Public_Universities
00:00:00.000 | Hello everybody, it's Sam from Financial Samurai and in this episode we want to talk about
00:00:04.840 | why more public schools will eventually rank higher than private schools.
00:00:08.760 | So if you have kids or if you went to college, I think this is a really interesting conversation
00:00:14.440 | that we're about to have.
00:00:15.440 | And I have here with me Sydney, my wife.
00:00:17.000 | Say hello.
00:00:18.000 | Hi everybody.
00:00:19.000 | So you may not know, but Sydney and I, we met at the College of William & Mary when
00:00:24.200 | I was a senior and she was a freshman.
00:00:26.760 | We met in Japanese 101 class and we hit it off.
00:00:29.920 | So William & Mary is a public school and when I went, the freshman and sophomore year was
00:00:35.160 | about $2,800 a year in tuition, which I thought was a great deal.
00:00:40.720 | And the main reason why I didn't want to go to a private school, I got into Babson College,
00:00:44.560 | which is a small private college, but at the time it was like $25,000 a year.
00:00:48.840 | So I thought back then going to William & Mary was good value.
00:00:52.420 | What did you think about going to William & Mary?
00:00:54.760 | I also wanted to go to a state school, not that far from home, not that big, that offered
00:01:02.280 | liberal arts and it just was a great fit.
00:01:05.000 | Oh, speaking of liberal arts, it is a liberal arts school and so many people kind of bash
00:01:09.880 | liberal arts.
00:01:10.880 | You know, they think you should go into STEM, you know, the sciences and so forth.
00:01:16.460 | But I'm not sure that's correct because I know a lot of really awkward people who are
00:01:21.680 | very one-dimensional after graduating from college and when you apply to jobs like at
00:01:27.200 | Goldman Sachs, McKinsey, any of these firms that pay pretty well, I think they're looking
00:01:32.840 | for more well-rounded people who can learn, adapt, work in teams, socialize, and communicate.
00:01:39.980 | So as a hiring manager for over 10 years or about 10 years, what are your thoughts about
00:01:44.680 | the argument that it's better to go to a liberal arts school rather than a school and focus
00:01:49.560 | on a technical degree?
00:01:51.840 | I definitely agree with what you're saying about finding well-rounded people.
00:01:56.120 | I wouldn't necessarily exclude a candidate based on going to a technical school, but
00:02:04.480 | having someone who is open-minded and able to communicate well with a lot of people and
00:02:14.200 | has a bunch of skills that can be applied to many different types of roles is really
00:02:21.120 | important.
00:02:22.120 | So yeah, and I guess technical is not the right word, you know, science, STEM stuff.
00:02:27.840 | It just seems like when you graduate college and you join any kind of job, you learn on
00:02:32.880 | the job.
00:02:34.040 | So I think the most important ability is to be able to learn, try hard, and figure things
00:02:39.640 | out and adapt rather than think, "Hey, you know these things from textbooks and these
00:02:46.160 | things from projects, and you're going to hit the ground running."
00:02:49.880 | I don't think it really is the case in most cases.
00:02:54.400 | I would agree with that.
00:02:55.800 | There's a lot of things that you're not going to be able to learn in college that's going
00:02:59.960 | to be applicable to a specific role that you're getting hired for.
00:03:04.360 | That was definitely the case for the company that I was working for.
00:03:08.640 | All of our software was proprietary, so nobody could learn that software outside of our company.
00:03:14.560 | Everything had to be learned on the job.
00:03:16.600 | But what we were really looking for were people who were detail-oriented, people who could
00:03:20.720 | follow instructions, people who could communicate well.
00:03:24.680 | Those are skills that you could pick up at any school or just in high school as well.
00:03:31.880 | But I definitely agree with your point on finding well-rounded people.
00:03:39.120 | So back to the topic about rankings, college rankings.
00:03:42.600 | I think college rankings, a lot of students and parents are obsessed with them.
00:03:47.960 | They're fun to look at, but they're frankly kind of boring in my mind.
00:03:52.400 | US News and World Report always has their college rankings every year, and it's always
00:03:56.580 | the same five, ten schools every single year.
00:04:01.440 | It's like Harvard, Princeton, Yale, yada, yada, yada.
00:04:03.880 | I've written all about that.
00:04:06.360 | To me, it just seems irrelevant.
00:04:11.280 | Why do you keep on pumping out these rankings with the same type of schools over and over
00:04:15.680 | again?
00:04:17.420 | One of the things that came out of the college admissions bribery scandal, also called Operation
00:04:22.480 | Varsity Blues in 2019, is that I was under the assumption and I was predicting that private
00:04:31.840 | schools, elite private schools, would lose some of its luster, some of its prestige and
00:04:36.480 | reputation because we found out that already wealthy families were bribing their kids'
00:04:43.960 | way into these schools in the tune of it was like 10 grand, 50 grand to $6 million.
00:04:51.360 | Schools such as Georgetown, Stanford, UCLA, which is a public school, University of San
00:04:55.400 | Diego, USC, Wake Forest, and Yale, those were the schools all involved in the scandal.
00:05:01.480 | I thought, "Well, I think the world is going to wake up to the fact that, huh, the system
00:05:07.360 | is rigged."
00:05:08.440 | You learned about the admissions criteria at Harvard where they have these really subjective
00:05:12.640 | scales and they rate people by their personality and stuff like that, and it's very different
00:05:18.720 | among races.
00:05:20.600 | It just seemed like this whole scandal would wake the world up, parents and students, to
00:05:27.000 | how rigged the college ranking system is and how it's kind of all BS in a way because you
00:05:34.680 | can just bribe your way in through the back door or through the front door.
00:05:40.600 | What are your thoughts on college rankings in general and spending big bucks on private
00:05:46.600 | universities versus going to a more affordable state school?
00:05:50.120 | I think that the rankings can be helpful when applying to college, but I don't think they
00:05:55.960 | should be taken so seriously as some people do.
00:05:59.520 | I think nobody really cares after a few years of working where you went to school.
00:06:05.040 | Right.
00:06:06.040 | The only people who care are students currently in college, the parents of students who are
00:06:12.520 | currently in college, and maybe one year out.
00:06:15.880 | The funny joke here in San Francisco Bay Area is how do you know if someone went to Stanford?
00:06:20.920 | They'll tell you in the first one or two seconds.
00:06:23.600 | It's hilarious.
00:06:24.600 | I'm assuming that's the same joke in Boston with Harvard and Connecticut with Yale and
00:06:30.760 | so forth because when you're a student, you're a cost center.
00:06:34.100 | You don't know jack.
00:06:35.100 | You just know stuff from the books and you kind of theorize how things are going to be.
00:06:40.000 | As a cost center in your early 20s, you need to be diligent.
00:06:45.200 | You need to get in on time.
00:06:46.880 | If you have to go to work on time, you got to ask how you can help and create more value
00:06:51.640 | because you're a cost center.
00:06:52.840 | You're learning.
00:06:53.840 | Eventually, you're going to start earning money for the company and so forth.
00:06:58.540 | But in that crucial time period, hustling very hard at work, I think is very important.
00:07:04.440 | In terms of the college rankings, I was very pleased to see that Forbes changed its college
00:07:09.840 | ranking methodology.
00:07:10.840 | You know, it took a break in 2020 due to the pandemic, but in 2021, it decided to increase
00:07:18.160 | the weighting of the percentage of poor students who applied and got into school as a ranking
00:07:25.640 | variable.
00:07:26.640 | So, quote, it said, "It isn't enough to ask which schools give the best return on investment.
00:07:32.700 | It's also important to evaluate what kind of students they educate and whether they
00:07:36.640 | make themselves accessible to those who can't afford high sticker prices.
00:07:41.600 | Even if like Harvard, they promise to pay full freight for the low-income applicants
00:07:45.120 | they accept, do they take enough disadvantaged students to make that promise meaningful?
00:07:50.720 | UC Berkeley does a much better job at this than Harvard.
00:07:55.320 | At Berkeley, 27% of undergraduates receive federal Pell grants aimed at helping low and
00:08:00.840 | moderate income students pay for college.
00:08:03.240 | At Harvard, by contrast, the share of Pell students is just 12%.
00:08:07.560 | Meanwhile, the Harvard endowment is tens of billions of dollars.
00:08:12.360 | And on average, 25% of students enrolled in our 600 top colleges received Pell grants.
00:08:18.200 | So Harvard is way below the average, like 60% below the average.
00:08:22.660 | So in other words, Forbes decided to look at the hard data and not just accept lip service
00:08:28.880 | from private schools.
00:08:29.880 | It's really easy for the marketers at private elite schools with massive, massive endowments
00:08:35.600 | to say that they're doing their best to provide equal opportunities for all people.
00:08:41.320 | Think about it.
00:08:42.320 | A lot of schools, their goal is to try to educate people and to help people.
00:08:46.780 | But if they really wanted to educate as many people as possible and help as many people
00:08:51.320 | as possible, they should accept more people.
00:08:54.800 | Why not accept more people and get that education, give them that education?
00:08:59.800 | The demand is certainly there.
00:09:01.520 | And further, they would also accept a higher percentage of students from low income households.
00:09:06.840 | Why wouldn't they do that?
00:09:08.040 | Well, I think we all know the reason why.
00:09:10.920 | And the reason why is once you're rich, and once you're hanging around with other rich
00:09:14.720 | people, you kind of just go with that inertia and you want to hang out with other rich people
00:09:20.520 | and other connected people and other families who are going to donate money and do this
00:09:24.980 | and that.
00:09:25.980 | And I think it's kind of sad.
00:09:27.400 | Yeah, this actually reminds me of our preschool application process where we were looking
00:09:32.760 | at a bunch of different preschools across San Francisco.
00:09:36.140 | And a lot of them will say in their marketing, "Our school values diversity and inclusion."
00:09:44.520 | And then when you go and you go to an open house, for example, or you just learn more
00:09:51.780 | about what's really going on at that school from people you know who have attended there
00:09:56.440 | and whatnot, you find out that very few of these schools are actually doing what they
00:10:02.120 | claim they are.
00:10:03.120 | Right.
00:10:04.120 | I mean, it's all lip service.
00:10:05.560 | We went to, I think, five preschool open houses, and they talked about diversity and inclusion.
00:10:11.800 | And I think most of the kids, like 90% of the kids were white.
00:10:16.480 | And it was a very homogenous environment.
00:10:19.120 | Whereas the city of San Francisco is a minority-majority city.
00:10:24.400 | Minorities are the majority, in other words.
00:10:27.040 | And so to be so different in terms of reflecting the demographics of the city felt so jolting
00:10:35.320 | to us that we decided we didn't want to send our kids to such a school.
00:10:40.780 | No matter how much they say in their marketing material or the website that they're looking
00:10:45.160 | for different types of people.
00:10:46.400 | I think it's clear, it's clear it's not true.
00:10:49.680 | We have gone to these open houses.
00:10:52.360 | And I think if you talk to people from certain elite private universities, it's so amazing
00:11:01.360 | what a high percentage of these families already come from wealth.
00:11:05.720 | Yes.
00:11:06.720 | So if you're curious about the Forbes College Rankings for 2021 and 2022, they are from
00:11:12.840 | top to bottom, Berkeley, Yale, Princeton, Stanford, Columbia, MIT, Harvard, UCLA, UPenn,
00:11:21.520 | Number 10, Northwestern, Dartmouth, Duke, Cornell, Vanderbilt, Number 15, UC San Diego,
00:11:27.080 | Amherst, USC, Williams, Pomona, UC Davis at number 20, Georgetown, Michigan, University
00:11:33.720 | of Chicago, Rice, and University of Florida at number 25.
00:11:38.600 | And I think obviously there's going to be some uproar, some pushback from the traditional
00:11:44.080 | institutions that have always been in the top 10, especially if you're an alumni.
00:11:47.340 | And that's totally understandable.
00:11:49.000 | I would fight and say, "Ah, that's BS.
00:11:53.360 | How can these schools be above my school?"
00:11:55.520 | But it's all kind of subjective.
00:11:57.920 | But if you understand the methodology, I think it is something that we need to be aware of
00:12:03.480 | and how other ranking systems, whether it's from The Economist or any other magazine,
00:12:10.160 | they are probably going to be changing their variable weightings going forward to reflect
00:12:16.960 | changing society, changing demands of society.
00:12:19.400 | And if they don't change, so if US News and World Report doesn't change, I think they're
00:12:24.560 | going to be looked at as out of touch.
00:12:28.040 | What are your thoughts?
00:12:29.040 | I totally agree.
00:12:30.600 | Times are changing and the rankings should change with it.
00:12:33.600 | Yeah.
00:12:34.600 | I mean, I think everything is changing, so you got to change with the times.
00:12:38.800 | You know, I think back to my high school days, my family didn't have the money to pay for
00:12:43.160 | $2,000 Princeton review classes and $50 an hour after school tutors.
00:12:48.360 | Instead, my parents told me to go to the library and borrow an SAT book.
00:12:52.160 | And the SAT book was already all marked up and scratched.
00:12:54.760 | And I would say 90% of the time, the answers are already filled in.
00:12:57.560 | And I'm like, "Okay, yeah, yeah.
00:12:59.600 | So that's the answer."
00:13:01.040 | I'm not properly learning.
00:13:03.520 | And so when I got a mediocre SAT score, they just told me to try again.
00:13:08.280 | And when I could score no higher, that was it.
00:13:11.540 | They weren't like in a panic, "Oh, you didn't get a 1200.
00:13:16.000 | We're going to have to put money behind you raising your score."
00:13:20.720 | They just said, "Yeah, that's the way it's going to be."
00:13:23.600 | I mean, what was it like with your family?
00:13:27.480 | Mine was similar, maybe slightly different.
00:13:30.960 | I did get my parents to get me a book from Barnes & Noble, which I don't even think exists
00:13:36.600 | anymore.
00:13:37.720 | But they couldn't help me with the studying.
00:13:40.940 | They didn't have the experience or the education to know what it was like to apply to colleges.
00:13:47.640 | And I had to figure it out on my own.
00:13:50.800 | Yeah.
00:13:51.800 | And I guess there's a definite benefit for figuring things out on your own.
00:13:56.360 | Problem solving, in other words.
00:13:58.440 | It's this indelible memory that drives me to keep Financial Samurai always free.
00:14:03.120 | I always think back to the kid sitting with me in the library, trying to study or try
00:14:08.400 | to go online and learn something.
00:14:11.160 | And if I'm going to put up a paywall, it just feels like an anathema.
00:14:14.680 | I just can't do it.
00:14:16.720 | And so I hope more and more people can learn about personal finances, learn about other
00:14:22.840 | things through this podcast or my writing for free.
00:14:25.920 | So in conclusion, I guess I want to talk about the cost of private school versus public school
00:14:32.240 | again.
00:14:33.240 | I just love this topic.
00:14:34.640 | Let's say you send your kid to private school from kindergarten through the 12th grade.
00:14:38.400 | So that's 13 years at $30,000 a year.
00:14:42.280 | That's $390,000.
00:14:45.560 | And if you let it grow, let's say you invested it instead, it probably would double to, let's
00:14:51.680 | say, $700,000 to $800,000.
00:14:54.280 | And then if you go to private university, that's another right now it's like $70,000
00:15:00.400 | all in.
00:15:01.400 | So we're talking let's say a million dollars from kindergarten through college, a million
00:15:08.000 | dollars.
00:15:09.000 | So if you could rewind back time and I told you as a 8-year-old or 10-year-old or 12-year-old,
00:15:17.320 | you know, "Daddy will give you a big, big check if you decide to go to public school
00:15:23.560 | and public university or you can go to private school and get no check."
00:15:28.880 | What are your thoughts?
00:15:29.880 | First of all, at 8 or 12 years old, I don't think I would have any understanding of what
00:15:37.760 | that really means.
00:15:39.600 | Like, "Oh, money, that sounds great."
00:15:43.040 | But I don't think a child is gonna understand that question.
00:15:50.880 | We can convert it from money to toys, to free time, to whatever.
00:15:56.520 | We can change that currency from money to something they really care about.
00:15:59.760 | Or I mean if you tell any child, "Do you want more toys?"
00:16:03.360 | They're gonna say yes, but they're not gonna really think about what they could possibly
00:16:07.360 | be giving up for that.
00:16:10.080 | Yeah, I just – the personal finance side of me just thinks, "Man, just give me the
00:16:16.680 | million dollars at age 22, 23.
00:16:19.320 | You don't have to give it to me right away.
00:16:21.040 | You can splice and dice it.
00:16:22.320 | Let's say 50,000 the first year, 60,000 next year, all that, you know, so that I don't
00:16:28.120 | blow all the money because I'm so immature."
00:16:30.920 | But it just seems like if we're going to school to get a purposeful and meaningful
00:16:35.800 | job to be able to make money, to then have our own freedom, why don't we just give
00:16:43.120 | the million-dollar check to our kids and therefore it would buy immediate freedom right away
00:16:49.120 | or they could feel little pressure so they can really pursue their dreams.
00:16:54.160 | I think that sounds great.
00:16:56.280 | However, I think everybody's circumstances are different.
00:17:00.200 | Even if you have, let's say, the same net worth as another family but you live in a
00:17:06.240 | different state or a different city, the circumstances could be totally different.
00:17:11.100 | Public schools vary so much even from one neighboring zip code to the next.
00:17:18.000 | And for me, it's just hard to break that down to something so simple because, I don't
00:17:25.040 | know, I just think there's so many variables.
00:17:27.640 | It's so simple to me because so long as you're not getting beaten up, abused, picked on at
00:17:34.920 | a school, I think you are in a good enough setting where you can learn.
00:17:40.360 | Now of course, right, if your child is just getting pummeled to a pulp every single week
00:17:46.600 | because the kids are bad and the parents are totally neglecting their own children which
00:17:51.320 | causes bullying, then yeah, you should change schools and protect your child at all cost.
00:17:57.640 | But if a school is free and it's good enough, I don't see why that's so bad.
00:18:07.020 | You know I'm going to argue the other way.
00:18:10.000 | Why though?
00:18:11.000 | Well, I just think that yes, a school is there to teach children but you have to look at
00:18:20.000 | not just necessarily if the school is public or private but also what kind of resources
00:18:24.760 | does the school have?
00:18:25.760 | What are the class sizes?
00:18:27.640 | How long have the teachers been at that school?
00:18:30.480 | What is the administration like?
00:18:33.400 | How involved is the community and the parents?
00:18:36.460 | There's just so many different variables for each individual school whether or not they're
00:18:41.720 | public or private.
00:18:43.380 | But I totally see where you're coming from, right, from a financial, you know, personal
00:18:49.720 | finance bloggers perspective.
00:18:51.080 | Of course you want to help people gain financial independence sooner rather than later and
00:18:58.440 | going to a public school versus private is a very good way to come out with more money.
00:19:09.320 | But then again, not necessarily.
00:19:11.420 | Of course it's necessary.
00:19:12.420 | But where's the money going to come from?
00:19:14.940 | Like if you attend private school, that money could be invested elsewhere.
00:19:20.140 | However, but it's not just about the cost of the school.
00:19:23.940 | It's also what happens after you graduate, right?
00:19:27.580 | How well educated are you?
00:19:29.100 | Were you pushed to your maximum potential?
00:19:31.860 | Where did you end up going to college?
00:19:33.780 | Where did you end up getting your first job?
00:19:36.660 | What kind of networks were you building?
00:19:38.420 | Yeah, I'm just going to say no to that because your view is that our decisions to go to public
00:19:45.580 | school and public university were the wrong, were the suboptimal ones.
00:19:51.500 | But I think we're living a great life.
00:19:53.380 | I was able to get a job.
00:19:54.380 | You were able to get a job.
00:19:55.380 | We were able to save money, invest.
00:19:57.100 | We were able to build a passive income portfolio so we can, we both were able to leave our
00:20:01.140 | jobs by 35.
00:20:02.820 | Now if I had gone to private school, I think my parents would be settled with a lot more
00:20:07.100 | debt.
00:20:08.100 | I think I would have felt a lot more pressure to be somebody, to make that money, to like
00:20:13.300 | try to get a return on the investment.
00:20:15.380 | But no, I didn't feel that pressure at all.
00:20:17.100 | I knew that even if I was a failure, I couldn't get any job out of college.
00:20:21.180 | I could just go back to my day job at McDonald's or my part-time job at McDonald's back then,
00:20:25.900 | you know, at $4 an hour and pay my parents back the $2,800 in a relatively short period
00:20:30.780 | of time.
00:20:31.780 | I guess, I guess where I'm coming from is I'm focused more in my head on what happens
00:20:38.740 | before you get to college, you know, grade school, private versus public.
00:20:43.860 | I know we're talking about college rankings here, but I think when you think about public
00:20:49.820 | versus private, you have to look at the whole picture of education that starts.
00:20:55.540 | That's so subjective.
00:20:56.540 | When you talk about whole picture, it's just like, how do you quantify whole picture?
00:21:01.380 | All we can quantify is what we've experienced and we experienced public schools.
00:21:06.940 | I guess you went to private school for high school.
00:21:09.020 | I went to both.
00:21:10.020 | And so you see a difference.
00:21:11.820 | But I also went to private international school when I was abroad and I just saw, okay, yeah,
00:21:17.260 | the characters or my classmates and public school were a little bit rougher, just kind
00:21:20.620 | of like my softball friends are a little bit, a little bit rougher on the edges.
00:21:24.180 | You know, you got to stand up for yourself.
00:21:26.220 | But I think these situations, this is real world here.
00:21:29.700 | The real world is a battle.
00:21:31.380 | It's not, you know, we got all the money and we can shelter our children from all of life's
00:21:35.420 | miseries.
00:21:36.420 | I guess the other way, the other thing that I'm thinking about is when you're a student
00:21:42.180 | going to college, you've learned so much more.
00:21:46.220 | You're much more mature going into college as, you know, typically 18 year old student
00:21:52.580 | versus in grade school.
00:21:56.140 | You haven't experienced life as much.
00:21:59.060 | So whether or not you go to a public or private college, I just think it's from a student
00:22:05.140 | perspective, it's very different.
00:22:06.660 | Okay.
00:22:07.660 | So you're saying you're saying you'd be more amenable to sending your child to a public
00:22:12.700 | university at an older age university?
00:22:14.900 | Yes.
00:22:15.900 | Yes.
00:22:16.900 | Okay, good.
00:22:17.900 | So I've got that down.
00:22:18.900 | So four years out of 18 years of education, we can do the public school route.
00:22:24.220 | So now I got to work on the high school, right?
00:22:26.980 | I think, I mean, I think when you're 14, I don't know.
00:22:32.220 | I don't know if you're mature or our kids will be mature enough to say, okay, going
00:22:35.500 | to public high school is good enough.
00:22:39.700 | I think it's good enough.
00:22:41.060 | Okay.
00:22:42.060 | Well, just speaking from my own experience, I was attending public school at age 14 and
00:22:49.100 | frankly I was pretty miserable.
00:22:52.060 | There was so much violence in my school and there were gangs, there were fights in the
00:22:58.620 | hallway.
00:22:59.620 | Literally, I remember walking down the hallway trying to figure out how am I going to get
00:23:03.540 | to class when these girls are cat fighting, pulling each other's hair out, screaming,
00:23:10.540 | fist fights all the time.
00:23:11.940 | How am I going to get to class safely?
00:23:15.060 | I think you were traumatized by that experience.
00:23:17.260 | I was traumatized by that and so many other experiences with bullying and whatnot.
00:23:23.900 | And I wasn't, although our school, our public school had advanced classes that I was fortunate
00:23:32.420 | to be in, I still feel like I wasn't being academically challenged as much as I could
00:23:38.780 | have and I wasn't comfortable in so many ways.
00:23:42.540 | And I ended up switching to private school in 11th grade because I begged my parents
00:23:49.340 | to get me out of there.
00:23:50.980 | Okay.
00:23:51.980 | I have a solution for our debate and our dilemma.
00:23:55.700 | And it's all about compromise.
00:23:57.740 | So in any good compromise, one person gives a little, the other person gives a little.
00:24:02.020 | Nobody gets what they want.
00:24:03.660 | So since we have two children, what we should do is send one of our children to public school
00:24:10.340 | and another one of our children to private school and then we can do a test and see how
00:24:15.500 | they turn out.
00:24:16.500 | No.
00:24:17.500 | Why not?
00:24:18.500 | No.
00:24:19.500 | Oh my God.
00:24:20.500 | It's such a no brainer.
00:24:21.500 | All right.
00:24:23.180 | In conclusion, I say to all of you, the school matters, but I don't think it matters as much
00:24:30.460 | as we all think.
00:24:32.540 | Over time, where we go to college, where we go to high school, middle school, elementary
00:24:36.660 | school, I think it's going to matter less and less because everything is online for
00:24:40.940 | free now.
00:24:42.580 | And you just have to be aware of the changing times.
00:24:45.020 | I think more public universities are going to dominate the rankings going forward because
00:24:51.060 | society as a whole is looking to be more inclusive of the middle class, the lower income and
00:24:57.060 | the poor.
00:24:58.060 | Like why wouldn't that be the right trend?
00:25:01.060 | So I think that trend will continue.
00:25:02.920 | So for those of you looking to save money or who couldn't get into a lead private school,
00:25:07.860 | I think better times are ahead for you.
00:25:11.160 | And at the end of the day, I don't really even think it matters because we have so many
00:25:15.380 | resources at hand to be able to live our lives better.
00:25:19.780 | So thanks so much for listening.
00:25:21.460 | And if you enjoyed this episode, we'd love a positive review because it'll keep us going.
00:25:26.220 | And if it's a negative review, we probably will just take a long break.
00:25:30.540 | Thanks a lot.