January 09, 2020
Volume 50 - No. 02
By Pete Peterson
Rich people it’s been said, are different from you and me. Well, maybe not you, since you’re one of the rich ones, but certainly me. This is particularly true when it comes to childcare as we shall see – rich people face challenges Joe and Harriet Lunchbox need not face. In addition to seeing their child off to school mornings and to afternoon soccer practice, the Christmas party and the school play and the sleep overs and the doctor’s and dental appointments like the average kid, The Paper - 760.747.7119
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the wealthy parent must deal with issues of security – kidnapping, extortion - and keep their child free from those who prey on the wealthy.
Raising a child successfully as a rich person is not as easy as it sounds. (I agree. Make me rich so I can make a first-class comparison.) Still, most of us are content to follow the adage, education leads to success. Along these lines, several years ago a tongue-in-check advisory ran with the ideas that the success of your child began with get-
ting him or her into the right preschool so they could get into the right grade school, which gave them a leg up at getting into the right high school which could lead to admission to a prestigious Ivy League school. Remember that? Silly then, and silly now. But it makes a point.
While it’s true that educational achievement opens doors for kids later in life and increases the person’s chances for prosperity and happiness, much water flows under that bridge. It is also true that out-
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standing athletic skills, and I do mean outstanding, give that rare and special child a chance to make more dough more quickly than an educated person can accumulate in a lifetime. But unless your offspring has a dead eye jump shot or bends a soccer ball better than Becket, higher education is still the most dependable avenue to success. Survey after survey has shown that the aspirations of the middle class has always been toward education, education, education. First, comes