Probably buy a property or two in NJ (gone up some, but foreclosures are still there) and use it to pay for expenses whilst in grad school. Real world is overrated. PhD with minimal school debt sounds like fun.
Worst case, I’ll end up with a roof over my head and a teaching job. There are worse ways to live — never really liked the corporate/business world, found it boring.
Why not borrow to a reasonable LTV and buy a few other properties that pay dividends? If the market crashes, you’ll still have rental income even if you’re underwater.
[quote=spdrun]Probably buy a property or two in NJ (gone up some, but foreclosures are still there) and use it to pay for expenses whilst in grad school. Real world is overrated. PhD with minimal school debt sounds like fun.
Worst case, I’ll end up with a roof over my head and a teaching job. There are worse ways to live — never really liked the corporate/business world, found it boring.[/quote]
Hope you find a good tenure track position in NYC. Don’t end up in some podunk town.
My friend who is a psychologist only found adjunct positons despite getting PhD from NYU. I guess it depends on the field.
Or Boston, or the West Coast, or Europe. If I have rental income, adjunct for life would honestly be fine with me. I’d be giving back to humanity and teaching is more fun than fixing other people’s bovine detritis in I.T.
[quote=spdrun]Or Boston, or the West Coast, or Europe. If I have rental income, adjunct for life would honestly be fine with me. I’d be giving back to humanity and teaching is more fun than fixing other people’s bovine detritis in I.T.[/quote]
You should teach in China for a couple years. Watch all the changes happen before your eyes.
[quote=spdrun]Probably buy a property or two in NJ (gone up some, but foreclosures are still there) and use it to pay for expenses whilst in grad school. Real world is overrated. PhD with minimal school debt sounds like fun.
Worst case, I’ll end up with a roof over my head and a teaching job. There are worse ways to live — never really liked the corporate/business world, found it boring.[/quote]
Oh my gosh. There’s enough cynicism in academia. Instructors are supposed to be positive and excited about their subjects – unless you have a very Dr Jekyll/Mr Hyde personality, do the kids at Farleigh Dickinson a favor and rethink this. Here’s an idea: how about doing something about which you can actually say something positive? Plus, the words that you’ve used on the board suggest your social media footprint might get in the way …..
Put it this way: teaching and research make me a hell of a lot happier and more excited than being an I.T. consultant and spending my life spinning my wheels, fixing Microsoft’s mistakes.
My dream life would literally be having enough rental income to pay for basic expenses and being able to work part time doing research/teaching as an adjunct for additional income and fun.
All of the good aspects of being an adjunct (flexibility, academic environment) without the bad (money difficulties).
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