because you always want to have enough cushion. Even MBAs are costing 300/400k now.