Ramit Sethi critiques a family's decision to enroll their children in an expensive private school, highlighting a $55,000-per-year commitment (framed as a 12-year obligation) made without a clear plan to pay beyond the first year. He questions the lack of contingency planning and raises risks like layoffs and unsustainable lifestyle commitments.
This is truly insane. They literally signed their kids up for a $55,000 a year commitment for 12 years with no idea how they're going to pay for the second year or anything beyond. They're already there at the school. What? They're in the middle of their first year. You sign them up for this school without even knowing where the money was coming from. What is the end game here? Do people who make these decisions ever stop to think, hmm, what if something goes wrong? What if one of us gets laid off? What if we can't keep up our lifestyle that we have now committed ourselves to for over a decade?
