THE LIFETIME VALUE OF SKILLS BASED EDUCATION

The average cost to raise a child to age 17, not including college, is $230,000. 7% or about $16,000 is for non school expenses like tutoring, music lessons, camp, travel, sports equipment and similar character building experiences.

In the 1980s, I was part owner of company called The France Experience (it is no longer in business) that offered educational trips to France for high school students. 

I think that educational travel experiences have the following major benefits.

1 Seeing other cultures and learning more about the world.

2 The benefit of practicing speaking a language in real life situations.

3 The long term benefit of learning to be independent and taking care of yourself.

You can see some examples of these educational travel benefits in a 5 minute video that shows testimonials from the France Experience travel video here. 

What is the LIFETIME VALUE for having your child save $100,000 by age 30? I believe that learning Smart Spending and being on track to save $100,000 by age 30, will give the average person a secure financial future. The lifetime value of actually saving $100,000 by age 30, is similar to point number 3 above. It helps a young person become independent and get a good start in life.

Many students are good in certain subjects, but don't discover their career until many years later. When your child becomes an expert with their money, they will have an ability that very few of their peers have. They will then have the confidence that they can succeed in life.