In my last post, I asked the question about what you would do in a situation where you need to invest in your career while keeping your children in private school. What I would do, and as a matter of fact, what I really did when I was in that situation was to send my children to public school in order to allow me finish my PhD. I know the discussion is a difficult one because it has emotional component to it. But, think about it this for a moment. Your ability to continue keeping or even increasing your standard of living depends on progression in your career. If you break that cycle, you will find yourself in a rat race. Getting out of the rat race is not easy. Suspending your children's private school temporarily will not prejudice their education. Secondly, there are good public schools where one can get quality education. Sometimes, people create myth over public education. On the other hand, not investing in your career can put you in a situation where you may never be able to pay for private education of your children.
The question arises because of my observation of executives I teach business English. Whenever there is a problem with the economy, the first thing they do is always to cancel the course while continuing with other aspects of their lifestyle. It is important to let people know that when they need to invest in their careers the most is when the economy is in a downturn. However, many do the contrary. Think about this!
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