Better off as a plumber?

[Hydroblunt]

Quote from marketsurfer:


PS i have wealthy relatives who are not educated and they tell me they WISH they had gone to college despite the money. Dats the way it is....

Is that because they missed out on the fun of the college lifestyle?

 

[marketsurfer]

Quote from Hydroblunt:

Is that because they missed out on the fun of the college lifestyle?

Not at all, they tell me its because they "can't relate" and feel inferior to those with degrees regardless of $$. surf

 

[zdreg]

Quote from FerdinandAlx:

Costs for a college education are low in Western Europe. In the Netherlands you pay Euro 1600 per annum, in France and Germany it's free. Recent graduates usually start out at 120 - 160% of the minimum wage so you'll earn more than most plumbers right out of college.

If you'd have take on the amount of debt that's usual for students in the US this would completely change the equation. Paying 5% interest on 50k of debt would reduce spendable income of a recent graduate by 10%, and that's before any payments towards principle reduction. Factoring in those payments would put spendable incomes at par with minimum wage for the first 10 years after graduation.

"Recent graduates usually start out at 120 - 160% of the minimum wage so you'll earn more than most plumbers right out of college."
numbers are not correct because plumbers make much than 140% of the minimum wage.

 

[nutmeg]

Quote from marketsurfer:

Not at all, they tell me its because they "can't relate" and feel inferior to those with degrees regardless of $$. surf

Sounds like a personal problem.

If I had a 2 year degree, I'd hang out with people who had a 4 year degree. If I had a four year degree I'd hang out with Phd's. Frankly, if I'm the smartest guy in the room - I leave.

 

[Scataphagos]

Quote from nutmeg:

"... Frankly, if I'm the smartest guy in the room - I leave.

Me too.

(I lead a lonely life.)

 

[marketsurfer]

Quote from nutmeg:

Sounds like a personal problem.

If I had a 2 year degree, I'd hang out with people who had a 4 year degree. If I had a four year degree I'd hang out with Phd's. Frankly, if I'm the smartest guy in the room - I leave.

Who knows. Most of us want the most what we don't/can't have--- money, love, sex, education-whatever- having one of the fattest house in Miami and the largest boat doesn't bring satisfaction. surf