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yellowoftops's profile

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Maybe Jerry's fighting against her father was keeping her grounded. Sure he's an idiot, but he's an idiot who loves his family.

He plays Squanchy too if that makes you feel better. And Pensylvester, and a bunch of other bit voices.

And that Jelly Bean, was played by Spongebob voice actor Tom Kenny.

In the future when hubski is being excavated by Xeno Archaeologists they will not be able to explain what happened here.

I'm super down to talk R&M. I've been watching religiously for the last few years. Watched all of them multiple times, even the new one that was on last night.

So far, I love all of them. This review of the pickle rick episode was extremely good and I felt like they 'got' everything in the episode that a lot of other people missed.

In the final panel of that, in the background of the street scene, they have the Led Zeppelin icons as a sign. I dig that. That was a cool comic also! Learned a lot.

I mean, you could always just keep it. You'll just be losing the real value at the rate where inflation outstrips your savings interest rate.

Shit man, luck is the intersection of preparation and opportunity (Seneca-ish). Take it when you can get it.

Honestly most of my financial technique is based on how debt and savings make me feel with the caveat that I feel as if I have a strong core of common sense.

I know that mathematically it's not the strongest return to pay off my mortgage as fast as I do, but in a few years, I won't have a mortgage to pay off. And that's going to make me feel infinitely richer.

So everyone is thinking investments. They're skipping over basic step one stuff which I don't know if you've done or not.

Step 0: Pay off unsecured debt. You said you're not really savvy with this stuff so I'm going to define unsecured debt as debt that you couldn't pay off by selling the thing the debt is for. A mortgage isn't unsecured. A car loan isn't (as long as you're not upside down because you bought a new car, or your house lost value). If you have credit card debt, student loans, any of that stuff, pay it off. Some people will disagree with this because they think that if you're paying 8 percent interest on a credit card, but going to see a 15 percent return on an investment, that you should take the higher return investment. To me, this ignores cash flow, which is more important than a small difference in return on investment. First, that credit cad interest rate is guaranteed to be that rate or worse, and your investment is not guaranteed to do a damn thing. So to argue that an ROI is higher and so that should be the only consideration is naive. Second, if you pay off a debt, you no longer have a minimum payment on that debt. This allows you a great amount of flexibility in how you spend your money otherwise. I find this to be valuable in an intangible way.

Step 1: Save cash in an emergency fund. It should be as much as you're comfortable with. Generally that's said to be about six months of salary or living expenses. So take all your outflows for the month, multiply times six, add 10% for what you're forgetting, then put that amount of cash away. If you can do this, and you have no debt already because of step 0, you are infinitely richer than almost everyone you know or see every day. This is money you can quit your job with and take your time to look. This is a security blanket. This is freedom money. Honestly, if you've done this already, and you have any money left over, you've left the realm of 'not a lot of money' for most people.

Step 2: Pretty much anything else you want to do with your money after paying off debt and saving is based on risk aversion.

You retiring tomorrow, or forty years from now? If tomorrow, save it. You won't see a return on it. If forty years from now, you can tolerate risk. Sequence of returns has lot to do with your final payout, you should read about that. That's basically the thing that the stock brokers aren't going to tell you. Sequence of returns doesn't affect their bottom line, but it does yours.

If you can tolerate the loss and eventual rebound, an index is less risky than you can probably tolerate and you could look at smaller investments that a broker can walk you through. But they're guessing just like anybody else. You very well could lose everything you give them. Just accept that if you're going uber risky. Think of the money as gone and everything else is a happy surprise.

But if you index it, you're looking at the standard 11% overall return.

Honestly, I don't think the college model is going to work much longer. And they've (and I've) been saying this for years. College is mostly a waste of time. You go to learn one skill set, then you have to learn a hugely diverse skill set to become a 'well-rounded' individual.

I get that, I hold two Master's, and around 300 credit hours in a classroom, with many of those hours going to nothing productive in particular. I'm round. But having done all that, which was an insane luxury for most, I don't recommend it. I took really hard (for me) math classes that expanded my mind a bit, but I also had to start from trig because math has never been my strong suit. So a lot of classes it took to get to Abstract Mathematics and Non-Linear Algebra before math really started blowing my mind.

But what do I use in my job? Mostly overall concepts of marketing segmentation, media channels, and experience from other jobs I've had. And a fine ability to bullshit. That's like 4 of the classes I took in college ever, a lifetime of not liking extra work, and luck.

So when I say that college is on its way out, I think what's going to take its place is certification. That cert used to be a degree, but lots of jobs in IT especially don't respect your degree. They want you to see you code (I've heard, I'm not a programmer). They want to see your Cisco certification, not your diploma.

So why is Marketing different? Because it didn't spring up quickly, and employ a group of fast moving people who walked into a job of unlimited growth, and who now run their companies' IT departments without a degree, thus spurring on a disregard for people with degrees but little practical experience. I dont' work in IT, but I do know a ton of people who work in IT, especially tech support for big companies, whose major skill is being able to look up the solution to a problem in forums and on google.

As soon as people can get hired with certs for marketing functions, people aren't going to go to school for Marketing anymore. Same with most jobs. I didn't go to school for education, I did it to waste time while I adjusted to being out of the military. Along the way I found something I liked doing, but that is a super inefficient college journey.

Math shows it's still a very solid investment to go to college.

Education Level - Median Weekly Income

High School/No College - 668

High School/Some College - 761

Bachelor's - 1101

Master's - 1386

So if you did rack up 100k in student debt to get a bachelor's degree, it would help you make (1101-668)=$433 more dollars per week over someone who went to high school only. $100,000/$433= approx 231 weeks of extra income's worth of loans. That's only 4.5 years, then for the rest of your life you're just making more than your investment.

Of course, you don't make the difference right away as it's the median income level for someone with that has that degree level, and I understand that it's part of the article to say that there's a wealth buffer, but even if you triple the repayment of the investment, it's still worth (in a 40 year career) ~800k in additional money. So you put in 100k, you get 800k. Anyone should make that investment.

Really, it's a wonder that college was every as cheap as it was to begin with. It's a huge return on investment, not only in percent, but in nominal dollars as well. Of course when you give people nearly unlimited access to capital, and shield lenders from any fear of losses through aggressive lending, you're going to spiral up the money supply in that market and get cost to the new maximum level that the market will bear. So now here we are.

As well, colleges have waaaaaay too many extravagant things to solely judge their costs on a repayment in education. There's probably a new market soon to emerge that would aim to be a bare bones educational experience. Go to class, no cafeteria, no sports, no av club etc.

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