Quote:
Originally Posted by NYNick
If you've got to budget 1/4 mil for racing alone, I can see where you'll get to the $400K number very quickly.
And your daughters must be very young for you to be budgeting 1/2 mil for each one of them for college, the biggest federally co-sponsored, unregulated, industrial rip off in the land.
Thank God I'm done with those. Writing those big checks to those schools hurt.
I made a deal with my kids. Any scholarships you get and use, I'll refund 50% of any money you save upon graduation. One of them went into NROTC at a high end college. I wrote him a big check upon graduation, and I was happy to do it. Better him than them.
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It was 4-5 year ago we had this conversation, so it took me a few to figure out how I had gotten to that number. I think I had plugged $2.5M for racing over a 10-15 year period. That was back when a privateer could still run a car in Grand Am and not everything was factory built. You used to be able to share a seat in a Cayman or Miata in ST class for a whole year for pro-am racing for under $1/2M. Now even the cheap seats are twice that and the cars are factory built $1/4M plus spares package just to hit the grid.
My kids are little. Penny is just potty training right now. April is 8. Here they are visiting me in my office a couple of days ago.
My first semester at Cal for $872 was tuition. By the time I graduated it was more than $4k a semester. I can't even imagine what it will be at a private school in 10 or 15 years. I 100% agree that it's the 2nd biggest rip off in America exceeded only by health insurance and drugs. I'm glad that school and medical are the two big issues in this election, even if a lot of the ideas being bandied about are totally unfeasible. We need to start pushing it the other way at some point or America is gonna go broke. We, collectively as a nation, cannot continue to spend 20-25% of our personal income on health care. I spent over $40k on myself in 2019 with my current health issues. Only $10k of that was insurance and rest of it was my out of pocket!!!