Cyrano4747 posted:

Ivies and small LACs are garbage for this and assume that anything that isn't done in-house is poo poo. It's an attitude based partially on assumptions about how superior their classes are and partially in ideas about how they are bringing you in for four years not only to educate you but to "shape you as a person" and exposing you to four years of their institutional culture is part of that.

Whether 4 years of being at an Ivy makes you a better person I'll leave up to you to decide.

Thanatosian posted:

As far as I can tell, all four years in an Ivy league school teaches you how to do is get the U.S. into a land war in Asia.

Cyrano4747 posted:

Ivies and small LACs are garbage for this and assume that anything that isn't done in-house is poo poo. It's an attitude based partially on assumptions about how superior their classes are and partially in ideas about how they are bringing you in for four years not only to educate you but to "shape you as a person" and exposing you to four years of their institutional culture is part of that.

Whether 4 years of being at an Ivy makes you a better person I'll leave up to you to decide.

Haifisch posted:

It gets better when you read his ideas about how you should pay for college:


I want to live in the world these Budgeting Gurus live in, where everyone lives in a small town with reasonably priced houses, is able to bike to everything they need, can pay for college with a part time job, and never has to take on debt for anything or get financial assistance from their parents. It sounds like a nice place.

Thanatosian posted:

As far as I can tell, all four years in an Ivy league school teaches you how to do is get the U.S. into a land war in Asia.

Cyrano4747 posted:

Subsequently he paid for his stay at home wife (previously also a drop out from same school) to attend a crazy expensive LHC with low admissions standards because he thought someone in the family should have a degree and be a good example to his daughter.

Risky Bisquick posted:

Sales is sink or swim though, you either have the chops or you don't. Successful sales people, as mentioned, end up selling more expensive items to maximize their commissions, where as the unsuccessful ones end up at used car dealerships or working salary cold calling to sell stacks of paper. People who under perform get let go very quickly.

Shipon posted:

Ivies aren't actually good institutions of learning, they're inflated prep schools for the elite who run this society to maintain their class status and meet with others who do the same. Letting people come in from the outside would give them a false sense that their experiences elsewhere were just as valid as those within - clearly this cannot be tolerated.

I don't know how other states do it but California's community college -> state university program is pretty drat good, I think only one or two of my classes didn't transfer over fully and it was because there wasn't a 1-to-1 overlap in what was being taught.

GoGoGadgetChris posted:

Does anyone at all feel that their own personal college experience was BWM? A waste of time? Or is the discussion regarding the value of college For Others?

Cyrano4747 posted:

Getting my degree was by far the worst mistake I've ever made.

Don't get me wrong, I enjoyed it, but it was profoundly BWM/BWL.

Cyrano4747 posted:

Ivies and small LACs are garbage for this and assume that anything that isn't done in-house is poo poo. It's an attitude based partially on assumptions about how superior their classes are and partially in ideas about how they are bringing you in for four years not only to educate you but to "shape you as a person" and exposing you to four years of their institutional culture is part of that.

Whether 4 years of being at an Ivy makes you a better person I'll leave up to you to decide.

quote:

Does anyone at all feel that their own personal college experience was BWM? A waste of time? Or is the discussion regarding the value of college For Others?

therobit posted:

My degree is not in any way connected to my job but I think I learned some skills getting through a 4 year state school and getting a BA that do inform my professional life.

My parents helped me though and I came out with only minor student debt as compared to younger millennials so I'm not sure how I would feel about it in a different scenario. A graduate degree in history might leave one in a lot more debt than I have, and I could totally see regretting the debt and/or opportunity cost.

Sundae posted:

Funny... my STEM degree from an Ivy was both difficult AND was good with money!

*points nose of the plane straight down*

Sundae posted:

Funny... my STEM degree from an Ivy was both difficult AND was good with money!

*points nose of the plane straight down*

FrozenVent posted:

See this is why pilots don’t need college degrees.

SpartanIvy posted:

Just if you don't think dick sucking won't be one of the first things automated

Simpsons Reference posted:

Too long for a thread title



Also nobody cares who in here graduated from college with no debt. There's been a bunch of self-post reports lately, so try to keep that in mind. I graduated without any debt, but you don't see me talking about it.

(USER WAS PUT ON PROBATION FOR THIS POST)

https://www.reddit.com/r/personalfinance/comments/be1b56/my_parents_did_not_pay_taxes_for_10_years_they/ posted:

A lot of this information is coming second hand from my sister, so I apologize if I don't have all of the details.

My parents both work in education and have been very bad with finances my entire life. They declared bankruptcy after taking a mortgage for a house they couldn't afford and for other tax and debt related issues. Both of them quit their jobs to focus on multi level marketing schemes shortly before this happened and are still involved with various multi level marketing schemes to this day. My dad collected his retirement early after quiting his tenured teaching position to start his own small business that eventually failed. My car and my parents cars were impounded because of unpaid debt (the title of my car is still my dad's name). My sister bailed them out by paying close to $5,000 to help settle their debt and to recover their vehicles.

They have since both gone back into education have steady incomes, but continue to live in a large house that they rent at ~$2,000/month even though it's only my parents in the household. My sister and I have tried to convince them to downsize or move into an apartment to reduce this expense but they either can't or won't.

A few months ago I was doing laundry at my parents house while they were both at work (my washer was broken and was being repaired) and a man incessantly knocked on their door. I didn't answer since I assumed it was a salesman and it wasn't my home. When I left I saw an IRS notice taped to their door. I didn't approach the subject with them but mentioned it to my sister to see if she knew anything and she did not.

Fast forward to today. My sister called to update me on the IRS situation. My parents did not pay their taxes for close to 10 years. On the day of my wedding two weeks ago their accounts had been frozen. They have agreed to a payment plan with the IRS for a sum of $16,000 and have 6 months in order to repay or their accounts will be frozen again and I'm assuming their assets (cars) will be seized. My sister and I know that my parents won't be able to pay the IRS that amount in only 6 months. Not only because of their salary, but because of their expenses as well. We both feel trapped and are worried about our parents future and their ability to support themselves through retirement. My sister doesn't want to help them out because she doesn't want to enable their irresponsible behavior and become a safety net for them, and I am on the same page with her. I still want to help them, but I want them to be able to help themselves.

We've decided to have them sit down with my brother-in-law as a neutral party to help them come up with a budget and financial plan for their future and figure out if there's a way to for them to make the payments to the IRS on their own. My sister and I will sit down with them separately to be open and upfront about our unwillingness to help them after how irresponsible they've been.

Beyond that I have no idea what else to do. Again, they have no idea that I know and generally keep their financial problems private from me. I've worked very hard over the last few years to work out the bad financial habits that they instilled in me and I'm able to be in a steady place financially thanks to learning many habits here and through my wife, but I'm not equipped or prepared to handle this.

What are my parents options? Should they consolidate through a tax consolidation company, or could that make them worse off? Should I offer to loan them money?

Sorry for my rambling. Any help/advice would be greatly appreciated.

TL;DR: Found out my parents owe the IRS $16,000 in unpaid taxes over the last ten years and I don't know what to do or if I should help them with their debt

Krispy Wafer posted:

Only about 25% of the population has a college degree. Now granted all those Boomers who walked into a Fortune 500 country at 18 and got a job they worked for the next 40 loving years may be skewing those numbers, but we will never have 50+% college graduates in the workforce. A degree will always make you a better candidate. The unemployment rate for college graduates is about 2% and it increases at a much slower rate than the overall unemployment rate during a recession.

Haifisch posted:

Hey look, content!

My parents did not pay taxes for 10 years. They now owe the IRS $16,000 and have 6 months to repay. They don't know that I know this and I have no idea what to do.

Lowness 72 posted:

What about METS degrees?

Oil! posted:

GWM for Bobby Bonilla.

John Smith posted:

Shouldn't GoGoGadgetChris be banned from this thread, the same as TB and I? In all fairness and all.

Ixian posted:

True, some planes point the nose down for them.

KingSlime posted:

Haifisch posted:

They have agreed to a payment plan with the IRS for a sum of $16,000 and have 6 months in order to repay or their accounts will be frozen again and

bad with money nerd posted:

I am using a throwaway since I am moderator on several of the subs that have to do with my hobby of cosplay, anime and hentai. 

This is one of those ones where I see my self as being 80% right but I want to be fair because honestly I depend on my parents for a lot of stuff (rent, tuition, food, car insurance). 

I am huge into cosplay and gaming. It has been my dream to go to a big convention in my cosplay. A friend suggested we got to LVL UP since it has everything we like. The badges aren't super expensive but we decided we wanted to super splurge on accomodations so maybe we could host parties in our room. So the total cost of my trip including everything (airfare, room, estimate for food, badge) is about $3500. I had $2000 that I was supposed to pay towards my credit card but I decided to get the rest I would get a pay day loan this was back in march so the trip is all paid for. 

I wanted to keep it a secret from my parents but I accidentally missed my first payment to the pay day loan and for some god knows how reason the people at the pay day loan place did a search for my name since I as ducking their calls until I could borrow some money from a friend and they called my parents home number looking for me (I can't even imagine this is legal!?!) 

So here's the deal, I'm no like so dense that I don't understand I messed up. I mean I know that I NEED to pay my debts. But here's the deal, I mean I'm only in college once and I only get to do things like LVLUP while I'm young. I also think this was a very normal mistake and my parents should give me enough room to make mistakes and learn from them. 

But my parents are freaking the hell out. My dad has basically said this is it, that after the credit card debt and my grades and now the pay day loan and missing a payment I have shown a level if irresponsibility that he can't trust me any more and I either move home to go to community college and work for his company or he cuts me off for good. As harsh as that was my mom was even worse and she literally screamed at me like cussing names and told me that they didn't raise me like this and I acting like a "spoiled Instagram rear end in a top hat." 

edit: just for clarification I'm 20f. 

Like I said I KNOW I messed up, but am I really an rear end in a top hat?

Ixian posted:

Something's off with this story. I don't think the IRS sets such low repayment deadlines - the streamlined plan for amounts between 10k-25k is 72 months, for example.

The parents are spinning another tale to their children here, one that ends with a request for money.

tater_salad posted:

Stolen from relationshits thread.

Krispy Wafer posted:

That threw me off too. I know a guy whose had to take out installment loans with the IRS before and they're generally cool with extended terms. They may not like the amount you're offering to pay each month and will counter based on your income, but they don't give you a six month deadline.

Are they asking for the balance in iTunes gift cards too?

KingSlime posted:

What why? GGGC is alright

Hutzpah posted:

I like that she made a throwaway account because she doesnt want to tarnish her sterling reputation as the moderator of a hentai subreddit.