Comment Re:most useful? (Score 1) 77
Was always a handy tool...I just haven't had reason to use it since about the last time it was updated.
Was always a handy tool...I just haven't had reason to use it since about the last time it was updated.
A single 25 year old earning 150k is probably feeling pretty good, even living somewhere like NYC.
But a household with two earners in their 40s and kids that makes 150k definitely counts as middle class. Certainly not on the low side of middle class (and in cheap areas, definitely doing pretty well), but its not like they are going to be overflowing with disposable income. Life isn't bad--which it shouldn't be for the middle class--but you aren't going to be retiring early and spending lots of time at that vacation home in the south of France.
I know that there are some pretty lackluster econ programs out there (I have heard of some that will grant a degree in econ without requiring even single variable calculus), but I went to a school with a fairly rigorous econ program. I'm not going to say it was the most rigorous program in the school, but there were plenty of people who thought they would rather get better grades in an "easier" major than tough it out in econ once multivariable calculus and econometrics rolled around.
I'd still say that, in terms of general employability (without further education), a B econ grad is also better than an A english grad. Anyone looking to study english or history or similar, should honestly think about their choices. I don't think people shouldn't study them--but they need to seek some wisdom about their elective choices. Even if you are studying english, you should know some calculus, take some basic statistics, microeconomics and CS (intro-to-programming type stuff). You don't need an econ degree to go into the business world--and 95% of econ majors never use the upper-level coursework again--but having some evidence of qualitative skills on your resume is extremely important.
If you absolutely can't get any financial aid (i.e. wealthy parents who won't pay for you but whose income prevents you from aid eligibility), then you are simply an idiot for not getting a job shelving books in the library and pursuing paying positions in the summers.
Term time employment is not hard to find (and in my experience, campus jobs tend to pay on the high side), and you can find something that is only 10-20 hours a week and won't interfere much with your studies. Also, half of the student jobs out there are the kind where you can study in your down time (the kids who check out books at the library or ring you up at the student coffee shop can spend half of their time doing their course reading). At $12 an hour (pretty common for student jobs, even without work-study), this can net you 6-7k each year. And of course you could always work more if you really needed to (and reduce living expenses below the "average" which includes the kids living off mom and dad).
Then, you should absolutely be working during the off periods. Not too hard to nab a retail job during winter break leading up to christmas (although not a ton of earnings from that either). But you should be working full time all summer, every summer. Even if you don't need the money, you should do this since it always seems like the kids who don't are the ones who have the hardest time finding jobs after graduation (no experience). Even if you can't beat the $12 an hour you had before, this should get you another 6k for the year. And after the first year of school, you get access to better programs, and internships from higher paying employers. Lots of places pay interns the same as 1st year employees...even in the middle of the crisis in the summer of 2008, lots of kids were getting an easy 15-18 an hour plus overtime. With a bit of work, its not that hard to clear 10k in a summer. Yeah--you don't get to go take that unpaid internship that the rich kids can afford, but it's ok--they are just being exploited anyways. You'll come out with experience, money, and maybe even a post-graduation job offer.
That pretty much covers all of your living expenses (and then some...considering you should probably be living a little sparser than the average student). Honestly, you could even still drop a grand in extra loan money on a cool spring break every year and it wouldn't really matter. You are still going to clock in at only mid 5-figure debt.
The people complaining in the media about 150k debt for 4 years of school are either lying, actually had post-graduate education, or made extremely poor and lazy decisions (and I count going to a $$$ private university as a poor decision if you have zero financial aid). Its not even easy to get 150k in loans. You can't get that much from federal loans...and private lenders aren't so favorable to slacker kids who can't even bother to earn a single dollar all 4 years.
Thing is...if you fly often for work, you will reach status within a year and be getting upgraded on every flight. The monday-thursday consultants and other heavy business travelers are getting their upgrades for free...the fees are usually being billed to the client, and clients don't like to pay for first-class.
What about incorporating in order to move that tax burden off of your books and onto that of your business? Should help your subsidy eligibility. I'm not an accountant (and can't speak to the intricacies of an LLC vs an S-Corp), but I know that a lot of self employed people who recently made the jump from sole proprietorship to incorporation and they all wish they had done it years ago.
They probably had a pretty good idea of how many people would be required to sign up, how many of those people would opt out, and how many people would switch over from something else. Using these numbers, they probably picked 7m people as a conservative estimate of how many people would sign up...and thus it was easy to hit it.
Making a big deal of this is as if it were front-page news that the number of people completing their tax returns skyrocketed between March 15th and April 15th...of course they do. Nobody calls it into question because everybody knows that you put stuff like that (especially if you owe money) as long as possible. The problem here might be that the people at places like Fox News have been on corporate payroll for so long (with health benefits), that they have no idea what is going through the minds of someone who has to actually signup on their own.
Backup systems are meant to never have to be accessed. Until you need them, in which case you want quick and easy access, and if you really care, you want more than just your pictures backed up so that you can get up and running quick (i.e. dropbox might be ok for some home user who only uses the computer for personal use and would otherwise have zero backups. It's not ok for someone who uses that computer for a living and needs to be able to get up and running again quickly in order to start making money again).
It can be very expensive and take time to get those hours...but a crazy person who wins the lottery (or an insurance settlement) wouldn't have much trouble making it into the air.
Do you even read slashdot, or do you just come here to post your awful shit?
Tying benefits to employment is stupid (especially with how often people are changing jobs these days). If everybody bought health insurance on their own (or had it provided by the government), then walmart wouldn't see a cost savings by hiring 2 people to work 20-30 hours instead of one to work 40-60, in fact they would probably see a savings since training costs would be reduced, turnover might be reduced (people will stop ditching the PT job as soon as they find something FT), and you might end up with a more effective employee.
IIRC, this essentially came as an unintended consequence of some government wage controls during/following the war. Companies couldn't raise wages to attract talent, so they started offering non-wage benefits. Now it is standard for it to come from your employer, while people buying their own insurance get screwed by high prices. Hard to break free of that system though...everybody expects the benefit, and it costs the company less to provide the benefit than they would have to pay you extra to afford your own insurance. So skilled/in demand workers keep getting their benefits, while the easily replaceable laborers get 30 hour work weeks.
I'd much rather have a bunch of people out there building a life sized Ark (and maybe even employing some skilled tradesmen) than for that same money being spent winning local elections for candidates that want to take evolution out of textbooks.
Netflix wins hands down there...my HTPC is significantly more powerful than my parents roku...but their amazon streaming looks way better.
He has not acquired a fortune; the fortune has acquired him. -- Bion