Everyone who works at a college strives to maximize their income, just like everyone in the business world - so they too can send their kids to outrageously expensive colleges…This is, in part, how we get the bloat that drives up the tuition. Vicious cycle… non-profit status should be revoked.
Curious as to how you reconcile an individual such as Jamie Diamond, CEO of JPM, who became a billionaire without ever creating anything? Many will say “shareholder value”, but let’s be honest one man, even the top dog, does not move the needle on shareholder value for a company with tens of thousands of employees. Its a collaborative effort that goes under compensated for the many.
*Financial pain, Charlie. If you have it, it hurts all the same. The details are just different. We’re better off today than we were, sure, but the point is pain is pain. That’s why the “long face” for many. Me, I’m good. Thanks for the concern.
I often think about looking up the coworker who turned me on to Dave Ramsey to thank him. Both 100% changed my life. 2006 Age 22, $63K ($80k after interest) in debt, all student loans from a private university. First corporate job paid 45k. Read The Total Money Makeover, followed the Baby Steps... 2012 debt free except the house, 2023, now a net worth millionaire with my wife. The Total Money Makeover is, in my opinion, the greatest personal finance book ever written. I've read 40 or so. It's written for the 99% not the 1% so some dismiss it as too simple. It's not, the principles works for the vast, vast majority, such as me and Scott :)
So many good points, this article should be posted on all guidance counselor’s office doors :) One comment, you mention the parent’s role - to me this doesn’t get enough air time and thank you for spotlighting. A seventeen year old has little chance of making a good life decision on where to attend with all the competing advice/advertising they’ll encounter in their search. Parents need to play a big role in the final decision. It’s one of the biggest financial decisions of (maybe both) their lives and it comes at a time when they are more concerned about what to wear to Friday’s party.
Dave Ramsey would remind us that there is a risk to having a mortgage and that (beta) is rarely if ever factored into an analysis of holding a mortgage vs. what your market returns might end up being. Smart and safe move on your part I would think.
Comments:
Everyone who works at a college strives to maximize their income, just like everyone in the business world - so they too can send their kids to outrageously expensive colleges…This is, in part, how we get the bloat that drives up the tuition. Vicious cycle… non-profit status should be revoked.
Post: On Borrowed Time?
Link to comment from August 10, 2024
Live like no one else so later you can live and give like no one else. - DR
Post: What’s your favorite financial quote?
Link to comment from April 6, 2024
When you are debt free and have 3-6 months of emergency funds in the bank.
Post: When does it make sense to buy a home?
Link to comment from March 23, 2024
Curious as to how you reconcile an individual such as Jamie Diamond, CEO of JPM, who became a billionaire without ever creating anything? Many will say “shareholder value”, but let’s be honest one man, even the top dog, does not move the needle on shareholder value for a company with tens of thousands of employees. Its a collaborative effort that goes under compensated for the many.
Post: Aiming High
Link to comment from March 9, 2024
*Financial pain, Charlie. If you have it, it hurts all the same. The details are just different. We’re better off today than we were, sure, but the point is pain is pain. That’s why the “long face” for many. Me, I’m good. Thanks for the concern.
Post: Why the Long Face?
Link to comment from September 29, 2023
To answer your title question: All pain hurts the same, only the details are different.
Post: Why the Long Face?
Link to comment from September 27, 2023
Live like no one else, so later you can live and give like no one else.
Post: Finding Hope
Link to comment from September 13, 2023
I often think about looking up the coworker who turned me on to Dave Ramsey to thank him. Both 100% changed my life. 2006 Age 22, $63K ($80k after interest) in debt, all student loans from a private university. First corporate job paid 45k. Read The Total Money Makeover, followed the Baby Steps... 2012 debt free except the house, 2023, now a net worth millionaire with my wife. The Total Money Makeover is, in my opinion, the greatest personal finance book ever written. I've read 40 or so. It's written for the 99% not the 1% so some dismiss it as too simple. It's not, the principles works for the vast, vast majority, such as me and Scott :)
Post: Finding Hope
Link to comment from September 13, 2023
So many good points, this article should be posted on all guidance counselor’s office doors :) One comment, you mention the parent’s role - to me this doesn’t get enough air time and thank you for spotlighting. A seventeen year old has little chance of making a good life decision on where to attend with all the competing advice/advertising they’ll encounter in their search. Parents need to play a big role in the final decision. It’s one of the biggest financial decisions of (maybe both) their lives and it comes at a time when they are more concerned about what to wear to Friday’s party.
Post: An Educated Choice
Link to comment from August 2, 2023
Dave Ramsey would remind us that there is a risk to having a mortgage and that (beta) is rarely if ever factored into an analysis of holding a mortgage vs. what your market returns might end up being. Smart and safe move on your part I would think.
Post: No Interest
Link to comment from July 24, 2023