The
very ease of getting a student loan plus the financial ignorance of
the students have been exploited by colleges to raise tuition, plus
room and board, much faster than inflation and also to expand their
Administrative staffs to bloated levels while paying ridiculous
salaries to "star" professors. Given that over half of
college students never graduate, no student should get a college loan
for the first two years. Let them go to cheap Community colleges
instead (and work part time if they need to). If they don't drop out
after qualifying for their junior year, then consider college loans,
but put a cap on it of no more than $15,000 a year. Also, no loan
unless the college the student plans to transfer to, accepts all the
student's college earned credits to be transferred (otherwise,
expensive colleges will deliberately reject many of the credits
forcing the financially naive student to spend more time and money at
the college he/she transferred to). Some Community colleges have
expanded from two years to four years. Encourage more to do so. That
way, many more students could graduate inexpensive colleges without
the need for student loans. Now, with less demand for their services,
the expensive colleges will be forced to compete for students by
lowering costs to reasonable levels and also utilizing alumni
donations to help students instead of constructing new buildings and
monuments to themselves. Everyone benefits.
Getting it Right - Welcome
The goal of this blog is to publish my thoughts on a variety of economic and political topics in the hopes that people who find them educational or beneficial will utilize them and/or forward to others who might find them interesting and/or worthwhile to promote to others, possibly including politicians who can push some of these ideas to fruition. The topics in my blog are meant to be of value on a long term basis, not a daily diary or political issue of the day log. If the information posted is useful to you, by all means utilize it and/or forward it as you see fit. If not useful, then merely ignore it. There are no universally agreed upon truisms and too little tolerance between some of those with opposing viewpoints to successfully convince the people with hardened opinions to move away from them. I am an analytical type person who will try to be as factual as I am able.
I disdain the current popularity of name calling and condemnation of viewpoints with no factual alternatives or logical solutions given that I see so often. If you don't have a solution based on fact and logic, then opt out of the discussion because you have nothing to contribute. My background is a degree in Economics from the University of Michigan and 39 years working in middle management jobs for a major retailer. My opinions are forged on the personal experence of life, family, friends, and work as well as triumphs and mistakes that I have made and hopefully learned from. My hope is that this blog helps you.
My first topic will be about personal finance. I chose that one first because most of us work long and hard just to survive but not all of us realize our dreams of becoming financially independent from the labors of our work. Much of our political votes/thinking also focus on the economy and in particular how well we are personally doing financially.
It is relatively simple, without sacrificing the enjoyment of living for 'today' and even at moderate incomes, to retire as a millionaire or multi-millionaire, if you focus on that goal consistently from a young age. It is also simple to ensure that your child or grandchild retires rich. It merely requires a one time gift of just $2,000 invested wisely and the passage of time. Please read my first post on this blog to learn more.
An index/schedule of past and future posts and their dates will always be updated so that it becomes the first post that you see below. If the date of a post that you wish to read is preceded by the word "Posted", then find it below or click on the title in the Blog archive to review.
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