People with a higher education, and usually an accompanying higher paying job, are less likely to have kids because of the opportunity cost of doing so.
Their opportunity cost of having a kid is so much higher (their free time is better spent, upward mobility more likely, and the lost wages would be higher) that less people choose to make that choice.
Also, I don’t know if I’ll ever be ready for a kid, can’t even fathom it at this point.
A lot of people make too much money in CA to not be conservative.
You can drive from over the top liberal to mostly conservative in an hour from most places.
It all depends on what you think they expected rate of return on an investment of the principal amount would be.
With simple calculations, it seems the tipping point is around 7% for this case. If he could earn more than 7% on the principal 5.9 million (he clearly doesn’t need to spend it) then he would have actually been better off taking the 5.9 million upfront instead of delaying the payments.
If you look at the Russell 3000 lets say (16%+ return from 99-2011) or the Russell 2000 (96% return 99-2011) he is actually worse off than if he took the money up front.
Real moral of the story: compounding is very powerful. He is not a wizard pulling power moves.
Thank you for making me feel young.
I might have problems, but mercifully they don’t include balding and a lack of testosterone. Really puts things in perspective.
I feel like you just hate the idea that somebody might want to exercise or do something that gives them a sense of accomplishment and that they are proud of.
But hey, I guess there’s always Plan B: tweeting photos of brunch like everybody else, because that’s much less annoying.
I don’t eat good breakfasts, I’m in like a granola bar or toast category, but I honestly hate trying to down greasy cheesy fast food for breakfast. Sounds like such a terrible way to start the day.
Advertise
It is your fault. You’re awful.
Ugh, everybody knows it’s an octothorpe!
I think I’m going to marinate all of my food in beer just to be safe.
Bong and a blintz?
I admire your dedication to providing this every day
Thank God this has been resurrected.
Just what I needed today
But how else do I decide what to eat each day? This really simplifies the process and basically guarantees somebody is making it!
I’d be curious to know what the lamest, most out-of-date relationship vocabulary you’ve heard all year is.
People with a higher education, and usually an accompanying higher paying job, are less likely to have kids because of the opportunity cost of doing so.
Their opportunity cost of having a kid is so much higher (their free time is better spent, upward mobility more likely, and the lost wages would be higher) that less people choose to make that choice.
Also, I don’t know if I’ll ever be ready for a kid, can’t even fathom it at this point.
A lot of people make too much money in CA to not be conservative.
You can drive from over the top liberal to mostly conservative in an hour from most places.
Just what I needed before Thursday happy hour, preach!
It’s nice to know that your way of handling somebody trying to accomplish more than you is by belittling them.
Tom definitely doesn’t have a dad bod.
Day made, thank you
Yes, but he clearly could live without spending it (he did), so it’s definitely feasible.
It all depends on what you think they expected rate of return on an investment of the principal amount would be.
With simple calculations, it seems the tipping point is around 7% for this case. If he could earn more than 7% on the principal 5.9 million (he clearly doesn’t need to spend it) then he would have actually been better off taking the 5.9 million upfront instead of delaying the payments.
If you look at the Russell 3000 lets say (16%+ return from 99-2011) or the Russell 2000 (96% return 99-2011) he is actually worse off than if he took the money up front.
Real moral of the story: compounding is very powerful. He is not a wizard pulling power moves.
Thank you for making me feel young.
I might have problems, but mercifully they don’t include balding and a lack of testosterone. Really puts things in perspective.
I feel like you just hate the idea that somebody might want to exercise or do something that gives them a sense of accomplishment and that they are proud of.
But hey, I guess there’s always Plan B: tweeting photos of brunch like everybody else, because that’s much less annoying.
I don’t eat good breakfasts, I’m in like a granola bar or toast category, but I honestly hate trying to down greasy cheesy fast food for breakfast. Sounds like such a terrible way to start the day.
Bingo.
Also I’m going to try and post one of all of these now.