RE: [DMCForum] Re: Paying for college

["Jack Stiefel" <jackstiefel@xxxxxxxxxxxxxxxxxxx>]

Well I guess since you had a buddy who had those opportunities given to him
and turned out poorly, we all should heed your advice and when our kids turn
18 thrust them out in the cold so they become bitter broke adults.  I too
had a similar buddy.  But there is one difference between him and I, our
parents...

I have been very lucky, my father designed a melting furnace that made us
lots and lots of money ( in fact I currently own 3 homes they bought for me
in cash, plus college was a drop in the bucket for my parents and I still
made it in 4 years and with a 3.+ gpa...I must be terribly irresponsible),
but not before I was in High School.  Before that we lived in a 1000 sq foot
ranch house and my parents worked multiple jobs.  Those jobs were for me
(not all obviously but you get the point).  They made the decision to make
me the focal point of their lives and give me whatever I needed to be a good
person.  Even then College was a must.  

I have never wrecked a car and had it replaced by them, but had I wrecked
one the insurance would have covered repairs.  I am well rounded, never
abused their generosity.  I am now 30 years old, am married and have 2 kids.
I go out now and cover the area throwing aluminum rims into my trailer as I
cover junk yards in Fl.  Not very glamorous and I am sure if I were
irresponsible I would blow off such menial work, but when we sold our old
business and decided to start another one away from competition with the new
owners, we do what is necessary to succeed.  Those who know me learn of our
success, but those who just meet me most of the time cannot tell, because I
was raised to respect everything and everyone.  To this end I intend to do
the same for my kids.  I was handed everything when I needed it and
appreciate it all.

I am sorry if I ranted, but your thoughts hit a soft spot with me.  I
thought most people look at their children as the future and would do
whatever they could to help them.  Never did I expect all parents to pay for
their kids college, only if they could.


Jack Stiefel
www.fmtimemachine.com
Direct listen link: www.live365.com/stations/radiocape
 

-----Original Message-----
From: ryanpwright [mailto:yahoo1@xxxxxxxxxxxxxx] 
Sent: Tuesday, August 24, 2004 2:15 PM
To: DMCForum@xxxxxxxxxxxxxxx
Subject: [DMCForum] Re: Paying for college

I do find it funny. One of my best friends had parents with a similar
attitude. They bought him brand new vehicles to drive as a teenager,
and when he wrecked them they bought him replacements. They paid his
insurance and gave him an "all you can eat" gas card. When he moved
out, his parents made the down payment on his house, and when he got
into >$15k of credit card debt they paid it off for him. They also
paid for his college - of which he almost got through the first year.

Not surprisingly, he's the most irresponsible person I know, both
financially and otherwise.

Teaching your children responsibility by introducing them to real life
("If you want this, you need to work for it") does not mean one looks
down on his children, or is not willing to sacrifice for them.

-Ryan

--- In DMCForum@xxxxxxxxxxxxxxx, "Jack Stiefel" <jackstiefel@xxxx> wrote:
> I guess we look at education differently.  I look at college as a
> continuation form High School, not a choice, therefore, I am
responsible for
> it.  Debt and houses??  You sir are correct.  If I have the funds to do
> those things, then yes I will, because I put my children above me, funny
> huh?
> 
> Jack Stiefel
> www.fmtimemachine.com
> Direct listen link: www.live365.com/stations/radiocape
>  
> -----Original Message-----
> From: ryanpwright [mailto:yahoo1@xxxx] 
> Sent: Monday, August 23, 2004 4:42 PM
> To: DMCForum@xxxxxxxxxxxxxxx
> Subject: [DMCForum] Re: Paying for college
> 
> 
> Good for you. I am sure your kids will appreciate it. I hope you'll
> also help them buy their first home and bail them out of debt when
> they max out their credit cards. You will, won't you? If not, I guess
> you put yourself above your kids, congratulations.
> 
> Will I help my kids with college? Of course. Will I pay the whole
> thing? Probably not. If I have the cash sitting around, I might. Will
> I sell off my DeLorean or remortgage my home to pay for it? Absolutely
> not. We're talking about adult children here. If they want to get a
> degree and make the big bucks - and I hope they do - they can invest
> some effort into paying for it.
> 
> -Ryan
> 
> --- In DMCForum@xxxxxxxxxxxxxxx, "Jack Stiefel" <jackstiefel@xxxx>
wrote:
> > I guess you put yourself above your kids, congratulations.  I for
> one will
> > make Damn sure my kids get as far in school as necessary.
> > 
> > Jack Stiefel
> > www.fmtimemachine.com
> > Direct listen link: www.live365.com/stations/radiocape
> >  
> > -----Original Message-----
> > From: ryanpwright [mailto:yahoo1@xxxx] 
> > Sent: Monday, August 23, 2004 12:34 PM
> > To: DMCForum@xxxxxxxxxxxxxxx
> > Subject: [DMCForum] Paying for college
> > 
> > Saw this on dmcnews:
> > 
> > "DUE TO MY SECOND CHILD ENTERING COLLEGE, I AM FORCED INTO SELLING MY
> > D."
> > 
> > What the heck? "Forced" into selling your DeLorean? That's the
> > stupidest thing I've ever heard. Why do parents feel they have to pay
> > for their adult child's education? And to the point of taking out
> > second mortgages and selling their prized possessions?
> > 
> > This is just stupid. When my kids are college age, I'll help them if I
> > can, but it's not going to be a free ride. Student loans and a job may
> > become necessary. I certainly won't be going into debt myself, or
> > selling my DeLorean, to provide a young adult with several tens of
> > thousands of dollars just because I'm his parent and feel "obligated".
> > 
> > Anyone with me?!
> > 
> > 
> > 
> > 
> > 
> >  
> > Yahoo! Groups Links
> 
> 
> 
> 
>  
> Yahoo! Groups Links




 
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