![]() If you do have one-in-a-million talent, though, then you have some hard financial decisions to make. In other words, if your child isn’t a true prodigy, don’t invest a crazy amount of resources just because you sniff a potential payoff down the line. ![]() ![]() You can usually tell the answer by who is doing the pushing. “It puts a huge strain on the families, and it’s very stressful,” says Ellen Winner, a psychology professor at Boston College who wrote the book “Gifted Children: Myths and Realities.” “Having a child prodigy is not necessarily a good thing.”īefore dig deep into your pocket, you need to ask yourself: Is your child just very talented at a particular skill, whether it is chess, violin or figure skating? Or are they truly a one-in-a-milion specimen? Between the ages of 6 and 10, she estimates that she spent a half million dollars on lessons, travel and other services to develop Marc’s piano talents. Department of Agriculture.įor Hui, that’s chump change. Rearing a so-called average child born in 2013 through the age of 18 is estimated to cost $245,000, according to the U.S. Eventually they moved to San Francisco, just to be near a school that could accommodate his elite talent. There was no way Hui could work, as she managed her son’s budding career and homeschooled him. ![]()
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