controversial opinion: money & finances edition

[Anonymous]

Anonymous wrote:University of Maryland is good enough for everyone.

Wasnt good enough for Jordan McNair

[Anonymous]

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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.

That is not at all what s/he said. There were no representations at all about the value of their degrees. Presumably, their top 10 degrees put them in a position to be able to afford full private tuition. But the costs of college now - not when they got their degrees, but now - "just isn't worth it" - so they will not pay for their kids to go to a top 10 school. They'll just pay in-state public rates. Wouldn't want to make early retirement "less plausible."

Before you shoot out "can you read" you really should make sure you have your own comprehension nailed down.

[Anonymous]

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Anonymous wrote:Wow, liking our current insurance system! You are definitely one of maybe ten people in the whole country!

Oh I can do this one.

The way Americans do healthcare is better for the sickest people who want to proceed with expensive treatments to fight for their lives and so, to my mind, the best way.

Can you explain further? Genuinely curious.

American healthcare is so expensive because we spend so much money on people who are likely to die anyway. The UK’s NHS just won’t pay if the expense is high and the expected extra years of life are low.

Yes but Americans would not have it any other way when it is them or a family member that is sick. This is the true reason that healthcare costs in America will never be reigned in.

No, I would prefer another way when a person's quality if life and prognosis is poor. If my husband were seriously ill now at age 45, I would want expensive treatment. My father is in poor health, has dementia, is practically bed ridden. I don't think any money should be spent on him except keeping him out of pain and keeping him completely fortable. I argue with my brother about it because he wants to keep dragging my das to doctors. There is no cure for him, and he never ever would have wanted to live this way. He was such a proud and meticulous man.

[Anonymous]

As a person who has lived overseas, Americans have a very strange idea of how free healthcare works.

20-30% of the national budget goes towards it and increases every year. Most countries want to get rid of it.

[Anonymous]

Anonymous wrote:As a person who has lived overseas, Americans have a very strange idea of how free healthcare works.

20-30% of the national budget goes towards it and increases every year. Most countries want to get rid of it.

It's 21% of our budget. At least in other countries everyone is covered.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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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.

That is not at all what s/he said. There were no representations at all about the value of their degrees. Presumably, their top 10 degrees put them in a position to be able to afford full private tuition. But the costs of college now - not when they got their degrees, but now - "just isn't worth it" - so they will not pay for their kids to go to a top 10 school. They'll just pay in-state public rates. Wouldn't want to make early retirement "less plausible."

Before you shoot out "can you read" you really should make sure you have your own comprehension nailed down.

Aaaaaand...you still can’t read.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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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.

That is not at all what s/he said. There were no representations at all about the value of their degrees. Presumably, their top 10 degrees put them in a position to be able to afford full private tuition. But the costs of college now - not when they got their degrees, but now - "just isn't worth it" - so they will not pay for their kids to go to a top 10 school. They'll just pay in-state public rates. Wouldn't want to make early retirement "less plausible."

Before you shoot out "can you read" you really should make sure you have your own comprehension nailed down.

Aaaaaand...you still can’t read.

Please quote what I got wrong. Repeating yourself with the "a" key held down does not make a very convincing argument.

[Anonymous]

Anonymous wrote:
Still have original brakes? Tires alone are $1000 and need to be replaced every four years if not sooner, unless you drive on bald tires. Never had a car that didn’t require $1000 or more a year in upkeep starting in year 4. Even routine maintenance becomes mine expensive as things like batteries and brake pads need to be replaced.

AAA says the average car costs $700 per month with maintenance. Do the math.

[Anonymous]

I think bit coin is a scam.

[Anonymous]

I think people who live in a great school district and pay thousands to put their kids in private school are pretentious idiots.

[Anonymous]

Anonymous wrote: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).

how controversial

[Anonymous]

Anonymous wrote:

Anonymous wrote:As a person who has lived overseas, Americans have a very strange idea of how free healthcare works.

20-30% of the national budget goes towards it and increases every year. Most countries want to get rid of it.

It's 21% of our budget. At least in other countries everyone is covered.

So we're doing better than most of the world. A high tax economy would look very different

[Anonymous]

Anonymous wrote:I think bit coin is a scam.

People who invest in things they don't understand will and deserve to get their asses burnt

[Anonymous]

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Anonymous wrote:Anyone who makes $200k plus and is "scraping by" has poor judgment.

So is having two kids poor judgment? Because the average daycare in this area is $2,100. Per child. You can probably find a cheap nanny for $3k per month. Let’s say your mortgage is at least $3k. You also need to save at least $500 per month per kid in a 529. This means you have $7k of fixed expenses and you probably bring home around $10k per month.

That being said, I waited until I was older to have kids and we make way more than 200k. But I absolutely understand why once you have kids in this area it’s hard to get by on 200k and have anything leftover unless you want to live with your family in a one bedroom apartment, not save for college etc. Having one parent quit working only helps in the short term and will screw you in retirement.

This is literally absurd. You have just desceived a prosperous UMC life with home ownership, kids, and substantial savings. Listen to yourself.

Well there’s almost no wiggle room in the budget for this prosperous UMC family. Almost all of their income is going towards college costs, childcare and their mortgage. I wouldn’t call that prosperous.

Look at it this way: you could be the "cheap nanny" instead.

[Anonymous]

Anonymous wrote:

Anonymous wrote:As a person who has lived overseas, Americans have a very strange idea of how free healthcare works.

20-30% of the national budget goes towards it and increases every year. Most countries want to get rid of it.

It's 21% of our budget. At least in other countries everyone is covered.

In other countries most people behave like responsible adults.