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You guys win.

Here is actually the best way to do it. Take out government loans for the education costs. No payments and the government pays the interest for 5 years. Post graduation, you pay it all off with the pot of gold at the end of the rainbow….

Compound interest on 18 years of $20 per week for college….I‘m not even including the tax discount.

I’m getting “cute“ by using tangible evidence? C’mon dude. You missed (or got cute?) by ignoring the company match on the 401k. You don’t get the match if you don’t invest. With that match, you get to $4.4 million dollars using a compound interest calculator using the exact history of the...

One other massive piece of advice for those planning for their financial futures. Never, and I mean NEVER, put more in your 401k than the amount you need to get the employer match. If you want to invest additional funds post tax, get yourself in a tax managed brokerage account. For reference...

So, the math checks out, but the conclusion does not. So, 200% is 3x, which is exactly the additional amount deducted from our employees checks for PPO health insurance. $40 per pay period 25 years ago. $120 deducted from our employees’ checks today. However, the additional $80 is easily...

100%. Values surrounding consumerism and debt have gone completely in the toilet.

$100 in 1980 purchasing power is the equivalent of about $400 today. So, a $3 hourly wage in 1980, would need to be $12 hourly today to have the same purchasing power. $17 > $12. :sneaky:

I think we are talking around one another. A person who made minimum wage in 1980 could not afford any of those things at $2 an hour either. Nothing has changed that much. 1980 had interest rates around 15% as well. Minimum wage in IL isn’t $2 an hour anymore, it’s $17 an hour. Work a...

It’s in the investor’s favor. That’s the point. The massive asset inflation across all asset classes is unprecedented. You either prepare for it, or you don’t. That’s why @Zurp is so loaded!

Disagree. The math is in everyone’s favor. Stupid and lazy…probably not. Priorities of alcohol, tattoos, weed, and consumer debt…more than likely.

Don’t ruin a good joke. :sneaky:

88% Hispanic. All notable alumni are non-Hispanic. In your face DEI. :lol:

Well, nothing is for everyone. But the concept of trading or selling your accomplishments for money, as opposed to trading or selling your time for money is for all I'm really advocating. The concept applies very broadly to many professions. Trading your accomplishments for money is...

So sorry for your loss. Praying for the Farraday family. And yes, this is a big reason why I never traded my time for money. I have always prioritized my time for life’s rewards.