controversial opinion: money & finances edition

[Anonymous]

We paid off our house ~ 5 years ago and have a large cash stash (~1.5M).

Feel really secure and don't need to worry about the stock market. (We also have 2M invested).

[Anonymous]

I don't understand people on this board who think "new money" is an effective put down.

I love having money and I love spending it on fun stuff. We bought 2 luxury cars, we spend 50k on vacations every year, we go out to eat and to the theater, concerts, all the time, I have a bunch of high end designer shoes and purses, etc. etc. Does that make me "new money"? You betcha. And it's soooo fun not to have to live like a hoarder or a miser because I know more is coming in every year!

[Anonymous]

Anonymous wrote:If you constantly travel for work & chase a bigger paycheck at the expense of losing time with your kids, I don't respect you.

so you don't "respect" any CEOs or upper management of Fortune 500 companies, like Google, Amazon, Facebook, etc?

[Anonymous]

Anonymous wrote:I don't understand people on this board who think "new money" is an effective put down.

I love having money and I love spending it on fun stuff. We bought 2 luxury cars, we spend 50k on vacations every year, we go out to eat and to the theater, concerts, all the time, I have a bunch of high end designer shoes and purses, etc. etc. Does that make me "new money"? You betcha. And it's soooo fun not to have to live like a hoarder or a miser because I know more is coming in every year!

+ 1

It's stupid. Money is money. The only thing that matter about it is its function.

[Anonymous]

The real reason college is so expensive is because people keep paying whatever colleges ask them to pay

[Anonymous]

Anonymous wrote:The real reason college is so expensive is because people keep paying whatever colleges ask them to pay

Is this controversial? The laws of supply and demand have not been suspended.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The real reason college is so expensive is because people keep paying whatever colleges ask them to pay

Is this controversial? The laws of supply and demand have not been suspended.

Judging from all the "OMGGGG COLLEGE IS SOOO EXPENSIVE" posts I think it is. And then they end up saving $300,000 per kid. What do they think was going to happen?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The real reason college is so expensive is because people keep paying whatever colleges ask them to pay

Is this controversial? The laws of supply and demand have not been suspended.

Judging from all the "OMGGGG COLLEGE IS SOOO EXPENSIVE" posts I think it is. And then they end up saving $300,000 per kid. What do they think was going to happen?

the issue is, no one is going to sacrifice the well being of their own kid for the "greater good"

[Anonymous]

Anonymous wrote:The real reason college is so expensive is because people keep paying whatever colleges ask them to pay

....and the alternative is? what, go into the bursar's office and negotiate as if you're in the middle of a Moroccan market? The price is $50K. I'll give you $30K....$40K....

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The real reason college is so expensive is because people keep paying whatever colleges ask them to pay

Is this controversial? The laws of supply and demand have not been suspended.

Judging from all the "OMGGGG COLLEGE IS SOOO EXPENSIVE" posts I think it is. And then they end up saving $300,000 per kid. What do they think was going to happen?

the issue is, no one is going to sacrifice the well being of their own kid for the "greater good"

Right. I agree, previous PP, that people should refuse to pay such rates for college. You first.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The real reason college is so expensive is because people keep paying whatever colleges ask them to pay

Is this controversial? The laws of supply and demand have not been suspended.

Judging from all the "OMGGGG COLLEGE IS SOOO EXPENSIVE" posts I think it is. And then they end up saving $300,000 per kid. What do they think was going to happen?

the issue is, no one is going to sacrifice the well being of their own kid for the "greater good"

Right. I agree, previous PP, that people should refuse to pay such rates for college. You first.

NP. Well, you might say that we're doing this. We're not willing to pay more than in-state public rates for any school. And we can afford full private tuition, although it would mean that early retirement is less plausible. We certainly wouldn't qualify for aid.

But it's just not worth it, in our opinion. And we have degrees from top 10 schools.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The real reason college is so expensive is because people keep paying whatever colleges ask them to pay

....and the alternative is? what, go into the bursar's office and negotiate as if you're in the middle of a Moroccan market? The price is $50K. I'll give you $30K....$40K....

Isn't it obvious




Don't go to college or shut up and pay

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The real reason college is so expensive is because people keep paying whatever colleges ask them to pay

Is this controversial? The laws of supply and demand have not been suspended.

Judging from all the "OMGGGG COLLEGE IS SOOO EXPENSIVE" posts I think it is. And then they end up saving $300,000 per kid. What do they think was going to happen?

the issue is, no one is going to sacrifice the well being of their own kid for the "greater good"

Right. I agree, previous PP, that people should refuse to pay such rates for college. You first.

NP. Well, you might say that we're doing this. We're not willing to pay more than in-state public rates for any school. And we can afford full private tuition, although it would mean that early retirement is less plausible. We certainly wouldn't qualify for aid.

But it's just not worth it, in our opinion. And we have degrees from top 10 schools.

So you both went to top 10 schools, but are unwilling to pay for your kids to do the same, because it might impact your ability to retire early.

Lovely.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The real reason college is so expensive is because people keep paying whatever colleges ask them to pay

Is this controversial? The laws of supply and demand have not been suspended.

Judging from all the "OMGGGG COLLEGE IS SOOO EXPENSIVE" posts I think it is. And then they end up saving $300,000 per kid. What do they think was going to happen?

the issue is, no one is going to sacrifice the well being of their own kid for the "greater good"

Right. I agree, previous PP, that people should refuse to pay such rates for college. You first.

NP. Well, you might say that we're doing this. We're not willing to pay more than in-state public rates for any school. And we can afford full private tuition, although it would mean that early retirement is less plausible. We certainly wouldn't qualify for aid.

But it's just not worth it, in our opinion. And we have degrees from top 10 schools.

So you both went to top 10 schools, but are unwilling to pay for your kids to do the same, because it might impact your ability to retire early.

Lovely.

Can you read? They don't think the degrees they paid for at a top 10 school are worth it. The retirement thing is just a side note.

[Anonymous]

University of Maryland is good enough for everyone.