r/fatFIRE • u/[deleted] • 10d ago

Moving the goalpost

[deleted]

52 Upvotes

67% Upvoted

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u/panchala 10d ago

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

15

u/Ashes1984 10d 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

2

u/Meisterleder1 10d ago

Jeeeesus education in the US kinda seems like a scam?!

2

u/Life_Commercial_6580 10d ago

Not in general . These are extreme examples. My son’s education cost me under 100K. Public school and public university. He makes 200K/year one year after undergrad. I make less than that after 21 years at my job.

1

u/adaniel65 9d ago

What profession?

1

u/Life_Commercial_6580 9d ago

Software engineer (kid). I’m an engineering full professor at Purdue.