post up "justification" picts. and which would you choose?
My new money would need a red Ferrari first, but a Carrera GT would be damn nice.
Funny I had that poster on my wall as a teen:
You have to be born into it these days. They keep us plebs pretty low. Even with higher ed.
Ferrari Mondial, don't know year. (Edit: yes, that's a pre-Testarossa 512.)
Porsche 928, 1987-1995.
Mercedes W126 S-Class, 1981-1991.
Chevy Corvette C4, 1986-1996 (has to be 1986 or later due to CHMSL).
BMW E30 Convertible (the convertible didn't follow the rest of the E30 years - I think mid-1980s to 1993).
So for the year it's from - I'm guessing 1987.
Last edited by Lifelong Obsession; 05-02-2013 at 12:13 AM.
Contrary to popular belief, 95% of people in the medical field make nowhere near enough to afford that lifestyle unless they're married to a high-earning spouse.
Of the 5% that do, 2% are very savvy businesspeople that could make a higher salary after getting an MBA and starting a non-medical business or working on Wall Street.
2% are neurosurgeons and high-end orthopedic surgeons that will come in at 2 AM on a Saturday night to treat your grandmother when she breaks her pelvis in 5 spots after falling down the stairs, or drain a bleed in your brain after you took that curve a bit too fast in the rain and hit a tree head-on at 60 MPH.
And 1% are older docs that live in a low-cost town, have no kids, and have saved up for many years.
Last edited by jastevenson; 05-02-2013 at 12:26 AM.
Apparently it doesn't help as much these days:
It's crowded at the top: Freakonomics Radio
The April unemployment numbers come out this Friday, after "weak" figures in March. But Stephen Dubner says there may be a larger, hidden side to the month-to-month swings in joblessness.
A "great reversal" in demand is what economist Paul Beaudry calls it. In the 1990s, there was healthy growth in jobs requiring a lot of education, and cognitive or technical skills.
"Then you start noticing that it has plateaued in 2000, even though more and more people are getting educated," Beaudry says. "It should have kept on going."
The result is that those high-educated workers are forced to take jobs further down the labor ladder than they were hoping for. What happens to the people who used to take those jobs?
"We started noticing all this cascading," Beaudry says. "I wouldn’t want to exaggerate -- it’s not like everyone is getting a barista job, but that’s exactly the feeling. It’s kind of like this pushing down."
So highly skilled workers go for the jobs of the lower-skilled. At the bottom of the ladder, workers can be pushed off entirely, into unemployment.
The effect has been masked, in part, by the financial crisis. Beaudry says things like banking and housing sectors may continue to improve, but this "cascading" will endure as a fundamental force dragging on the economy.
There may be a silver lining to all of this, before you get depressed.
With this recent push down the labor ladder, many highly trained and highly educated workers are going into the classroom.
This year, Teach For America received 57,000 applications -- the largest pool of interest in its history. On average, the program signs up fewer than 15 percent of those applicants, making it even more selective than many of the elite colleges where its new teachers graduate from.
Most of the people I know with such things never went to college. Exceptions are a lawyer and neurosurgeon. I also know a lawyer that makes about what I make. Most people I know with a college degree make less then me and had to deal with crushing student loan debt, and once finding a job, taking a few years to get experience before they can even hope to make a decent income. Days of obtaining a degree and having a six figure job waiting for you are gone. Now you complete the 16th and work at starbucks, or the 20th grade and be an low paid intern for a few years under $100K in student loans. Food for thought. Just have some motivation to work hard, be smart and things will come to you. Most of all, do what you want to do. makes no good if you make $300K a year working 16 hours a day 6 days a week, and you spend $300K a year with no time to enjoy it.
A good plan violently executed now is better than a perfect plan executed next week.
George S. Patton
Meanwhile, I met a welder the other day. He's a part of a union (are there unions for white collar workers?) and he makes $35/hour. His union takes $10 right off the top, but supposedly guarantees him a pension and healthcare. Oh, and he went to a local tech college for less than a year.
But, it could be worse. Lawyers have it really bad. My brother graduated with $175K in school debt, and if you're lucky to even get a job, you'll likely start at $50k-$60K (unless you're working for a big firm in a big city, and then you have brutal billed hour quotas). He actually told me there was a local attorney paying new graduates $40K a year!
I'm all for the free market and I'm not necessarily a fan of unions, but it seems like we've taken a step back. I mean were more skilled/more productive than we ever have been, yet wages has dropped. Frustrating...
Richest man I know has a grade 8 formal education, did his trade as a bicycle mechanic at 14, then got into tool and die making... He's worth close to $1 Billion.
All you need is talent, an idea, and someone behind you to kick you in the butt when you need it (his wife and CFO of his former company)
Having a job does not buy you these cars. Getting a stellar eduction doesn't guarantee you anything in life except student debt.
There are way more people then ever graduating university... but not so many going to trade school to be a welder. Or an electrician, or plumber, millwright, tool/die maker etc... Historically a trade has always been a good way to make a good wage, but now it's more prevalent than ever... thanks to a trades shortage and the demand for higher quality/lower cost manufactured goods with less human work content in the assembly of it. Factories need more people who can automate and maintain the facility and less than can build the finished goods.
Don't knock trades for lack of education... My training took 5 years, and involved as much class room time as some university degrees. They are a good way to make $70-100k+ a year tho.
Out of all my friends I am still making the most money, and many of them with university degrees after 5 years of graduation are either underemployed or unemployed. I only have three friends with a good paying job in their field
Last edited by Live-Wire; 05-02-2013 at 01:21 AM.
It's funny how we all lust after expensive cars as status symbols to display our wealth. Education is only seen as a tool to acquire wealth. If you could be a highly educated man or a putz with a garage full of lambos which do you choose?
Don't care about Ferris and Porschas and such.
I want this... Somewhat pure unobtanium here, but back home is not.
But "justification for higher education" you say??? Hmmm...