HEY, SENIOR SYSADMIN FOLKS want a job?
my company, upromise.com, is looking for a senior sysadmin. we're also looking for a dba and some other jobs.
if you're interested, shoot me your resume here and i'll forward it on to the right people.
if you're interested, shoot me your resume here and i'll forward it on to the right people.
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for when the kids go to college? Surely it's far more expensive for
the kids to not go to college! That, I would think is
the contingency you want to save for.
If the kids go to college, your family's future income (even net of
education costs) will be going up, not down. That's the case where
you want to borrow against your future good fortune.
If they don't go to college, that's the case where they're gonna
need more support and a bigger inheritance. The less likely they are
to go to college, the more you ought to save.
How is it that the whole world has this backward except me?
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It's still the case that if the kids go to college, the total pot
(parents' income plus kids' income minus education costs) is going
to be bigger than if they don't go.
With a bigger total pot, everybody--both the parents and the kids--
ought to be living better, starting now. If there's going to be
money in the future, you don't want to wait till the future to start
spending it.
When the total pot is smaller---that's when everyone should be scrimping
and saving.
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Wow.
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them after they're no longer in school?
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where parents save up to support their reasonably healthy, functionally intelligent, and able-bodied children
I mean, it's the difference between "I'll buy you a hammer" and "I'll pound your nails in for you for the rest of your life."
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dollars to your kids. Would this make you feel richer or poorer?
Surely it must make you feel richer. You can, if you want, let your
kids keep the ten---or you can negotiate with them and say "If I do
this I want five back". That's up to you. But your family as a
whole is richer now, not poorer. That means you need to save less.
College is an offer just like that: Give us money now, and we'll
give your kids a whole bunch more money back later. You can split
the winnings with your kids any way you choose to negotiate, but the
bottom line is that you just got richer and the pressure to save
should be reduced.
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"Give me a dollar, and I'll give ten
dollars to your kids"
"I don't have a dollar."
"Oh. Well, sucks to be you."
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borrowing the dollar, not saving it.
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Remember that most of these parents are mortgaged up to their eyebrows and running high levels of credit card debt already. They simply don't have the wherewithal to borrow the quarter- to full-million it'll take to put the kid through. Sure, in an ideal world you're right, borrowing pays off in the long term. But in the real world such cash flow isn't always (or even very often) possible.
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Probably because everyone but you is an idiot.
On the other hand, perhaps not everybody runs their family exchequer as one big pot into which adult children contribute. In the case where they do -- live at home, pay a share of the mortgage and expenses, etc. -- the "family's future income" is a meaningful number. Otherwise, it isn't.
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from time to time, even after they've grown, and most parents
try to leave positive bequests. If your kids are going to be
better off, you can afford to help them out a little less and
spend a little more of their inheritance.
Or, if you're the sort of parent who *doesn't* offer this kind of
help, then you can always quite cold-bloodedly negotiate with the
kids: "I'll pay for your college, but you can pay me back later
at a hefty interest rate."
So whether you're a very giving parent on the one hand, or a very
non-giving parent on the other---either way, an increase in your
kids' future income should allow you to live better, starting now.
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If you're the sort of parent who does offer help, why then, there's no need whatsoever to save either, because of course you'll have an extra $45,000 per year to pay for college when the time comes. Assuming college costs don't go up between now and then. And they never do.
You could be the only person in the whole world who's right on this, but somehow I doubt it.
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Lemme know if you ever need any tech writers or training people ;-)
(and hi after a long absence)
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Experience at sites with over 1,000 computers, over 1,000 users, or over a terabyte of disk space.
these days, it's pretty easy to find folk who have a terabyte of disk space on their home MP3 server :-)
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it's true!
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