Lori and Marek Fuchs have never fought in their 16 years of marriage — except over money. In this column, Mr. and Mrs. Fuchs, a real-life married couple with three kids (ages 12, 8 and 5), articulate their very different approaches to personal finance.
This round, she says he's crazy for agreeing with a columnist who says college is a waste of money. He tries to explain, but hardly gets a word in edgewise.
It’s mom vs. dad, college vs. business and a doctor vs. a guy who partied his way through college and was lucky to emerge with a degree. Who do you think will win?
Mr. Fuchs: See that article I left on your nightstand for bedtime reading?
Mrs. Fuchs: Yeah. That’s not exactly my idea of good bedtime reading. While it definitely had intrigue and tension, there wasn’t a lot of romance!
Mr. Fuchs: Romance? It was a fine opinion piece written by TheStreet’s own James Altucher for The New York Post, all about how he doesn't want his two daughters to go to college. He did back-of-the-envelope calculations and it doesn’t pay. Considering the exorbitant tuitions, the kids are much better off starting businesses.Mrs. Fuchs: Good Lord. Are we starting this again? Look, you are just going to have to pay for college you cheapskate, regardless of any back-of-the-envelope calculations Altucher might have done. And I’d like to hear what Mrs. Altucher has to say about her husband's “theories.” They shouldn’t let dads do cost/benefit analysis of college. Let me ask you, what is the purpose of college?
Mr. Fuchs: Mostly to party. And for that much money, it’s not worth it. You can learn to party more cheaply. All I needed was a bottle of Scotch and-
Mrs. Fuchs: Are these tears of laughter or sadness dripping down my cheeks? That was your purpose in college — I remember it all too well — but what do you envision college doing for our three kids?