Investing for future education

[johnjm]

CAnt wait for the kids to hit varsity. It’s a fraction of he price I currently pay for their primary school. For perspective, grade 0 R90k a year and grade 000 R50k. With a third kid on the way I’m trying to decide which one should self educate the other

 

[supersunbird]

Umm nope. You're already investing using devalued ZAR. Define a long time? you've got 18 years from the time each child is born.

Have a look at Uni fees overseas: MIT is $48,500 for the year (their years are not calendar years, 2 terms, Fall & Spring).

That is currently R620k annually. Excluding books, accom, food etc.

Long time = 18 years.

If you can't save enough for that, it means you're not rich enough and have to accept that you have to settle for an SA education.

 

[The_Ogre]

/in before Bitcoin crowd

You jest, I've made enough from BTC to cover one of my kids' tertiary education.

I need to decide which one though, so I've devised a few challenges which they need to complete successfully and will tally the scores when each hit 16. Whoever loses has to work at McDonalds

 

[supersunbird]

You jest, I've made enough from BTC to cover one of my kids' tertiary education.

I need to decide which one though, so I've devised a few challenges which they need to complete successfully and will tally the scores when each hit 16. Whoever loses has to work at McDonalds

But bitcoin will probably double in month and then you can afford to send both, you'd miss out on your Hunger Games fun then though...

 

[ISP cash cow]

You jest, I've made enough from BTC to cover one of my kids' tertiary education.

I need to decide which one though, so I've devised a few challenges which they need to complete successfully and will tally the scores when each hit 16. Whoever loses has to work at McDonalds

:crylaugh: