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scaredyclassic.
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March 27, 2015 at 9:13 PM #784245March 27, 2015 at 10:15 PM #784246
Always studying
Participant[quote=AN]There are more multi-millionaire business owners than MD/PhD/JD. I rather my kids married someone who they love, who love them back, and they both love their kids. That’s far more important than net worth much less degree. I could careless if their spouse is a doctor or a hairdresser, as long as they truly love each other and put the other person ahead all else. I also would much rather they marry a multi-millionaire salon owner than a MD who is deep in dept. I also could careless about IQ. Street smart > book smart any day for me. Obviously, having both would be ideal. [/quote]
I haven’t posted in years. However, AN if there was a like button on Piggington I’m sure you would have hundreds of likes for this post.
March 27, 2015 at 10:18 PM #784247scaredyclassic
ParticipantDo you think at Princeton the classes or books are really so different from a state school? It’s all similar. We are talking about vanishing small differences in SAT scores, gpa.is this really what matters in selecting a spouse?
Please. That’s just not a good plan.
Get the high energy hot girl who knows how to make money, who loves you like crazy, who is frisky and symmetrical.
better bet.
March 27, 2015 at 10:45 PM #784249an
ParticipantMy wife rarely put on make up, only for very special occasions and that’s one of the many reason I love about her. I probably wouldn’t have married her if she look fake all the time. I personally don’t like all the fake beauty with make up. I rather have real beauty without make up.
March 27, 2015 at 11:05 PM #784250ParticipantMake up I guess is good for corpses.
March 28, 2015 at 2:13 AM #784252flyer
ParticipantThe best thing about this thread is that it clearly illustrates how everyone thinks differently about life, and what one prefers, another doesn’t.
Thankfully, we can all make the choices we feel are best, and, as long the choices we make are working out in our lives–imo–that’s what really matters.
It’s always interesting to hear what others think, but, in the end, as has been said, most of us will, most likely–do exactly what we prefer to do–regardless of what anyone else thinks or does.
March 28, 2015 at 5:36 AM #784253ParticipantBut…perceptions change.
As more and more kids get no ROI On their quarter million dollar degrees and others are financially ruined by student loans word gets out the more and fancier education often doesn’t help…it actually hurts.
So people will adjust their perceptions as the debt smacks them down. It just will take a whole as so many think it’s a no brained that college is good
March 28, 2015 at 9:01 AM #784260FlyerInHi
GuestSame goes for a fancy house. But people still want it.
March 28, 2015 at 9:52 AM #784262Participant[quote=FlyerInHi]Same goes for a fancy house. But people still want it.[/quote]
Exactly, look what happen in 2008. Those who leveraged to their eye balls on those fancy houses got killed. Which is one reason why millenials aren’t buying en mass right now.March 28, 2015 at 9:55 AM #784261joec
Participant[quote=AN]joec, I never said it was easy. I just say it’s more likely to be making millions as a business owners than a W2-er. All the multi-millionaires I know are business owners. I know some well off W2-er but they’re not multi-millionaires. Of course, it requires a lot of hard work and a lot of luck and a lot of capital. But the ceiling is definitely much higher as a biz owner than a W2-er. I’m not even talking about billionaires like Bill Gates/Steve Jobs/etc. I’m talking about the people who own a bunch of T-Mobile/Sprint/etc. franchises, the people who own a small/medium size electronic manufacturing company, the people who own a successful restaurant and expand to 2-3 locations, etc.
Your assessment about when guy don’t care is pretty spot on. I was married with kids by 30.
I also agree that there are some degrees where ROI of Ivy is actually not bad. But I think the % of those degrees are minimal. So, if your kids are dead set on those fields and have the chop to succeed in it, then by all mean, go to Ivy. But for most, I would say, ROI is not there and only go for the prestige.
As for your tech comment, tell me, who would be more likely to be hired? A SDSU student who have a couple of apps/games that’s in the top 10 in the app store while graduating with Magna Cum Laude or a MIT graduate with a 2.5 GPA and have no work experience?[/quote]
I agree with most of your comments except for the last paragraph. Like most things in life, high risk in business will yield high rewards as well if it works out.
As I mentioned, I know some failed biz people who went back to 9-5 jobs so sure, you can be a multi-millionaire and it’s one of the only ways since you can make 0 profits and put EVERYTHING back into your company so you can expand without taxes, but like I said, it’s exceedingly hard to do as you appear to understand. Similar to being a pro athlete or entertainer, sure, you can be a multi-millionaire that way too, but it’s not very likely. My feeling is that business is not as easy as you make it out to be.
I have more belief that the MIT grad (or ivy drop out) will be the one with 10 apps while in school vs. the SDSU guy. Is there any weak college grads or even any near comparable numbers than the Stanfords/Ivys?
The reason there isn’t is because the Ivy’s (if you get in) already weeds out and finds the best folks who WILL be the guy starting companies already.
Just in the news, more fuel for the fire:
http://www.forbes.com/sites/antoinegara/2015/03/26/new-google-cfo-ruth-porat-will-get-a-massive-raise-for-leaving-morgan-stanley/New CFO of Google:
http://en.wikipedia.org/wiki/Ruth_PoratRuth went to Stanford, Wharton MBA, London School of Econ…All private, dad worked at Harvard.
CFO of Twitter:
http://en.wikipedia.org/wiki/Anthony_Noto
West Point (if you can get in, free education and great school)…MBA Wharton.Mention of Mark Meeker:
http://en.wikipedia.org/wiki/Mary_MeekerDepaul (Private), Cornell MBA
Maybe when you hit a glass ceiling, you start to see the big differences in options after you hit either a female glass ceiling or the asian glass ceiling. (where I felt I ended up and where a lot of my comments and experience stems from).
March 28, 2015 at 10:27 AM #784264GuestYes, I understand that there’s definitely is pushback against the escalating cost of education.
Young folks are not buying houses and there’s not wanting to take on large loans to fund education.
But, if you have the means to pay for education or you have the means to help your kids buy a house, then why not?
If you live in a million dollar house (or own several investment properties) then you can afford to pay for Ivy league. It might financially hurt but you have to make sacrifices for your kids.
March 28, 2015 at 10:29 AM #784263Participant[quote=joec]I agree with most of your comments except for the last paragraph. Like most things in life, high risk in business will yield high rewards as well if it works out.
As I mentioned, I know some failed biz people who went back to 9-5 jobs so sure, you can be a multi-millionaire and it’s one of the only ways since you can make 0 profits and put EVERYTHING back into your company so you can expand without taxes, but like I said, it’s exceedingly hard to do as you appear to understand. Similar to being a pro athlete or entertainer, sure, you can be a multi-millionaire that way too, but it’s not very likely. My feeling is that business is not as easy as you make it out to be.
I have more belief that the MIT grad (or ivy drop out) will be the one with 10 apps while in school vs. the SDSU guy. Is there any weak college grads or even any near comparable numbers than the Stanfords/Ivys?
The reason there isn’t is because the Ivy’s (if you get in) already weeds out and finds the best folks who WILL be the guy starting companies already.
Just in the news, more fuel for the fire:
http://www.forbes.com/sites/antoinegara/2015/03/26/new-google-cfo-ruth-porat-will-get-a-massive-raise-for-leaving-morgan-stanley/New CFO of Google:
http://en.wikipedia.org/wiki/Ruth_PoratRuth went to Stanford, Wharton MBA, London School of Econ…All private, dad worked at Harvard.
CFO of Twitter:
http://en.wikipedia.org/wiki/Anthony_Noto
West Point (if you can get in, free education and great school)…MBA Wharton.Mention of Mark Meeker:
http://en.wikipedia.org/wiki/Mary_MeekerDepaul (Private), Cornell MBA
Maybe when you hit a glass ceiling, you start to see the big differences in options after you hit either a female glass ceiling or the asian glass ceiling. (where I felt I ended up and where a lot of my comments and experience stems from).[/quote]
joec, you like to point out all the ways you can fail as a business owners, but then point to only the success like Ruth Porat. What about the majority of Ivy graduates who end up not being as successful as Ruth Porat or Mark Meeker? Not everybody can be Ruth Porat. I’ve said it before and I’ll say it again, there are a lot more millionaire business owners than millionaire W2-er. When you get to the billions, that club is almost exclusively business owners. If you disagree, do you think it’s easy to become the Ruth Porat of the world? What’s the probability of you becoming Ruth Porat of the world vs a successful small biz owner?Again, I NEVER said it was easy to be a millionaire, be it business owners or W2-er. If it is easy, then everyone would be a millionaire. But it is easiER to be a millionaire as a business owner than a W2-er. See the difference there? So, don’t draw up straw man and beat it down. I NEVER said it was easy. It requires a lot of hard work, luck and capital.
As for the glass ceiling, that ceiling is there ONLY if you’re a W2-er. As a business owner, the glass ceiling is YOU. Both you and I are forming our arguments based on what we’ve experienced. But I’ve also looked around me at the many successful multi-millionaires. None of them went to Stanford or Ivy. They all went to SDSU/UCSD/no college at all. While the people I know that went to Standford or Ivy are doing no better than their counter part who went to state schools. The doctors that I know are knee deep in debt while those of us who are not highly educated are doing quite well financially at the same age. You’re smart enough to know about the power of compound interest. The hardest million to get is your first one.
March 28, 2015 at 10:35 AM #784265Participant[quote=FlyerInHi]Yes, I understand that there’s definitely is pushback against the escalating cost of education.
Young folks are not buying houses and there’s not wanting to take on large loans to fund education.
But, if you have the means to pay for education or you have the means to help your kids buy a house, then why not?
If you live in a million dollar house (or own several investment properties) then you can afford to pay for Ivy league. It might financially hurt but you have to make sacrifices for your kids.[/quote]Again, unless you’re a multi-millionaire, those of us who are lower on the financial totem poll have to weigh the various ROI. Would you be will to sacrifice your retirement for your kid’s Ivy education? Would you be willing to drastically down size your living standard to pay for your kid’s education? Would you be will to give up the possibility of helping your kids’ buy their first house or give them capital to start their first business? Unless you’re swimming in cash, these are the kind of ROI I’m talking about.
March 28, 2015 at 10:38 AM #784266GuestI am willing to live in a 1-bedroom condo to pay for education. If the kids are all gone to school, is the big house still necessary?
March 28, 2015 at 10:41 AM #784267Participant[quote=FlyerInHi]I am willing to live in a 1-bedroom condo to pay for education. If the kids are all gone to school, is the big house still necessary?[/quote]I would feel claustrophobic if I live ina 1-bedroom condo. Also, where would your kids and grand kids stay when they come to visit?
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