- 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
re: 22 year old blows 90k for college, blames Parents
Posted on 7/17/15 at 11:31 am to brodeo
Posted on 7/17/15 at 11:31 am to brodeo
Parents (and most definitely the educational system) nowadays ARE responsible for creating these kids. It all comes back to the "everyone is special, everyone is a winner" mindset that is somehow so effing pervasive. Kids are now the center of attention in every single setting they're in. They are what's talked about, focused on, constantly getting attention.
Back in the day, kids were secondary, learned things for themselves, knew where they were in the order of things, and that was that.
The sooner kids start to realize they're not special and they have to work for shite, the better.
The trend today is annoying as shite and not good for our country
Back in the day, kids were secondary, learned things for themselves, knew where they were in the order of things, and that was that.
The sooner kids start to realize they're not special and they have to work for shite, the better.
The trend today is annoying as shite and not good for our country
This post was edited on 7/17/15 at 11:40 am
0
Posted on 7/17/15 at 11:31 am to brodeo
quote:
She had $90,000. Her tuition is $20,000/year.
It sounds like she should have selected another school.
..and I bet this chick has a useless major as well.
Posted on 7/17/15 at 11:32 am to Dan Bilzerian
20k a year for schools and living is actually really cheap. A private school, or out of state will be around 50 per year.
Posted on 7/17/15 at 11:35 am to brodeo
quote:
Well, lets think about this. She had $90,000. Her tuition is $20,000/year. Now, right off the bat, she already dropped $60,000 on tuition. That means that she spent roughly $10,000/year on living expenses assuming that her college fund was her only source of money. That's really not unthinkable. That means her rent, food, school supplies, books, gas for her car, insurance, cell phone bill, utilities, ect averaged out to $834/month. That's really not outrageous for a college student. Sure, she probably could have done better with more budgeting, but think of it this way:
Assuming the college fund was her only source of income, her tuition was a total of $80,000. Already, almost 90% of her college fund is gone, right off the bat. That only leaves $10,000 to live off of for 4 years. That's only $208/month for books, food, housing, utilities, ect. That's impossible. Van's down by the river have higher rent than that.
This means that she would have either had to work a substantial number of hours while in school or have her parents pay for even more!
Only showing the ridiculous costs of post-secondary education.
Posted on 7/17/15 at 11:38 am to SabiDojo
quote:
Only showing the ridiculous costs of post-secondary education.
its not all that ridiculous when you see what it cost for private school for k-12. You get career prep at college which is what you are investing in(at least should be)
Posted on 7/17/15 at 11:43 am to lsuhunt555
She needs to jump off a bridge
Posted on 7/17/15 at 11:43 am to NYCAuburn
To me it's less about the cost (which is ridiculous) and more about the mindset that she, or they in the case of millenials, are all special and for some reason owed something.
Posted on 7/17/15 at 11:45 am to SabiDojo
quote:
Only showing the ridiculous costs of post-secondary education.
This. Her failure shouldn't mostly be an indictment of her generation's lack of financial skills (though that should still be noted. It is a major failure of their parents and our public school curriculums) as much as it is an indictment of the out of control costs of higher education in this country.
Posted on 7/17/15 at 11:46 am to GeauxxxTigers23
quote:
Back in my day a girl who blew all of daddy's money would take a little initiative and strip to put herself through college.
Something tells me this one doesn't have the talent.
Posted on 7/17/15 at 11:46 am to jmarto1
quote:
I blame a little bit on parenting here. I blame a lot on our education system by not teaching these kids anything about personal finance in high school.
It's simple math... You have X amount to spend over a 4 year period. If she can't figure that out she has no business being in college to begin with.
Posted on 7/17/15 at 11:53 am to Cosmo
quote:
Colleges are more interested in teaching social justice than money management
People should know that shite long before they roll up on campus, unless they are some 14 year old prodigy or something.
This post was edited on 7/17/15 at 11:54 am
Posted on 7/17/15 at 12:03 pm to MikeBRLA
quote:
It's simple math... You have X amount to spend over a 4 year period. If she can't figure that out she has no business being in college to begin with.
20,000/year is not extravagant by any sort for an in-state tuition in pretty much any state outside of Louisiana. She only had $10,000 to live off of (after tuition) for 4 years. That's impossible. She needed some other source of money, be that parents, a job, scholarships, internships, ect. The fact that she ran out after year 3 means that she was living off of 10 grand/year, which is not abnormal by any means. That's not an extravagant lifestyle for a college student, in fact, pretty typical.
The issues here are 2 fold:
1. Lack of financial education. This girl did not have the knowledge to understand that she could not live off of $10,000 for 4 years. It simply wasn't possible. She needed to be working or taking out loans to keep her head above water.
2. The insane costs of higher ed. The fact that $20,000/year tuition isn't outrageous (and is actually pretty "par for the course") should be alarming to most people. There is simply no necessary reason for costs to be rising so much and so quickly other than government being involved in student loans. There is no other rational basis.
Posted on 7/17/15 at 12:13 pm to brodeo
Guys, it's not about the costs. Yes, they're high. But this girl, if real
a) Had no idea how long the money she had would last her
b) Didn't spend the money efficiently
c) Didn't do anything to provide herself additional funds (at least as far as we know)
d) Is blaming others for her mismanagement of a tremendous amount of money GIVEN to her
e) Expects other people to bail her out...and give her more for nothing
As I said before the costs are an issue, but in this case the costs are a mechanism to expose the ridiculous mindset of the younger millenial generation.
The more I think about this, the more I think it's fake. The full disguising of her name and voice coupled with her not thinking banks should be able to get interest on loans is a pretty strong indicator.
a) Had no idea how long the money she had would last her
b) Didn't spend the money efficiently
c) Didn't do anything to provide herself additional funds (at least as far as we know)
d) Is blaming others for her mismanagement of a tremendous amount of money GIVEN to her
e) Expects other people to bail her out...and give her more for nothing
As I said before the costs are an issue, but in this case the costs are a mechanism to expose the ridiculous mindset of the younger millenial generation.
The more I think about this, the more I think it's fake. The full disguising of her name and voice coupled with her not thinking banks should be able to get interest on loans is a pretty strong indicator.
This post was edited on 7/17/15 at 12:15 pm
Posted on 7/17/15 at 12:25 pm to Chucktown_Badger
quote:
a) Had no idea how long the money she had would last her
b) Didn't spend the money efficiently
c) Didn't do anything to provide herself additional funds (at least as far as we know)
quote:
1. Lack of financial education. This girl did not have the knowledge to understand that she could not live off of $10,000 for 4 years. It simply wasn't possible. She needed to be working or taking out loans to keep her head above water.
Someone failed at reading comprehension. Her lack of understanding in financial matters was culprit #1. This stuff doesn't come naturally. It has to be taught, but once you've learned, it's hard to understand how other people don't (kind of like swimming or riding a bike). Clearly, no one taught her. As a product of our public schools, I know they as sure didn't teach her.
quote:
d) Is blaming others for her mismanagement of a tremendous amount of money GIVEN to her
e) Expects other people to bail her out...and give her more for nothing
This is a parenting issue. People do not become young adults in a vacuum. They are molded by their parents, their peers, and their experiences. No one should have this attitude. Her parents should have recognized it and drilled it out of her. She's likely been "daddy's little girl" her whole life, spoiled, and never had to work. However, children's attitudes are a direct reflection of what their parents allowed them to be. Attitude isn't nature, it's nurture.
She is right to blame her parents to some extent. They likely told her that that money would last her all 4 years of college. Her father probably looked down on people who worked minimum wage jobs and his daughter emulated that mindset. He gave her an insufficient sum of money with no financial training and just expected it to work out? Did he not realize it wasn't going to last? Is he even financially literate? Clearly, she was completely and utterly untrained to handle those responsibilities.
If an employee (child) fails due to lack of training, it's on the manager (parents and teachers). They need to be shown how not to fail.
If an employee fails despite their training, it's on the employee. They knew better, but did so anyways. However, if their manager could see that they were on a path to failure yet took no action to correct it, it is once again on the manager to an extent.
Posted on 7/17/15 at 12:25 pm to lsuhunt555
And this is really, real? Seriously? 
Posted on 7/17/15 at 12:36 pm to brodeo
quote:
1. Lack of financial education. This girl did not have the knowledge to understand that she could not live off of $10,000 for 4 years. It simply wasn't possible. She needed to be working or taking out loans to keep her head above water.
Exactly. She didn't know how to use very simple math. She had no business being in college in the first place. If she cannot survive a few years with someone giving you a $90K head start, then I highly doubt you are going to come out of college and find someone willing to pay you to be responsible for their matters. Hell, she has proven she cannot be responsible in her own life.
Posted on 7/17/15 at 12:37 pm to brodeo
I don't disagree with you brodeo. I blame the parents and school system nowadays too. But honestly, it doesn't take a genius to figure out "if I give you 90, and you take away 30 every year, when will you run out of money?" That's less high finance and more being irresponsible, needy, and entitled.
Very much a parent issue though. Kids are not getting taught personal responsibility, shielded from any kind of disappointment or failure, and it's starting to show. Why do you think depression is rising in college aged students? They're getting smacked with what life is really like and don't know how to cope.
This is a pretty interesting illustration of how we likely have gotten to where we are LINK
"
Very much a parent issue though. Kids are not getting taught personal responsibility, shielded from any kind of disappointment or failure, and it's starting to show. Why do you think depression is rising in college aged students? They're getting smacked with what life is really like and don't know how to cope.
This is a pretty interesting illustration of how we likely have gotten to where we are LINK
"
quote:"
GYPSYs Are Delusional "Sure," Lucy has been taught, "everyone will go and get themselves some fulfilling career, but I am unusually wonderful and as such, my career and life path will stand out amongst the crowd." So on top of the generation as a whole having the bold goal of a flowery career lawn, each individual GYPSY thinks that he or she is destined for something even better -- A shiny unicorn on top of the flowery lawn. 2013-09-15-Geny13.jpg So why is this delusional? Because this is what all GYPSYs think, which defies the definition of special: spe-cial | 'speSHel | adjective better, greater, or otherwise different from what is usual. According to this definition, most people are not special -- otherwise "special" wouldn't mean anything. Even right now, the GYPSYs reading this are thinking, "Good point... but I actually am one of the few special ones" -- and this is the problem. A second GYPSY delusion comes into play once the GYPSY enters the job market. While Lucy's parents' expectation was that many years of hard work would eventually lead to a great career, Lucy considers a great career an obvious given for someone as exceptional as she, and for her it's just a matter of time and choosing which way to go. Her pre-workforce expectations look something like this: 2013-09-15-Geny14.jpg Unfortunately, the funny thing about the world is that it turns out to not be that easy of a place, and the weird thing about careers is that they're actually quite hard. Great careers take years of blood, sweat and tears to build -- even the ones with no flowers or unicorns on them -- and even the most successful people are rarely doing anything that great in their early or mid-20s. But GYPSYs aren't about to just accept that.
Posted on 7/17/15 at 12:38 pm to lsuhunt555
I also blame the parents for raising someone who cannot budget their money. What's not to understand here?
Posted on 7/17/15 at 12:39 pm to Chucktown_Badger
quote:
by Chitown_Badger
100%
Posted on 7/17/15 at 12:43 pm to lsuhunt555
I blame the grandparents, they obviously didn't raise the brat's parents well. In turn the parents did a shitty job raising the brat. Then to top it off the grandparents left the brat $90,000. You can tell pretty early on if the kid is an idiot, they should have known better, but these are the same grandparents that did a shitty job of raising their own kids so what do they know.
It's a snowball of terrible, each generation gets worse than the one before it.
It's a snowball of terrible, each generation gets worse than the one before it.
Page 6 of 8
Popular
Back to top
Follow TigerDroppings for LSU Football News