Public Versus Private School for Your Kids

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?

Should you choose the best school you believe in and consequently postpone FI? Or should you become FI and compromise on the school you choose? Let’s dive further by seeing the pros of the two scenarios.

Public Versus Private School for Your Kids

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While you might not be able to achieve FI in the short term if you go for this option, it doesn’t mean you have to wait until your children finish school to achieve it.

Postponing FI and Choosing the Best School

You can see it as an opportunity to build assets that generate more money while you are still in your accumulation phase. You might end up achieving FI a few years later, but with a more comfortable setup.

The freedom of FI can be positively life-changing. Happy parents are a great influence on children. If you think you’ll be much happier by being FI, your children will benefit from your happiness.

Choose FI and Compromise on the School?

Although the school can have a big impact on our lives, it certainly isn’t the only factor to success in life. With the right influence and stimulus, most people can be quite successful.

You can ask yourself a few questions that might help you choose the best option for you: – What will your children miss by going to one school or the other?

Questions to help you decide

– If you need to move to a different location, what will you and your children miss by moving? – If you decide to compromise on the education for your children, will you be able to balance that compromise with something else?

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