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I admire this guy for making sacrifices to educate his daughters well. (And it seems like he's succeeded...Rhodes Scholars aren't exactly common.) It looks to
by auntienomen 11y ago
I admire this guy for making sacrifices to educate his daughters well. (And it seems like he's succeeded...Rhodes Scholars aren't exactly common.) It looks to me, however, like he's might have failed in one important aspect.
He should have taught them from an early age about budgets and outlier expenses and the real costs of things (e.g., good school district for them, not much work for his wife). Instead, he's kept them in the dark, to the point of burning retirement savings on a wedding.
No one is born knowing how personal finance works, and learning the hard way sucks. Parents have an obligation to educate their children about this stuff. It's tragic that so frequently, after learning the hard way themselves, they hide everything from their kids, and in doing so, set the kids up for the same set of hard knocks.