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sc ks | Coups post on consumer debt reminded me of a Facebook friend promoting student loan forgiveness. She has maybe 300k debt and paying 6pct interest to be an optometrist who probably makes 90k salary. Talk about terrible decisions. Somebody commented to her that a master plumber makes what a starting optometrist does (65-70k). Just think of the real cost in terms of principal, interest, and opportunity cost during 10yrs of school that she could've been investing. Now she's in her 30s and handcuffed to a career. The plumber who makes 65k starting at age 20 could probably build 7 figures more wealth by retirement than some of these stupid degrees. | |
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Speaking of bad debt
