- Jul 24, 2010
- Reaction score
It depends on specifics which few of us have here and more than a few obviously are projecting their own limited experience into the world. Lotsa people have gotten "burned" on student loans, mortgages, etc. but this shouldn't blind one to the fact that they can be a rather effective method for achieving certain goals, often the only means.Achronos said:Well this is true...orthonorm said:James, remember when you ask advice from people who don't know you and don't have much experience dealing with what you are asking about, you are basically going to get more insight into their own past mistakes and regrets than any possible decent advice for yourself.
^-------This is now the best advice in this thread.
So NBD on getting school loans then and take your time?
Getting a trade? Awesome! In what? What is James suited for? Are the trades even sustainable in late capitalism?
Never be in debt? Awesome! Unless, you are given a loan which inflation will eat the interest you pay on the loan and you can further leverage that money with relatively little risk for enormous gains.
Take our dear James. He probably can't be a pharmacist, but has suggested he would like to.
What are the current trends in median income for pharmacists, employment projections, etc? Does it makes sense to get into $250k of debt (your payment which will be capped relative to salary and the interest rate low) to make $200k / year while staying out of the economy for say 10 years in which you would've earned over the course of those years maybe $450k?
James should calm down. Find some people who are experienced in such matters (good luck). And listen to Cyrillic to enjoy high school a little bit, if he can.
What I would do if I could go back in time is different than what I did. But what I wish I would've done might not make any sense for James.
And what I think most people should do might not be what James should do. In other words, it would be good if people knew someone fairly well before "helping" them, unless the advice is incredibly specific and in an area in which the person has an inarguable expertise.