4 ms·

not for nothing, but if he's crushed by debt why is he only working a warehouse job. Deliver pizza or work a second job, use that extra income to rapidly pay d

by phn1x 17y ago

not for nothing, but if he's crushed by debt why is he only working a warehouse job. Deliver pizza or work a second job, use that extra income to rapidly pay down the debt.

rdj 17y ago
Because he is applying formula #1: go to college -> get A job -> make money Nowhere in there does it say he can get more than one job, start a side business, etc. He's stuck using a broken ideology, but that is apparently all he was taught during those years in college. Poor soul just doesn't know any better. But you are leaning towards a more logical, reasoned formula. Formula #2.
marcusbooster 17y ago
Working at a warehouse and delivering pizza to pay off $35,200 would take years, and effectively make his degree worthless by the time he finished. Declare bankruptcy, bootstrap your own biz, and wait out the next 7 years and he'll be good to go.
- phn1x 17y ago
  It would not take years. Practicing frugality and taking every last dollar would help the problem. He's got like 7k worth of credit card debt, which could be paid off in as little as 6 months if he really busted his ass delivering pizza at night. This is assuming he pulls in roughly 250 a week in tips and wages. and continues paying his 300 a month towards the credit card. Continuing, once the CC is paid off he will take that pizza delivery money and the 300 he has been paying and "snowball" that into the pay off of student loans. Listen to Dave ramsey's show and it's amazing some people pay upward to 45k in debt off in a matter of 18 months on a 24k salary. It's entirely possible if you have determination, but I don't think this guy does.
  - ibsulon 17y ago
    Right now, it's even hard to get a pizza delivery job. An acquaintance of mine has been searching for an engineering (not programming) job for months out of college and was excited to get a paper boy job. (He's okay financially due to an understanding fiance, but worried that he will never end up in the field.)

by phn1x 17y ago

not for nothing, but if he's crushed by debt why is he only working a warehouse job. Deliver pizza or work a second job, use that extra income to rapidly pay down the debt.

rdj 17y ago

Because he is applying formula #1: go to college -> get A job -> make money Nowhere in there does it say he can get more than one job, start a side business, etc. He's stuck using a broken ideology, but that is apparently all he was taught during those years in college. Poor soul just doesn't know any better. But you are leaning towards a more logical, reasoned formula. Formula #2.

marcusbooster 17y ago

Working at a warehouse and delivering pizza to pay off $35,200 would take years, and effectively make his degree worthless by the time he finished. Declare bankruptcy, bootstrap your own biz, and wait out the next 7 years and he'll be good to go.

phn1x 17y ago
It would not take years. Practicing frugality and taking every last dollar would help the problem. He's got like 7k worth of credit card debt, which could be paid off in as little as 6 months if he really busted his ass delivering pizza at night. This is assuming he pulls in roughly 250 a week in tips and wages. and continues paying his 300 a month towards the credit card. Continuing, once the CC is paid off he will take that pizza delivery money and the 300 he has been paying and "snowball" that into the pay off of student loans. Listen to Dave ramsey's show and it's amazing some people pay upward to 45k in debt off in a matter of 18 months on a 24k salary. It's entirely possible if you have determination, but I don't think this guy does.
- ibsulon 17y ago
  Right now, it's even hard to get a pizza delivery job. An acquaintance of mine has been searching for an engineering (not programming) job for months out of college and was excited to get a paper boy job. (He's okay financially due to an understanding fiance, but worried that he will never end up in the field.)