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It isn't just my friends. The average Australian thinks this way. Buying an investment property is socially seen as an excellent first move before you even buy a place for yourself. Dave Ramsey would kill people here.
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Nov 13, 2014 04:21
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I'm Australian too. No one I know thinks that way.
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Nov 13, 2014 04:28
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fiery_valkyrie posted:I'm Australian too. No one I know thinks that way. Same here.
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Nov 13, 2014 04:45
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VideoTapir posted:I think you've got it backward. Because people look down on community colleges, it could be necessary to go to a 4 year college to gain entry into the industry at the level she is aiming for. That "Interior Design" program offered by Drexel, which that person is currently paying >$100K for, is just one of the many bullshit, overpriced programs that universities are conjuring up to win business from the community colleges. Heck, a lot of Universities are offering programs for Photography majors. And I work with a guy who foolishly spent money on a Masters Degree in Graphic Design. It's ridiculous. melon cat fucked around with this message at 04:51 on Nov 13, 2014 |
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Nov 13, 2014 04:47
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fiery_valkyrie posted:I'm Australian too. No one I know thinks that way. brb moving to your location ASAP.
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Nov 13, 2014 04:53
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Interior design is a) for rich people and b) all about image. "Took a few classes at Podunk Community College two towns over" really doesn't seem like it's going to get clients, even if you end up with comparable knowledge.
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Nov 13, 2014 05:17
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i like nice words
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Anne Whateley posted:Interior design is a) for rich people and b) all about image. "Took a few classes at Podunk Community College two towns over" really doesn't seem like it's going to get clients, even if you end up with comparable knowledge. melon cat fucked around with this message at 05:28 on Nov 13, 2014 |
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Nov 13, 2014 05:24
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melon cat posted:And that's exactly it- interior design is for rich people. So if they're going to hire an Interior Designer, they're going to find this person through their own small network of personal contacts. They're not going to send out a wanted ad and grill potential interior designer about their educational background. So if someone does insist on studying interior design, they might as well spend as little $$ as possible on course fees. I know that this is a tired, repetitive thing to say (because we've all heard it before), but your success in this type of industry is all about networking, not over-leveraging yourself in a overpriced college program that has questionable value. In that case, if the community college doesn't offer the networking opportunities to get into the business, it's worthless, too.
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Nov 13, 2014 07:32
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fiery_valkyrie posted:I'm Australian too. No one I know thinks that way. It's definitely a thing, I wouldn't say everyone thinks like that, but FIFO miners on $150k who also have 2 out of every 3 weeks worth of living expenses covered while they're at work definitely do. CelestialScribe posted:Neglecting to mention of course that "mate" probably lived at home and didn't spend a time on rent or any other expenses. Uh, that seems like a legit "Good With Money" thing.
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Nov 13, 2014 07:58
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Rudager posted:It's definitely a thing, I wouldn't say everyone thinks like that, but FIFO miners on $150k who also have 2 out of every 3 weeks worth of living expenses covered while they're at work definitely do. For sure, my point is it's hardly the norm and not everyone can be expected to save that type of money in their own circumstances.
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Nov 13, 2014 08:25
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VideoTapir posted:In that case, if the community college doesn't offer the networking opportunities to get into the business, it's worthless, too. That's an important point that people in BFC often overlook. If you're doing something like an MBA or law degree, or trying to get into a small industry, or arts, or anything else that's more emotional than rational, the name on your diploma does make a difference. In great part because of the people you meet in school, but also because your bosses are alumnus as well, or customers are looking for that particular brand. poo poo there's six community college level institutions in Canada feeding into my industry and I'd be kind of iffy about hiring graduates from three of them, if I had hiring powers. My experience with graduates from these schools has not been positive, or I've never met one so I don't know what to expect. Same government approved certification and all, but then certifications and diplomas aren't that indicative of a candidate's abilities. That being said isn't Drexel one of those lovely for profit school? FrozenVent fucked around with this message at 12:32 on Nov 13, 2014 |
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Nov 13, 2014 12:30
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FrozenVent posted:That's an important point that people in BFC often overlook. If you're doing something like an MBA or law degree, or trying to get into a small industry, or arts, or anything else that's more emotional than rational, the name on your diploma does make a difference. In great part because of the people you meet in school, but also because your bosses are alumnus as well, or customers are looking for that particular brand. Drexel is supposed to be a decent school, although they are way overpriced tuition wise. But that being said, yeah it was for profit until a year or so ago. http://technical.ly/philly/2013/10/18/drexel-names-vp-of-online-learning/
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Nov 13, 2014 13:03
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|Todays reddit roundup, status: Still full of loving idiots. Being incredibly poo poo at driving is bad with money. "High school was SO drat STRESSFUL I had "to take a semester off school and just enjoy being a student." Now my parents wont pay for everything. "It's a status thing more than anything I think. I reason that we spend a lot of our time in car's and are heavily judged on the type of car we drive."
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Nov 13, 2014 13:20
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Duckman2008 posted:Drexel is supposed to be a decent school, although they are way overpriced tuition wise. Drexel Online was for profit up until a year ago. Drexel University has always been an nfp and until last year, a completely separate entity from Drexel Online. While Drexel U is not the most academically rigorous school, what is fantastic about them is their coop program. The students are forced to take semester long internships that are usually paid and are basically a guaranteed full time offer as long as you don't gently caress up too bad.
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Nov 13, 2014 14:10
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Saros posted:"It's a status thing more than anything I think. I reason that we spend a lot of our time in car's and are heavily judged on the type of car we drive." It looks like that guy listened to reason, so +1 for good advice.
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Nov 13, 2014 15:24
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Saros posted:"High school was SO drat STRESSFUL I had "to take a semester off school and just enjoy being a student." Now my parents wont pay for everything. Eh, I dunno. His parents are pressuring him to go to a 4 year university on 100% student loans for status reasons, if he wants to work and save for a year I'd say he's being pretty good with money (if he's out to MAXIMIZE HIS EARNINGS he would probably be better off sucking up the debt if it means getting on a high earning career track a year faster, but I can't really blame him for not wanting to take on the extra risk--not everyone has the aptitude and temperament for a high-flying career, or else they wouldn't pay so much.) If his parents weren't intent on milking their barely-adult child for as much as they could (good with money, bad with life) he'd have a pretty solid plan. Really the ideal would be to charge him all his "expenses", thereby giving him valuable budgeting experience that will give him an advantage in life over his college-bound peers, but save the money and use it for school expenses when he goes off to get his education.
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Nov 13, 2014 16:09
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Kind of a dick move to charge your kid rent and then still expect him to save up for college with a part time job.
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Nov 13, 2014 16:19
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TLG James posted:Kind of a dick move to charge your kid rent and then still expect him to save up for college with a part time job. This. He's a little whiny but all in all can you blame him that much when all his friends are getting college paid for without having to work? At least he's working a decent number of hours.
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Nov 13, 2014 16:34
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TLG James posted:Kind of a dick move to charge your kid rent and then still expect him to save up for college with a part time job. I don't know. Tons of people have to do this out of necessity. You hear about so many kids who throw away their education because they're not the ones paying for it. They also choose some horribly expensive private school that's no better than the state school that's 1/5th of the price. Then they simultaneously blow money on ridiculous things, racking up way more debt than they should or just chewing through their parents' savings. Part of me thinks that this 'tough love' might just be good parenting. The parents might plan on paying off all his debt once he graduates, as I've known some to do.
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Nov 13, 2014 16:36
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Nope, that's a gigantic dick move. He's not being allowed to maximize his savings by living at home because they're charging him rent, and his Financial Aid is going to be hosed by him working for a full year. He's going to be expected to put all of that money into college, but instead he's paying rent etc. I took 3 years off to work full time, 80% of my loans are from my first year back and they expected all of my previous year's income to have been savings for college. My EFC was 100%, despite coming from a single parent SNAP receiving home. I was working to keep the household afloat and the heat on, not maximizing for college.
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Nov 13, 2014 17:41
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xie posted:Nope, that's a gigantic dick move. He's not being allowed to maximize his savings by living at home because they're charging him rent, and his Financial Aid is going to be hosed by him working for a full year. He's going to be expected to put all of that money into college, but instead he's paying rent etc. Yeah, it's one thing to tell your kids that if they choose expensive private college they need to figure out how to pay for the difference between that and a public school (or even 2 years CC and then transfer if money is tight), but they're living in a fantasy world where college tuition is still payable by someone working a normal minimum wage job and keeping expenses paired down to a minimum.
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Nov 13, 2014 17:56
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Devian666 posted:In relation to the interior design degree discussion you really need to get the degree from the same school that also teaches architecture. Especially if you want to get a better job and not just be a limited cad technician. Interior designers that I deal with do not have that much difference in education from the architects, and in a number of cases are considered architects even though they cannot legally use the term. I interned at an international interior design firm and this was my experience. Firm would enter a project when the building was pretty much a shell, and take care of everything from laying out and building out portions of the interior to picking out material and buttons for the cushions. Lots of architectural work and blueprints and blueprints. Us interns did the bulk of digging around in the sample library looking for wallpaper, wood finishes, tiles, upholstery, and color schemes that looked nice together and with the architectural scheme, which we would then present to the designers, who would then present to the client. Educational backgrounds of both interns and employees ranged from architecture and industrial design to random liberal arts disciplines. In hiring, there was not an emphasis on hiring kids from specialized interior design programs. Also, calling an interior designer an interior decorator was regarded as a grave insult. melon cat posted:That's what I had initially thought, too. But if you take a look at their program requirements it's filled with courses called 'Textiles for Interiors', 'History of Art', 'Painting', 'Sculpture', 'History of Modern Architecture', and 'Interior Lighting'. There's a few "Studio" courses, but who knows what goes on there. Yeah this program is definitely Bad With Money, especially if it costs 100k. Seems like you could indeed take some art history and CAD classes at your local state university or community college to the same effect. I attended a fairly specialized program (industrial design), but within a top notch university with a huge variety in offerings and an excellent network, so I've had little issue expanding into different areas of design (I'm in UI/UX currently). Design can be an awesome field, and if you get into a quality program, you can adapt to all sorts of design fields and have good career prospects, but these over-specialized programs that really just teach you how to be a Photoshop/CAD monkey absolutely aren't worth it. If you're going to be a CAD monkey, Lynda.com could probably teach you AutoCAD just as well for $25/mo.
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Nov 13, 2014 18:00
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xie posted:Nope, that's a gigantic dick move. He's not being allowed to maximize his savings by living at home because they're charging him rent, and his Financial Aid is going to be hosed by him working for a full year. He's going to be expected to put all of that money into college, but instead he's paying rent etc. baquerd posted:Yeah, it's one thing to tell your kids that if they choose expensive private college they need to figure out how to pay for the difference between that and a public school (or even 2 years CC and then transfer if money is tight), but they're living in a fantasy world where college tuition is still payable by someone working a normal minimum wage job and keeping expenses paired down to a minimum. I think you guys missed my last sentence or I just wasn't clear enough. I'm saying it's a fair move if they're planning on paying off his loans in the end. Rurutia fucked around with this message at 18:13 on Nov 13, 2014 |
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Nov 13, 2014 18:05
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TLG James posted:Kind of a dick move to charge your kid rent and then still expect him to save up for college with a part time job. Authentic You posted:Design can be an awesome field, and if you get into a quality program, you can adapt to all sorts of design fields and have good career prospects, but these over-specialized programs that really just teach you how to be a Photoshop/CAD monkey absolutely aren't worth it. If you're going to be a CAD monkey, Lynda.com could probably teach you AutoCAD just as well for $25/mo. Not long ago we were hiring in our office, and we saw whole lot of odd-sounding degrees on resumes. A few applicants had a 'Bachelor of Technology'. Others had a 'Bachelor of Management'. And every time we interviewed them the applicants would always talk about their fancy degree. Now, I'm not saying that their degree is worthless. But those degrees simply don't have any real recognition in our industry, but my understanding is that they've been told by their alma mater that they do. And that really seems to be the way things are going in post-secondary. The schools are just making up these impressive-sounding degrees and making money hand over fist from these people who don't know any better. It's unethical. melon cat fucked around with this message at 18:33 on Nov 13, 2014 |
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Nov 13, 2014 18:13
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[quote="FrozenVent" post=""43762126"] That being said isn't Drexel one of those lovely for profit school? [/quote] Drexel is actually a very good school for engineering, and does really good work study programs. I'd highly recommend it to anyone going to school for engineering and I almost went there for asters in RF engineering\Photonics.
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Nov 13, 2014 18:20
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Rurutia posted:I think you guys missed my last sentence or I just wasn't clear enough. I'm saying it's a fair move if they're planning on paying off his loans in the end. They should probably tell that to their kid instead of saying they're penalizing him for not immediately taking out debts so that he can live like the other kids in his class (whose parents are paying for school upfront.)
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Nov 13, 2014 18:21
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The top thread on r/PersonalFinance is a diatribe chastising people for chastising people who are in deep educational debt I mean, yeah, it's a generational problem and all, but that doesn't absolve you of all responsibility
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Nov 13, 2014 18:24
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Gabriel Pope posted:They should probably tell that to their kid instead of saying they're penalizing him for not immediately taking out debts so that he can live like the other kids in his class (whose parents are paying for school upfront.) He's not taking a year off to save up for school, he's taking a year off because he wants to 'just be a student while he can' which means apparently not being a student and just living off of his parents. He's mad because his parents decided that instead of letting him just live off of them, they expect him to pay rent.
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Nov 13, 2014 18:31
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Are you loving joking? Did you even bother to read it? His parents sound horrible, and nothing in his post sounds like "living off his parents." I know this is the smallest point imaginable but you either didn't bother reading it or are the dourest person around if his arrangement sounds like sweet freeloading to you.
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Nov 13, 2014 18:32
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xie posted:Are you loving joking? Did you even bother to read it? His parents sound horrible, and nothing in his post sounds like "living off his parents." I know this is the smallest point imaginable but you either didn't bother reading it or are the dourest person around if his arrangement sounds like sweet freeloading to you. I read it before I saw it linked here actually. His current arrangement doesn't sound like freeloading, but some of it does read like he feels entitled to be able to freeload because of his friends. Part of it is fair because his parents brings it up, the other part (mostly about the movies etc) is entitlement. I am reading it slightly more cynically than most it seems, but I recognize that it's all just interpretation. Call me dour all you want, I just think it's difficult to navigate the parental waters when you're trying to keep your kids from all of the death traps which exist today. Not sure why you're so up in arms over it, it's not like I'm posting there and berating him.
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Nov 13, 2014 18:43
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I think the key is here:quote:My parents expect me to save at least HALF of each paycheck that I get. They want me to pay for school by saving my money. His parents are still living in the fantasy that anyone who works hard enough can pay their own way through college. That might have been somewhat true when they were growing up, but it's flat-out impossible to do so now on minimum wage.
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Nov 13, 2014 20:02
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Not a Children posted:The top thread on r/PersonalFinance is a diatribe chastising people for chastising people who are in deep educational debt Yeah I saw that earlier and was kind of surprised at the amount of support OP was getting. Student loans in this country are royally hosed but at some point you are willingly making a terrible decision and signing on the dotted line. Then when they make the millionth thread on reddit along the lines of "I make $4/hr bathing orphan cats in Zanzibar, how do I pay off my $300k student loan debt" you can't help but ask what the hell they were thinking. Barry fucked around with this message at 20:17 on Nov 13, 2014 |
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Nov 13, 2014 20:15
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http://www.bloomberg.com/news/2014-11-13/forex-investors-may-face-1-billion-loss-as-trade-site-vanishes.htmlquote:Secure Investment said that it traded in excess of $4.8 billion daily for more than 100,000 investors in 140 countries. The company said it posted all of its trades every day, showing which ones were winners and which were losers. The site said investors had averaged net gains of 1 percent each trading day during the past five years. quote:In May and June last year, Mandal and his wife, Wasima, 37, also a physician, invested £30,000 each with Secure, which required customers to use U.S. dollars. The Mandals swapped pounds for $60,000, using a bank. Following instructions from Secure, they then wired the money to banks in Australia and Cyprus to open their accounts. quote:Jaron Mark, a medical resident at a hospital in Tampa, Florida, says he spent nine months seeking a safe investment before he chose Secure. During that time, he monitored Secure’s website routinely, watched the daily trading reports showing consistent success and decided to invest with the company.
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Nov 13, 2014 20:23
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Rurutia posted:He's not taking a year off to save up for school, he's taking a year off because he wants to 'just be a student while he can' which means apparently not being a student and just living off of his parents. He's mad because his parents decided that instead of letting him just live off of them, they expect him to pay rent. I don't know what he means by "just enjoying being a student" either, seeing that he's not being a student in any sense, but he is 1) working and 2) committed to saving most of his earnings towards school. So regardless of his intentions, he is in fact saving up for school during his time off, which he (in all likelihood rightfully) regards as being a better idea than taking out loans to pay for the kind of education his peers are getting paid for by their parents. Which his parents also want him to get, but not enough to provide any help beyond a very minor subsidy for his living expenses ($200 rent sounds like a sweet deal until you consider that for $300 combined rent+utilities [Idaho] he could probably get a room in a house with much better roomates.) It's true that he may be posting a very skewed picture--maybe his parents help him out with money all the time and he is just whiny. Some people are just completely lovely to their adult children, though. I knew a girl that got cut off completely the instant she went off to college because her dad's new wife didn't like her--as in, she had to crash with friends for Thanksgiving and Christmas because she was not welcome back home.
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Nov 13, 2014 20:35
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TOO SCSI FOR MY CAT posted:http://www.bloomberg.com/news/2014-11-13/forex-investors-may-face-1-billion-loss-as-trade-site-vanishes.html  drat, that's actually impressive.
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Nov 13, 2014 20:51
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TOO SCSI FOR MY CAT posted:http://www.bloomberg.com/news/2014-11-13/forex-investors-may-face-1-billion-loss-as-trade-site-vanishes.html "Guarantee my principal, and 1% return daily? This couldn't possibly be a scam. Look! They have a website that updates daily with all the money I'm making. Time to put in all of my retirement money and the kids' college fund..."
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Nov 13, 2014 21:14
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TOO SCSI FOR MY CAT posted:http://www.bloomberg.com/news/2014-11-13/forex-investors-may-face-1-billion-loss-as-trade-site-vanishes.html Hargrimm posted:I think the key is here: melon cat fucked around with this message at 21:21 on Nov 13, 2014 |
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Nov 13, 2014 21:17
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melon cat posted:I have no idea how any of our parents expected us to pay off tuition while earning an impressive $7.25/hour at my part-time job.  http://www.cepr.net/index.php/blogs/cepr-blog/blog-post-health-and-education-on-the-minimum-wage
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Nov 13, 2014 21:22
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TOO SCSI FOR MY CAT posted:http://www.bloomberg.com/news/2014-11-13/forex-investors-may-face-1-billion-loss-as-trade-site-vanishes.html I wonder if the scammers chose Forex specifically so their victims would self-select. It's been done before.
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Nov 13, 2014 21:25
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Gabriel Pope posted:I don't know what he means by "just enjoying being a student" either, seeing that he's not being a student in any sense, but he is 1) working and 2) committed to saving most of his earnings towards school. So regardless of his intentions, he is in fact saving up for school during his time off, which he (in all likelihood rightfully) regards as being a better idea than taking out loans to pay for the kind of education his peers are getting paid for by their parents. Which his parents also want him to get, but not enough to provide any help beyond a very minor subsidy for his living expenses ($200 rent sounds like a sweet deal until you consider that for $300 combined rent+utilities [Idaho] he could probably get a room in a house with much better roomates.) It sounds like the parents are living in the 1980's or 90's when it was legitimately possible to go to a state school on minimum wage. But even that doesn't really work because you're either going to school part-time and working full-time or working part-time and going to school full-time (the second option not being possible without loans). I think he needs to sit down with his parents and figure out what their expectations are. They're judging him against his friends so they obviously have some idea of what their son's college life should be. I doubt his folks want him to completely miss the social aspect of college because he's working or studying all the time. I did that and didn't get laid for 3 years. No parent should do that to their kid. Krispy Wafer fucked around with this message at 21:28 on Nov 13, 2014 |
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Nov 13, 2014 21:26
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