One thing is for sure. Most people are not built to work for themselves. I have a friend who is married and has two kids and for as long as I have known him he has wanted to work for himself, but he never takes the steps to do so. The idea of not having that weekly regular check, the health insurance etc scares him enough that he won't do it. Now he is talking about waiting another 3 years when his youngest is out of high school then he might do something.

I also know a bunch of people who just don't want the hassle. My brother is one of them. He is perfectly happy going to work 40 hours per week, coming home and hanging out with the family. He is willing to do side work on weekends and stuff, but has no interest in working for himself at all.

BTW. . . I have 4 hours if you want to teach me something that could make me an extra $50K- $100K per year :)

Your uncle is not a Major in the military without having a college degree...end of story.

Unemployment rates and median pay scales for those with and without degrees.

http://www.bls.gov/emp/ep_chart_001.htm

Maybe a workshop is in order?
I'd sign up!

I'll keep you two guys in mind.

I'm sitting here completely underwater. And I can't recall...but I'm pretty sure my jumbo loan was too big for Fannie Mae or Freddie Mac

So I'm stuck paying 7% interest and can't refinance or get a "rate modification"
It's fucking frustrating.

Under Obamacare, Obama already made student loans easier, he wants to give more?

Students who borrow money starting in July 2014 will be allowed to cap their repayments at 10 percent of their income above basic living requirements, instead of 15 percent. Moreover, if they keep up their payments, they will have any remaining debt forgiven after 20 years instead of 25 years – or after 10 years if they are in public service, such as teaching, nursing or serving in the military.




Go with the post 9/11 bill, serve the country if you want a better deal .

Read the article. 10 % of your income with debt forgiven after 20 years.

This will help people keep their home. It's pretty much impossible to re-finance in the private sector since often the debt is higher then the house price. This fixes it.

Anything that will prevent actual homeowners of getting repocessed and bankrupted is good.

As far as I can tell, this dosen't make new credit avaliable at a cheaper price.

Sadly, this is very true. Some people are little more than worker bees.

:2 cents:

There is a difference between an 'education' and learning a 'vocation'.

However, I concede your point that many people in our society should just spend less money, learn a vocation, and then go hit the workforce. Not everyone needs an over priced, one size fits all, higher education system. However, part of that problem stems from the education system (and counselors) themselves. Education is big business.

I guess I don't see this as sad. If there was nobody out there who just wanted to work for someone else we wouldn't have half the stuff we have today. You couldn't go to your favorite restaurant and order food because there would be no "worker bees" to cook it or serve it to you. You couldn't have a computer because the "worker bees" the design, build and mass produced it, not to mention shipped it to a store near you and sold it to you would all be off working for themselves.

A capitalistic society needs people who want a job and enjoy the security of that job. It doesn't make it a bad thing.

It isn't for me. In the past I always hated for other people and the last 11 years that I have been self employed have been the best of my life, but I don't look down on those who decide it is not for them and who just want a job and have different aspirations in life.

no worries, i know how tax works

but the basic idea behind this is: if the society in total pays for education, everyone, no matter how the family background is, will be able to get the education he/she is capable of. and those people repay by getting good jobs and paying tax.

it would suck though if the tax rate i would have to pay, would be insanely high because of this - but it isn't.

It's true, and that's kind of the point. I have a friend from high school that will most likely never be more than a gas station clerk. A degree would be totally wasted on him and saddle him with debt that he could never pay off while he would roam around in life pissed off and owing $20k+.

Not everyone is made for running a business. Getting a college degree. Etc., etc. Everyone is different. Kids need to stop being corralled into a worthless degree program, just so they get a degree, when it's not right for everyone. It gives them a ton of debt, probably jacks up the price for those who do want a degree, and sends them on a life path that isn't right for them.

We need welders, we need electricians, we need art, we need mechanics, the list goes on and on.

Actually its not sad, its what makes the system work. On two points first if everyone was Steve Jobs then it wouldnt be special and secondly. Someone has to work in the walmarts, targets , costco's, answer the phones, do the selling,cook the food, serve the food,etc.
To think those people work no harder or are no more important your kidding yourself. Whats walmart without their workers or Mcdonalds or Starbucks, they wouldnt exist.

That's why I wish GideonGallery would finally leave his parent's home and get a damn job. :1orglaugh

I agree 100%. I know a few people who have jobs that pay them enough for them to live on, they are happy, but don't have a lot of money. They just live within their means an getting a degree likely would only put them in a job they hated and, like you say, give them more debt.

I once dated a girl who had a degree in accounting. She went through the whole process, became a CPA and got a job at a big accounting firm. She made really good money and worked great hours, but was miserable. It turns out after all of this she hated accounting. In her spare time she started working at a radio station and loved it. Now she is a radio DJ, makes about 1/3rd of what she did as an accountant and loves her life.