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re: GOLDMAN SACHS: College may not be worth it

Posted on 12/9/15 at 1:09 pm to
Posted by N2cars
Member since Feb 2008
40380 posts
Posted on 12/9/15 at 1:09 pm to
quote:

My point was if you are good enough, your education doesn't matter.


100% agree.
Posted by NYNolaguy1
Member since May 2011
21849 posts
Posted on 12/9/15 at 1:15 pm to
quote:

Thanks, sherlock.
You're welcome. Let me know if you need any more help.
Posted by TheAlmightySmash
New Orleans
Member since Jun 2014
5493 posts
Posted on 12/9/15 at 1:16 pm to
quote:

Engineers are cool and all, but somebody has to weld/build/fabricate/install/wire the Space-X ships too.



If you're telling me a kid mentally capable of going through an engineering curriculum should be a $/hr blue collar skill worker then you you are crazy. I 100% agree these limp wristed general business majors are probably wasting their time and money. STEM students are the future of this country.
Posted by kfaulk03
Baton Rouge
Member since Feb 2007
1494 posts
Posted on 12/9/15 at 1:57 pm to
I like the fake it on the resume idea. If the company ever finds out, just tell them there's free Ivy League classes online why would I pay to go to a school and that it was a stupid self-imposed obstacle to this job that obviously had no predictive power for success. Then knock the coffee out of his hand and walk out.
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 12/9/15 at 2:32 pm to
I don't know how you read that and get offended as an engineer. All I was saying is there are interesting high tech jobs for blue collar types. Are all engineers this touchy or are you having your mansies?
Posted by Snipes318
PCP
Member since May 2015
281 posts
Posted on 12/9/15 at 2:37 pm to
Most engineers are vaginas and think they know everything.
Posted by sullivanct19a
Florida
Member since Oct 2015
5239 posts
Posted on 12/9/15 at 2:45 pm to
Is this what Goldman Sachs does? Tell us things that 90% of the population already knows?
Posted by slackster
Houston
Member since Mar 2009
91874 posts
Posted on 12/9/15 at 2:47 pm to
quote:

As of Sep 2015, the average pay for a Plumber is $20.15/hr or $49263 annually.


What kind of math is this? $49,263 per year at $20.15/hr is 2445 hours worked. There are 2088 working hours in 2015 assuming 8 hours per day and no holidays/vacation. If you're including overtime in the average annual salary then you should adjust the average hourly wage appropriately. Either way, I'd like a link to the original information if you have one.
Posted by Cdawg
TigerFred's Living Room
Member since Sep 2003
62218 posts
Posted on 12/9/15 at 2:52 pm to
quote:

Because I couldn't own a home and have kids while only making 100k?

What world are you living in?

Posted by Huey Lewis
BR
Member since Oct 2013
5177 posts
Posted on 12/9/15 at 2:57 pm to
(no message)
This post was edited on 10/2/20 at 9:54 pm
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18419 posts
Posted on 12/9/15 at 3:11 pm to
quote:



This is why middle class people invented suburbs. Have you heard about Metarie?



$100k isn't middle class either.
Posted by slackster
Houston
Member since Mar 2009
91874 posts
Posted on 12/9/15 at 3:21 pm to
quote:

Because I couldn't own a home and have kids while only making 100k?




Married with two children:

$100k gross - $7,500 insurance - $5,000 retirement - $7,075 FICA - $7,900 Fed Tax - $2,465 State Tax = $70,060 net

Can you buy a $500k home, drive two BMWs, and send you kids to Country Day for $5833/month? No, of course not.

However, if you can't live as a family of 4 in New Orleans on $5,833 net you're bad with money.
Posted by GreatLakesTiger24
Member since May 2012
61594 posts
Posted on 12/9/15 at 3:23 pm to
quote:

However, if you can't live as a family of 4 in New Orleans on $5,833 net you're bad with money.

Or you don't want to live in the projects.

100k isn't nearly enough to raise a family IN a city.
Posted by Howyouluhdat
On Fleek St
Member since Jan 2015
9189 posts
Posted on 12/9/15 at 3:29 pm to
quote:

When was the last time you hired a plumber? Their hourly labor rates are $100+/hr, sometimes $150/hr.



That's going to the company they work for numbnuts
Posted by slackster
Houston
Member since Mar 2009
91874 posts
Posted on 12/9/15 at 3:32 pm to
quote:

Or you don't want to live in the projects.

100k isn't nearly enough to raise a family IN a city.




If half of that went to you're mortgage and escrow, you could afford a 400k house and still have $2900 to go around for the month.

I'm not sure why this is even a debate to be quite frank. You can live in New Orleans as a family of 4 on $100k/year gross.

I don't give a shite if you can't own nice vehicles and/or send your kids to private school - those aren't pillars of being able to live.
This post was edited on 12/9/15 at 3:33 pm
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18419 posts
Posted on 12/9/15 at 3:39 pm to
quote:

Or you don't want to live in the projects.



Posted by GreatLakesTiger24
Member since May 2012
61594 posts
Posted on 12/9/15 at 3:46 pm to
Ok

What neighborhood in Nola is both affordable and has decent public schools?

Hint: there isn't one
Posted by Martini
Near Athens
Member since Mar 2005
49697 posts
Posted on 12/9/15 at 3:56 pm to
quote:

Our electricians going to have someone hand them 50/hr the day they get licensed? No. But to act like getting 40 to 50 an hour is like hitting the lottery is being close minded.


Plumber came to my house today. Replaced a gas line. He made the line up on his truck, did a bit of digging, removed old line, replaced new line filled hole back up.

About 2 hours maybe a little less. $271.00 labor and material and worth every penny.
Posted by slackster
Houston
Member since Mar 2009
91874 posts
Posted on 12/9/15 at 3:57 pm to
quote:

What neighborhood in Nola is both affordable and has decent public schools?

Hint: there isn't one



The post to which I replied was one that insinuated it was comical to try and live in New Orleans as a family of 4 off of $100k/year.

I've proven that there is more than enough take home pay after traditional deductions and retirement savings to do just that. If you want to argue that you can't live in the Garden District while sending your two kids to Newman for $100k/year, then I would agree, but that wasn't the original premise.

These type of threads highlight the difference between wants and needs. Is $100k enough to give you and your family everything you want in New Orleans? No, but it sure as hell can get you everything you need.
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
37483 posts
Posted on 12/9/15 at 3:58 pm to
quote:

I don't give a shite if you can't own nice vehicles and/or send your kids to private school - those aren't pillars of being able to live.


If you want your kids to live, you send them to private school here.

Public school isn't a viable option.

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