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Seriously, it reads more like some dumb reddit idiot fakeposting what he thinks the working-class version of a gold digger sounds like.
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Jun 25, 2018 02:49
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Volmarias posted:As horse chat is n(e)igh again, allow me to post my favorite radio commercial from Cities Skylines, which I think you may all appreciate. I always wondered if someone in this thread helped with those commercials...
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Jun 25, 2018 03:57
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potatoducks posted:So what's the excuse for the horse? I mean it's not like it knows better than to sleep in its own filth.
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Jun 25, 2018 04:07
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Volmarias posted:As horse chat is n(e)igh again, allow me to post my favorite radio commercial from Cities Skylines, which I think you may all appreciate. 'Buy low, sell hay' for new thread title
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Jun 25, 2018 04:12
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Volmarias posted:As horse chat is n(e)igh again, allow me to post my favorite radio commercial from Cities Skylines, which I think you may all appreciate. I... might actually play this game? Also, going from lowly horse to top of the world: https://imgur.com/a/lYnST#ioFqbQG
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Jun 25, 2018 16:34
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https://www.reddit.com/r/personalfinance/comments/8tqbx8/can_the_benefits_of_a_top_tier_school_ever/?st=JIUKNZIA&sh=cb9b71ddquote:Hello, to set some facts straight: I am 18; graduating high school this month; I will be solely responsible for college debt; I 100% want to go to into business, but whether I am absolutely set on doing only finance I am not one hundred percent sure; I receive no financial aid but still come from a position where I have to shoulder the debt so that my parents can retire any time soon. In fairness, he seems to be taking on board the advice given in the comments. But still.
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Jun 25, 2018 19:06
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Is there a single undergrad degree from any institution that would be worth even 100k of loans out of pocket? Also, his academic goals remind myself young me who had no idea of what I wanted to do in school so I was just going to major in BUSINESS! to become a BUSINESS man who drove around in BMWs and conducted BUSINESS. Kanish fucked around with this message at 19:26 on Jun 25, 2018 |
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Jun 25, 2018 19:23
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Sure. Harvard easily. Some of the other elite privates as well. Vanderbilt not really.
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Jun 25, 2018 19:26
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potatoducks posted:Sure. most of the Ivies and elite private schools have better aid packages - the bad spot is mid tier privates that aren't good enough to get you paid but also don't offer as robust financial aid as far as I can tell he is planning to finance 100% of his education which is insane
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Jun 25, 2018 19:28
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I doubt a Harvard undergrand be worth $270k out of pocket unless that amount of money doesn't mean much to you. Either way, Vanderbilt definitely isn't.
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Jun 25, 2018 19:34
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I don't have stats handy but I would hazard a guess that in the long run, a Harvard/Yale/Princeton/Stanford undergrad would cause enough of a pay bump on all ends of the scale that it would pay for itself. Vanderbilt, maybe not. It's a great school but I don't see anyone asking for a salary bump on the basis of their education and getting it, even from some of the "lesser" Ivies like where I went. I have no idea why this person didn't apply for any grants or scholarships, though.
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Jun 25, 2018 19:48
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On the other hand, the kind of person who is likely to be navigated towards one of those schools by family members/relatives for "connections" was probably going to do well in life regardless due to their already existing network, degree or no degree. So who knows 
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Jun 25, 2018 20:05
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Just laughing at the idea he can refinance to have a 2.7 percent interest rate. My wife and I have amazing credit in the 780s and sofi denied us, then citizen gave us a rate but it's at 6.50 percent interest for refinancing her private student loans. Not understanding that those interest ranges are there to sucker you and and reel you in. Also 280 k for an undergraduate is obscene and anyone doing it is the biggest sucker in the world. Perfect for this guy obsessing about ratios and prestige. Hope he doesn't fall for the trap my wife did with 11percent interest on her private student loans 
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Jun 25, 2018 20:05
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new york: a very difficult place to meet single women
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Jun 25, 2018 20:13
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keroppl posted:I doubt a Harvard undergrand be worth $270k out of pocket. You're right, it's worth vastly, vastly more than this.
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Jun 25, 2018 20:30
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total return on stanford degree is supposed to be 1.3 mil it's gotten to solidly above 300 grand for me and i'm 28 lol counterpoint: i touch computers for a living and prolly should be solidly ahead in line for the guillotine (USER WAS PUT ON PROBATION FOR THIS POST)
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Jun 25, 2018 20:36
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EAT FASTER!!!!!! posted:You're right, it's worth vastly, vastly more than this. I disagree. Maybe a grad degree, but anyone just crushing it after a Harvard degree would be doing very well with a 4.0 at a state school, or some other Ivy that isn't charging full price. keroppl fucked around with this message at 20:57 on Jun 25, 2018 |
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Jun 25, 2018 20:39
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Chocolate Milk posted:https://www.reddit.com/r/personalfinance/comments/8tqbx8/can_the_benefits_of_a_top_tier_school_ever/?st=JIUKNZIA&sh=cb9b71dd
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Jun 25, 2018 20:41
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Duke, Vandy and Emory are probably pretty valuable in that part of the country and have the regional networks to do very well. If he lives 40 minutes from Manhattan though, I don’t know how commited he would be to stay in the southeast.
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Jun 25, 2018 20:45
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keroppl posted:I disagree. Maybe a grad degree, but anyone just crushing it after a Harvard degree would be doing very well with a 4.0 at a state school. Are we looking at what you write on the resume, or what going to Harvard gets you outside of your diploma? If it's the former then you're right - a Harvard grad degree is worth tons and an undergrad much less, and would be just fine at a state school. But going to Harvard also has lots of intangibles, like admittance to the Old Boys Club, and opportunities to get on the fast track to various careers by the magic of NETWORKING (stupid buzzword that it is). KingSlime posted:On the other hand, the kind of person who is likely to be navigated towards one of those schools by family members/relatives for "connections" was probably going to do well in life regardless due to their already existing network, degree or no degree. So who knows So when you go to Harvard as undergrad, you're either one of these people or in the middle of a lot of these people, so it's not hard to imagine yourself getting a leg-up on someone who couldn't (mild-)nepotism their way into a good career/upward moving path.
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Jun 25, 2018 21:00
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keroppl posted:I disagree. Maybe a grad degree, but anyone just crushing it after a Harvard degree would be doing very well with a 4.0 at a state school, or some other Ivy that isn't charging full price. Where'd you go to college?
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Jun 25, 2018 21:01
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EAT FASTER!!!!!! posted:Where'd you go to college? I went to UT. I have a couple of friends who went to Ivy's, and several that are in investment banking. I also deal with private equity people all from the north east. A Harvard undergrad is good, yes. But it's the grad degrees that's the print endless amount of money level.
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Jun 25, 2018 21:04
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Let’s allocate 15 posts for this incarnation of the value-of-a-degree derail, what say?
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Jun 25, 2018 21:05
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quote:My other option, is a business/engineering school which will end up costing me around 70k (total). This school is top 400 in the nation, private, and at this school I would be right across from Wall Street and focused on finance. Somethings about this school: it is only 40 minutes away (which I hate), it is 30/70 girls/boys (which you might find stupid but the ratios are important to me), an okay campus, and the professors are completely average. That being said, it is still a good school which provides really good opportunities for people looking to work directly in finance. I work on Wall Street and I still had to Google to try to figure out what he's talking about. Is the talking about a tiny satellite campus of Carnegie Mellon? Sure it's down the block from the stock exchange but wtf at a 'campus'? Across the street from the stock exchange is a stupidly expensive luxury apartment building, not a college campus.
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Jun 25, 2018 21:06
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Subjunctive posted:Let’s allocate 15 posts for this incarnation of the value-of-a-degree derail, what say?  Edit: And like the ancient seer Cassandra, I said this is exactly what would happen to her and nobody listened to me.
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Jun 25, 2018 21:29
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KYOON GRIFFEY JR posted:new york: a very difficult place to meet single women Yeah, if he's concerned about the 70/30 split, buddy I got news for him about the ratios across the country's business undergrad programs. Fhqwhgads posted:I work on Wall Street and I still had to Google to try to figure out what he's talking about. Is the talking about a tiny satellite campus of Carnegie Mellon? Sure it's down the block from the stock exchange but wtf at a 'campus'? Across the street from the stock exchange is a stupidly expensive luxury apartment building, not a college campus. From the comments, "across from Wall Street" means "across the river" at Stevens. Probably not worth $70k either, tbh.
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Jun 25, 2018 21:52
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Fhqwhgads posted:I work on Wall Street and I still had to Google to try to figure out what he's talking about. Is the talking about a tiny satellite campus of Carnegie Mellon? Sure it's down the block from the stock exchange but wtf at a 'campus'? Across the street from the stock exchange is a stupidly expensive luxury apartment building, not a college campus.
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Jun 25, 2018 21:53
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canyoneer posted:From the comments, "across from Wall Street" means "across the river" at Stevens. Probably not worth $70k either, tbh. That's the first time I've ever heard of Hoboken being described as "across from Wall Street".
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Jun 25, 2018 22:09
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canyoneer posted:Yeah, if he's concerned about the 70/30 split, buddy I got news for him about the ratios across the country's business undergrad programs. Yeah I was pretty sure it was Stevens. I have three buddies who went there and all did well, two engineers and one math guy.
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Jun 25, 2018 22:38
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EAT FASTER!!!!!! posted:You're right, it's worth vastly, vastly more than this. Things to consider: present value of money vs. future wages, cost of servicing the debt in terms of the dollar amount of interest payments, burden of the debt in terms of limiting your life/career options, cost of equivalent or lesser education options, etc. Paying $300k for undergrad is incredibly foolish.
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Jun 25, 2018 22:48
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It's like this thread has crossed over with the schadenfreude thread because that's all I feel from reading your stories of multi-hundred-grand degree costs. I know it's far from the worst thing about your country right now but gently caress me if your free-market university system isn't a roaring fuckup. Teenagers considering going into 80k+ of nondischargable debt to a private bank. Amazing.
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Jun 25, 2018 23:00
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quote:My other option, is a business/engineering school which will end up costing me around 70k (total). This school is top 400 in the nation He says top 400 as if that means something. Is that supposed to be top 40 or 4?
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Jun 25, 2018 23:10
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Here's a interesting look at a boomer couple drifting towards retirement with no plan or financial literacy. If they hadn't been lucky enough to buy a house in Seattle's Eastside in the 1980s they'd be doomed.quote:The Weddells bought their 63-year-old house in southeast Bellevue for $59,500 in 1983. At the time, the three-bedroom home was a fixer-upper with blackberries and an abandoned boat in the back yard. quote:Based on its estimated market value, the house represents 94 percent of the couple’s total assets. That’s well above the national average: Housing wealth in 2016 accounted for about 58 percent of the total wealth, net of debts, for typical American households headed by homeowners older than 65, according to the Center for Retirement Research at Boston College. Larry's 401(k) balance of $3,000, assuming he's been working since age 18, represents saving $58 a year for retirement. quote:The Weddells’ second-largest asset is a $50,000 savings account at a brick-and-mortar bank. The bank’s annual percentage yield on savings accounts ranges between 0.03 percent and 0.06 percent — more than two percentage points below the current rate of inflation. They've found a way to owe $40k in student loans. quote:The couple’s largest expense is their mortgage. They owe about $215,000 on the home after refinancing three times over the years to convert equity to cash – money that they spent on remodeling, repairs and other bills. They also owe $20,000 on a low-interest, secondary loan on the home. They’re burning $5,000 a month somehow. quote:The Financial Planning Association of Puget Sound connected the Weddells with Richard Marshall, a financial consultant at the Bellevue office of advisory firm Vestory. Let’s see where $400 a month goes. quote:The Weddells have already started reducing their spending, starting with their grocery bill. They also realized they were spending about $400 a month on digital programming, such as Netflix and Redbox. https://www.seattletimes.com/business/house-rich-savings-poor-and-eyeing-retirement-bellevue-couple-ponders-options/
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Jun 25, 2018 23:32
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Barely getting by at $83,100 pre-tax (no state income tax either) with only a $1550 mortgage.
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Jun 25, 2018 23:39
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homegirl kathryn needs to earn some money. $750/mo in SS means you made a hilariously small amount of money over your lifetime
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Jun 25, 2018 23:46
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Hi, I owe $220,000 on my $50,000 house after 33 years. I am past retirement age and forced to continue working! I spend $400 a month on Netflix (I created a different account for each of the 40 shows I watch) I have basically no money saved in retirement, and $50k buried in a vault in the backyard. I am still better off than 75% of Americans.
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Jun 26, 2018 00:11
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KYOON GRIFFEY JR posted:homegirl kathryn needs to earn some money. $750/mo in SS means you made a hilariously small amount of money over your lifetime She hails from a time when single-earner households still made sense. She and her husband don't really even have an income issue. They make plenty to afford their "lifestyle" (home, essentials, normal entertainment, etc.), they're just morons who buy everything in sight with borrowed money. They could find $1,000,000 sitting on the ground tomorrow and they'd probably be broke again in five years. Boomeritis. Vox Nihili fucked around with this message at 00:15 on Jun 26, 2018 |
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Jun 26, 2018 00:12
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I need to see a credit card statement with $400 month of digital programming. Guy has to have several porn subscriptions from the early 2000's he just forgot about.
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Jun 26, 2018 00:13
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Sock The Great posted:I need to see a credit card statement with $400 month of digital programming. Cable companies will take pretty much as much money as you're willing to give them if you let them upsell you.
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Jun 26, 2018 00:14
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keroppl posted:I disagree. Maybe a grad degree, but anyone just crushing it after a Harvard degree would be doing very well with a 4.0 at a state school, or some other Ivy that isn't charging full price. +1 to this. When you control for the selectivity of the colleges people apply to (in addition to the normal factors - GPA, SAT, etc), the return on college selectivity is indistinguishable from 0.
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Jun 26, 2018 00:29
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