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View Poll Results: River Action? | |||
Small Value Bet ($25-$40) | 27 | 22.50% | |
Bet 1/2 Pot ($50) | 40 | 33.33% | |
Bet 2/3 - 3/4 Pot ($65-$75) | 18 | 15.00% | |
Shove | 35 | 29.17% | |
Voters: 120. You may not vote on this poll |
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#1
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Finances of 2+2ers
After the interesting debate about home ownership, let's see where assets stack up.
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#2
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Re: Finances of 2+2ers
with net assets of 1M-5M, you guys still have to worry about Kids' college? [img]/images/graemlins/tongue.gif[/img]
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#3
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Re: Finances of 2+2ers
We're solid poker players around here, so assume we have smart kids that can get into good private schools. Taking my alma mater as an example, tuition and fees for 06/07 are north of $43K with no travel. That means the total college expenditure for two kids is about $350K. If I were worth $1MM, that'd 35% of my total assets out the door for college. Yeah, I'd sweat that -- I'd do it, of course, but I'd sweat it.
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#4
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Re: Finances of 2+2ers
I'd like to see age tie into this.
24, between 6 and 7 figs. Most of my net worth right now is my home, unfortunately. |
#5
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Re: Finances of 2+2ers
43, Robusto.
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#6
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Re: Finances of 2+2ers
I'm pleasantly surprised that Howard reads BBV.
25, bubbling. |
#7
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Re: Finances of 2+2ers
[ QUOTE ]
We're solid poker players around here, so assume we have smart kids that can get into good private schools. Taking my alma mater as an example, tuition and fees for 06/07 are north of $43K with no travel. That means the total college expenditure for two kids is about $350K. If I were worth $1MM, that'd 35% of my total assets out the door for college. Yeah, I'd sweat that -- I'd do it, of course, but I'd sweat it. [/ QUOTE ] ah, ya, I've got my Canadian mindset going where School isn't that expensive/not varied.. here is like $550 per course + books. so like 11K/year if residence and ~6K/year no rez. |
#8
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Re: Finances of 2+2ers
[ QUOTE ]
We're solid poker players around here, so assume we have smart kids that can get into good private schools. Taking my alma mater as an example, tuition and fees for 06/07 are north of $43K with no travel. That means the total college expenditure for two kids is about $350K. If I were worth $1MM, that'd 35% of my total assets out the door for college. Yeah, I'd sweat that -- I'd do it, of course, but I'd sweat it. [/ QUOTE ] Not to hijack this thread, but there are a lot of good, public, cheap colleges available. I only paid about $6k a year for my college education (graduated just a few years ago, and that includes room & board), and it was ranked amongst the top in the nation in many of it's business and computer related majors. I personally can't see how spending an extra $200k or so for my education would have made me better off today, atleast for my major (computer programming), I highly doubt I would have a higher salary today based on what school I went to. Maybe for other professions it makes a bigger difference. I know for me it would take an extremely long time to make up an extra $200k in salary. Especially since with my degree, real-world experience becomes more important quickly. Note: I do not think there is anything wrong with expensive schools, and I am not saying a cheap public school is better, but I don't think you can judge an education based on the cost of tuition -- studies have actually found that attendance at many colleges goes up after they raise tuition -- without actually changing the ciriculum, thus people are paying for perceived quality which may or may not actually exist. |
#9
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Re: Finances of 2+2ers
[ QUOTE ]
[ QUOTE ] We're solid poker players around here, so assume we have smart kids that can get into good private schools. Taking my alma mater as an example, tuition and fees for 06/07 are north of $43K with no travel. That means the total college expenditure for two kids is about $350K. If I were worth $1MM, that'd 35% of my total assets out the door for college. Yeah, I'd sweat that -- I'd do it, of course, but I'd sweat it. [/ QUOTE ] Not to hijack this thread, but there are a lot of good, public, cheap colleges available. I only paid about $6k a year for my college education (graduated just a few years ago, and that includes room & board), and it was ranked amongst the top in the nation in many of it's business and computer related majors. I personally can't see how spending an extra $200k or so for my education would have made me better off today, atleast for my major (computer programming), I highly doubt I would have a higher salary today based on what school I went to. Maybe for other professions it makes a bigger difference. I know for me it would take an extremely long time to make up an extra $200k in salary. Especially since with my degree, real-world experience becomes more important quickly. Note: I do not think there is anything wrong with expensive schools, and I am not saying a cheap public school is better, but I don't think you can judge an education based on the cost of tuition -- studies have actually found that attendance at many colleges goes up after they raise tuition -- without actually changing the ciriculum, thus people are paying for perceived quality which may or may not actually exist. [/ QUOTE ] You don't need a degree at all to sling code, so that's kind of a [censored] example. You'll also never make any real money at it unless you get lucky with a start-up or do your own thing. |
#10
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Re: Finances of 2+2ers
The 100k to 1 million range is absurdly wide. If you take a 35 year old with 150k in assets his lifestyle is nothing like a 35 year old with 900k in assets. Same with the difference between $1 million and $5 million.
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