By JAMES ALTUCHER
August 2, 2010
You can read the first six reasons, which have to do with finances (because it's a finance/investment article) at the link below, but here's the seventh item in the article:
7. Alternatives to spending $200,000 per kid so they can waste four years of their lives:http://www.dailyfinance.com/story/investing/seven-reasons-not-to-send-your-kids-to-college/19572537/
- Give them $20,000 to start one to five businesses. Most businesses fail but that's ok. The education from the process lasts a lifetime and the network you build when you start a business will lead to many future jobs and possibilities.
- Travel the world. That would be an education that pays many dividends and is much cheaper. Your kids can then go to college with a much more mature view of the world.
- Work. They won't get the best jobs but they can make money, network, get a "hands-on" education, learn the value of money and go to college in their 20s when they can afford it—and make every dollar worth it. Plus your kids will have a more clear idea of what they want to do in the world.
- Volunteer. Let them see a side of life that is harder and where they can add value. An education like that is invaluable.
- Do nothing but read. Get the benefits of a college education without paying the $200,000. I'd be happy to support a child that wants to home school a college education.