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Post 40

Thursday, May 21, 2009 - 6:54amSanction this postReply
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John said:
That's not to say making money should be your only goal in life, but if living comfortably and being wealthy is desirable to you, then how you go about getting an education should factor in what you can expect to receive in income vs. the money you put into receiving a degree.
I couldn't agree more, John.


Post 41

Friday, May 22, 2009 - 12:51pmSanction this postReply
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I drive a 1990 Toyota Camry with 331,000 miles on it. I think it's pretty cool.

That's very cool. I drive a 1988 Honda CRX with just over 120,000 miles on it. 40 mpg, beautiful, and fun to drive. At this rate, it'll last a lifetime. (My husband drives a Lexus GS450h, so you can stop looking down your nose at me, John.)


It's nice to get a decent car that you get alot of mileage out of and it can be a prudent economic choice, however, safety advances in cars have a good chance of making a life or death difference since if you're going to die a premature death it will most likely be in a car accident.

From wiki

In Australia, the 1988-1991 CR-X was assessed in the Used Car Safety Ratings 2006 as providing "significantly worse than average" protection for its occupants in the event of a crash.[4] But, on the other hand, both versions of the CR-X (the 1984-1987 and the 1987-1991 one) got good safety marks (5 and 4 stars) in the NHTSA Crash Test Results For 1997 US NCAP[5]


Having more income doesn't just enable fancy sport's cars, but can enable significant material benefits and quality of life enhancements. I recently bought a Jetta TDI which gets almost the same mileage as a Prius but has a stellar crash index rating, as the top rated side impact vehicle IIHS had ever tested.

http://www.youtube.com/watch?v=QNosf1ZzHIE

As far as I am concerned there is no better combination of fuel effeciency / economy, safety, and cost than the Jetta TDI

Consider also the Antilock bracking systems and electronic electronic enhancements newer cars include that help you maintain control. Newer cars will help you avoid and accident and avoid getting killed in one if you get in one.

Post 42

Friday, May 22, 2009 - 1:02pmSanction this postReply
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Luke seems to be discussing advanced degrees in general, while Johnny is speaking more of particular types of advanced degrees which have much less marketable value.

I agree with John in that regard, and I've made similar complaints myself, I think this is a product of American individualism's current disregard for practicality. People focus on whatever education they most enjoy pursuing, completely disregarding the prospects of making money in that area. So we have tons of Art History majors and Theater majors who are employed in nothing even remotely related to their education.

PhD's in objective technical areas, however, I'd say are probably most worth it, returning high salaries and more fulfillment.

Properly one should probably balance income earning potential and the quality of life that reflects with what they enjoy doing. I might thoroughly enjoy hacky sacking, but spending my life trying to become a professional hacky sacker is probably not a wise decision.

But the mutual friend of John and I pursuing his history PhD is not resigned to teaching because he doubts he could find other employment, teaching is his goal and has been explicitly as we wants to influence students away from marxist history. He also plans on writing popular history books.

Post 43

Thursday, May 28, 2009 - 2:04pmSanction this postReply
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This came up in Instapundit -
http://www.theweek.com/article/index/96989/Bursting_the_Higher_Ed_Bubble

Post 44

Friday, May 29, 2009 - 9:12amSanction this postReply
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The salient point was that as "everyone" (actually only about 20% of adults) has a bachelor's the degree has lost some of its buying power.  Therefore, advanced degrees become the delimiter.  Double majors and double degrees are an option.

I had one criminology text written by a workhorse named Karen (with an umlaut-a) Hess.  Her first doctorate was in English literature.  Her second is in criminology. 
Story Musgrave attended Dexter School, Brookline, Massachusetts and St. Mark's School, Southborough, Massachusetts, from 1947 to 1953, but left school shortly before graduation and before receiving his high school diploma. He received a BS degree in mathematics and statistics from Syracuse University in 1958, an MBA degree in operations analysis and computer programming from the University of California, Los Angeles in 1959, a BA degree in chemistry from Marietta College in 1960, an M.D. degree from Columbia University College of Physicians and Surgeons in 1964, an MS in physiology and biophysics from the University of Kentucky in 1966 and a MA in literature from the University of Houston–Clear Lake in 1987.
http://en.wikipedia.org/wiki/Story_Musgrave


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