THE BLOG
12/15/2014 05:04 pm ET Updated Feb 13, 2015

9 Holiday Gifts for High School Seniors Instead of Paying for College

In the spirit of the holiday, how about getting your kids something more special than yet another pair of ear buds? Instead of plunking down $240,000 on a college degree that will probably lead to a position as a Cleanse Consultant at Cold-Pressed Juicery, here is a list of gift ideas that will truly bring joy and financial security to your high school seniors:

1. Seven BMWs: One every five years for the next 35 years.

2. A "starter" co-op in Brooklyn. Yes, it's on the first floor and faces a wall. But your kid will get to live in Bushwick, a "burgeoning" neighborhood. And at 432 square feet it's larger than most dorm rooms.

3. A trip around the world in a private jet: A tad indulgent, but just think about the networking options with fellow passengers, all retired CFOs. And because the tour is only $108k, you'll have enough left over for a paid internship at the Weinstein company (yes, you can pick this up as a charity auction item online).

4. Two Birkin bags: Use them in health, then sell on ebay.

5. 3000 shares of Uber (exact amount to be adjusted when it goes public): If you invested $1,000 in Amazon at the IPO, it would now be worth $239,045, a much more impressive ROI than most college educations.

6. A 3-D Printer : A decent one, the kind you can use to make a burger or an extra kidney.

7. A marijuana farm in Humboldt county.

8. A VIP event hosted by your daughter or son at Coachella, with plant-based catering and the chance to mingle with Skrillex. Other guests will include Brazilian models, Elon Musk, Evan Spiegal and a bevy of angel investors, ready to incubate your kids' ideas.

9. Airfare to Sweden, where a great college education is free. You will need to provide your child with a good immigration attorney and a high-quality seasonal disorder lamp, but he or she will end up with a degree, a talent for making meatballs, plus more than $200,000 in the bank.