247
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 27 Jan 2024
247 points (96.6% liked)
News
23305 readers
3688 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
The only thing you should realistically go into debt for is a house. The other stuff should really only be a last resort.
If one intends to use education as an investment (as in, for the realistic purpose of increasing the market value of your labour), it might be the case that taking debt for that is a good economic decision as well.
I mean, that really depends on a lot of variables whether it's worth it or not. You should definitely explore any opportunity where you avoid taking on debt (community college, learn a trade, getting the debt forgiven with volunteering programs, studying abroad, studying in your own state,...).
You're kinds muddling three related but distinct concepts here: "what do I want to do with my life?", "What can be done to minimize the cost of education", and"does it make sense to go into debt to obtain the thing".
Someone could (and should) brainstorm all kinds of options, but at the end of the day, (for most of us working class), we're still faced with the proposition of either taking on some amount of debt, or deferring to save money to pay outright for the thing.
It's not my place to tell people what they should do with their lives, but given the general question of "should I borrow money to do X", it just comes down to "does the value over the time of ownership exceed the cost of servicing the debt".