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!@#$%! · 05.17.2022, 01:16 PM

@claire

i disagree with eugene's "no debt" admonition. there's good debt and there's bad debt. good debt is an investment that fuels growth and speeds you up, like wings; bad debt is a chain around the neck in deep water, and it drowns you.

so, of course don't get into bad debts for a useless degree (my useless degree was thankfully debt-free, though it took up years of my life, so it was an economic loss regardless. then again, i'm weird and do not mind).

but if you're getting a useful degree that will increase your income, then it makes sense to borrow sensibly. that is if you agree with the life cycle theory/hypothesis.

it basically states if you borrow when you're young and poor, save when your earning power is high in midlife, and spend your savings in old age, your consumption evens out throughout your lifetime for maximum marginal utility.

e.g. see: https://www.investopedia.com/terms/l...hypothesis.asp
https://www.thebalance.com/what-is-t...thesis-5209285

well, the hypothesis is descriptive not prescriptive, but you can use as a prescription/theory if so inclined (some financial advisors do).

the other thing to add is that i'm shocked at the fact that you can find no employment because the world needs (desperately) people like you who are competent with logic and reason and numbers.

you don't have to be a math genius--just competent--to find work. (also aussie unemployment is superlow and your central bank is raising interests to stem inflation.) can you tutor, or work with computers, or in something dealing with statistics, etc? e.g., here in the usa there is a huge demand for IT workers, accountants, actuaries, etc. https://www.indeed.com/career-advice...-job/stem-jobs

best of all is that skilled jobs pay more and you have to work fewer hours than doing unskilled labor to get the same money. so why not be nerd and proud, produce what you're good at producing? https://www.investopedia.com/terms/c...eadvantage.asp

anyway i hope you take some economics classes to help you make sense of these things. because... why suffer?

last, i hope you can find some support system/therapy, because you're a smart person and my guess is that it's emotional issues getting in your way. university campuses (at least in the usa) offer a large panoply of support groups and services. how is it over there?

05.17.2022, 01:16 PM	#42812
!@#$%! invito al cielo Join Date: Mar 2006 Location: mars attacks Posts: 42,460	@claire i disagree with eugene's "no debt" admonition. there's good debt and there's bad debt. good debt is an investment that fuels growth and speeds you up, like wings; bad debt is a chain around the neck in deep water, and it drowns you. so, of course don't get into bad debts for a useless degree (my useless degree was thankfully debt-free, though it took up years of my life, so it was an economic loss regardless. then again, i'm weird and do not mind). but if you're getting a useful degree that will increase your income, then it makes sense to borrow sensibly. that is if you agree with the life cycle theory/hypothesis. it basically states if you borrow when you're young and poor, save when your earning power is high in midlife, and spend your savings in old age, your consumption evens out throughout your lifetime for maximum marginal utility. e.g. see: https://www.investopedia.com/terms/l...hypothesis.asp https://www.thebalance.com/what-is-t...thesis-5209285 well, the hypothesis is descriptive not prescriptive, but you can use as a prescription/theory if so inclined (some financial advisors do). the other thing to add is that i'm shocked at the fact that you can find no employment because the world needs (desperately) people like you who are competent with logic and reason and numbers. you don't have to be a math genius--just competent--to find work. (also aussie unemployment is superlow and your central bank is raising interests to stem inflation.) can you tutor, or work with computers, or in something dealing with statistics, etc? e.g., here in the usa there is a huge demand for IT workers, accountants, actuaries, etc. https://www.indeed.com/career-advice...-job/stem-jobs best of all is that skilled jobs pay more and you have to work fewer hours than doing unskilled labor to get the same money. so why not be nerd and proud, produce what you're good at producing? https://www.investopedia.com/terms/c...eadvantage.asp anyway i hope you take some economics classes to help you make sense of these things. because... why suffer? last, i hope you can find some support system/therapy, because you're a smart person and my guess is that it's emotional issues getting in your way. university campuses (at least in the usa) offer a large panoply of support groups and services. how is it over there?
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