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His point still stands though, we are doing things to maximize money because we are hugely indebted from students loans, rent, and medical bills. Scott Galloway
by raziel2701 6y ago
His point still stands though, we are doing things to maximize money because we are hugely indebted from students loans, rent, and medical bills. Scott Galloway mentioned in a podcast how he went to business school and paid $1000 in tuition and got a job after graduation that paid $100k. That's a 100:1 ratio that you can't find today. Today that same business school charges $70k and you get a job that pays $140k, that's a 2:1 ratio.
He also talked about how he was able to buy into amazon stocks when it was $60. If you are just starting your career you're jumping into a world where everything is at an all time high, that includes housing as well, every decent asset is currently at an all time high and we know that there's no room for us.
So we're left out of the big party, and we're scrunching to try to survive as we cope with our depression and anxiety about what an insecure future we have with climate change looming in the distance. Yes, take a job for the money. It's the only chance you have.
- ramblerman 6y ago> He also talked about how he was able to buy into amazon stocks when it was $60. Lol, there are a lot of stocks now at 60 you could buy that may turn out to be big winners. What kind of argument is that?
- raziel2701 6y agoHe dollar cost averaged over time. You can't do that with everything being overvalued.