4 ms·
> how many people can realistically pull $120,000 from friend and family _and_ expect to pay it all back? Taking everything said at face value, you pay 120k f
by fwn 7y ago
> how many people can realistically pull $120,000 from friend and family _and_ expect to pay it all back?
Taking everything said at face value, you pay 120k for 6 years in the job market. That's 20k a year, without interest.
edit: please don't read this as an "oh, only 20k a year" comment. My intention was just to make the number approachable by connecting it to the given return.
In the same way one would explain unreasonably high college expenses.
- cameronbrown 7y agoThat's more than half of some (most?) peoples' salary.
- metaphor 7y agoOn top of all other typical expenses and obligations, that's effectively a respectable mortgage that most households in the US[1] likely wouldn't be able to afford. It's a pretty ridiculous financial burden to shoulder for anyone who isn't in roughly the top 10th-percentile income bracket. [1] https://www.census.gov/library/publications/2018/demo/p60-263.html https://www.census.gov/library/publications/2018/demo/p60-26...
- lm28469 7y agoKeep in mind that in the us the median income per capita is less than 32k. It's hard to save 20k a years on that kind of revenues.
- jandrese 7y agoTry getting a high paying job with a criminal record. Even if you were acquitted. And going to trial with an expensive lawyer is not guarantee of success. You may have an actual criminal record and years in jail before you can begin to pay that back.