heavy_hitter, on 05 December 2017 - 04:41 PM, said:
CTgolf, on 05 December 2017 - 04:17 PM, said:
heavy_hitter, on 05 December 2017 - 02:09 PM, said:
As a general thumb
It isnââ‚¬â„¢t a long drive competition. You have to put the ball in the hole.
One of the problems with youth sports in this country is parents trying to put kids into college on athletic prowess at an early age. I donââ‚¬â„¢t understand people trying to equate the success of 11 year olds with moving them on to college. Just let them have fun and play. If it happens it happens.
Driving the ball 280 at 14 or shooting -4 at 11 doesnââ‚¬â„¢t hive anyone the chance of playing college golf. You donââ‚¬â„¢t know their swing, you donââ‚¬â„¢t know their disposition on the course, you donââ‚¬â„¢t know their grades.
Why canââ‚¬â„¢t kids play youth sports without labeling them as college prospects?
I would argue simple economics (scarce resources - be it time, money or both - so need to allocate them as best possible) could be one reason people are trying to project forward
If your son had two passions that he enjoyed equally, yet one had the potential to help him in the future (by helping in college admissions, getting a scholarship, or even professional aspirations) and the other was merely a â€nice hobbyâ€ he enjoyed, perhaps you would be more willing to invest *your* time and money in helping him to pursue the former?
At 7-12 years old? That is nuts. 13-14 then maybe. 15 -18 for sure. You do realize that the money it takes to play junior golf would pay for college on its own? Especially on the male side of golf where there is very little money. 4.5 scholarships per 10+ man teams for D1. DII gets 3.6 and can only offer at most to each kid 50%. High school male golfers have a 1.8% chance of playing D1 golf.
Athletics are not a good investment for college. Youth athletics are NOT about going to college. Those that think it is are living vicariously through their kids.
There may not be a truer statement I have ever read on these boards than what heavy_hitter stated above. Although still a Junior, my son will end his college career receiving 76% of his college paid for in 'scholarship' at a D1 university. This will translate to approximately $76,000 in real tuition and expenses covered by the university. I also estimate that on average (less when he was younger, more as he got older) I spent about $6,200 per year on his golf and golf related expenses since he was 3 years old. This translate to an estimated $93,000 (even writing this, I would take the over).
This would result in a net loss of $17,000 on paper, if I viewed my 'investment' in him as a college savings plan (I did not). A negative return on ROI by any measure.
To be fair, I would estimate that my son has received many benefits playing for his university as well--tournaments I could never have afforded had I had to pay for them. Benefits which are saving me thousands of dollars. Clothes, golf balls, travel expenses, golf course access, range balls, etc..., which I estimate to be about $1,000 per tournament he has played in. He will have played in about 64 tournaments (he has played them all) by the time he graduates. So on top of the scholarship it is fair to say, he will receive an additional $64,000 of value from the university. A valid argument would be, that my investment of $93,000 has actually netted him $140,000 ($76K in tuition + $64K perks) in rewards.
The final determinant on whether college golf could be considered a smart investment would be to factor in how much my investment of $93,000 would be worth his freshman year of college, had I invested it instead the day he started playing golf (3 years old). I will use the S&P 500 as a barometer. Quick math would suggest that I would have accumulated about $223,200 over that time period. ARGH!!!!!
The evidence is clear and Heavy is right. Playing golf is not an investment opportunity for you to invest in your child. If you do, you will lose 100% of the time. By my calculation, even with my son's college is 76% paid for (top 10% of all D1 college golfers in terms of percentage), I am out an estimated $130,000 net. He will have to play on the PGA tour for me to make it into the black! For me the PGA tour has never been the goal, though maybe it should be. LOL