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What if they have a few kids in college? Even a public college can cost, what, $35,000 these days if out of state? What if they want to do a startup but they al
by larrys 15y ago
What if they have a few kids in college? Even a public college can cost, what, $35,000 these days if out of state? What if they want to do a startup but they already have kids in private college? Sorry kids, I want to do a startup please switch to the instate public college.
My point is simply that there are other circumstances and picking an absolute number seems to be biased toward younger people with no obligations.
- philwelch 15y agoMost parents, even parents with kids in college, get by on less than $150,000 a year. Kids can get scholarships and student loans. Actually, a lot of private colleges give need-based scholarships, so by taking your compensation as a lower salary today followed by lucrative equity compensation after you exit, you can usually end up minimizing the amount you pay out of pocket for your childrens' tuition.