Wow, this comment is really encouraging. My children have both had to start at the local community college so that they could live at home and then progress to the four year school. They have done very well. The eldest graduated from the top of her class and is now employed in a responsible position. The youngest is going to move on to the four year school soon.
A friend of mine whose child's test scores were identical to my daughter's got a four year full ride to Harvard. No kidding. But their income was less than ours.
The middle class is getting squeezed really tightly right now. Thank you for the reminder that it is possible to get through school, get a decent job, and advance without taking out a gazillion dollars in student loans to pay for a designer type of education.
I called Fandango, because I couldn't get this to work for me. Apparently this was limited in the amount of BOGO tx they would give out and they met their quota already. Oh, well!
I donated over a year ago but I was more financially stable then. Now I want to sell 10 inches of my hair. I have never ever dyed or permed my hair. It has always been totally natural. I don't even blow dry. It is also very thick and curly.
as my kids will be going to college in a few years. I have been encouraged to consider private schools, which may make sense if we could get aid. It does seem as if saving and having assets may work against us--fortunately, there are great, relatively inexpensive state universities in North Carolina.
I'm glad your friend got to go to MIT on someone else's dime!
the price goes up but the game is still flexible. I thought it would be nice to have a family-friendly version of the game on the Internet as all my searches turned up not-so-friendly versions.
That's pretty awesome Pedro. In my state, you are guaranteed an acceptance letter to one of the University of Californias if you are in the top 4% of your graduating class, but the finances are a totally different matter. A state school could cost as much as a private school if you are from out of state for reasons of taxes and such. I think it could be a lot more simple and more fair if it is purely a meritocracy, but then people complain that the richer kids had more opportunities for prep classes and such.
... in Portugal, my country, if you have good grades you can go to whatever public (state) University. If your grades are fabulous, you can go to Coimbra's Medical School (as good as it gets). Wanna know why? Because tuition is affordable!
That and free medical care for all make it a little more democratic that other (wink wink, nudge, nudge) countries, wouldn't you agree?
President is a drinking game. LOL. It's played almost the same way, but you have to drink on skips, can't go's, 4's or 2's, and whenever someone with a higher rank tells you to.
The thing is that the source of a lot of that information on the internet or in the library is from government sources in the first place. I'm not necessarily keen on the idea that the government is acting as a publisher, but if that's already the case, there's no reason to not take advantage of it.
It is so true that the situations at work combined with societal stress to have, buy and gain status creates some of our medical and mental problems. Then people spend huge amounts of money on drugs and care to try to plug the sinking ship. That big monthly drug bill and even more dependence on insurance leads to even more need to put up with the employer and stay there.
the EPA says a lot of things. Funny though, how they change their minds so much. What I say is that this is nothing. The value of life is how much you want it to be.
Just being concerned about whether prices are going down is a pretty good indicate that you shouldn't be buying. The only time it makes sense to buy during a recession is when you don't care which way the price will go next, because you're buying something that you want or need, and you can comfortably afford it at the current price.
During a recession, valuable stuff of all sorts will be available for less than its real value--but will very likely be available even cheaper later. Don't buy it if your goal is to sell it later, after the price goes up--there's no way to know when that will be.
On the other hand, during a recession you can often buy stuff at low prices--often below replacement cost. That's great if you buy stuff that you want or need. Just don't buy it planning to sell it at a profit, and don't buy it with borrowed money.
I talk a bit about this in my piece on preparing for a recession, although its focus is mainly on the moves to make in advance of one, rather than during one.
It turns out to be kind of difficult to come up with a picture that captures "evil" as a concept. I didn't want to use historical figures, because they did specific evil things (which were generally not the evil things my article is talking about). I considered pictures of specific evil things that actually happen (factories belching polution, say), but that seemed to make it overly specific. So, I ended up with a cat, even though I rather like cats.
This cat picture was grabbed off Flickr. Most of the other cat pictures that have appeared on my posts are pictures of my own cat. In particular, these three:
That's pretty cool discussion. I would like to digress a bit and would like to know about how to benefit from recession? Is buying fixed assets a good idea when property prices are going down?
I've learned many facts from the posts on this forum and I appreciate all of them. I've often wondered if we'd be better off mortgage free. I've asked my CFA and CPA for their advice regarding making the payoff on my home mortgage (17 years remaining). Their advice differed, however the common point to which they both agreed was, the security that the home was yours free and clear regardless of the constant economic swings was invaluable. I've decided not to pay off the mortgage and continue to execute the plan that has me in this favorable financial situation. I will say that having financial security in tough economic times provides peace of mind that is unrivaled.
Call me crazy, you wouldn't be the first, but I'm one of those weird people that thinks going to college is more than just preparing for a job. I'm saying this in response to your guest who thinks his degree isn't worth anything.
And the truth of the matter is, your degree does mean something. The completion of a college liberal arts degree, while not necessarily giving a person a world of practical experience, tells employers a lot of who a person is in terms of character. In the long run, for a business, that means a lot.
Recruiters will tell you that where you went to school and how you performed are factors in deciding who to hire. The problem is that your classmates who could afford to do unpaid summer internships have a leg up on you, but like Julie says, you can translate all college experiences into practical assets, especially if you enjoy learning and make the most of your college experience.
Thanks for the in-depth and very informative article, Julie. There's great advice in there.
Thanks for the hot tip. I can't remember the last time I went to the movies... actually, it was last week, to go see Wall-E with our kids, which BTW I loved. Can't say I'll be seeing Dark Knight any time soon, though I'm hearing all the accolades of Ledger's standout performance.
As a consumer who is trying to be responsible, it's difficult when the temptation to spend your money is encouraged by the government. After all, what did our administration call for after 9/11? Go shopping! Rack up some debt and spend your tax refund at the mall, even if it requires taking out a second mortgage.
And women's mags are only the tip of the iceberg.
We have owned our house for a year now and I'm simply blown away at the number of avenues that a homeowner can spend their money. The amount of stuff out there is amazing. How many toilets (with names like Memoirs and Soiree) can a person look at?
In the consumer obsessed world that we live in, it's hard to avoid the message to consume during any waking moment. I feel it when I walk into a friend's home and see all the cool stuff they've bought for their house.
And if you watch TV, forget about it. When you consider the massive market for kids toys and stuff, which I assume is not perpetuated via women's magazines, then there is only one avenue by which their message is relayed, and that's TV. It would therefore seem that print media is only part of the problem, since beautiful men and women are the norm on the tube.
Nice insight on your piece, Andrea. I think it speaks to everyone, even those who claim to be immune to it all.
We own our house, but were renters for most of our lives, even after our children were born. I think there are times when renting is not a bad option, especially when you're young and single and have a world of opportunities ahead of you. Buying a house ties you down, so isn't it better to wait until you're really ready to settle down before you take the plunge?
True, money spent on rent is money gone, but the hidden costs of home ownership are huge, not to mention the time and responsibility. And it's not always so simple to just sell your house if you want to move, which is not uncommon when you're still trying to figure things out.
We love being home owners, and are grateful to have a yard and community (that we love) for your kids, but had we owned our home from the get go, we might not have had the flexibility to explore the world and figure out our lives before deciding where to settle down.
Wow, this comment is really encouraging. My children have both had to start at the local community college so that they could live at home and then progress to the four year school. They have done very well. The eldest graduated from the top of her class and is now employed in a responsible position. The youngest is going to move on to the four year school soon.
A friend of mine whose child's test scores were identical to my daughter's got a four year full ride to Harvard. No kidding. But their income was less than ours.
The middle class is getting squeezed really tightly right now. Thank you for the reminder that it is possible to get through school, get a decent job, and advance without taking out a gazillion dollars in student loans to pay for a designer type of education.
The Monetization session was very informative today. I hope you enjoyed the rest of the show... I know we did!
~Debby
I called Fandango, because I couldn't get this to work for me. Apparently this was limited in the amount of BOGO tx they would give out and they met their quota already. Oh, well!
Isn't this why there are federally backed student loans?
I donated over a year ago but I was more financially stable then. Now I want to sell 10 inches of my hair. I have never ever dyed or permed my hair. It has always been totally natural. I don't even blow dry. It is also very thick and curly.
How much should I charge?
as my kids will be going to college in a few years. I have been encouraged to consider private schools, which may make sense if we could get aid. It does seem as if saving and having assets may work against us--fortunately, there are great, relatively inexpensive state universities in North Carolina.
I'm glad your friend got to go to MIT on someone else's dime!
the price goes up but the game is still flexible. I thought it would be nice to have a family-friendly version of the game on the Internet as all my searches turned up not-so-friendly versions.
That's pretty awesome Pedro. In my state, you are guaranteed an acceptance letter to one of the University of Californias if you are in the top 4% of your graduating class, but the finances are a totally different matter. A state school could cost as much as a private school if you are from out of state for reasons of taxes and such. I think it could be a lot more simple and more fair if it is purely a meritocracy, but then people complain that the richer kids had more opportunities for prep classes and such.
... in Portugal, my country, if you have good grades you can go to whatever public (state) University. If your grades are fabulous, you can go to Coimbra's Medical School (as good as it gets). Wanna know why? Because tuition is affordable!
That and free medical care for all make it a little more democratic that other (wink wink, nudge, nudge) countries, wouldn't you agree?
Peace.
Pedro
i was in that "not rich enough, not poor enough" middle class. I just ended up with enough student loans to keep me eating ramen noodles till I'm 40.
Epicurious has an interactive map so that you can see what's in season in your state month by month through the year.
http://www.epicurious.com/articlesguides/seasonalcooking/farmtotable/sea...
It's not perfect of course. But it gives a pretty good idea of when locally grown foods will be available.
President is a drinking game. LOL. It's played almost the same way, but you have to drink on skips, can't go's, 4's or 2's, and whenever someone with a higher rank tells you to.
Although these rules are slightly different.
They will be drinking to it soon enough...
The thing is that the source of a lot of that information on the internet or in the library is from government sources in the first place. I'm not necessarily keen on the idea that the government is acting as a publisher, but if that's already the case, there's no reason to not take advantage of it.
living in japan with a region 2 mico dvd-mo2w...anyone know how to unlock this little beast
It is so true that the situations at work combined with societal stress to have, buy and gain status creates some of our medical and mental problems. Then people spend huge amounts of money on drugs and care to try to plug the sinking ship. That big monthly drug bill and even more dependence on insurance leads to even more need to put up with the employer and stay there.
This is a real eye opener along the same lines.
http://www.orionmagazine.org/index.php/articles/article/2962
Would you please share with me what you learned
the EPA says a lot of things. Funny though, how they change their minds so much. What I say is that this is nothing. The value of life is how much you want it to be.
Just being concerned about whether prices are going down is a pretty good indicate that you shouldn't be buying. The only time it makes sense to buy during a recession is when you don't care which way the price will go next, because you're buying something that you want or need, and you can comfortably afford it at the current price.
During a recession, valuable stuff of all sorts will be available for less than its real value--but will very likely be available even cheaper later. Don't buy it if your goal is to sell it later, after the price goes up--there's no way to know when that will be.
On the other hand, during a recession you can often buy stuff at low prices--often below replacement cost. That's great if you buy stuff that you want or need. Just don't buy it planning to sell it at a profit, and don't buy it with borrowed money.
I talk a bit about this in my piece on preparing for a recession, although its focus is mainly on the moves to make in advance of one, rather than during one.
It turns out to be kind of difficult to come up with a picture that captures "evil" as a concept. I didn't want to use historical figures, because they did specific evil things (which were generally not the evil things my article is talking about). I considered pictures of specific evil things that actually happen (factories belching polution, say), but that seemed to make it overly specific. So, I ended up with a cat, even though I rather like cats.
This cat picture was grabbed off Flickr. Most of the other cat pictures that have appeared on my posts are pictures of my own cat. In particular, these three:
So, any suggestions for a picture I could use instead?
That's pretty cool discussion. I would like to digress a bit and would like to know about how to benefit from recession? Is buying fixed assets a good idea when property prices are going down?
I've learned many facts from the posts on this forum and I appreciate all of them. I've often wondered if we'd be better off mortgage free. I've asked my CFA and CPA for their advice regarding making the payoff on my home mortgage (17 years remaining). Their advice differed, however the common point to which they both agreed was, the security that the home was yours free and clear regardless of the constant economic swings was invaluable. I've decided not to pay off the mortgage and continue to execute the plan that has me in this favorable financial situation. I will say that having financial security in tough economic times provides peace of mind that is unrivaled.
Call me crazy, you wouldn't be the first, but I'm one of those weird people that thinks going to college is more than just preparing for a job. I'm saying this in response to your guest who thinks his degree isn't worth anything.
And the truth of the matter is, your degree does mean something. The completion of a college liberal arts degree, while not necessarily giving a person a world of practical experience, tells employers a lot of who a person is in terms of character. In the long run, for a business, that means a lot.
Recruiters will tell you that where you went to school and how you performed are factors in deciding who to hire. The problem is that your classmates who could afford to do unpaid summer internships have a leg up on you, but like Julie says, you can translate all college experiences into practical assets, especially if you enjoy learning and make the most of your college experience.
Thanks for the in-depth and very informative article, Julie. There's great advice in there.
Thanks for the hot tip. I can't remember the last time I went to the movies... actually, it was last week, to go see Wall-E with our kids, which BTW I loved. Can't say I'll be seeing Dark Knight any time soon, though I'm hearing all the accolades of Ledger's standout performance.
As a consumer who is trying to be responsible, it's difficult when the temptation to spend your money is encouraged by the government. After all, what did our administration call for after 9/11? Go shopping! Rack up some debt and spend your tax refund at the mall, even if it requires taking out a second mortgage.
And women's mags are only the tip of the iceberg.
We have owned our house for a year now and I'm simply blown away at the number of avenues that a homeowner can spend their money. The amount of stuff out there is amazing. How many toilets (with names like Memoirs and Soiree) can a person look at?
In the consumer obsessed world that we live in, it's hard to avoid the message to consume during any waking moment. I feel it when I walk into a friend's home and see all the cool stuff they've bought for their house.
And if you watch TV, forget about it. When you consider the massive market for kids toys and stuff, which I assume is not perpetuated via women's magazines, then there is only one avenue by which their message is relayed, and that's TV. It would therefore seem that print media is only part of the problem, since beautiful men and women are the norm on the tube.
Nice insight on your piece, Andrea. I think it speaks to everyone, even those who claim to be immune to it all.
We own our house, but were renters for most of our lives, even after our children were born. I think there are times when renting is not a bad option, especially when you're young and single and have a world of opportunities ahead of you. Buying a house ties you down, so isn't it better to wait until you're really ready to settle down before you take the plunge?
True, money spent on rent is money gone, but the hidden costs of home ownership are huge, not to mention the time and responsibility. And it's not always so simple to just sell your house if you want to move, which is not uncommon when you're still trying to figure things out.
We love being home owners, and are grateful to have a yard and community (that we love) for your kids, but had we owned our home from the get go, we might not have had the flexibility to explore the world and figure out our lives before deciding where to settle down.
Great and informative article, BTW.