The better question should be is the public school more affordable than the private school for comparative high achieving students?
Quote:
|
Wealthy people tend to take tax planning very seriously. They don't look at their accountant as a chore. Check out the book , "The Millionaire Next Door by Denko or go to Money Mastery - Home and get their book ,"Money."
|
I mean, duh? Those that aren't independently wealthy aren't looking to shelter assets. They're looking to pay bills, put food on the table, cover the cost of health care, put gas in the freakin tank. What's the use of having a gazillion bucks saved up because you lived like a miser, then when you hit the golden years, the freakin' warranty is starting to wear out. Yeah, you got mucho bucks, but you need a hip/knee replaced, you're impotent, need hormone replacement therapy, hypertensive, forgetful and going blind. You can afford the fancy big car, but now you're so old, you're a hazard/nuisance to the younger drivers. Your prime years were spent in denial and now that the kiddies are all grown up, you can confortably afford nicer cans of ensure!
There is nothing wrong with financial planning. The key is to have enough to invest while maitaining a decent standard of living for yourself and your family. The more you have in income, the easier it will be. For the avg household with a median income of about $46,000, give or take a few bucks, they don't have to be homeless to not consider knoocking at your door for tax sheltering advice!