Are New Anesthesia Attendings HENRYs or are we Just HENR

[DarkHorizon]

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7 Yrs.


I think level 5 doesn't start til 20m these days If the definition is house freedom. Maybe 30 in some.
5m is needed in certain real estate vhcols for a quality home...

20-30 mil is serious wealth. That’s more than house freedom unless you really want to live in extremely HCOL with a top notch mansion type of place.

 

[Splenda88]

"Americans, in general, have indicated a retirement goal of $1.3M-1.8M, compared to physicians's retirement number average of $3.9M, in today's dollars." FB White Coat Investor page

I think that is about right.

 

[rowsdower88]

"Americans, in general, have indicated a retirement goal of $1.3M-1.8M, compared to physicians's retirement number average of $3.9M, in today's dollars." FB White Coat Investor page

I think that is about right.
View attachment 408670

How much does that give a person to spend each month?

I'll make some assumptions. Using 4% rule with $4M that gives you $160k max withdrawal. Assuming no changes in withdrawal amount over time. Assuming negligible state taxes. Assuming 70% of the annual withdrawal amount is subject to LTCG tax. Assuming annual dividend/bond return of 1.5% all of which is subject to taxes (I believe 4% rule is assuming dividends are reinvested?). Assuming 2k in annual savings account interest. Assuming no other income sources, your tax burden would be about $12k.

With all of those assumptions, you would get to live off of about $148k/yr or ~$12k/mo.

Owning rental property, factoring in social security, SORR, 401k etc... would alter that number significantly.

 

[kidthor]

Live a little. Splurging a bit on hotel costs to have an enjoyable trip is worth it.

It’s not worth it to me, but I wouldn’t hold it against anyone to splurge on a hotel. I’m just not one to be hanging out at the hotel during vacation…

 

[aneftp]

It’s not worth it to me, but I wouldn’t hold it against anyone to splurge on a hotel. I’m just not one to be hanging out at the hotel during vacation…

Everyone’s preference is different.

Like people say don’t spend money on cruise cabin suites because no one is hanging out at the cabin.

Same can be said about hotel rooms.

I don’t particularly like the beach myself. But I’m not traveling by myself so have to accommodate others.

I’m ok saying at the €60-70/night room near Pergola, IT beginning of October while our friends want to stay at some lame castle in Assisi because it’s “romantic” and willing to pay a ton of money for it.

So I can tone is down on travel when I want to.

 

[gazzer]

7 Yrs.


I think level 5 doesn't start til 20m these days If the definition is house freedom. Maybe 30 in some.
5m is needed in certain real estate vhcols for a quality home...

what was the recipe? high savings rate plus index funds? or something niche?

 

[pgg]

1 you really think your own kids are angels? They're not

2 its just not true. Lots of evidence.

Either your kids are gonna do well or they're not. Sorry

Oh for **** sake

I can't believe we're having this conversation. There is a cohort of kids in some school districts that are exceptionally disruptive and problematic. Some kids get frequent suspensions, bully other kids, steal things, vandalize things, and are otherwise disruptive. They often target other students, and if your kid is one of the students who is targeted, your "evidence" of equivalent outcomes 15 years later in life aren't worth the p-values some researcher shat out to get his study published.

You don't see those kids in private schools, because the root of the problem isn't so much the disruptive kids, as it is their parents who don't care about education, or simply aren't present in the first place. Private schools are a way to escape some of the social ills of public districts that must cater to a markedly lower bar for the lowest common denominator.

Things like AP classes can do some good with regard to separating the troubled kids from the high achievers, but that only goes so far. And it doesn't work at all in middle schools where there isn't much of an advanced academic path offered at all.

But thanks for net-splainin' to me that bothsidesbad.jpg can be applied to my "not angel" kids.

 

[pgg]

Everyone’s preference is different.

Like people say don’t spend money on cruise cabin suites because no one is hanging out at the cabin.

Same can be said about hotel rooms.

I don’t particularly like the beach myself. But I’m not traveling by myself so have to accommodate others.

I’m ok saying at the €60-70/night room near Pergola, IT beginning of October while our friends want to stay at some lame castle in Assisi because it’s “romantic” and willing to pay a ton of money for it.

So I can tone is down on travel when I want to.

I went on a trip a few weeks ago to exciting rural Ohio and stayed at a Day's Inn for about $65/night. I was by myself and the only thing I needed was a bed, roof, door, and shower. I was only there to sleep. I was out all day every day.

Next time I might spring for the $85 Best Western though. The Day's Inn was quiet, but just a little bit too much of a dive, even for me. I just couldn't make myself pay more for the swanky lakefront hotels when I'd only ever see the room and the parking lot.

When traveling with my wife the bar is a fair bit higher. 🙂

 

[deleted87051]

Our daughter once stayed at this place when she and her friend went to FYF Fest. It wasn’t my fault. Her friend’s dad booked it for them. The uber driver was worried about them when he dropped them off. He stayed in his car and waited until they were in their room. 😂

Backpackers Paradise Hostel Pool: Pictures & Reviews - Tripadvisor

See photos and read reviews for the Backpackers Paradise Hostel pool in Inglewood, CA. Everything you need to know about the Backpackers Paradise Hostel pool at Tripadvisor.

www.tripadvisor.com

 

[emergentmd]

Just got back from a $1200/nt hotel that was 1200sqft overlooking the lazy river/pool and golf course. I have been to water park/hotels that were like $400/nt.

I will tell you the experience is night and day.

No lines. No kids running amok. Teens without parents were respectful. Parents always around their elementary school aged kids. Polite staff. No long lines. Pool service came over every 15-30 minutes.

Price may be too much for some to stomach, but anyone who says its a similar experience is lying to themselves.

 

[emergentmd]

Our daughter once stayed at this place when she and her friend went to FYF Fest. It wasn’t my fault. Her friend’s dad booked it for them. The uber driver was worried about them when he dropped them off. He stayed in his car and waited until they were in their room. 😂

Backpackers Paradise Hostel Pool: Pictures & Reviews - Tripadvisor

See photos and read reviews for the Backpackers Paradise Hostel pool in Inglewood, CA. Everything you need to know about the Backpackers Paradise Hostel pool at Tripadvisor.

www.tripadvisor.com

I stayed at similar accommodations pre attending. #NeverAgain

 

[Splenda88]

Just got back from a $1200/nt hotel that was 1200sqft overlooking the lazy river/pool and golf course. I have been to water park/hotels that were like $400/nt.

I will tell you the experience is night and day.

No lines. No kids running amok. Teens without parents were respectful. Parents always around their elementary school aged kids. Polite staff. No long lines. Pool service came over every 15-30 minutes.

Price may be too much for some to stomach, but anyone who says its a similar experience is lying to themselves.

It's not similar experience compared to the relatively affordable ones in my opinion. I used to stay in these $200-300/night (2-3 stars) hotels, and once I tried a 4+ stars, I noticed a HUGE jump in quality/services etc....

One of my best friends who is a radonc told me one day that he does not see to point to spend > $300/night. I told him to try something more luxurious once, which he did (~$600/night) and he never went back to regular place.

For whatever reason, these people believe they are serving a clientele of rich people (which might not be the case); therefore, they got the sh***t together.

 

[emergentmd]

As I have gone through my journey of dirt poor childhood to poor medical student on Ramen to upper middle class early attending to #5 PGY29, I have learned a great deal about money, finances, dealing with money.

Net worth is sometimes deceiving.

PGY 27, my NW prob broke into Level 5 but I never felt rich. Most of my NW was in IRAs, RE, business which are not very liquid. Income was good but liquidity was probably only 1-2 months of income. Some months we took big vacations, big unexpected expenses and I would have to pay the min on credit cards until the next check came. Tax time comes and had to sell a RE property a few times. By my calculations, some months my liquid assets(get cash in a week) was about 0.3% of my NW. I never felt rich.

PGY 29, my NW has increased a good amount but now my liquid assets is about 5% of my NW. My goal is to get my liquid NW to 5M in the next 2 yrs. Only now as a PGY29 do I feel rich. I have essentially no money concerns.

Point is, someone with 10M but all in IRAs, RE, home, business do not feel rich. Someone with 10M in mostly liquid assets feels rich. There is a huge difference in the two.

 

[emergentmd]

It's not similar experience compared to the relatively affordable ones in my opinion. I used to stay in these $200-300/night (2-3 stars) hotels, and once I tried a 4+ stars, I noticed a HUGE jump in quality/services etc....

One of my best friends who is a radonc told me one day that he does not see to point to spend > $300/night. I told him to try something more luxurious once, which he did (~$600/night) and he never went back to regular place.

For whatever reason, these people believe they are serving a clientele of rich people (which might not be case); therefore, they got the sh***t together.

Unless we are doing an overnight layover just to sleep, I will never book something less than a 4-5 stars again.

It is like someone saying they would never pay for a $200 steak because it is similar to outback. Unless you try it, it is night and day. I have never had a good <$50 steak.

 

[eyeeye_captain]

It is like someone saying they would never pay for a $200 steak because it is similar to outback. Unless you try it, it is night and day. I have never had a good <$50 steak.

I don’t know what your scene is like, but I haven’t had a steak in the $200+ range any better than something nicely done at $50-75, and good food is the one thing I splurge on and make a hobby out of. I’ve gotten crazy good Michelin star tasting menus for cheaper.

 

[Splenda88]

I don’t know what your scene is like, but I haven’t had a steak in the $200+ range any better than something nicely done at $50-75, and good food is the one thing I splurge on and make a hobby out of. I’ve gotten crazy good Michelin star tasting menus for cheaper.

$50-75 steaks at michelin restaurant?

 

[eyeeye_captain]

$50-75 steaks at michelin restaurant?

Not always, but not uncommon for the average really good steak to be ~$75 if you’re not in some crazy market, certainly not over $100 if you’re not talking some form of true wagyu. Tasting menus including give or take 6-8 oz steaks can be/are often under $200.

 

[emergentmd]

I don’t know what your scene is like, but I haven’t had a steak in the $200+ range any better than something nicely done at $50-75, and good food is the one thing I splurge on and make a hobby out of. I’ve gotten crazy good Michelin star tasting menus for cheaper.

Just checked places I have been too
Outback steakhouse Ribeye $32
Saltgrass steakhouse Ribeye $48
Nice steakhouse Tomahawk steaks $170+

If you ever see a tomahawk steak at a nice steakhouse, try it. This may be the best cut I have ever had.

TBH, even a $75 steak ends up being 150+PP after Tip, appetizer and a drink.

 

[aneftp]

Just got back from a $1200/nt hotel that was 1200sqft overlooking the lazy river/pool and golf course. I have been to water park/hotels that were like $400/nt.

I will tell you the experience is night and day.

No lines. No kids running amok. Teens without parents were respectful. Parents always around their elementary school aged kids. Polite staff. No long lines. Pool service came over every 15-30 minutes.

Price may be too much for some to stomach, but anyone who says its a similar experience is lying to themselves.

It’s like going on 3 day carnival alcohol booze Walmart cruise ($250 per person) vs the new ritz cruise ship (min 15k a person)

But trump doesn’t let me deduct more than $2000 for cruise anymore

 

[Splenda88]

It’s like going on 3 day carnival alcohol booze Walmart cruise ($250 per person) vs the new ritz cruise ship (min 15k a person)

But trump doesn’t let me deduct more than $2000 for cruise anymore

Have you gone on that cruise? I plan to do it when my net worth is > 5m

 

[emergentmd]

It’s like going on 3 day carnival alcohol booze Walmart cruise ($250 per person) vs the new ritz cruise ship (min 15k a person)

But trump doesn’t let me deduct more than $2000 for cruise anymore

Why can't you if it is used for business?

Just went to Asia for a trip and deducting the whole trip. My CPA said it is legit.

Looking to take a business to Bora Bora maybe next yr that will likely run 40+K, should be fully deductible.

 

[emergentmd]

It’s like going on 3 day carnival alcohol booze Walmart cruise ($250 per person) vs the new ritz cruise ship (min 15k a person)

But trump doesn’t let me deduct more than $2000 for cruise anymore

I tried to like cruises but just brought back bad memories. I think most of this is from going to cheap cruises. Pool smelled like 50% chlorine and hazy. Food was basic but people acted like it was their last meal. Kids running everywhere without parents. People cutting in line like food was running out. Never again.

If my family every really want to go on a cruise, it will be on one of those Ritz.

 

[aneftp]

Why can't you if it is used for business?

Just went to Asia for a trip and deducting the whole trip. My CPA said it is legit.

Looking to take a business to Bora Bora maybe next yr that will likely run 40+K, should be fully deductible.

Cruising to a write off - Molen & Associates

First things first, let’s remember our general rules that before we can deduct a business expense it must be ORDINARY and NECESSARY.

molentax.com

Many of these trips are grey areas

If they audit every cme write off like Alvin Bragg went after trump for stormy Daniels. 90% of business owners would end up with 34 felony convictions

But considering New York State probably spent 20 million convicting trump that would be over turned. The max tax savings back to the state with trump was likely 1/20 of the cost of prosecuting him. A horrible return on investment going after every shady tax deduction.

And it would be infinitely unwise to go after everyone small business owner who did this. But that’s why Biden pardon his own family members who own their own small business as well.

Oops. I went off again on Alvin Bragg.

 

[finalpsychyear]

As I have gone through my journey of dirt poor childhood to poor medical student on Ramen to upper middle class early attending to #5 PGY29, I have learned a great deal about money, finances, dealing with money.

Net worth is sometimes deceiving.

PGY 27, my NW prob broke into Level 5 but I never felt rich. Most of my NW was in IRAs, RE, business which are not very liquid. Income was good but liquidity was probably only 1-2 months of income. Some months we took big vacations, big unexpected expenses and I would have to pay the min on credit cards until the next check came. Tax time comes and had to sell a RE property a few times. By my calculations, some months my liquid assets(get cash in a week) was about 0.3% of my NW. I never felt rich.

PGY 29, my NW has increased a good amount but now my liquid assets is about 5% of my NW. My goal is to get my liquid NW to 5M in the next 2 yrs. Only now as a PGY29 do I feel rich. I have essentially no money concerns.

Point is, someone with 10M but all in IRAs, RE, home, business do not feel rich. Someone with 10M in mostly liquid assets feels rich. There is a huge difference in the two.

You are a pgy 29 now meaning you became an er attending in ur early 30s and now r in your mid 50s with 25-26 years as an attending?

 

[finalpsychyear]

Everyone’s preference is different.

Like people say don’t spend money on cruise cabin suites because no one is hanging out at the cabin.

Same can be said about hotel rooms.

I don’t particularly like the beach myself. But I’m not traveling by myself so have to accommodate others.

I’m ok saying at the €60-70/night room near Pergola, IT beginning of October while our friends want to stay at some lame castle in Assisi because it’s “romantic” and willing to pay a ton of money for it.

So I can tone is down on travel when I want to.

Recently in europe. Stayed at only 5 star hotels. Big difference in the 700-900 usd rooms vs the 500 dollar room we stayed our final night even though all 5 stars... ac didnt work ridiculous but it was what it was.

 

[emergentmd]

You are a pgy 29 now meaning you became an er attending in ur early 30s and now r in your mid 50s with 25-26 years as an attending?

ER attending at 28, but close

 

[deleted87051]

Just checked places I have been too
Outback steakhouse Ribeye $32
Saltgrass steakhouse Ribeye $48
Nice steakhouse Tomahawk steaks $170+

If you ever see a tomahawk steak at a nice steakhouse, try it. This may be the best cut I have ever had.

TBH, even a $75 steak ends up being 150+PP after Tip, appetizer and a drink.

Isn’t a tomahawk a bone-in ribeye with a big Flintstones bone still attached?

 

[emergentmd]

Isn’t a tomahawk a bone-in ribeye with a big Flintstones bone still attached?

Yeah. By far my favorite.

 

[cchoukal]

Yeah. By far my favorite.

He means that you're paying $170 for a ($48) ribeye steak and a bone that you don't eat.

 

[sloh]

Isn’t a tomahawk a bone-in ribeye with a big Flintstones bone still attached?

Haha gotta take those food recs with a huge grain of salt.

 

[eyeeye_captain]

He means that you're paying $170 for a ($48) ribeye steak and a bone that you don't eat.

To be fair, the bone helps keep you from overcooking the overly thick/large steak so it tastes better. It’s a pretty cool showpiece, and if you actually gnaw on it or get some marrow then those are nice extra bites. I haven’t seen one that wasn’t wagyu for over $125 this year at the good places.

I’ve never really understood going past 8-16 oz of steak unless you’re dead set on having little else for the meal, and I lean heavily toward the carnivore end of the spectrum.

 

[aneftp]

He means that you're paying $170 for a ($48) ribeye steak and a bone that you don't eat.

Sorta. Everything is tax deductible.

So $100 steak means $70 in real value
Vs $60 steak costs $42

I calculate everything as 30-33% off give or take when deducting business.

I’m sure it’s figures in emergentmd calculations as well hotels travel etc.

Still spending money but psychological feels like you are getting a discount for premium services

I go over to try cybertruck forums and and not informed people see trucks reselling for 70k and laughing at how much the owners are losing and I’m trying to explain to them 30-50% of these same owners took section 179 deductions so aren’t exactly loosing anything (they are suppose to recapture the cost when reselling especially before 5 years) but most small business do not.

 

[eyeeye_captain]

Since it’s free money, anybody having fun with their CME?

This year was awful for big meetings from my perspective - Long Beach is very meh and Orlando isn’t much better.

I’m looking forward to next year - Montreal and New Orleans should be way more fun.

 

[aneftp]

Since it’s free money, anybody having fun with their CME?

This year was awful for big meetings from my perspective - Long Beach is very meh and Orlando isn’t much better.

I’m looking forward to next year - Montreal and New Orleans should be way more fun.

Free money? I don’t get any free cme. It’s all run through the business. When I was with the university its was free cme but they were strict on cme and build ur own cme city/hotel u want to visit as self employed.

I go to the Florida fsa annually the last 7 of 9 years in Palm beach ) didn’t got this year cause I was traveling to elsewhere

 

[cchoukal]

To be fair, the bone helps keep you from overcooking the overly thick/large steak so it tastes better. It’s a pretty cool showpiece, and if you actually gnaw on it or get some marrow then those are nice extra bites. I haven’t seen one that wasn’t wagyu for over $125 this year at the good places.

I’ve never really understood going past 8-16 oz of steak unless you’re dead set on having little else for the meal, and I lean heavily toward the carnivore end of the spectrum.

Sort of. Any ribeye with the bone-in would have same impact on the temperature gradient (having cooked ribeye at home dozens of ways hundreds of times). The kids get the cap that ends up more done, I get the eye that's more or less medium, and the Mrs. gets the rare part near the bone. AND the tomahawk IS a great showpiece!

 

[cchoukal]

Since it’s free money, anybody having fun with their CME?

This year was awful for big meetings from my perspective - Long Beach is very meh and Orlando isn’t much better.

I’m looking forward to next year - Montreal and New Orleans should be way more fun.

During my academic career, I went to a LOT of meetings, none more fun than New Orleans and Montreal!

 

[UscGhost]

Oh for **** sake

I can't believe we're having this conversation. There is a cohort of kids in some school districts that are exceptionally disruptive and problematic. Some kids get frequent suspensions, bully other kids, steal things, vandalize things, and are otherwise disruptive. They often target other students, and if your kid is one of the students who is targeted, your "evidence" of equivalent outcomes 15 years later in life aren't worth the p-values some researcher shat out to get his study published.

You don't see those kids in private schools, because the root of the problem isn't so much the disruptive kids, as it is their parents who don't care about education, or simply aren't present in the first place. Private schools are a way to escape some of the social ills of public districts that must cater to a markedly lower bar for the lowest common denominator.

Things like AP classes can do some good with regard to separating the troubled kids from the high achievers, but that only goes so far. And it doesn't work at all in middle schools where there isn't much of an advanced academic path offered at all.

But thanks for net-splainin' to me that bothsidesbad.jpg can be applied to my "not angel" kids.

Curious though.

If some poor public schools/neighborhoods negatively impact the futures of intelligent kids with high potential..and provide them less advantages and more hurdles than their less inherently talented peers.

Then shouldn't college/employers factor that in? If so, how?

 

[Splenda88]

Curious though.

If some poor public schools/neighborhoods negatively impact the futures of intelligent kids with high potential..and provide them less advantages and more hurdles than their less inherently talented peers.

Then shouldn't college/employers factor that in? If so, how?

Life is not fair. Sorry.

 

[PpfSuxTube]

Curious though.

If some poor public schools/neighborhoods negatively impact the futures of intelligent kids with high potential..and provide them less advantages and more hurdles than their less inherently talented peers.

Then shouldn't college/employers factor that in? If so, how?

this isn't 8 mile or gangstas paradise these guys are talking about. All these guys live in multi million dollars home in top neighborhoods. They're in excellent school districts.

Any possible reason they have for attending private school in these settings mostly bull****/vanity.

 

[Splenda88]

this isn't 8 mile or gangstas paradise these guys are talking about. All these guys live in multi million dollars home in top neighborhoods. They're in excellent school districts.

Any possible reason they have for attending private school in these settings mostly bull****/vanity.

That is a little bit strong

Well, one of the posters said it is for religious reason; that is legitimate IMO.

Also, you can not discount the networking argument.

For instance, you probably live in a class A neighborhood as a physician, and I am sure where you live there are plenty safe class B neighborhoods in the same school district you did not even consider despite the money you would have saved.

Classes of Property in Real Estate: A, B, C & D Neighborhoods Explained

Learn about the classes of property in real estate and the difference between A, B, C and D neighborhoods.

realwealth.com

 

[amyl]

I used my cme $ for a new lap top and all my new state license and dea etc.
looking for ideas for next year….

 

[PpfSuxTube]

That is a little bit strong

Well, one of the posters said it is for religious reason; that is legitimate IMO.

Also, you can not discount the networking argument.

For instance, you probably live in a class A neighborhood as a physician, and I am sure where you live there are plenty safe class B neighborhoods in the same school district you did not even consider despite the money you would have saved.

Classes of Property in Real Estate: A, B, C & D Neighborhoods Explained

Learn about the classes of property in real estate and the difference between A, B, C and D neighborhoods.

realwealth.com

Religion is the highest form of bull****.
Networking for teenagers or younger? Seriously? These guys are already in class A neighborhoods. Is there a class above A?

The class argument i get. We live in a class B home that has some elements of C, but its in a class A school district and very close to top amenities just not right on our doorstep.

by doing this we did save 1m Or more on our mortgage and basically don't have to worry about keeping up with the neighbors. We didnt do all of this on purpose it mostly just happened.
We wanted this school district above all else as criteria for purchase. Well I did. My wife wasn't thinking about that
We have a pilot couple a few streets down from us. Their kids are private schooled and 1 is a real brat. The other is ok. Their parents are basically not involved or interested in them much. When the kids were very young they had round the clock nanny care instead of their parents as family... being a good person or parent doesn't get you into private school. Money does. And money can keep your kids there, if your kid is a lousy so and so...

Theres just as much bullying in private school as there is public school just different, possibly more psychological

 

[maxxor]

Religion is the highest form of bull****.
Networking for teenagers or younger? Seriously? These guys are already in class A neighborhoods. Is there a class above A?

The class argument i get. We live in a class B home that has some elements of C, but its in a class A school district and very close to top amenities just not right on our doorstep.

by doing this we did save 1m Or more on our mortgage and basically don't have to worry about keeping up with the neighbors. We didnt do all of this on purpose it mostly just happened.
We wanted this school district above all else as criteria for purchase. Well I did. My wife wasn't thinking about that
We have a pilot couple a few streets down from us. Their kids are private schooled and 1 is a real brat. The other is ok. Their parents are basically not involved or interested in them much. When the kids were very young they had round the clock nanny care instead of their parents as family... being a good person or parent doesn't get you into private school. Money does. And money can keep your kids there, if your kid is a lousy so and so...

Theres just as much bullying in private school as there is public school just different, possibly more psychological

This is very local.

The richest part if my city which has many 4-5 million dollar homes had honestly one of the worst public school systems I’ve ever seen. White flight can do weird things to areas that are now heavily appreciating due to proximity to jobs.

Seems most people send their kids to private schools located in the same area.

I personally didn’t want to spend that much in tuition so I moved farther out to the better districts.

 

[Account1]

Religion is the highest form of bull****.
Networking for teenagers or younger? Seriously? These guys are already in class A neighborhoods. Is there a class above A?

The class argument i get. We live in a class B home that has some elements of C, but its in a class A school district and very close to top amenities just not right on our doorstep.

by doing this we did save 1m Or more on our mortgage and basically don't have to worry about keeping up with the neighbors. We didnt do all of this on purpose it mostly just happened.
We wanted this school district above all else as criteria for purchase. Well I did. My wife wasn't thinking about that
We have a pilot couple a few streets down from us. Their kids are private schooled and 1 is a real brat. The other is ok. Their parents are basically not involved or interested in them much. When the kids were very young they had round the clock nanny care instead of their parents as family... being a good person or parent doesn't get you into private school. Money does. And money can keep your kids there, if your kid is a lousy so and so...

Theres just as much bullying in private school as there is public school just different, possibly more psychological

I don't think the bullying argument is worthwhile anymore. That's really been curtailed at most schools especially ones where professionals' kids go. Even if not, bullying won't hurt ya too bad, it's really a non issue for most kids after graduation

 

[pgg]

this isn't 8 mile or gangstas paradise these guys are talking about. All these guys live in multi million dollars home in top neighborhoods. They're in excellent school districts.

Any possible reason they have for attending private school in these settings mostly bull****/vanity.

You're very confident about something you seem to know little about.

Many public school districts serve poor and wealthy areas.

I've never lived in a $multimillion home in my life. Granted, location has a lot to do with that. If my house/land was in the OP's neighborhood it'd be 8 figures easy. But out here in the sticks it's under $1M.

I don't know why you're so perplexed at the notion that a single public school can have kids from a physician household in the top 1-2%, and kids from broken families living in poverty. This is pretty common outside of VHCOL areas.

 

[Ronin1]

It all is variable. In my last two neighborhoods on the east coast with deep water and beach access no one goes public because they are poor rated school that are mainly populated from bad neighborhoods. It’s just that the sliver of elite neighborhoods fall on the same district. So it’s either private or magnets. But once again it’s my money

 

[emergentmd]

Any possible reason they have for buying new cars, living in nice neighborhoods, eating at nice restaurants, going on nice vacations, buying a boat, buying a nice watch, dressing in nice clothes, nice gym memberships, nice jewelry, nice furniture, nice homes in these settings mostly bull****/vanity.

FIFY

Someone needs a hug. Thanks for telling me where to spend my money. Next time I spend money on a new Jet ski, I will be sure to run it by you first.

 

[emergentmd]

It all is variable. In my last two neighborhoods on the east coast with deep water and beach access no one goes public because they are poor rated school that are mainly populated from bad neighborhoods. It’s just that the sliver of elite neighborhoods fall on the same district. So it’s either private or magnets. But once again it’s my money.

No one needs to justify why or where they spend their $$$. If The local public is excellent and have no issues, it is still my and only my choice if I wanted to send them to private.

 

[UscGhost]

Life is not fair. Sorry.

Thats true. But since colleges and employers find value in seeking out applicants from disadvantaged areas.. shouldn't they be allowed to since life isnt fair?

 

[deleted87051]

Religion is the highest form of bull****.
Networking for teenagers or younger? Seriously? These guys are already in class A neighborhoods. Is there a class above A?

The class argument i get. We live in a class B home that has some elements of C, but its in a class A school district and very close to top amenities just not right on our doorstep.

by doing this we did save 1m Or more on our mortgage and basically don't have to worry about keeping up with the neighbors. We didnt do all of this on purpose it mostly just happened.
We wanted this school district above all else as criteria for purchase. Well I did. My wife wasn't thinking about that
We have a pilot couple a few streets down from us. Their kids are private schooled and 1 is a real brat. The other is ok. Their parents are basically not involved or interested in them much. When the kids were very young they had round the clock nanny care instead of their parents as family... being a good person or parent doesn't get you into private school. Money does. And money can keep your kids there, if your kid is a lousy so and so...

Theres just as much bullying in private school as there is public school just different, possibly more psychological

Private schools can be real pressure cookers. Some kids will thrive but there will be others who don’t. Some public schools can be just as bad. I work with a neurosurgeon who attended this school. He told me he is lucky to be alive given all the stupid s*** they did in very fast cars while he was in HS. He still races but on a track these days.

Two Tragic Years at L.A.’s Most Elite Private School

At Harvard-Westlake, four students, two alumni and one parent have taken their own lives. The community grapples and grieves as it tries to prevent it from happening again.

www.hollywoodreporter.com