Posts Tagged ‘college’

“The definition of inflation is simple. It’s a general rise in the price level….  So you can…think about inflation not as a rise in prices, but as a change in the value of money. When the value of money changes, other things will rise or fall in price.

That’s the definition. Measuring inflation is much more complicated….

We’re concerned with general inflation as a monetary phenomenon. Health care and college prices will keep rising, we’re sure. But the cost of everything else rising is the true threat…” -David Eifrig

Debt Trap

Posted: February 21, 2018 in Debt
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“You’re going to be a wage slave your whole life… You’ve got to borrow money to buy a house. You’ve got to borrow money to buy a car. You’ve got to borrow money to get a college degree. You’re trapped in this complete cycle.” -Porter Stansberry

“The lie we all believe is that you have to stick with it.  You can’t quit.  You are what you are.  But that’s not true….  It’s called the sunk cost fallacy.  This is when you stick to what you’re doing because you already invested your whole life in it.  For example, you won’t quit your job (the job you hate) because that’s what you went to college for or because you’ve been doing it for 20 years and change is scary.” -James Altucher

“One of the most important parts of taking control of your life as a step to prospering in the years to come is to educate yourself and gain skills.  That means a lot more than just logging eight years in high school and college.  Going to college is one thing, but learning to make money is something else.” –Doug Casey

Scary Change

Posted: January 10, 2017 in Uncategorized
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“Let me get back to the most commonly believed lie.  It’s called the sunk cost fallacy.  This is when you stick to what you’re doing because you already invested your whole life in it.  For example, you won’t quit your job (the job you hate) because that’s what you went to college for or because you’ve been doing it for 20 years and change is scary….The lie we all believe is that you have to stick with it.  You can’t quit.  You are what you are.  But that’s not true.” -James Altucher

College Education

Posted: March 24, 2016 in Thought for the Day
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“A lot of people seem to think that simply going to college will bestow an education.  In reality, all most people get is a diploma, which is very different.” –Doug Casey

The situation in auto loans is dangerous.  But the situation developing in student loans is much worse.  Here, loan totals have grown enormously – with wild abandon – over the past decade.  The total amount of student loans has doubled since 2009, to more than $1.3 trillion.  And why shouldn’t students borrow money like mad?  Much like subprime car buyers, they have no intention to ever pay it back….  The U.S. Department of Education reports that 51% of students are currently not servicing their debts.  That’s from data compiled last year.  Since then, the number of students getting deferments has soared, thanks to aggressive marketing of Obama’s various college-loan programs.  Not surprisingly, students who take deferments are much more likely to eventually default.” -Porter Stansberry