I've worked as a teacher for a year and I wouldn't say that shool is a waste of time. Especially the primary school. You can comparehow important it is by putting an average European next to an average person from Africa, where even primary education is lacking. Some of those people from Africa and the Middle East moved to Germany and here's the result:
Problems were particularly evident among students who have to attend so-called “literacy courses” because they lack reading and writing skills. The proportion of participants taking these types of courses has now reached 22 percent.
School is supposed to teach you how to learn, give you the basics and allow you to expand your knowledge. It teaches you how to read and write, how to speak in foreign languages, how to count and fill forms, how to write letters and applitactions. All good schools do that and without it you'll be lost in the modern world. Who cares about Tinder and social media, what is important is for you to be able to compile knowledge on your own, learn how to tackle problems, how to analyse situation and adapt. It teaches you to work on your own at home, it teaches you to work in a group of peers.
There'a many things I'd change, but that doesn't undermine the basic function of schools. They are important, they could simply teach more about history, economics, society, finances, politics... I'd be happy if my children didn't have to analyse boring poems, had less P.E. and were not taught religion.
Long post but food for thought
I have blatantly lied to my friends about student loans.
I feel fooled and bamboozled about the American dream
We heard about the years of incremental payments and the thrill of getting to a zero balance, but also about delayed weddings, tensions with your parent over your shared debt, and fading hopes of ever buying a home or saving for retirement.
It make sense that you have a lot of story about student debt. More Americans are taking out more in student loans and taking a longer time to pay it off.
Mans it’s fundamentally reshaping how you thin about the value of education and the milestone a of adulthood.
“You sort of feel lost and like you totally screwed up somehow because you just couldn’t figure it out,” q listener name Dena said about struggling to make loan payments ten years after college.” And the rest of the world is making money and paying their bills and there’s this subculture of individuals who are book smart and world stupid.”
“I don’t know how else to put it except that I almost made it.” A listener name sharif said. He put himself through school with loans to became a chemical engineer, but feels embarrassed by his six-figure debt and never talks about it. “I felt like a total complete idiot that I put myself in this position.”
For some of you, that’s embarrassment has become denial. “I just didn’t pay.” Jordan Gibbs told me about receiving her first student loan statement. “Like. I just felt like, how can you expect me to start paying you $700 a month? Which is just a crazy number I can’t even afford I pay rent.”
We picked through the stories to find some common themes. From these themes, we were able to draw some lessons that can be passed on to the next generation of borrowers.
2. Debt like a constrictorʼs coils
A young man contemplates student loan debt.
Total debt: $260,000
Location: Washington, D.C.
“Angie says that student loans dictate everything in her life: her decisions about jobs, children, marriage, buying a house, and saving for retirement. They also dictate her mental health.”
When youʼre a quarter-million dollars in debt, itʼs hard to focus on anything else. This is a rather common theme in many of the stories shared on Death, Sex & Money‘s project. Debt of this magnitude can have a strangulation effect, and as we know it is causing people to make big changes to their plans.
8. Be interested in interest rates
A woman discusses interest rates with a banker.
Total debt: $160,000
Location: Seattle
“I graduated from undergrad with no loans thanks to my parents help and scholarships. I was on my own for law school. While I have " great paying job and can afford to make my payments, what frustrates me the most is the interest rate. I have a mortgage, and the interest rate is 4.1%. My federal student loans (all are federal), range from 5% to 8%.” The lesson here is to pay attention to the fine print. You might not even consider the interest rates on your loans when youʼre young, but eventually, theyʼll hit you hard. Sometimes, " school loan will cost you more than a loan for a house.
9. Debt and marriage
When you get married, you marry that personʼs debt, too.
Total debt: $150,000
Location: Dallas
Kylee got a full-ride scholarship to college, but her husband has debt from his undergraduate and doctoral degrees. Then, she went for her MBA, adding to the coupleʼs debt. She once vowed never to go into debt because of her parentsʼ experiences, but now sheʼs facing loans. Sheʼs scared about what happens if thereʼs a crisis.”
A lot of people end up getting married. A part of that is knowing how itʼll impact your finances. Several stories similar to this one show up on Death, Sex & Money‘s project.
12. It can always get worse
A man deals with his student loan debt reality.
Total debt: $200,000
Location: Portales, New Mexico
“I incurred a lot of student loan debt earning a Ph.D. and a masterʼs degree. The job market in my field was so bad that it took years for me to get a job as a professor. I couldnʼt pay my loans because I had to work as an adjunct for years, and the pay was dismal. Now, I owe more than double my original debt just in interest and penalties.”
Yes, it can always get worse. Look at this personʼs situation, for example. They have somehow managed to go further in debt because they couldnʼt make the payments on the original amount. So, yes, the hole can and will get deeper.
... have been attempting to take responsibility for their unpaid loans and outstanding debts through life insurance payouts. In fiscal year 2005, 17 consumer loan firms received a combined 4.3 billion yen in suicide policy payouts on 4,908 borrowers - or some 15 percents of the 32,552 suicides in 2005. Lawyers and other experts allege that, in some cases, collectors harass debtors to the point they take this route. Japanese nonbank lenders starting in the mid-1990s begin taking out life insurances policies...
The conclusion of the post is that for someone to made a lot of money, some other people need to pay the blood price with their life, often time it’s the victims unconsciously walking into the trap without recourse and made the life most vulnerable mistake, student, youngsters, kids are often the ultimate victims to this dangerous traps. Although there is still some retiree fall into it, not unusual in the 1997/2008 that a lot of gullible people who loss their life saving into stock market bubble burst, property market burst, mlm, get rich quick franchise, banking scheme, all the mistakes that’s valuable “real education” that’s not taught at school, nobody can stop that. We absolutely hate scammers who rob people hard earned dollar, hate the get rich quick scheme that rob everybody valuable youth life, distract people by chasing false dream, and the entire banking system is running a ponzi especially the stock market, “any Tom and Dick can list their company on the stock market with the help of Morgan Stanley in 2008, with some listing fee, kinda same like how binance charging listing fee for many ICO IEO etc.” and many fools who get screwed of their life saving to buy the bubble created by the banking giant. All these scammer should be prosecuted and banned from living in our society. But up until now the scammers are still living and kicking strong, and their scams never stopped running, and the fools never stop sending money to them.