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saving like crazy. want to buy a house in next two years or so.
saving like crazy. want to buy a house in next two years or so.
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"Ceterum censeo Ben esse expellendum." -
Originally posted by Spiffor
These two friends are from the iddle class.
Is this supposed to be "Middle class" or "idle class"?"Just puttin on the foil" - Jeff Hanson
“In a democracy, I realize you don’t need to talk to the top leader to know how the country feels. When I go to a dictatorship, I only have to talk to one person and that’s the dictator, because he speaks for all the people.” - Jimmy CarterComment
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Not just in the short term as cash.Originally posted by Ogie Oglethorpe
I got about $200,000-$250,000 inclusive of car, mortgage and my wifes school loans.
Lancer's right some debt is worth having if you can get a better return than the interest on the debt.
I viewed a degree and a flat as life investments and worth every penny. They have both already repaid themselves to me.Comment
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$0.
I love being a college student whose parents pay for his education.
"Compromises are not always good things. If one guy wants to drill a five-inch hole in the bottom of your life boat, and the other person doesn't, a compromise of a two-inch hole is still stupid." - chegitz guevara
"Bill3000: The United Demesos? Boy, I was young and stupid back then.
Jasonian22: Bill, you are STILL young and stupid."
"is it normal to imaginne dartrh vader and myself in a tjhreee way with some hot chick? i'ts always been my fantasy" - DisComment
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Originally posted by Ogie Oglethorpe
Is this supposed to be "Middle class" or "idle class"?
Middle."I have been reading up on the universe and have come to the conclusion that the universe is a good thing." -- Dissident
"I never had the need to have a boner." -- Dissident
"I have never cut off my penis when I was upset over a girl." -- DisComment
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Sure it was. You're just covering for you friends you are.
Do not fear, for I am with you; Do not anxiously look about you, for I am your God.-Isaiah 41:10
I praise you because I am fearfully and wonderfully made - Psalms 139.14a
Also active on WePlayCiv.Comment
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True but if you do a good cash flow analysis as my wife and I did we realized the $200000 (plus loss of 2 years income at another $140000) we ponied up for her MBA from Wharton wasn't really a good investment. Granted she chose not to go into the more lucrative investment banking or consulting routes but even so that a good bit of coin at year 0 dollars that we likely will never recoup even at higher out years wages.Originally posted by flipside
Not just in the short term as cash.
I viewed a degree and a flat as life investments and worth every penny. They have both already repaid themselves to me.
Did it anyway as that was the direction she wanted her career to go. But not because it was the smart money decision."Just puttin on the foil" - Jeff Hanson
“In a democracy, I realize you don’t need to talk to the top leader to know how the country feels. When I go to a dictatorship, I only have to talk to one person and that’s the dictator, because he speaks for all the people.” - Jimmy CarterComment
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My student loan will be ~£13,000 by the end of the year (~2.5% interest
). Plus about £1000 overdraft if I decide to have a good time (0% interest 
).
Although in the UK student loan is paid off as you earn it, taken directly out of your salary before you see it at a flat rate of £1 for every £9.50 you earn above £15,000 a year. And my overdraft will either be paid off with my £1500 starting bonus or more likely within the first 6 months of wages, as that bonus would pay for a nice laptop, TV or holiday
Smile
For though he was master of the world, he was not quite sure what to do next
But he would think of something
"Hm. I suppose I should get my waffle a santa hat." - KuciwalkerComment
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Wharton costs $100k a year?Originally posted by Ogie Oglethorpe
True but if you do a good cash flow analysis as my wife and I did we realized the $200000 (plus loss of 2 years income at another $140000) we ponied up for her MBA from Wharton wasn't really a good investment.
I thought it was more like $40k a year in fees?
Smile
For though he was master of the world, he was not quite sure what to do next
But he would think of something
"Hm. I suppose I should get my waffle a santa hat." - KuciwalkerComment
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about 350K in debt -- all in my house-- Do I win anything for being the most indebted??
Oh but the house is worth about 700K and at current paydown rates will be paid off in 14 years. My target is actually 10 years since every year when I get a raise, I up my mortgage payment a couple of hundred bucksLast edited by Flubber; December 5, 2006, 13:15.You don't get to 300 losses without being a pretty exceptional goaltender.-- Ben Kenobi speaking of Roberto LuongoComment
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$30K per semester plus books, travel etc.Originally posted by Drogue
Wharton costs $100k a year? I thought it was more like $40k a year in fees?
"Just puttin on the foil" - Jeff Hanson
“In a democracy, I realize you don’t need to talk to the top leader to know how the country feels. When I go to a dictatorship, I only have to talk to one person and that’s the dictator, because he speaks for all the people.” - Jimmy CarterComment
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Tuition plus
Room and Board plus
Opportunity Costs Of Foregone Salary
Sometimes makes for interesting net present value calculations on an MBA. Many other professions have low opportunity costs (such a lawyers). MBAs normally have high opportunity costs, since the schools look for people who have had work experience -- those who have had occasion to build up a nice salary.Last edited by DanS; December 5, 2006, 13:32.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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My student loans for law school are massive (about $110,000 now) and I have a $1000 in credit card debt (though that'll quickly disappear).“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)Comment
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Anyway, I think I need more debt. I only have a mortgage, which I may refinance to a 40-year variety and cash out to 80% of the value of my place.
I had $8,000 in student loans, which I paid off. Looking back on the last few years, I realize that I could have taken on tons more in student loans without breaking a sweat.
I had $20,000 in credit card debt, which I paid off. Credit cards take a long time to pay off, but looking back on it, the credit card debt wasn't troublesome as it related to my overall financial resources.
I don't have a car.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Thats the advantage of being an old fart. I got through law school before they started premium pricing it. I graduated with less than 10K debt which even with the most generous estimates of inflation in the last 12 years is still a fraction of what people get saddled with todayOriginally posted by Imran Siddiqui
My student loans for law school are massive (about $110,000 now)You don't get to 300 losses without being a pretty exceptional goaltender.-- Ben Kenobi speaking of Roberto LuongoComment
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