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I think everyone's got a good point. No doubt a good eduction will always give you something to fall back on but I don't think it guarantees anything either. Unless you graduate from an Ivy League school, MIT, Stanford, to name a few. Then again, does it?
If your kid is every bit of the next Tiger Woods, Lebron James, Roger Federer, Mia Hamm, Michelle Wie, Dontrelle Willis, the talent is just too great to have him/her sit through the normal school system. Tennis in particular, most players out of college are just too "old" to compete with someone who has turned pro at age 16 or even younger.
Unfortunately talent often translates into $ signs in today's world. That, more often than not, causes disputes, not the lack of money but too much of it. I'm no financial wizard but I'm not going to go out a buy a fleet of new sports car, or some 20,000 sq ft mansion. I grew up earning my keeps, my kids will grow up the same way, too.
If your kid is talented enough to land an endorsement deal, let's just say $5 mil, can you HONESTLY say NO and insist on a higher education? I don't think Nike, Coke, McD's will want to wait around while their gem stays in the rough. If you can't say no to $5 mil., would $50 mil. make you lose sleep? And that's only from one or two endorsements.
Sorry if I sound like a money pig.....but the reality is, we all need / want it.
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