- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 7/1/23 at 3:33 pm to JCdawg
quote:
The baby boomer generation also had it the easiest financially. Administrations have now twice put our currency through its greatest inflationary periods.
I'm a boomer. My first 3-5 years working professionally saw inflation and interest rates that make the current environment look like playtime.
The biggest problem your generation has is it's economically illiterate and too many have enthusiastically embraced the victim culture – both evidenced by posts in this thread.
Here's reality - life gets better and easier with time. To deny this, is to deny the obvious benefits of technological advancement. Remember I said better/easier, that's different from simpler. Life is more complex today.
Posted on 7/1/23 at 3:35 pm to fareplay
It’s called life to tough sh&t olympics.
You want something then you work hard for it.
When I went to college most people worked or had a side hussle (hint that the thing you do to earn money.
Lived with roommates living in crappy apartments like El CID, and didn’t get doordash every night.
Decisions you want a degree then figure out how to pay for it.
You borrow money pay it back.
Pretty simple concept after a person graduates high school, the public should not be paying for your education anymore.
You want something then you work hard for it.
When I went to college most people worked or had a side hussle (hint that the thing you do to earn money.
Lived with roommates living in crappy apartments like El CID, and didn’t get doordash every night.
Decisions you want a degree then figure out how to pay for it.
You borrow money pay it back.
Pretty simple concept after a person graduates high school, the public should not be paying for your education anymore.
Posted on 7/1/23 at 3:49 pm to fareplay
quote:
You think people earning 70k can save 20k a year?
That sounds like a ‘you’ problem.
Curb your spending habits.
Posted on 7/1/23 at 3:52 pm to fareplay
quote:
I make over 200k a year and have a hard time with loans since the bare minimum for interest payment is 1500
To break this down:
200k after taxes is more like 125k
Rent in cities that offer this kind of salary for young professionals is 3500 a month or 42k a year
The average car atm is 50k or roughly 900 a month with insurance or roughly 11k a year
Food and other misc expenses can be up to 2k a month or 24k a year
To ensure I don’t get destroyed by student loans, I pay 1500 a month or 18k a year
That at minimum is 95k in expenses for me who make a bit over 125k after taxes
This is excluding emergency funds, saving for down payment on house, etc.
Imagine if I made only 100k
You are the worst combination of stupidity and weakness that I've ever seen.
Posted on 7/1/23 at 3:55 pm to fareplay
You made a bad financial decision.
Why am I responsible for it?
Why am I responsible for it?
Posted on 7/1/23 at 4:08 pm to fareplay
Young parents: you need to seriously consider 529 plans for your kids.
Posted on 7/1/23 at 4:11 pm to dewster
I spent more than OP on the 5th through the 8th grade for our youngest kid.
Posted on 7/1/23 at 4:12 pm to Rebel
quote:banks made bad decisions back in 2008, got bailed out why was I responsible for it
You made a bad financial decision.
Why am I responsible for it?
Posted on 7/1/23 at 4:14 pm to fareplay
You don’t have to go to college to be financially successful. There are a myriad of ways to make money in the US without a college degree
This post was edited on 7/1/23 at 4:15 pm
Posted on 7/1/23 at 4:16 pm to bobBoxer
quote:
banks made bad decisions back in 2008, got bailed out why was I responsible for it
You shouldn’t have been. 1 bad decision doesn’t justify another.
Posted on 7/1/23 at 4:18 pm to fareplay
quote:
Boomers are the ultimate handout
Do you even know what ages the boomer generation are?
You can thank the 10,000 worthless degrees university s now offer and government for the prices in tuition
Posted on 7/1/23 at 4:23 pm to LaMigra
This is a millennial problem. All they want to do is place blame on boomers for their poor decisions.
They get neck tattoos, turn gay, and get worthless art degrees and wonder why they can’t find a job.
They get neck tattoos, turn gay, and get worthless art degrees and wonder why they can’t find a job.
Posted on 7/1/23 at 4:39 pm to LRB1967
quote:Do you discourage student loans unless absolutely necessary? Do you help them calculate total payout over the life of the loan vs the amount borrowed? I know nothing about it but have read that even after 10 years of payments the principle is reduced very little. I don't know how the payment schedule works or when it starts or even how the monthly payments are calculated. Some of it seems almost predatory but, the kid signed the deal and someone with some experience in the matter should help these kids avoid disaster. But....they still owe the money.
I help high school kids apply for scholarships and grants to help reduce the cost of college. I have been doing this for almost 30 years and have never had a student pay full price. It requires a little work but can be done.
Posted on 7/1/23 at 4:45 pm to Nosevens
quote:
Well this makes absolutely no sense
It’s similar cost at LSU.
Posted on 7/1/23 at 4:53 pm to fareplay
First, get a friggin roommate. I had roommates until I got married.
2nd, don't spend 50k on a car. Get a reliable used car. It will also cut down on insurance and registration fees.
3rd - how does one person spend 2k on food?
My husband and I managed on $100k income with 3 kids. 2 of those kids were twins and needed expensive formula. Then they both needed speech therapy. Not to mention needing 2 of all the standard baby equipment. And we lived in Silicon Valley with a 300k mortgage.
2nd, don't spend 50k on a car. Get a reliable used car. It will also cut down on insurance and registration fees.
3rd - how does one person spend 2k on food?
My husband and I managed on $100k income with 3 kids. 2 of those kids were twins and needed expensive formula. Then they both needed speech therapy. Not to mention needing 2 of all the standard baby equipment. And we lived in Silicon Valley with a 300k mortgage.
Posted on 7/1/23 at 4:54 pm to fareplay
I graduated from A&M in 12/09, definitely owed more than $40,000. Didn’t have a job that paid over $80,000 until 2018. Paid mine off no problem. Just have to prioritize. I drove an old crappy truck, never had the newest phone, and lived in a modest house for a while.
Posted on 7/1/23 at 5:48 pm to fareplay
Your smart arse, disrespectful comments about “boomers” aren’t helping your case. Grow up and take responsibility for yourself.
Posted on 7/1/23 at 5:56 pm to aggressor
That’s where I went. Maritime transportation degree almost guarantees a good paying job after graduation.
Posted on 7/1/23 at 6:43 pm to Diamondawg
quote:
Do you discourage student loans unless absolutely necessary?
Most of the kids are from low income families and have demonstrated financial need. They get enough financial aid from scholarships, grants, work study, and corporate sponsorships that loans are not needed.
Page 14 of 16
Popular
Back to top
Follow TigerDroppings for LSU Football News