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With an investment you seek a return of your principle and a profit per year from it. Here all you do is spend it and you do not get a monetary return of principle or profit on that $1million.
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Too true. Investing in your children's future is a lot different than putting your money up for grabs so some wealthy Thai can invest what you've invested and get the return for himself.
FYI an EP in this town charges 70,000 a year. There are 12 foreign teachers there earning 32,000 a month. Once I calculated every school expense I could think of, down to the copy paper. With the tuition paid to the school, all staff salaries paid, all operational expenses paid, there was about 18,000,000B left over, per year.
The classrooms were in shambles, lighting fixtures took months to be attend to, desks were at least 10 years old, sports equipment looked worse than an urban ghetto school in Harlem.
While I was there a grant came their way, I wasn't privy to the sum of course. With an unknown portion of that money they hired Burmese workers to redo the facade, improve the garden, put up an awning over the drive. Classrooms remained the same. That was four years ago and they are still the same.
Damn Nawty, with your proposed tuition expense you could build a little red school house on your property, fit it with desks, a whiteboard, a small library, a sound system and 50" TV screen. Hire a home schooler and get the neighborhood kids to join in, and charge them!
Just a thought.