Am I Nuts? I have no plans sending my kids to college.

Am I Nuts? I have no plans sending my kids to college.

College degree will not make everyone rich. This is not false for me. Not few got rich even without a college degree. Not few, too, got their college degrees yet ended-up not getting richer. I am not inclined to say which one I belong. Either of the two is a reality I see everyday.

Though I am as nuts as anyone would think, I am not embarking on a serious plan for my kids on their not-so-distant college days. While others consider going to college as a grand Plan A (or to many the only plan they have), I decided why not go to my grand Plan B instead?

Milton Friedman - Four Ways to Spend Money

Milton Friedman - Four Ways to Spend Money

Here is a Milton Friedman valuable insight. Four ways to spend money:

1. Spend your own money for yourself
2. Spend your money for sombody else
3. Spend somebody else's money for yourself
4. Spend somebody else's money for somebody else

Of all these, what our government is very good at is the fourth way.

Anyway, let's begin with the first item. When you spend your own money for yourself, the tendency would be, which is true all the time, you want to have the best services and goods in