When you have children, providing the best education you believe in can make a big financial difference.
The best schools are often located in expensive areas, so owning a property in those areas can imply a bigger investment than in other areas.
It can also be a difficult choice: how much are you willing to invest in your children’s education if that has a direct impact on when you achieve FI?
You can see it as an opportunity to build assets that generate more money while you are still in your accumulation phase.
If you think you’ll be much happier by being FI, your children will benefit from your happiness.
- In the different scenarios, what will your children do in their free time? Is the free time in one scenario much more enriching? – What will your children miss by going to one school or the other?
Our decision meant we had to postpone being FI and it somehow shaped the type of life we have.