Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now, while building a plan for financial freedom in 10 years or less.

My name is Josh Rashid. I am your host. And on today's podcast, I am going to seek to persuade you that it is financially stupid for you to send your children to expensive private schools

when compared with the alternative.

And undoubtedly, after listening to today's podcast, you're going to continue to send

your children to expensive private schools.

But I think this is an interesting discussion to have.

Why do we send our children to expensive schools? Well, of course, we want what's best for them. There are various reasons

why we would do that. But after all, most of us have access to tuition-free government schools.

We can take our children, we can enroll them into a local

government school, and they can, quote-unquote, get an education. And yet many of us take our

children out of that government school, and we enroll them into a private school of some kind,

paying thousands or tens of thousands of dollars of tuition payments in order for our

children to be well educated. Now, we do that for many reasons. The basic one is simply that we

want our children to be better off and we want to invest into our children. You can basically

sell people anything at any price if it's for the children. And undoubtedly, many of us are thinking

about that from a financial perspective. We're saying how much, maybe if I spend money on my child's

private school tuition, my child will have better opportunities in the world, better chance

to move up in the world, and a lot of benefits in life. Well, a few months ago, I was listening to a

podcast. I'm sorry that I can't remember who it was. I thought it was Brian Kaplan. Then I looked

him up and I was like, no, that's not who it was. But I was listening to a podcast and the guest

being interviewed on the podcast made the point, said, you know, it's kind of silly that we rich people spend all kinds of money

on private schools because if they just took that tuition and invested into the stock market instead,

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