Onerous parents!

One of my clients asked me this morning about children's education. He has 2 children who are supposed to complete Form v and Form vi simultaneously. He is much worrying of the coming happenings of his children's academic excellency; which future college (oversea or local) be they attended; how much fund be adequate to support the education etc.

He is considered as one of the contemporary anxious parents who has bound with onerous duty. Most typical contemporary anxious parents are contaminated with ideological "tuition syndrome" and "chasing paper syndrome"!

Parents who have striven to keep their progenies' minds open to every possibility and opportunity automatically assigned themselves with commitment to set aside enough education money for each of their children to go to colleges. Most of their worries anchor to assumptions and expectations rather than facts.

They are just eager to make their children be graduated with U degrees as an entry level before their children could make a first footstep into the work-places. They also sacrifice their time a long way to guide and observe their children as a priority in their life. Some are even struggling more for not only keeping their offsprings be facilitated with good tuition money. They also have to support aging parents financially. Hence allow themselves to live at subsistence way.

It's really amazing how voguish ideas about life planning have become.

Most of my clients don't think about whether their commitments make sense. They think these are expected of them, and they're worried that they haven't yet been able to accomplish them. By the time they turn fifty five; the time that above and beyond retirement. Often they're found astounded with empty saving box! Worst even their children are still due to be graduated!

I accent the foolishness of trying to do more than is possible, and the attribution of comparing yourself to others. At some point in your life you must accept the fact that you are not hero and must come to terms with your own limitations. Unless you're lucky enough to become a successor of a golden hill!

Come on parents, you should set aside the question of whether or not you should give whatever resources to your children for higher education. The simple truth is you probably won't be able to do that. And the answer isn't to give up; it's to do the best you can financially if you have weighed the pros and cons and have justified with your retirement plan.