Jeynes reviewed the research literature for clues about other possible explanations for private school achievement. Parental involvement, religiously committed parents, intact families, and caring teachers were all potential contributing factors. Jeynes also explained that religious schools encourage a religious commitment among students, which could affect achievement because of an associated religious work ethic, a stronger internal “locus of control,” and “the tendency for religious people to avoid behaviors that are typically regarded as undisciplined and harmful to educational achievement.”
Your net worth is a good start. Mortgage leverage is fine as long as you have a job in a career that has strong long term prospects. Regarding 1%, income is misleading…the key is to be able to stop work tomorrow at any age and live off of your investment income. The 1% net worth is defined from as low as $ to $. The reality is it depends on age, contingent liabilities (age of children), and where you live. I would say of you are 50, children are independent (college educated and good jobs), live in the Southeast/Southwest, and have a $5MM portfolio producing $350,000 of income with no debt puts you in the 1%. Every situation has to be evaluated separately.
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