What do Penn State, Texas A&M, University of Illinois, Purdue, and Arizona State University have in common? They are considered the Top 5 best schools in the nation according to recruiters! Wall Street Journal has this unique ranking system where they essentially ask corporate recruiters to rank their best schools.
I’ve seen a lot of college surveys before, and not once have I ever seen any of these schools in the Top 5, let alone in the top 10. Let’s be honest, for the same cost, would you go to one of these schools over Harvard, Yale, Penn, MIT, Michigan, or Berkeley? Most would say “probably not,” so what gives?
Let’s have a look at why recruiters are so excited about these schools. Read more…
It’s safe to say that before you began reading this post, you had no idea you were blinking. Blink, blink, blink. Whatcha going to do about it now that you are aware of your fluttering eyelids? My guess is that your memory will last as long as a gnat, and you’ll forget as soon as you finish reading this post.
It’s amazing how we can blink roughly 36,000 times a day and not even be aware. Yet, if we were to be consciously aware of our need to blink, we’d probably drive ourselves mad. How great it is that our bodies protect ourselves from insanity by doing the things for us we have no desire of doing ourselves.
Good day brilliant minds! I thought it would be helpful to do a recap of the conclusions from this past week’s posts given we had over 200 comments. We talked about three important subjects: Happiness, Taxes, and Net Worth.
The purpose of these articles is to get people thinking about issues so we can be more open minded. If anybody has ever participated in the case study method of learning in graduate school or elsewhere, you’ll know that there isn’t a right answer so much as a right direction. It’s so easy to get caught up in your belief that your way is the right way. That’s a dangerous, dangerous path to take!
One of my old friends, Peter mentioned the other day that he got engaged. He’s 37 and she’s 28. They met about 4 years ago at a bar when he was somewhat inebriated but immediately hit it off.
Peter isn’t exactly the most studly looking guy standing at 5′ 7″ with a belly hanging over his belt, but he’s kind. They are two months into their engagement and don’t plan to get married until next summer. All was going well until one night, Peter’s fiance Nancy inquired about when she could upgrade her engagement ring!
I ran into one of my golfing buddies the other day while waiting for a colleague. Greg the golfer is an every day fella who so happens to be worth north of $20 million dollars. I don’t know exactly how much he makes a year, but it’s likely at least $3 million during normal economic times. He’s a powerful man who deserves everything he earns, but sometimes he’s just vexing.
We got to catching up about the latest gossip on tour when he asked me if I wanted to grab a coffee at Starbucks. I told him I was good, largely because coffee hurts my stomach, not to mention I’m supposed to be waiting for my colleague at this exact spot and time to attend a meeting. Greg responds, “Of course not, you are so cheap!” in a snide, but joking sort of way. Unfortunately, every joke has a meaning, and being called cheap is one of the most annoying things to ever hear.
Last night I got a written notice in the mail informing me that my tenant of 2.5 years is moving back East! Can you believe it? How could he leave paradise to move back home to the sweltering heat of New Jersey? I will never know. Anyway, I’m really sad to see him go because he was as close to the ideal tenant as possible.
Ned paid on time, was quiet, held no raging parties, and never bothered me to come fix anything. OK, so there were several times when he needed an extra week or two to pay rent, but in the end he always delivered.
As a landlord for many years, here are the basics of what I’m looking for in a tenant:Read more…
The reason why Warren Buffet is so great is because he’s able to distill the most complicated financial topics into very simple terms. Lucky for us, there is someone like Warren in the economics world. Regular reader, Investor Junkie who disagrees with the government’s unemployment insurance extension, but agrees with the cessation of rising taxes, highlights a fantastic video by the great economist Milton Friedman about four different ways of spending money.
Professor Friedman’s examples are simple and perfectly to the point. In an environment where we are spending other people’s money on someone else (deciding how other people’s tax dollars are spent), we don’t maximize the value of the dollar because we simply don’t have much at stake.
Professor Friedman highlights that people spending someone else’s money on others is a “distributor of welfare funds.” Strong words with a certain amount of truth wouldn’t you agree? In “The Ultimate Solution To A Fair Tax Policy In America”, I discuss the concept of limiting the voting ability of the 47% of non tax paying Americans on raising taxes for the other 53%. Don’t worry, voting rights for everything else is status quo. The reason why I suggest this rational solution is because it makes sure the country isn’t overrun by those who have their cake (don’t pay taxes) and get to eat it too (enjoy the benefits).
One can easily see an America where 90%+ of citizens don’t pay taxes and stick it to the 10% rich because it’s rational to look out for your own interests. It’s up to balanced people who believe in equity to continue fighting for those who perpetually get unfairly blamed for our economy’s problems. It really is ironic, because if everybody studied hard in school, volunteered their time to help others, and were self-sufficient (doesn’t have to be wealthy), America wouldn’t have nearly the amount of problems we have now!
The 4 Ways Of Spending
1) Spend your own money on yourself.
2) Spend your own money on somebody else.
3) Spend somebody else’s money on yourself.
4) Spend somebody else’s money on somebody else.
Readers, do you agree or disagree with Professor Friedman’s thesis that the 4th way of spending is the worst way of spending? If you do agree, why do you think people feel it’s OK to spend other people’s money as they wish?
Sam @ Financial Samurai – “Slicing Through Money’s Mysteries”
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