Friday, August 29, 2014

BeCos(play) It's Friday

More mostly safe for cons below the break, as always bonus nerd points if you recognize a character.

Thursday, August 28, 2014

Beware: Sirens

In a likely futile attempt to save certain sailors from a premature trip to Davey Jones' Locker, I am posting the following cautionary images. More Not Safe For Seamen below the break.

Wednesday, August 27, 2014


Scotch Nature: Student Loans

I'm wading into the deeper end of the "not broke" pool today with student debt.

Let's start with a case study of a bight young married couple: he has graduated a protestan seminary and she has a BA in music. He wants to be a youth pastor and she wants to be a homemaker who helps in the "praise band" at church. The problem with this lovely lan is that they have a fairly modest level of student debt, $80,000 and $40,000 respectively belive it or not this is me likely understating how much money they are likely to owe with these degrees.

Now student debt, currently, has a very low interest rate, but guess what, it never goes away the principal amortization most people pay are akin to morgages. You cannot bonkrupt out from under it and it is one of the only things that will garnish even your social security. So let's say they only pay 2% interest.

Our bright young couple graduates(you still have to pay even if you don't) and amazingly gets their dream jobs. He now makes $21,000 per year as a youth pastor and she makes $3000 leading the praise band. They are now paying $2400 per year in interest. So instead of staying home with their first child she now has to go get a part time job making $12,000 per year while paying $6000 in child care and other expenses of working outside the home. Do I really need to say that their marriage isn't as happy as if they didn't have to pay a thithe  to their debt before they even have tithed their church?

I am currently enrolled at my local state university for 12 credit hours this semester my bill came to a bit less than $2500(I'm not living in a dorm). If I were trying to do a whole BA in four years it would likely be less than $3000 but let's round up.

So if you aren't paying for dorms(you live with your parents) a full four years would come to around $24,000 at about $6000 per year.

Now let's go back to our young couple and assume they both worked part time, got as many hours as possible at a state or community college, and only have an aggregate student debt of $40,000. $800 in interest expense a year still isn't good but it isn't going to derail your personal or professional dreams.

Other options include:

  • GI Bill: This is probably why grandpa didn't have a student loan payment, he exchanged a few years of shooting commies for his education. This is being stupidly tightened up by our government but it still is there.
  • Student Loan Forgivness Programs: For example a friend of ours went to teach at a poor rural school that didn't pay very well but would forgive her student debt in 5 years, probably boosting her real salary by $10,000 per year. Another friend did even better with social work and a masters degree in the same.
  • Higher Paying More Employable Fields: Let's face it $120,000 in medical school debt is a lot more manageable than $120,000 in seminary debt.(or at least it was before Obamacare) So go into some STEMM field that will get you a salary that can actually pay off that debt, because the only thing sadder than a Feminist Art History major working at Starbucks is one who also has a 100k in student debt.
Of course if you want to save your children or grandchildren from this particular learning experience you could make interest work for instead of against you by socking some money into a 529 account. It does give you some tax benefits,  just don't expect immediate gratitude unless you have very mature children/grandchildren. That comes later when they see that they can buy a house or feed their families without foodstamps while their college friends can't.

Sunday, August 24, 2014

Swept under the rug so hard, that they swept the rug into the closet

Prosecutors: Suspect Charged In Murders Of NJ College Student, Seattle Men Was On ‘Bloody Crusade(blogger's edit: Jihad)’ To Punish US
So what's a media to do when one of their groups of special protected people starts killing another group? I can't say for certain but their feet see to be wet and they're looking at some pyramids.

Let us be clear a group of Muslim men used a gay hookup mobile app to murder four gay men. Of course this will never even get a hearing as a "hate crime" or a minute of national press coverage.

ht: Gateway Pundit

Friday, August 22, 2014

BeCos(play) It's Friday

More Mostly Safe For Work(if you have a cool boss), and as always bonus nerd points if you recognize the character being portrayed.

Wednesday, August 20, 2014

Scotch Nature: The Lottery

Lottery: A tax on people who are bad at math.

Marx was wrong, religion isn't the opiate of the masses; lottery tickets are.

Working at a convince store in the past I observed people who could ill spare $10 or $20 buying putting every spare dime into scratch-off tickets. Even worse whatever was won on these would be used to buy a continuously diminishing supply to buy still more tickets. Of course everyone traded stories of the few who "hit it big" almost like a religious litany.

So let's look at how much a modest $20 per week lottery habit adds up to:

So my state's scratcher's games pay out an average of 69%  meaning that your $20 is now $13.80 but you just have to go back and get some more tickets to "win big" so now your $20 is $9.52. I'll give people an overly large bennifit of the doubt that they stop there.

So our hypothetical modest lottery player is paying the state $10.48 every week or $544.96 every year.

So combined with last week we are up to a total of $804.96 from brown bagging it and failing to contribute to a non-mandatory state tax.

Tuesday, August 19, 2014

Have You Met Lydia?

More Barely Safe For Work, but not at all safe for those of you who don't like tattoos on women, below the break. You have been warned.

Tuesday: Tapp, Rack, and Bang