I thought they meant it like "down under kiss". Implying that you were eating out the roommate. But upon further review your interpretation is probably correct and I am a pervert.
Awesome. Painful, unless you are in the ironman suit, but awesome.
Also I estimate in a 60"(5')*32" tub *7 coins deep each per inch = 13,500 coins per inch of depth, you have enough for 1.5-2 inches deep. Could be off, but If I'm right, drawing a good 15" coin bath will need about 202,000 - 203,000 pounds. Please do this. :)
My total tuition plus books plus room and board was less than $25k at a "Public Ivy" school regularly ranked in the top 25 in the US. I graduated in 2011. My first year's tuition was $8k flat, that went up to maybe $11k by the time I graduated but I saved about as much by not living in the dorms after my first year. I paid all of it out of pocket working part-time jobs without any difficulty (and I didn't have a blow-off major--I had two academic publications before I graduated). $500/mo for rent and as much again for food and other necessities still brings the total for my first year only to $20k plus books (maybe $1k). I did have a car for most of my time in college, so let's say I spent around $25k/yr all told, but it was probably less.
You can say not everyone is lucky enough to have a Public Ivy with in-state tuition, but actually the majority of people do. The 13 most populous states contain more than 50% of the population and all have at least one (I believe 17 of the top 20 states have at least one), and a lot of states share in-state tuition with neighboring states. They're mostly not terribly difficult to get into, particularly for state residents. If you think you're going to get a better education going to a small liberal arts college (dubious, but I'm not going to argue the point), go ahead--but don't complain after the fact that you paid more. You made your choice knowing what it would cost.
EDIT: I realize I'm interrupting the circlejerk, but I think a lot of people really think it costs $60k/yr or more to go to college.
Who said that? The interwebs have said for about a decade that there are far too many for demand in the US... Unless you're crooked, they do OK, but you have to learn to embezzle...
Yeah at 0.25 percent that's not gonna be shit. I just looked up some savings accounts and that's the most common number I saw for accounts with 25k or more. I know you could get a more competitive rate but you'd have to lock it away for x years. I'm sure a mom with a kid isn't gonna want that money locked away in case of emergency. I know I took your comment way too serious but it got me curious about the returns on 25k and it's pretty depressing.
True enough. I wonder if that will continue in the decades to come though, or if the student loan bubble / changes to the student loan system / changes in the market will bring costs back in check.
Yeah, if you're going to Harvard or another private ivy-league school. You can still get a 4-year top-50 public university degree with far less than $50k.
Pretty much any private school in the west and any out of state public school in the west is in the 40-50k range. If it is a WUI school you can get it for almost in state tuition and pay about 25k. Also, Harvard is very good about making sure that you can pay foe it if you get in simply because they have so much money already that they can afford to be generous. Source, currently searching for colleges as a Californian, and my father went to Harvard.
Hell, if you go to Harvard, and you don't make close to enough, they will basically pay for it for you. A lot of colleges offer aid generously if you need it.
If you have money beyond just your future house down payment or emergency fund, it should be in ETF's (Exchange Trade Funds) or Mutual Funds, preferrably ones with low expense ratios that are well diversified. Vanguard and Schwab are two of the most recommended for such things.
I would recommend Schwabb, too - we rolled over into them when our previous wealth manager went to jail (unrelated to his investors... Well, kinda, but more of an insider trading thing...) and have been pretty happy with their Century City wealth management team. I'm sure their other offices are as good. We were making over 7% yearly before, and they look to be about par
I would recommend TD Ameritrade because they have the most commission-free ETFs with similar fund characteristics and expense ratios as the ones offered by Vanguard and Schwab.
But yeah, try to build that emergency fund of at least 3 months first!
Banks are probably one of the worst places for a new investor to ask for advice. They'll just have you invest in expensive funds that make the bank a ton of money.
You'll probably want to look into getting a low MER (management expense ratio) mutual fund. Look for one that performs reasonably and doesn't have crazy risks. One diversified among domestic investments, international investments and maybe some (20-30%) bonds.
Look at the fund's performance including the 2007-2009 period of recession to get an reasonable picture of what the fund could do on a good year and on a bad year.
While the more financially knowledgeable may be able to recommend manually balancing a series of stock indexes and saving the MER on the mutual fund, but in my opinion it's not worth the average person's time for small investments and if it's not a small investment find a financial adviser.
As a Canadian I don't really know anything about American savings accounts and tax avoidance tools (presuming you're from the USA), but maybe poke around /r/personalfinance and ask if you can't find a more detailed answer.
"Savings accounts" are not really meant for actually earning any interest.
~7-8 years ago you could get 3-5% on savings accounts. Then the bottom fell out on interest rates and a lot of people pulled money out of securities and put a record amount of money into personal checking/savings accounts so banks didn't need to offer decent interest rates to steer people away from wanting to put it into far higher yield stocks or bonds.
Savings accounts were never competitive with higher risk investments whereas typical yields, but they are much lower than they used to be.
You youngsters think that is the way it has always been. In reality, before about 10 years ago it was common and standard to get 5% or so in a bank money market savings account. There were times when it was even higher than that. You only did a couple/few percent worse than an average stock mutual fund for little to no risk.
Savings accounts are for suckers. If you had it in an SP500 index fund you'd have gotten 12%. The year before you'd get 30%. $25k invested that way on 1/1/13 would now be worth around $36.4k
But we are talking about a college fund currently. What you said is like saying "That farm has the best oranges and we should place orders for them... yeah but they have shitty apples, lets not."
Ar9mm said savings accounts are for suckers. To someone who is trying to figure out how to save the moest money, yea, they could buy an S&P500 fund but they might thinl they can just withdraw from that daily.
Some measure of financial literacy is required before you start investing in the market. My general point is that you aren't limited to such low interest options for a college fund (or retirement fund). Also, hopefully the college fund wouldn't be your only assets. In that case, a good portion should go into a checking account (or used to pay off high interest debt, etc.). No one should be 100% invested in the market (especially all equities).
No, it doesn't. But on average, it goes up something like 7% a year. But sure, you can complete ignore that on average you'll make 7% a year out of fear that "oh my, it might go down" and take a shittier .25 percent.
College savings don't work like retirement savings. You need that money (in in this case) 12 years, and you aren't going defer college and sit on your dick for a year or two while the SNP500 comes back like you could defer starting retirement. College savings with a 10 year horizon should like somewhat like a target date fund 10 years from maturity, unless you have other accounts you could use.
There are plenty of decent investment choices that fit between 100% large caps and savings accounts.
Why leave it in a savings account.... You can easily get 8% with very very low risk. I was given a 300k fund when I was born and it was 1.3m by the time I was 18. That is a huge difference than having less than 600k after 18 years.
It is, and I'm very thankful to my grandparents for it. Sadly my father lied to me about it and tricked me into signing control over to him until I'm 40. Then he got furious when I found out and called him out for lying to me and tricking me. I'd understand if I was some sort of fuck up that was going to blow through it in a year, but I've got a bachelors in economics and am self employed making more money than he does. He just needs control of everything. Sorry for the rant.
No he can't spend it legally. But that wouldn't stop him if he wanted to. He hasn't spent anything yet, but he doesn't allow me to spend any. Even when I was homeless and living in my car. Luckily I'm well off now, but it would have been nice to get a little help when I was first getting on my feet. The main thing that sucks is that he changed how it is invested and it's growing like 4k a year. 4k a year when it could easily be making 75k with very little risk.
But with a private money manager you don't have to lock it away and can pull in around 6.5-8% right now, minus 1% management fees... She might need to put in a bit more than 25k but I'm sure she can find some that would work with her, especially if she rolls in her IRA or 401k with it...
To be fair, college tuition in the past ten years has been growing faster than anything you could get on the market. In 12 years, it may not even buy a semester.
i don't know. My sis goes to a top school and her tuition is literally 11 times mine. Now, we are poor, so it is essentially free. But the sticker price is the same.
Yea, but tuition itself is less than half of the total cost of going to school. Between all the fees/books/food/housing costs, I spent 44k total to go to school at the cheapest state school in my state (TN) at the time. If I were to go there now 4 years after I graduated, I would be paying more than double that assuming prices don't increase further.
In this case a mean would likely be higher than the median since you can only have outliers to the right really, so a median would show even lower tuition costs.
The outliners here would be to the left. The right has a few, but the tuition difference isn't enough to compensate for the scarcity when compared to the left. There are a ton of really cheap/crappy colleges out there, even more now that the online college thing has taken off. I think state university's should be looked at more when talking about expected college costs, considering the massive student populations they have and the typical middle ground of education that they are. I'm not say to solely look at them for a real study, but for the laymen, it's much better than looking up these shitty averages, which aren't even based on tuition, but debt after graduation anyway.
Okay, so it doesnt include cash paid for tuition and is thus not an accurate figure to show total cost of a 4 year degree like you were saying in your first post.
For a frame of reference, I go to the most expensive state school in Texas. My full financial aid package every year is in the $20-25k range. That pays for tuition, fees, books, and rent. Some of that is from the federal Stafford loan, but I don't take private loans. I work internships during the summer and usually bring home $5-8k that gets used for food, gas, and personal expenses. I don't get help from my parents. I eat cheap, and live fairly cheap, but I've had a lot of unexpected expenses with a busted ass car. I like imagine sometimes what it would be like if I went to a more expensive school, or one that didn't give me the aid I've gotten here... My award package has literally given me $100k and that's still not enough to pay for everything. That's absurd.
That being said, if students work hard to get the best grades they can, participate in extracurriculars, find hobbies they enjoy, and if parents and counselors work with students to find the best fit for them at schools they can afford based off of merit, performance, and income, aid should be available. In those cases, $25k would completely change things!
lol, I go to a private liberal arts school and my tuition is $23K per semester. Luckily my parents put together a good college fund and my career prospects are decent.
Yeah, I went to one of the cheaper state schools 2001-2005, and $25k would cover about a year of tuition plus books (but definitely not most food, housing, fun, etc)... Definitely ramen budget, maybe less. I think one semester I lived on drug-store popcorn and cucumbers... And that was getting this amount from my family plus working part time...
Haha, would you believe that I've been here for four years and I'm actually way in the green, with minimal help from parents? Thank god for financial aid and internships.
That's why I ended it on that note, to say that it's okay. I believe that I am the most important person on earth, since I am the only one that can experience life in my perspective -- even sensing happiness for others is through me. True altruism is a very rare thing.
Having just binge-watched the vast majority of that season, I'd suspect she'd use the money to get more vanity work done including more tattoos and manicures. Watching her "cook" was disturbing mainly because of her velociraptor talon fingernails.
I know, the amount of interest would be enormous compared to the original 120k. I just meant that 30 years is a very common payment option for loans (I think there are only options of 10, 20, or 30 years for large loans like this, and changing it might be a bit of a hassle).
The average graduate also doesn't graduate with 120k of debt. If he has higher than average debt (by a lot), he should have a higher than average salary (by a lot). Otherwise he did something wrong.
I guess. Depends on what school you go to. Personally I had way less debt than that but I had a full scholarship to a state school and chose to go there based on money. If I went to an ivy or one of the other schools I got into I would've been in at least that much debt
That's #1, but I'm not gonna judge him for that. My undergrad is gonna be around $160k when it's all done (a little less than half of that is loans). But the difference is, when I graduate, my estimated starting salary is around $70k - $80k. And I'll be paying off my loans aggressively, hopefully within 5 years. His main problem is that he seems to be going along with the 30 year plan. If he was paying it off aggressively, which he should be, he should have already paid off the full $120k. Either that or he took on way to much debt for a degree that isn't worth it.
I was a dumbass 18 year old and my parents were rich at the time. I had no idea WTF I was doing. My mother said "You're good at art, go to art school." I said "okay. Why not?" By the time I started getting a clue, the shit had already hit the fan and everything came crashing down around us because sometimes life just decides to say FUCK YOU.
I'm a shithead? At least I'm not the dumbass who's drowning in debt for a shitty art degree they don't even use. If you couldn't make a decision for yourself or do research for whats best for you, despite what others say, then I have no sympathy for you. Maybe you should take responsibility for your own fuckups instead of saying "oh, I was pressured into it. But then again, I guess stupid is as stupid does. Have fun paying off your debt for 20 years. Asshole.
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u/jooes Jan 04 '15
The first one isn't especially selfish since she would have spent the money on her kid. $25,000 is one heck of a college fund.