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Replacing My Kid’s College Fund with a “Start Something” Fund

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Re: Replacing My Kid’s College Fund with a “Start Something” Fund

#11

Post by jccooper »

finolex1 wrote: post #6
jaclaz wrote: post #5

I don't know. Basically this means more or less that on the day your son (or daughter) becomes 18 you put on the table 2,000x100 US$ bills in a few neat stacks and ask him/her whether he/she likes it better to: 1) Study (hard) for the next 5 years (possibly in a remote city), living with one or more co-students in a tiny apartment and receive - say - some 500-600 bucks each month for petty expenses OR: 2) get - here…

I daresay the experience of hustling and trying to build a company is a valuable form of education even for the 80 who fail

Sure, but what's important from college is not education, but credentials. The credit given for having a failed company on your resume is significantly less than for a BA of any sort.

Re: Replacing My Kid’s College Fund with a “Start Something” Fund

#14

Post by hashkb »

finolex1 wrote: post #6
jaclaz wrote: post #5

I don't know. Basically this means more or less that on the day your son (or daughter) becomes 18 you put on the table 2,000x100 US$ bills in a few neat stacks and ask him/her whether he/she likes it better to: 1) Study (hard) for the next 5 years (possibly in a remote city), living with one or more co-students in a tiny apartment and receive - say - some 500-600 bucks each month for petty expenses OR: 2) get - here…

I daresay the experience of hustling and trying to build a company is a valuable form of education even for the 80 who fail

Compared to a rigorous comprehensive education, social development, and near total lack of responsibility, starting a company at 18 is not "good" experience.

18 year olds are idiots (source: was one) and are simply not capable of managing organizations of adult humans.

Re: Replacing My Kid’s College Fund with a “Start Something” Fund

#17

Post by soneca »

AznHisoka wrote: post #15

Why not do both? You have so much time in college you can strt a side business in those 4 years. Yes college is a lot of assignments but looking back, you realize you could have still graduated doing 50% less work.

Well, in the article he does say that college is still an option after the company if it fails

Re: Replacing My Kid’s College Fund with a “Start Something” Fund

#18

Post by nopzor »

jccooper wrote: post #11
finolex1 wrote: post #6

Earlier quoted context omitted.

I daresay the experience of hustling and trying to build a company is a valuable form of education even for the 80 who fail

Sure, but what's important from college is not education, but credentials. The credit given for having a failed company on your resume is significantly less than for a BA of any sort.

I thought the credentials showed that you had completed the (purportedly valuable) education?

Re: Replacing My Kid’s College Fund with a “Start Something” Fund

#19

Post by eeZah7Ux »

jaclaz wrote: post #5

I don't know. Basically this means more or less that on the day your son (or daughter) becomes 18 you put on the table 2,000x100 US$ bills in a few neat stacks and ask him/her whether he/she likes it better to: 1) Study (hard) for the next 5 years (possibly in a remote city), living with one or more co-students in a tiny apartment and receive - say - some 500-600 bucks each month for petty expenses OR: 2) get - here…

> Study (hard) for the next 5 years

I don't think colleges in US can be as hard as universities in some european counties. Especially where universities are free.

I would be curious to hear if there are some exceptions.

Re: Replacing My Kid’s College Fund with a “Start Something” Fund

#20

Post by emodendroket »

eeZah7Ux wrote: post #19
jaclaz wrote: post #5

I don't know. Basically this means more or less that on the day your son (or daughter) becomes 18 you put on the table 2,000x100 US$ bills in a few neat stacks and ask him/her whether he/she likes it better to: 1) Study (hard) for the next 5 years (possibly in a remote city), living with one or more co-students in a tiny apartment and receive - say - some 500-600 bucks each month for petty expenses OR: 2) get - here…

> Study (hard) for the next 5 years I don't think colleges in US can be as hard as universities in some european counties. Especially where universities are free. I would be curious to hear if there are some exceptions.

I only attended one university but it was quite a lot more rigorous than anything I'd done up to that point in my life.
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