It has occurred to me....

#52
#52
DC Vol said:
Hate to be harsh here but if you drop lots of cash on a degree and major in Philosophy or Art History... don't be surprised if you're not employed.
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agreed. though the primary problem in the euro countries is they aren't allowed to fire anyone they hire (france actually has a lifetime job provision) so therefore companies are reluctant to hire a recent college grad fulltime.
 
#53
#53
g8terh8ter_eric said:
The formal training to understand the green alternatives, is not one that will come cheap right now though. It's not a huge market, therefore its a smaller niche training arena. It's just like tech work, it used to cost an arm and a leg to get into the field, now you can study and take tests over the course of 6 months and learn more than those who go to school for 4 years, and have no student loans. I maybe off in the smaller arena comment, but you don't see solar panel schools or wind turbine colleges on every corner. At least not where I am.
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- learning how to install those new products requires no real higher education. Yes designing takes education but most jobs will not be found there

- to be honest neither a 4yr degree nor overrated paper certs is going to get you much of anywhere but the ground floor in the tech world anyway
 
#55
#55
g8terh8ter_eric said:
The formal training to understand the green alternatives, is not one that will come cheap right now though. It's not a huge market, therefore its a smaller niche training arena. It's just like tech work, it used to cost an arm and a leg to get into the field, now you can study and take tests over the course of 6 months and learn more than those who go to school for 4 years, and have no student loans. I maybe off in the smaller arena comment, but you don't see solar panel schools or wind turbine colleges on every corner. At least not where I am.
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currently the primary problem is unemployment insurance has been extended so far that people have little incentive to switch to growing industries since that generally would require starting over in an entry level job.
 
#56
#56
Sabanocchio said:
What BPV said was spot-on. You have to be able to manage your debt of course, but it is a necessary evil in the business world. There is good debt and bad debt. Similar to going in debt to purchase a house. You expect that it will work in your advantage in the end. Bad business is still bad business any way you put it. That's the case in any economy but in a poor one it is obviously magnified.
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That's the only debt that I consider good debt. It's the only investment you can make, other than retirement, that is going to have a long track record of retaining value or going up in value. Most every other kind of debt can't touch that claim. Although, there are people who buy houses that can't afford them, so it ends up being bad debt in the end for them.
 
#58
#58
g8terh8ter_eric said:
That's the only debt that I consider good debt. It's the only investment you can make, other than retirement, that is going to have a long track record of retaining value or going up in value. Most every other kind of debt can't touch that claim. Although, there are people who buy houses that can't afford them, so it ends up being bad debt in the end for them.
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Michael Dell's investment turned out to be a pretty good one. Sam Walton too. You have to go into debt to start a business these days unless you are fortunate enough to already have wealth in your family.

I really do not see what you are getting at here.
 
#59
#59
droski said:
currently the primary problem is unemployment insurance has been extended so far that people have little incentive to switch to growing industries since that generally would require starting over in an entry level job.
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Exactly. I would rather see them spend that money to retrain these folks, instead of making them Jerry Springer addicts.
 
#61
#61
i recently saw a study that home prices over the past 70 years have risen slower than inflation which indicates it might not be that great of an investment.
 
#62
#62
droski said:
i recently saw a study that home prices over the past 70 years have risen slower than inflation which indicates it might not be that great of an investment.
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I'd like to see that study. I cannot imagine that being the case.
 
#63
#63
Sabanocchio said:
Michael Dell's investment turned out to be a pretty good one. Sam Walton too. You have to go into debt to start a business these days unless you are fortunate enough to already have wealth in your family.

I really do not see what you are getting at here.
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You can build up a company without using debt, but most people want it all now. So, when their debt to income ratio is 2-1 debt, they can't survive, thus they close their businesses and sell their houses they have those 2nd and 3rd mortgages on.
 
#66
#66
g8terh8ter_eric said:
You can build up a company without using debt, but most people want it all now. So, when their debt to income ratio is 2-1 debt, they can't survive, thus they close their businesses and sell their houses they have those 2nd and 3rd mortgages on.
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Not always. Not even a majority of the time.
 
#67
#67
droski said:
i recently saw a study that home prices over the past 70 years have risen slower than inflation which indicates it might not be that great of an investment.
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Far better than short-term renting or government tenements. There are drastic periods of growth and contraction in that time-period. If you play the market well, you can make a definite gain on your house.

I would never use the housing market as an investment platform though, if that's what you were angling at.
 
#68
#68
DC Vol said:
Hate to be harsh here but if you drop lots of cash on a degree and major in Philosophy or Art History... don't be surprised if you're not employed.
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Who says they are dropping cash. Many students over there are sponsored. Another perk.
 
#69
#69
Sabanocchio said:
I'd like to see that study. I cannot imagine that being the case.
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it was true for all but the most desirable places to live like southern california. now real estate is the best way possible to hedge inflation risk so it might be a valuable investment just based on that.
 
#70
#70
hohenfelsvol said:
Who says they are dropping cash. Many students over there are sponsored. Another perk.
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Regardless, if you attain a degree like AH, Philosophy, Psychology, etc you'll see little return on it. I was making a bit of a universal statement too. This definitely applies to the US as well.
 
#71
#71
g8terh8ter_eric said:
I just got finished seeing one of my personal friends go through selling his business because he had too much debt. Businesses and people think they can manage it, but I would say that the reason 90% of small businesses fail is because they don't know how to manage finances. Debt is not OK, and just think if there was no debt in a company at all. Would make a much less stressful environment, IMO.
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this makes no sense whatsoever. Businesses fail because there is a lot to get right and inability to accomplish any of it is a huge problem. Finance is one part of that, but it's silly to assume that equity holders are really any different from debt holders. In the end, debt allows for growth and daily operations, but has to managed well.

Tell me this, how many companies would not exist at all if the debt markets weren't available?
 
#72
#72
g8terh8ter_eric said:
You can build up a company without using debt, but most people want it all now. So, when their debt to income ratio is 2-1 debt, they can't survive, thus they close their businesses and sell their houses they have those 2nd and 3rd mortgages on.
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This is way too simplistic. Some businesses are simply debt businesses and some aren't. Don't confuse debt with poor financial management.


If the world took your approach to debt, we wouldn't have fancy hospitals, doc clinics, google, cisco, etc etc ad infinitum.
 
#73
#73
DC Vol said:
Regardless, if you attain a degree like AH, Philosophy, Psychology, etc you'll see little return on it. I was making a bit of a universal statement too. This definitely applies to the US as well.
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Just pointing out the socialistic system helps pay for the degree over there and then nice unemployment benie's afterwards.

Agree the unemployment of grads is higher no matter where. Just an indication of the global economy of which will change soon because all the grads now will I'm sure seek gov't healthcare jobs so they can monitor the system.
 
#75
#75
hohenfelsvol said:
Just pointing out the socialistic system helps pay for the degree over there and then nice unemployment benie's afterwards.

Agree the unemployment of grads is higher no matter where. Just an indication of the global economy of which will change soon because all the grads now will I'm sure seek gov't healthcare jobs so they can monitor the system.
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Yeah, I know the French pay a lot in taxes but receive a lot from the government. Yet, despite this, they've got one of the world's strongest economies.
 
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