College in the US
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Why would you do that? What if she wants to be a ballerina?7
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I guarantee you that with enough money you can reserve a spot at Harvard. The bad news is that for your 4-year old the world in 20 years is simply not going to need humans doing anything that colleges are teaching today.5
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JeromeBarry1 wrote: »I guarantee you that with enough money you can reserve a spot at Harvard. The bad news is that for your 4-year old the world in 20 years is simply not going to need humans doing anything that colleges are teaching today.
If that happens, I will welcome our new AI overlords.1 -
livingleanlivingclean wrote: »Why would you do that? What if she wants to be a ballerina?
She can be whatever she wants, I want to give her options in life that I never had.1 -
livingleanlivingclean wrote: »Why would you do that? What if she wants to be a ballerina?
She can be whatever she wants, I want to give her options in life that I never had.
So put money away in a trust (or something) so that when she gets to that stage it's not tied up in a college she has no interest in attending.5 -
livingleanlivingclean wrote: »livingleanlivingclean wrote: »Why would you do that? What if she wants to be a ballerina?
She can be whatever she wants, I want to give her options in life that I never had.
So put money away in a trust (or something) so that when she gets to that stage it's not tied up in a college she has no interest in attending.
True. But can't do a trust as her gold digging mother will try and take it from her.0 -
Do you have 30-150k laying about?
How much does Harvard cost?
I wouldn't be trying reserve a spot at a sprucing university, I would just save the cash so in 15-20 years your child has options.
They might not want to go to college or the college you reserved a spot in. She might not have the grades etc3 -
529 account ftmfw2
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Do you have 30-150k laying about?
How much does Harvard cost?
I wouldn't be trying reserve a spot at a sprucing university, I would just save the cash so in 15-20 years your child has options.
They might not want to go to college or the college you reserved a spot in. She might not have the grades etc
Yes that is why I want her to learn about finance, so she can manage the money I leave her and set up future generations with wealth.0 -
Motorsheen wrote: »529 account ftmfw
?0 -
Motorsheen wrote: »529 account ftmfw
?
Look it up.
It's a tax free savings program for educational purposes.
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I entered straight out of high school, at age 18. I don't know about smartypants majors or huge colleges, but I do know that, for best results, living at home is highly recommended.3
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What age do they go to college? Can I pay now to reserve a spot for my kid (she's 4) at one of the best ones like Havard? What are the best ones in terms of Finance, Business or Economics?
Most college freshman are age 18-19 and start applying to colleges in their senior year of high school- age 17-18 typically. Some are older, some are younger. Some kids go to one school for a few years and then transfer to another school.
You'd have to consult the specific schools for their admission policies but I don't think you can reserve a spot 14 years in advance or would want to if you want to teach your child good money management. You know zero about your child's academic ability or career interest at age 4.
You and your child should visit schools together when she is older to find a school that will suit her best.5 -
You can usually sign up for Harvard like the day before you want to go. It's pretty easy to get into.7
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SomebodyWakeUpHIcks wrote: »You can usually sign up for Harvard like the day before you want to go. It's pretty easy to get into.
yeah, all you really need is a driver's license; Harvard accepts most everybody.
Just be warned, parking can be a real hassle there.2 -
Do you have 30-150k laying about?
How much does Harvard cost?
I wouldn't be trying reserve a spot at a sprucing university, I would just save the cash so in 15-20 years your child has options.
They might not want to go to college or the college you reserved a spot in. She might not have the grades etc
Yes that is why I want her to learn about finance, so she can manage the money I leave her and set up future generations with wealth.
Your kid can develop financial literacy without majoring in finance. I was a science major and I knew the basics (thanks to my parents and my own research) before I even got to college. Maybe that's why I made smart choices and lived within my means as a young person. I have my finances in order, I'm not in debt, I feel secure in my retirement plans and investments, and I live comfortably - all without college training in finance.
You can major in whatever you want as long as you are smart about allocating resources. You don't have to be rich to be happy and/or financially stable. And you won't necessarily end up in a job in your major field anyway. Like I said, I'm a science major but I ended up in a totally different field. I might as well have studied ANY field and I still would have ended up in the same career. That's true for a lot of people I know as well...
And Harvard is more of a prestige university anyway. There are many, many other quality schools out there that don't take special connections or an outrageous sum of money to attend. Good luck with your research.
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You cannot reserve your spot at Harvard, nor any other American university lol. That's not how it works here, at all.2
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You cannot reserve your spot at Harvard, nor any other American university lol. That's not how it works here, at all.
I'm actually curious now if this happens elsewhere.
However, I don't doubt for a second that some of these Ivy schools get paid under the table to educate some of the world's "finest" kin.
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vespiquenn wrote: »You cannot reserve your spot at Harvard, nor any other American university lol. That's not how it works here, at all.
I'm actually curious now if this happens elsewhere.
However, I don't doubt for a second that some of these Ivy schools get paid under the table to educate some of the world's "finest" kin.
Special consideration is given to "legacy" applicants. And that's not limited to Ivy League. But.....they are not admitting dummies, or even people of average intelligence, to their schools, whether they are legacy or not lol.
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First rule of finance.......determine ROI. And the I, or investment, at Harvard is significant. And he chances of gietting in are very slim. Best learn Time Value of Money and get a reputable financial advisor. Much cheaper, and more accessible, than Harvard lol.
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Motorsheen wrote: »Motorsheen wrote: »You cannot reserve your spot at Harvard, nor any other American university lol. That's not how it works here, at all.
well, we of the Kennedy clan find humor in your post.
The Kennedy clan doesn't have to pose questions about college entrance to MFP, so I'm guessing the OP isn't related, nor approaching their stature.0 -
What age do they go to college?
Usually around 18. I started at 17 but turned 18 in December. That was normal.Can I pay now to reserve a spot for my kid (she's 4) at one of the best ones like Havard?
No.What are the best ones in terms of Finance, Business or Economics?
It varies, I wouldn't predict 14 years in advance, and the best US schools (IMO) don't tend to specialize that much in college -- finance or business would be a business school (post BA/BS) degree for the most part if you are aiming for the most competitive/biggest bang on the resume schools. Econ is a standard social science major that any liberal arts school will have, though.0 -
Motorsheen wrote: »SomebodyWakeUpHIcks wrote: »You can usually sign up for Harvard like the day before you want to go. It's pretty easy to get into.
yeah, all you really need is a driver's license; Harvard accepts most everybody.
Just be warned, parking can be a real hassle there.
Only in the Yard.2 -
You have to get accepted into the college before you can pay or attend. They look at high school transcripts so there is no way a 4 year old would be accepted.1
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Motorsheen wrote: »Motorsheen wrote: »529 account ftmfw
?
Look it up.
It's a tax free savings program for educational purposes.
I don't live and work in the US, though0 -
Cutaway_Collar wrote: »I'd love for my kids to attend wharton or the sorbonnes. But I would let them choose. Driving them into a career and being helicopter parents never works.
Like the person above... my wife tells me the same thing, what if your daughter wants to be a ballerina.... and they are gonna grow up spoiled and entitled anyway. My father was able to enforce discipline because he was a poor, middle class man who clearly knew life and had the bravery to disappoint his kids.
I don't want to be a helicopter parent, I'm already protective of my kid. I descend from peasants too, so I know disappointment all too well lol.
I just want to give her options.0 -
What age do they go to college? Can I pay now to reserve a spot for my kid (she's 4) at one of the best ones like Havard? What are the best ones in terms of Finance, Business or Economics?
Most college freshman are age 18-19 and start applying to colleges in their senior year of high school- age 17-18 typically. Some are older, some are younger. Some kids go to one school for a few years and then transfer to another school.
You'd have to consult the specific schools for their admission policies but I don't think you can reserve a spot 14 years in advance or would want to if you want to teach your child good money management. You know zero about your child's academic ability or career interest at age 4.
You and your child should visit schools together when she is older to find a school that will suit her best.
Thanks for the info. I can try and pass on knowledge, but I'd rather she learnt from the best.0 -
Do you have 30-150k laying about?
How much does Harvard cost?
I wouldn't be trying reserve a spot at a sprucing university, I would just save the cash so in 15-20 years your child has options.
They might not want to go to college or the college you reserved a spot in. She might not have the grades etc
Yes that is why I want her to learn about finance, so she can manage the money I leave her and set up future generations with wealth.
Your kid can develop financial literacy without majoring in finance. I was a science major and I knew the basics (thanks to my parents and my own research) before I even got to college. Maybe that's why I made smart choices and lived within my means as a young person. I have my finances in order, I'm not in debt, I feel secure in my retirement plans and investments, and I live comfortably - all without college training in finance.
You can major in whatever you want as long as you are smart about allocating resources. You don't have to be rich to be happy and/or financially stable. And you won't necessarily end up in a job in your major field anyway. Like I said, I'm a science major but I ended up in a totally different field. I might as well have studied ANY field and I still would have ended up in the same career. That's true for a lot of people I know as well...
And Harvard is more of a prestige university anyway. There are many, many other quality schools out there that don't take special connections or an outrageous sum of money to attend. Good luck with your research.
This is true. I have others on the list like the University of Chicago, but who knows what she will like.
Sounds like your parents did a good job raising you.1
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