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re: What are you telling your kids about getting a degree/career?

Posted on 4/5/13 at 4:22 pm to
Posted by kingbob
Sorrento, LA
Member since Nov 2010
66997 posts
Posted on 4/5/13 at 4:22 pm to
go for a trade or get an engineering degree.

If you are artistic, you can always do that as a hobby. Trades don't require good math skills.

If you really like kids that much, work for a daycare for a couple months then decide if you want to be a teacher.
Posted by ladytiger118
Member since Aug 2009
20922 posts
Posted on 4/5/13 at 4:54 pm to
Get a trade (plumber, electrician, A/C man are making bank), do engineering, do Accounting/Finance/ISDS.
Posted by lsufan112001
sportsmans paradise
Member since Oct 2006
10691 posts
Posted on 4/5/13 at 5:02 pm to
Also, another factor is working for cash money/not reporting that as income. i'm not saying to be a tax evador, as i can't hide one cent with my job.

But with the ridiculous tax rates coming down and what's being proposed, straight money is gonna make a lot of difference.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69895 posts
Posted on 4/5/13 at 5:11 pm to
<------- College Drop Out, and it was the best decision I ever made.

Went to my 10 year HS reunion a couple years ago, and was secretly laughing at the fact that I out earned, usually by 3x or more, all of my friends who have more degrees than a thermometer. The disappointed look on some of their faces when I answered the following questions was priceless

"How much you got left on your student loans?" NOTHING

"What are your hours like?" Whatever I want them to be

"You get vacation time?" Yeah, as much as I want.



"Are you hiring?" Let me check with the person in charge of that, OH WAIT, THAT'S ME







College ain't for everybody
This post was edited on 4/5/13 at 5:13 pm
Posted by lynxcat
Member since Jan 2008
24121 posts
Posted on 4/5/13 at 5:27 pm to
quote:

I have never understood why college has to be only about financial opportunity costs. Every time these threads come up it is about whether you will make more money in the long run going to work out of HS or going to college. It is a lot more than that in my opinion. Universities aren't intended to be trade schools.


The personal growth I experienced in college quite literally transformed me into the man I am today. College was expensive, but neither the social or the academic components alone would have made it worth the price on their own. However, the sum of the parts was the most enriching experience I will probably ever have in my life. I appreciate it more and more as time passes and I can reflect on the lessons and skills I gained from my college experience.
Posted by lynxcat
Member since Jan 2008
24121 posts
Posted on 4/5/13 at 5:39 pm to
quote:

<------- College Drop Out, and it was the best decision I ever made.

Went to my 10 year HS reunion a couple years ago, and was secretly laughing at the fact that I out earned, usually by 3x or more, all of my friends who have more degrees than a thermometer. The disappointed look on some of their faces when I answered the following questions was priceless

"How much you got left on your student loans?" NOTHING

"What are your hours like?" Whatever I want them to be

"You get vacation time?" Yeah, as much as I want.



"Are you hiring?" Let me check with the person in charge of that, OH WAIT, THAT'S ME







College ain't for everybody


Ok...so you are self-employed. Good for you. You also pay $20,000 a year to get healthcare with a high deductible while I pay $120/month.

There are tradeoffs in everything. I am very familiar with the self-employed lifestyle...there are benefits, but there are also risks.
Posted by lynxcat
Member since Jan 2008
24121 posts
Posted on 4/5/13 at 5:42 pm to
quote:

Get a trade (plumber, electrician, A/C man are making bank), do engineering, do Accounting/Finance/ISDS.


No list is completed with computer programming.

If you really do not want to attend college, then spend your entire high school career becoming a self-taught outstanding programmer and you will be able to write your own ticket for the rest of your life.

Programming should be taught in schools before learning even a foreign language. It will literally be the most important skill set that will exist in the world of the future.
Posted by Zach
Gizmonic Institute
Member since May 2005
112406 posts
Posted on 4/5/13 at 5:42 pm to
quote:

The personal growth I experienced in college quite literally transformed me into the man I am today.

It was totally different for me.
I hated HS because everyone was stupid. I did early admissions to USL (now ULL) while in HS thinking it would be great to be around smart people. All I found was older stupid kids.

Then I went to Centenary and it was great. I found my own kind at last. Greatest 4 years of my life by far.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 4/5/13 at 5:57 pm to
quote:

Trades don't require good math skills.


Depends on how you define math skills. They may not be able to find the deravitive of 1/x, but I have never come across a machinest, welder, electrician, pipe fitter, plumber, etc, that was not comfortable with what we in the 60s and 70s called shop math. The certification exams in most of these fields make the knowledge almost necessity.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69895 posts
Posted on 4/5/13 at 7:04 pm to
quote:

Ok...so you are self-employed.


Actually I own a Corporation


quote:

Good for you.


It has been

quote:

You also pay $20,000 a year to get healthcare with a high deductible while I pay $120/month.


Not even close. It's $135/Month for my HSA + $250/Month Contributions. So that's $4,620 a year, and it's all tax deductible, oh and those Contributions roll over every year, and grow tax free.

quote:

. I am very familiar with the self-employed lifestyle


You must have failed miserably at it, which is typical of someone who thinks working for somebody else = low risk.


quote:

there are also risks.


If you're a PUSSY, you see self employment as a risk. It's not for everyone.

Some are content having somebody else determine their income, some want to climb the corporate ladder, I like owning the ladder.


Posted by lynxcat
Member since Jan 2008
24121 posts
Posted on 4/5/13 at 7:49 pm to
quote:

Actually I own a Corporation



Whether you are incorporated or not does not change the fact that it is self-employment.

quote:

Not even close. It's $135/Month for my HSA + $250/Month Contributions. So that's $4,620 a year, and it's all tax deductible, oh and those Contributions roll over every year, and grow tax free.


So if you get cancer right now and have 500k in bills show up...what is your coverage?

You are golden on everyday medical bills, though.

quote:

You must have failed miserably at it, which is typical of someone who thinks working for somebody else = low risk.


You sound like an a-hole for the sake of being an a-hole.

quote:

If you're a PUSSY, you see self employment as a risk. It's not for everyone.

Some are content having somebody else determine their income, some want to climb the corporate ladder, I like owning the ladder.


The experience I get right now by having someone else 'own the ladder' sets me up better than anything else I could be doing right now. The option to work for myself is always out there and it isn't going anywhere.


Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69895 posts
Posted on 4/5/13 at 8:08 pm to
quote:

Whether you are incorporated or not does not change the fact that it is self-employment.




Fair enough

quote:

So if you get cancer right now and have 500k in bills show up...what is your coverage?

You are golden on everyday medical bills, though.


100% covered up $1 Million/Calender Year after I meet the $5,000 deductible (Which I could pull off my HSA without even noticing). Plus I have Indemnity Coverage for critical illnesses. I'd say I'm golden either way.


quote:

You sound like an a-hole for the sake of being an a-hole.


You sound like you mad, you mad? Yeah, you mad.

quote:

The experience I get right now by having someone else 'own the ladder' sets me up better than anything else I could be doing right now. The option to work for myself is always out there and it isn't going anywhere.







If you say so
Posted by Bayou Tiger
Member since Nov 2003
3657 posts
Posted on 4/5/13 at 8:57 pm to
I will tell my kids the following:

1) Understand how to work for money and how much things cost in life.
2) Figure out the things in life that you are good at and enjoy doing.
3) Figure out a career where you can reasonably enjoy what you are doing and still make enough money to have the flexibility you want in life and support a family.
4) Figure out which college and degree program will best help you do that with the least amount of student loan debt - think about the value of the degree versus how much those loan payments (if any) will cost every month.

My kids are 4 and 6, but hopefully before they decide on a college and degree program, the concepts above will be second nature. I will certainly help them brainstorm the possibilities.
Posted by Bayou Tiger
Member since Nov 2003
3657 posts
Posted on 4/5/13 at 9:08 pm to
quote:

I have never understood why college has to be only about financial opportunity costs. Every time these threads come up it is about whether you will make more money in the long run going to work out of HS or going to college. It is a lot more than that in my opinion. Universities aren't intended to be trade schools.
As higher education costs continue to skyrocket, the financial aspect is becoming an even more important part of the discussion.
Posted by I Love Bama
Alabama
Member since Nov 2007
37693 posts
Posted on 4/5/13 at 9:14 pm to
quote:

I bet there are +30% of the people under the age of the 30 that would have been better off financially if they would have entered the job market directly rather than going to college.


I totally agree. My buds with college degrees are between 40k - 50k. The ones that didn't go to college have no debt and are in the 70s
Posted by LNCHBOX
70448
Member since Jun 2009
84053 posts
Posted on 4/5/13 at 9:20 pm to
You may be successful, but you sure sound like an a-hole here.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69895 posts
Posted on 4/5/13 at 9:23 pm to
quote:

I totally agree. My buds with college degrees are between 40k - 50k. The ones that didn't go to college have no debt and are in the 70s



Careful, if any more sand ends up in lynxcat's vagina, he could become a walking time bomb
Posted by LSUTOM07
Baton Rouge
Member since Dec 2011
765 posts
Posted on 4/5/13 at 9:26 pm to
Vols&Shaft83

In what industry do you work?
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123776 posts
Posted on 4/5/13 at 9:31 pm to
quote:

Is the medical field the only/the best way to pursue such right now?


Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69895 posts
Posted on 4/5/13 at 9:32 pm to
quote:

You may be successful, but you sure sound like an a-hole here.


You and lynxcat must menstruate at the same time. Neither of you can make a rational counter argument, so you resort to calling me an a-hole. You both make assumptions about me, that are not at all based in reality, and when I point out how wrong you are, you get all butthurt.

Same thing has happened in a couple of different threads.
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