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If they warrent it, college is, I think, a responsibility...so far both my children are on track.
The rest is all situational. When I was 19, I had the opportunity to buy-in on a fledgling rafting company started by two older special ed teachers who I had run rivers with for another rafting company the previous summer.
I was short about 5K, which was a lot of money in 1977. My father and I structured a reasonable repayment plan based on my take of the profits and the salary we all payed ourselves...I also worked during school. The deal was fair, not usury.
He gave me an opportunity I otherwise could not have afforded. I repaid him well ahead of schedule.
When it came time for my first house, we repeated the same deal on a larger scale with the same results.
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1996 FJ80.
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