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Extreme Saving: A Man, His Van and Five-Figure Debt

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Re: Extreme Saving: A Man, His Van and Five-Figure Debt

#51
post #28

He wanted to pay off his school loans so he could "feel like a free person." Now his entire life revolves around being a slave to his debt (living in a van in remote Alaksa, etc). To each their own. But to me, this doesn't seem more free.

Consider the fact that his degrees are in fields that can be learned for free on the Internet and at the library. $100k in debt for History and English? Ridiculous!

Re: Extreme Saving: A Man, His Van and Five-Figure Debt

#52
post #19

"Plus, I was graduating with a degree in English and history, which, though valuable to me, is more or less monetarily worthless." I can't imagine spending tens of thousands of dollars on something that is monetarily worthless just because it is of personal value to me. That seems incredibly self indulgent.

incredibly self indulgent How? There are people who spend thousands of dollars on shoes, clothes etc. Heck, how many of us here spend tons of money on the latest gadget? Compared to these, spending money learning something just because he wanted to, is way better. And in any case, it is his money (well, it was a loan, still..), so he can spend however he wants (same goes for people who spend tons of money on the late…

You can absolutely spend however you wish. The fact is we live in a pretty self indulgent society. Yes, if you spend thousands of dollars on shoes (per year, lets say) I'd consider that to be pretty self indulgent. But if you can afford it, why not right? I think where it gets a bit unreasonable is when you have to start living a lifestyle that you'd rather not live because of your self indulgence. Though I'm not sure that is the reality in this case.

Re: Extreme Saving: A Man, His Van and Five-Figure Debt

#53
post #28

He wanted to pay off his school loans so he could "feel like a free person." Now his entire life revolves around being a slave to his debt (living in a van in remote Alaksa, etc). To each their own. But to me, this doesn't seem more free.

Consider the fact that his degrees are in fields that can be learned for free on the Internet and at the library. $100k in debt for History and English? Ridiculous!

[deleted]

Re: Extreme Saving: A Man, His Van and Five-Figure Debt

#54

"Plus, I was graduating with a degree in English and history, which, though valuable to me, is more or less monetarily worthless." I can't imagine spending tens of thousands of dollars on something that is monetarily worthless just because it is of personal value to me. That seems incredibly self indulgent.

Really? When I hear self-indulgent I tend to think of your average American couch-potato lifestyle. This type of self-indulgence where you engage your love of learning for learning's sake doesn't really seem so bad in the grand scheme of things.

His self indulgence resulted in a debt burden his felt quite threatened by. I'm not saying it's so bad though.

Re: Extreme Saving: A Man, His Van and Five-Figure Debt

#55
post #28

He wanted to pay off his school loans so he could "feel like a free person." Now his entire life revolves around being a slave to his debt (living in a van in remote Alaksa, etc). To each their own. But to me, this doesn't seem more free.

Consider the fact that his degrees are in fields that can be learned for free on the Internet and at the library. $100k in debt for History and English? Ridiculous!

You are missing the point. Face to face relationships are invaluable and are the most important part of a good education. In liberal arts, there aren't dozens of high-quality, responsible IRC chatrooms, say, devoted to the intricacies of Nietzsche like there are rooms devoted to a single programming framework.

Re: Extreme Saving: A Man, His Van and Five-Figure Debt

#56
post #55

Earlier quoted context omitted.

Consider the fact that his degrees are in fields that can be learned for free on the Internet and at the library. $100k in debt for History and English? Ridiculous!

You are missing the point. Face to face relationships are invaluable and are the most important part of a good education. In liberal arts, there aren't dozens of high-quality, responsible IRC chatrooms, say, devoted to the intricacies of Nietzsche like there are rooms devoted to a single programming framework.

No, I'm not. Face to face relationships don't cost $30k+ a year. You don't have to go to school to meet people. If you're going into debt just to meet people then something is deeply flawed.

Re: Extreme Saving: A Man, His Van and Five-Figure Debt

#57

"Plus, I was graduating with a degree in English and history, which, though valuable to me, is more or less monetarily worthless." I can't imagine spending tens of thousands of dollars on something that is monetarily worthless just because it is of personal value to me. That seems incredibly self indulgent.

So uh. What do you eat? Any hobbies? Pay more than a couple grand for a car? Underwear, do you own any?

Not sure why you're interested in my personal situation but here goes.... Food is a necessity - plus it's not monetarily worthless.

I don't spend tens of thousands of dollars on my hobbies - they're near free.

I sold my car last year and don't plan on buying one again. But when I purchased it, I definitely made a self indulgent choice. I don't claim to be immune to temptation. But more to the point, it was never monetarily worthless and didn't put me tens of thousands of dollars in debt.

Underwear? I'm not sure what kind of fancy underwear would cost tens of thousands of dollars, but I'd definitely like to know more about that.

Re: Extreme Saving: A Man, His Van and Five-Figure Debt

#58
post #11

"Plus, I was graduating with a degree in English and history, which, though valuable to me, is more or less monetarily worthless." I can't imagine spending tens of thousands of dollars on something that is monetarily worthless just because it is of personal value to me. That seems incredibly self indulgent.

I'm pretty sure food falls into that category. :P Edge cases aside, surely 'learning how to think' or indeed just learning is tremendously valuable - surely the ultimate value that all other kinds are implicitly converted to (cf. heat in thermodynamics[1]) is 'personal value' such as satisfaction? [1]: A simplistic view, please don't flame me. :/

Valuable for sure.

A lot of things are personally valuable but you don't necessarily spend tens of thousands of dollars on them - especially when they have no monetary value. And you have no real income.

Re: Extreme Saving: A Man, His Van and Five-Figure Debt

#59
post #55

Earlier quoted context omitted.

You are missing the point. Face to face relationships are invaluable and are the most important part of a good education. In liberal arts, there aren't dozens of high-quality, responsible IRC chatrooms, say, devoted to the intricacies of Nietzsche like there are rooms devoted to a single programming framework.

No, I'm not. Face to face relationships don't cost $30k+ a year. You don't have to go to school to meet people. If you're going into debt just to meet people then something is deeply flawed.

You're still missing the point. :) Repeated face-to-face conversations with experts and other students (i.e. a classroom learning environment) is not the same as sitting alone, in the middle of nowhere, in front of a computer.

Re: Extreme Saving: A Man, His Van and Five-Figure Debt

#60

"Plus, I was graduating with a degree in English and history, which, though valuable to me, is more or less monetarily worthless." I can't imagine spending tens of thousands of dollars on something that is monetarily worthless just because it is of personal value to me. That seems incredibly self indulgent.

Not everybody is a rational, utility-maximizing machine. This "something" has less substance than a durable good but may provide a great deal of subjective value.

And, as for myself, rather than questioning the value of such an education in the first place, I consider it a problem that this it's as expensive as it is.

I also consider myself lucky that my passions and desires happen to align with -- or are at least complimentary with -- my economic interests.

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