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Impending Student Loan Chaos - (From 09/06/23)
3 Plays11 months ago
1. What is your favorite and least favorite store and why? 2. Impending Student Loan Chaos 3. Should you accept a counter offer from your job? If not, under what circumstances should it be okay to accept a counter offer?
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Transcript
Introduction: Promises of a Fun Episode
00:00:02
Speaker
Hello, hello. Welcome back to another episode of amateur podcast. ah Once again, this is Thaddeus and I am joined by... Deron. Deron.
Deron's Stressful Job Change
00:00:18
Speaker
Yes. Welcome. This should be a fun episode. We got a lot of juicy tea to talk about, ah to discuss. um First and foremost, how was your, what is today? Wednesday. I gotta take the trash out after this. tra hey I did that yesterday. Get him in the future for you. Okay, but how was your day though?
00:00:46
Speaker
Well, it was a very stressful day at work. and then like you You too, huh? Yeah. I think it was cool. um You know, I. Um, I am making a job change and my last day is in two days. So with how important my position is at my current job, you can imagine the the chaos, um, that might be going on in there right now. Um, and today wasn't any different. Uh, it's kind of been like that for the past week or so. Um, it's just, it's been one of those weeks.
Teasing and Social Norms Debate
00:01:23
Speaker
Tell you, it really has. Um,
00:01:26
Speaker
Well, unfortunate to hear, but that's kind of what happened. I did catch you. I caught some Dave and Busters after to work, though. That was cool. OK, weird, but OK. What do you mean weird? I went with my co-workers after work. Oh, OK. I thought you just went by yourself. I was going to be like, OK. Even if I didn't go somewhere about myself, what you going to do, judge me? um Because I have some fun, some physical. No, that's like saying this. does no i'm not i'm not judging you i'm just saying that's like a little awkward because you went by yourself but you didnt okay but they sell alcohol like exactly it's even more awkward but any other bar you
Favorite Stores: Walmart vs Target
00:02:09
Speaker
chose a million bars you said nope i'm gonna go to the one that's themed around kids and drink by myself
00:02:16
Speaker
I mean, if you are a young adult who is also a child at heart, I feel like that's the perfect place to go if you just have a stressful day at work. I don't judge people for anything, but... You know why what? Whatever. That's all I have to say. A little bit weird. A little bit judgmental. Well today, on today's show, um you let's show, like we all can show. So we're going to talk about a few things. So one, you know, I love shopping. Shop till you drop. You know.
00:03:01
Speaker
a I'll get there in a couple of seconds, in a couple of minutes, but um I do want to, um today we want to talk a little bit about the impending student loan chaos that's ah kind of draped all over this country for obvious reasons. um You know, Deron, me and you being college graduates, of course we're a stranger to it.
Student Loan Chaos Begins
00:03:25
Speaker
yes um The other thing too, and this should be a little bit more of ah a, I guess a more fun conversation is you know basically about counter offers you get. you know Counter offers when you leave a job and you know ah your job makes that last effort to try to keep you by counter offering. um you know So we want to talk a little bit about if that's something that should be accepted and if
00:03:55
Speaker
um If not, which what circumstance would you have to be in for you to actually go against your own rule and and accept it? um But before we get started, so, you know, I love shopping, you know, I really do. um We have a question,
Least Favorite Stores: Family Dollar vs Aldi
00:04:13
Speaker
Doron. What's your favorites favorite store? I don't even have to think too hard about this. It's definitely more than normal. I could stay in. Okay. Live there you're gonna hate me for this, but I thought you'd want to say Walmart. I hate one I can't I Can't I can't either I'll go in there and grab a couple things but you know, they got low prices So I'll go in and grab a couple things, but I don't want to spend any time in there Anytime I go there. I'm like I'm here for the necessities. I'm getting my stuff. I'm leaving by I
00:04:50
Speaker
Um, in fact, I don't want to be seen here, you know, no but you know, that same vibe of I'm not, but anytime I go to Barnes and Noble, it's like, it's just chill, man. Just kind of just relax and get some books if you want. If you don't just chill and enjoy our atmosphere. And I'm like, um, off topic, but y'all just, y'all just miss me running to the kitchen to turn the stove off. Cause I forgot a pizza in there. Say what the heck? Oh my God. why
00:05:20
Speaker
Yeah, Barnes and Noble is like a chill vibe, but i freak as lower me let me grab my stuff and run. I don't want nobody to know I was here. you know um But and the crazy part is I don't feel the same way about Target at all. Target is one of the more so and stories where I'm like, ah okay, I'll take my time. You know why? what You know exactly, come on now. Why? explain Explain it, because I don't know why. No, I don't. It's for the same explain why there's there's for the same reason why some neighborhoods that you would rather not live in. but are you saying target Are you saying Target is usually in nicer neighborhoods than Walmart? No, I'm saying I forget the neighborhood of the store. I'm saying it's for the same reason why you would not want to live in certain neighborhoods versus living in others.
00:06:12
Speaker
Okay. All right. I got you. I think I'm picking up what you're putting down, but I mean, come on. We don't know. Walmart's gone over the ratchet side. We know that, but it doesn't have to be. That's the crazy part. I don't know. It doesn't have to be. I feel like it's getting a little better, though. I don't know. Maybe we are just starting to... I don't know. I know this is going to sound really bad, but they raised their prices a bit. And like, when you raise your prices, you basically force certain people out. So... mean it's Okay.
00:06:47
Speaker
um not We're not going to touch on that. but So my favorite store. Yeah, but with you, what's your favorite store? That's smart. Barnes and Noble's definitely up there. Honestly, I would probably say Target's in my favorite store. um I... Wait, wait, wait. What about Starbucks? Starbucks counts as a store. Does Starbucks count as a store? It's where you're gonna tell me it's a restaurant. Okay. The thing is, if Starbucks ceased to exist right now, I think I'll be okay. Yeah. If Target ceased to exist right now, I would be very disappointed because I do a lot of shopping. ah like cloud find there You and everyone else, you and everyone and their mother would be disappointed. Well.
00:07:32
Speaker
They also have a Starbucks and basically every target. So I don't really... See, I i like that too. And they have, you know what else they have inside of, you know, a Starbucks inside of Barnes and Noble. Why? I don't know. I think it's something about those stores that just have a good atmosphere. Who's on Starbucks marketing team? Because I think they're doing a pretty good job. Like they're like, like Walmart? No, you're not allowed. No, no, no, no, no. When I, I will tell you one store that I used to hate and it's growing on me. Now I don't know if it's growing on me because I'm growing up, but I used to hate Aldi with a passion. Um, I feel like their marketing has changed a bit, but honestly they're cheap. Like their prices are like unfair. You're absolutely on your own on that. I used to love all the, I was like a child and I'm like, we're going to Aldi. Like I absorb i literally loved it.
00:08:31
Speaker
Why? Because they have the carts where you have we put the little quarter in. that is That's like that part of the reason why I never liked Aldi when I was young. Because obviously, when you go food shopping, right? And nine times out of 10, when you're a kid, it's your parents dragging you too with you, right? So that's already number one. You go on somewhere you don't really want to be. Well, again, ah exact opposite. I really wanted to go food shopping. And then, i don't go hold on. And then most of the time, it's your mother. Well, for me, it was my mom dragging us. So obviously, she don't plan on carrying anything. So whether she got four sons, two sons, one son, it doesn't matter. Whoever's with her is carrying the bags, not not her, right?
00:09:18
Speaker
right so i gotta push the cart more like
Aldi vs Family Dollar: Cost and Convenience
00:09:22
Speaker
right i gotta carry everything from the car from the thing to the car then i gotta return the car and then like it's just it's just i so i want Oh, and not to mention, and this is kind of still standard to today, but I don't like how small old he is. Like when you compare it to any other store, their thing is to specialize. We're only going to offer the thing you know but things that we feel like people really, really want.
00:09:55
Speaker
Like you're not going to go there and find some weird thing. Like, no, they don't have space for it. It is slowly turning into like one of my favorite stores. Cause it's like, I think it's great. I love that store from ever since I was candy, all the things you're complaining about. I love that. I was like, Oh my goodness. I get to go get the cart. Okay. And then, all right. Now I get to go get the groceries and oh, wow. They're, you know, now I get to carry the groceries. Like I was going to carry them anyway. I was like, Well over something but I don't know and you were excited by going oldie I was excited about going to and you got on me for for being a grown-ass man going to Dave and busters at work by myself Yeah, well you can be like Yeah, they you know how how much I used to love all the right when I was a kid I used to like oh, okay. I'm gonna return my cart Okay, now I got my you know our quarterback and my parents used to let me keep the quarter
00:10:47
Speaker
And I'm like, but let me me look in the parking lot for any spare carts. I'm going to return those and and make an additional quarter. And now, you know, all right, I do that a couple of times, you know, okay, now I have one 50. Oh, wait, an old woman's coming. Let me get a cart for her. So she doesn't have to do it. And then give her, you know, it was great. It was amazing. Loved it. And they didn't want their quarters back. No, people leave their carts all the time. I'm like, you know, they left them constantly. people did not want their quarterback. And I'm like, these people are crazy. I was the whole point of them implementing it. You know, exactly some old homeless man is going to steal our car if we don't freaking, you know, enforce us in some ways. So they were like quarters.
00:11:33
Speaker
And now I'm very positive that the point of them enforcing was that kids would start doing their cart corralling for them. And they're absolutely correct. I think it's the homeless people. I really do. Why? the only who yeah order Outside of supermarkets. That's who you see with shopping carts. Right. But they have a quarter. Like the homeless people are not so homeless that they can't get a quarter and steal a cart. Okay. But who is going to, do you think they're going to use the, if I was homeless, I wouldn't be using a quarter on the Fable cart. It's a quarter. You could find that on the floor. yeah Okay. I mean, but it's the fun of time to make is why would I go as a homeless man? Why would I go and get in, find a quarter to steal a car, a car, a cart, if I could just go to the nearest supermarket and steal a free one?
00:12:29
Speaker
Okay. Would you spend a quarter on a car or would you yeah not spend a quarter on a car? Like, that's basically what you're asking a homeless person. Like, hey, this car is a quarter. You're like, no, no, no, I want free. I don't think they're making it. like i don't think what you're really asking I think what you're really asking is, here's the same car. Right. Car A, car B, the same car. Would you rather spend, why would you spend $5,000 more on it? If you can go down the street and get the same car or like 10, 10, are you going to find $5,000 on the ground? That's why I'm saying like, it doesn't make me you' kidding me right now. In fact, like I said, people aren't returning their cars. See, now you got to make me use the G word.
00:13:19
Speaker
people are not returning their carts. And so therefore they could they could just go there. all um Why does OD use quarters for parts? You're one of the people who have to say what they're googling. Ensure shoppers return their cart to the coral to get their quarterback, AKA homeless people. that is not a what but I did not hear homeless people at all in the explanation. um Unlike me, they're not they're being sensitive. So they're not actually going to say it unlike myself. All right.
00:13:56
Speaker
So yeah. So of every time you shopped at Aldi and they increased the price of your groceries 25 cents and said, you know, you never have to worry about the cart situation again. Would you be like cool? that's the same because There's times I've gone to the supermarket and didn't need a cart. Oh, oh, and, oh, and this is even, I remember when I was a kid, even finally, my mom was like, Oh no, I don't have a quarter. Can you run inside and ask for change? It was great. I was so involved in the shopping process. It was a great, I loved it. And I'm the, and I can't go to Dave and bosses by myself. You've grown now now.
00:14:35
Speaker
You know what? I'm gonna let you live tonight. I don't have the energy to argue with you. Um, your least favorite store. My least favorite story, story that I can't stand. Is it every other, is it every supermarket, not Aldi? No, I, no, I love supermarkets in general. I actually love supermarkets too. I wonder if it's cause I'm fat. A story I hate. You ever wonder that? Like, is, do you like supermarkets cause you like food? Like, cause I love the, you know what I mean? So. the hack What the heck? What the heck?
00:15:13
Speaker
ah doesn't it doesn't You know, ah sorry, hate and you're gonna heavily disagree with me on this one. I think... If you say Starbucks, I'm into this. No, I really, really like the vibe. But I think it just every single, like, as I'm in there and I look around, I'm like, this is an expensive place to so shop and do business. Oh, let me guess. Go ahead. Guess. Two stores are coming to mind, Target or Kohl's? Kohl's is expensive. I look around Kohl's and I'm like, oh yeah, it's pretty pricey. What? i'd be I'd be right in the clearance section. So, okay. So you're in the clearance section. You're like, wow, this is pricey. No, no, no. I'm rating the clearance section because everything else is expensive. Oh, I hear what you're saying. I hear what you're saying. No. um Try to call me out like that. Talk about some, I think the clearance section is expensive.
00:16:09
Speaker
that's what i was that sounds like yout answer me don't do me no from the store i actually like can't stand and it's a restaurant technically uh panera bread oh my god that was my third guess i almost said panera but i was like i i feel like that was just too much of a basic like Honestly, I don't hate Panera, but I think Panera is stupid. Like, do you ever see the food they sell? Like, you know how you go to the supermarket, right? And they got frozen, like, they got the frozen food that you can like, you just reheat. Like, it's usually like in the deli area. That's literally the same food they sell. Like, I don't understand what, but like they, so,
00:16:58
Speaker
You ever gone in a hospital, the food that they serve in the hospital, that's literally Panera Bread. It's I will tell you, that's not my least favorite store. My least favorite store, honestly?
00:17:19
Speaker
See, you would think it's Walmart, but I've grown to like, yeah I think, I think the people in there should, I think the people who shop in there should be better at life. Um, you know what? I actually, I took this back. I really hate Walmart now because they won't take Apple pay. You know what Walmart? what That is kind of ghetto. Cause I'm like, you guys are one of the like biggest stores ever. And like, you're just doing this on purpose. Exactly. Isn't theirs called like Walmart? Yes, Walmart Pay. They have Walmart Pay. See, no. Who got that? Who found that other thing? See, no. Nobody's... No. I blame... I blame... Yeah, that's it. Walmart. I'm sorry. I forgot. That fact infuriates me every single time there. My least favorite store. Hmm. Hmm.
00:18:12
Speaker
Honestly, i I fucking hate the family dollar. Oh, yeah. It's like- Oh, oh, okay, hold on. We're allowed to do that. I hate any dollar store that does not actually cost a dollar. I hate it. It's like- So you call them? No, no, no, not actually, but like, well, now they're a dollar 25, but ah if at least like 90% of your products are not being sold for like $1, $1.50,
Dollar Stores Pricing Strategies
00:18:41
Speaker
you should change the name of your story. And I think that's Family Dollar, right? Am I crazy? Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar. Family Dollar.
00:18:53
Speaker
i think that's they're the same company so i don't matter but like Family Dollar.
00:19:01
Speaker
and todolatry like a couple weeks ago and you know they got a they got a what i think it's called dollar and beyond or some some cheese and it's literally like it's it's stuff that's supposed to be better but it's like obviously like three four or five dollars right it doesn't even make sense like they got for an example they'll have like they'll have like a pack of like six like toilet paper rolls of toilet paper for like five bucks. When you could just go and get like a pack of four for like a dollar in another section.
00:19:37
Speaker
And thus you can get, you for the same price, you can get more toilet paper if you just buy them separately. Like it's, it's just, I i don't, I didn't understand the same. I don't know what Dollar Tree is doing, to be honest with you. Like part of me kind of wants Family Dollar, Dollar Tree, and Dollar General, cause they're all owned by the same company. Part of me wants them to just combine into one store already and- Wait, are they all owned by the same company? You didn't know that? No, that's wild. Yeah. They all, they are under the same, like what a umbrella. Yeah. ah Then what's just solve everything for us all really quick and name yourself one thing. Whatever. Yeah. No, no. And their their mascot can be like a dollar bill.
00:20:28
Speaker
No, it can be like a bunch of like dollar bills dressed in little army like costumes. And it's like it's like four of them because they're a family. No, please stop. every Please I bet you they did that. We wouldn't be mad at $5 total paper. Exactly. If they did that, everyone would be mad. um But yeah, that's my least favorite store, Family Dollar. Every Family Dollar I've ever been in has been ghetto. um It's like Walmart. But like imagine like imagine Walmart on the most stank day. That's Family Dollar every day. It's just, I can't stand Family Dollar. I
Pressure of Student Loans
00:21:11
Speaker
don't like it. Every time I go up into the parking lot, I feel like my tires are gonna get slashed. I feel like somebody's gonna just rob me for everything that I don't have.
00:21:21
Speaker
um i feel like i i just i cannot stay in that store um dollar general is up there too but i feel like dollar general sells a little bit more stuff than family dollar uh but basically store to be honest with you um but yeah family dollar blows i don't freaking like family dollar um So yeah, there you have it. Targeted Family Dollar. Two stores that couldn't be any more opposite from one another. For obvious reasons. For me, what are mine? Walmart as the least favorite and the most favorite is? Do you remember? Yeah, Barnes & Noble. Exactly. There you go. You know what's weird? Yeah.
00:22:05
Speaker
If it would have been Panera, if you would have stuck with Panera, that means your favorite would have been Barnes and Noble, and your least favorite would have been Panera, and they both have the same type of vibe. Like you can literally combine those two into one, and I i don't think anyone would be bad enough. They'd be like, this belongs, like this belongs, you know? This is the same story, yeah. This is the same story. They literally have that round, fall-ish, like sad, sobber vibe going on, you know? Um, all the look depressed and, you know, gay. And it's just like, it's just like, like they just go so well together. So one day, hopefully somebody will buy out the other. Yes. And we can get an army of dollar or bills marching. All right. Uh, let's, okay. like I guess we got to switch to something a little bit more serious. Oh yeah. You gotta come up with this topic to make everybody get all serious.
00:23:04
Speaker
Listen, it is fall, you know, almost fall, the leaves are going to start changing. And you know what else is about to start changing? Everybody's financial situation. Well, everyone who went to college's financial situation. and Okay. He said as um oh and it's almost pretty and so much is changing. You know what else is going to change? Your damn budget, that's what's gonna change. Your bank account, no. So, the student loan chaos. So, um yes depending on if you watch this or not, you probably don't have student loans. You might, you might not. I ain't have student loans. I know, I definitely have student loans. um I'm actually still, I'm a grad student still, so. Yeah, you're still in school. My shit is still following up, like there's no.
00:23:53
Speaker
um Yeah, I finished school. I got my bachelor's and
Economic Implications of Loan Forgiveness
00:24:00
Speaker
I'm, and now I'm being impacted by this, you know, cause remember, okay, just a quick, let's just remind everybody, you know, everybody was chilling on this, uh, first, you know, COVID happened and all the student loan payments were paused for, for he, for years. Right. Is that right? For like three years. I feel like they paused. Wow. Yeah. Yeah, so like three years and then while that was paused, you know, the president of the United States came out and said, hey guys, I know you had, you know, you have a balances, but you know, for, for like a vast majority of them, you're not going to have to pay like, you know, 10 or $20,000. We're going to knock that off just because we like you. Just because we appreciate you. You know, we're struck, you know, you're struggling during these hard times. We got your back. And then the Supreme court was like, nah, fam. Nah.
00:24:50
Speaker
Well, do you feel that if that would have went through, do you do you think anything, any aftermath would have happened that like from a financial standpoint, from an economic standpoint? Yes, yes, absolutely. And in fact, I think it would have been a severe economic, ah well, I'm sorry, if that would, if they would have been forgiven, I feel like Um, we wouldn't be in the situation situation we're currently in in which the president said hey everybody he had to come out and say hey everybody During the next year if you don't pay on your student loans, we won't report to you You know enough you'll just pretend like you know, we won't report you to the tax Not the tax the credit reporting agencies. We won't report you he had to say that because um, I actually looked this up because I remember when I when I thought of this topic I saw an incredible article that just blew my mind
00:25:42
Speaker
um So it says that when student loan payments resume, 56% of borrowers say they'll have to choose between paying their student loans and buying groceries. So that's 56% of people. Groceries, student loan payments. Damn. Yeah, that's a lot. That's more than half. It's like, oh, yeah. OK, I'm going to ask some questions that might hit some chords. OK, ask me questions. So,
00:26:16
Speaker
and I was on the phone with Zach earlier and I just asked him this question. like So I'm not gonna tell y'all how much I make, but like I feel like if what I make keeps rising, and it probably will, considering I'm only in my late twenties, um
00:26:43
Speaker
What'd you say? Late mid, hearing your mid
Impact of College Majors on Earnings
00:26:46
Speaker
twenties. Cause if you're hearing your late twenties, then I'm in my im my late twenties. Keep going, keep going. Okay. Keep going.
00:26:59
Speaker
I'm almost there. Okay. i i'm I'm in the, I'm in the middle. I'm in the middle. Go ahead. But It's probably going to go up, right? My salary at some point, like I make a bigger boost within the next like decade or whatever. I don't know if I could be one of those people who can like, complain like, Hey, you know, loan bra bla blah bla buth but now where I say all that the access.
00:27:32
Speaker
ah hu Like, do you think that, and again, I'm not, listen, I'm not letting colleges off the hook either. Like, um and I'm gonna get to them in a second. You know what? Yeah, I'll quote on that thought for a sec. But do you think that some people, like their majors are just like, their fields just, they they just don't, they're just not like lucrative. um Yeah. Because like college, and now this is why I'm going to hop on colleges. Colleges don't care about what your major is. They ain't going to tell you, they ain't going to tell you like, hey, listen, ah you ain't going to make nothing after you graduate with this ah major. Sorry. right and know they don't They don't say that, they just say, um yeah, anyway, ah here's your roommate.
00:28:27
Speaker
Yeah. Um, but the thing is they don't tell you, but as part of you picking a major, you please tell me you looked into this, right? Like, yeah, yeah of course you should. but and and then no Well, I don't know. I don't think people do. I'm sorry. that And it could be poor major selection. I think people just say, Oh, you know what? I really want to do art. I'm just going to become an artist. No, you know what I really want to do? Cause like I've known people, you know, I've met a lot of people in college. I've known people who. graduated with with an advanced degree in political science. And, you know, I don't ever want to go to Washington DC. Why would I want to do that? Oh, tell me that story. thats ah yeah Exactly. And I know people who who graduated with with an art degree is like, I can't find work. And I'm like, yeah. And people who graduated with like a geology degree who were like, I'm going to make $45,000 for the rest of my life. And I'm like,
00:29:26
Speaker
i oh my gosh and they're like isn't that great and i'm like but what what no i've heard stories of like people being teachers and they're not teaching right now because they want to work for their current school district that they live in And because they can't find anything in there, they're not willing to go to the next town over. They're not willing to go, you know, you're not willing to go to the next state over. They're just not doing it. They're just not, they're not teaching. Like, they're just doing something completely something else, something different. And right bonkers it It's like, why would you want to like,
00:30:07
Speaker
Why would you want to sit? So I bring all that up because I don't want to want to put the blame completely on the government. I don't want to put it completely on the colleges because I don't think there is oh right there is blame i'm just saying i' think you should be going to college for something ridiculous and then turn around and get mad at everybody else because you can't afford your student loan payments. Like it's like, bro, what did you think was going to happen? Also think about this. The government knew when they loaned this money to you what yourre what your major was. That wasn't like a surprise to them either. They knew you were going to be an artist. What's your major was? Exactly. Both of you knew and I think both of you have a responsibility to you know mitigate that. And so like are you going to have a major like
00:31:01
Speaker
Maybe they should, the government should implement like, Hey, but we're going to give you less money if you decide to go into something that does not necessarily have a high return. I'm not saying the arts are bad. I love the arts. I love music, but I know people going to get their master's degree and playing the flute. And I'm like, I don't think the return is there for you. You know, somebody who, please tell me you being over dramatic. no i'm dead serious what do you mean no you know this person too we've talked about this person before maybe you can't think of them right now but we've we had a conversation about this person and i'm like i don't think the return is there i'm like please you don't think i mean okay i don't want to maybe that they'll become the best conductor ever they'll be
00:31:45
Speaker
I don't think the return is there. And you know what? That's really my issue with like like some art majors, too. Because art's beautiful. Art is a great. Art is necessary. I don't think people realize how much art touches.
Income Statistics and Loan Repayment
00:31:59
Speaker
But I feel art art is not that in demand to the point where like you are going to be financially comfortable. And I feel like you're going to have to work your ass off in order for you to get there. There's some majors that you just simply don't have to do that, you know? Exactly. ah Okay. And so break to bring it back to like earning potential, it's ah the number of people who are saying that they'll have to choose between rent, groceries, like necessities, and student loan payments are
00:32:36
Speaker
it goes up if you're making less. So people who graduated and make under $50,000, 70% of them say, hey, not you know not surprising that I can't afford this. So it it goes up from 56% to 70%, which is, hey, you're making less money. Say that again? you So 56% of people, um, say they'll have to choose between, you know, student loan payments or, or I thought you, I'm sorry. but seventy year old salary in Yeah. Yeah. 70% of people making under 50 K say they'll have to make that same decision. It goes up. It goes up. If you make less, obviously.
00:33:26
Speaker
Why did they even waste their time asking those people that? They knew what the answer was gonna be. Come on now. Less than 50, how was that? Okay, ah hold on. I think you're maybe your bias is showing. um The average household income is, for a whole household now, I think that's like, what, 55,000? So, yeah. In America, that's like the average household income for a whole household. That means two people together. So, you you know. And you all, let me look that up. Are you serious? Yes, the average household income is very small. Average household income in the US. It says 70,000. What is you talking about? Median. Sorry, median. You want to look at the median. You don't want to look at an average because that's skewed.
00:34:24
Speaker
again
00:34:26
Speaker
70,000 still coming up. so Says national medium household income is $70,784. According to the most recent U.S. Census Borough current population survey data for 2021. So 70, I don't think it is, but maybe it is 70,000. I would have to look into that. So you're telling me nerd wallet is going is wrong. Maybe. Wait a minute. This, I'm sorry. This is directly from the census.gov. Yeah. Really? Because I'm looking at, well. Yeah. Here, let me drop the link in a little ah i'm chat thing. Okay. I'm also looking at, oh yeah. Wait, that's population. I hope you're not looking at the same thing I'm looking at. That's population. Why did that come up? Well, I just sent you a link. So if that's what you got, then maybe I am wrong. I don't know. Okay. One of us is right. when of No, I'm literally looking at it right now on the US government website, 58232.
00:35:24
Speaker
2017. Okay. I hate, I hate to be that guy, but both of them are terrible. Like, I don't even know. Whoa, whoa, whoa. What? I don't think, yeah I don't think people agree with you. so found I mean, 70,000 between two people. That's the, that is not there. Okay. Between two people, a household, two people.
00:35:52
Speaker
Hmm. This is very strange. Um, I'm sorry. Yeah. Well, it is. Well, ah it takes us back to that same point of no matter which way you slice it, most people, most individuals in the household are not making $50,000.
Government Role in Student Loans
00:36:09
Speaker
They're making significantly less. Even if it's that 70 number that, you know, then what is that $70,000 for two people? That's.
00:36:20
Speaker
You know, let's not that's what they're ready. Okay, per person. Yikes. So, so what do you think that is? What do you what do you in your perfect world? If something can happen tomorrow, right? Yeah, go sit here and say, Oh, this is what I think the government should do. You know, I'm not even going to go through that down that that lane. But in the perfect world, what would you want to wake up to tomorrow? And This is what we all agreed on. Right. All I think, I think historically we have a major problem with the people who took loans that they can't pay. And of course they did take these on so they should pay them. But at the same time, I think that the government overnight with the government should do is
00:37:11
Speaker
Well, I'm sorry, we're not going to say the government should do, but overnight, I think what individuals need to do is start making drastic changes and cutting back. And what the government needs to do to help them is maybe realize that they've made some not wise decisions to who the, who the lens to. And I think actually, uh, the repayment plan that Biden put forward, which, you know, uh, is if you're making less than a certain amount of money. your your payments can be just zero, and until you start making more money, and the government's gonna cover that interest that you would have whatever accrued, I think that's a pretty good stopgap. I'm not saying that what we have right now is perfect, but that's only for the things that have already happened. Going forward, but everyone should research their major, make sure the return is there, and the government
00:38:05
Speaker
or whoever's signing loans, even these you know colleges should be like, hey, the return is not there for your major, so we're not gonna offer you as much money. just doesn't make sense to offer a doctor and a underwater basket weaver the same amount of money to to pursue their major pursue their dreams. Like yes, all dreams are equally valid. But hey, if your dream is not historically worth it, you should it should be more difficult to be in that situation where it's like, yeah, I'm maxed out and I can't I can't do anything
College Costs Criticism
00:38:39
Speaker
else. I'm
00:38:43
Speaker
So I agree with you. I'm going to be a little bit more aggressive. I don't think that, one, I wouldn't touch anything. I wouldn't cancel anything. um what what i wo What I would do is I would make it so that it does not matter how late you are, your student loan payments do not pop up on your, it does not make a negative impact on your on your ah your credit score. Really? I feel like a lot of people would just stop paying if you did something that drastic. They'd just stop, they're like, I don't care. I'm just gonna, like what's go like, what's the negative thing that could happen to you? I mean, the the positive is it does have a positive impact if you pay it. I mean, it just doesn't have, it just doesn't destroy your credit if you don't pay.
00:39:34
Speaker
You can only do one or the other. You can either say, hey, they're paying everything. It's cool. Or you can say, hey, they're not paying everything. OK, how about this? How about this? How about we we kind of do what they're doing now, which is throw some type of income in. you know Like, hey, if you make a certain amount of money, yeah um it doesn't impact your. We encourage you to make your payment, but it won't impact your your credit score in a negative way. also though if you're making six figures uh i don't want to hear it like yeah want i want that payment every 15th of every month for the next 20 years you know well okay it's funny that you mentioned that but because i like this thing says even this article
00:40:13
Speaker
on NBC said that even people who make six figures, 45% of them say they still will have to choose between groceries and making this too lumpy. 45% of them are being cheap. They are fine. Well, no, no, no, hold on. I kind of, I was like really shocked by that, but then I realized. I'm going to do groceries, man. If you make six figures, you probably had to go to school for a lot longer. And you might have your masters or like a doctor, in which case your payments are even more, like even higher. And so now it's kind of a little bit, it makes more sense. I feel like being a doctor or a lawyer is the only thing that really would demand extra school. Extra schooling, like I would say, extra schooling.
00:41:03
Speaker
Okay, but I mean as someone who's angry so you're so you're telling me when you went back to school it didn't demand extra school you chose it for fun for me or no. Yeah, that's what I'm saying. Oh, I just did it for us and make you drawn. I'm in the computer science you know I'm in the computer science field you know I don't need to freaking I don't need to go okay that's six years. Six years. Okay, that's all I gotta say. that is That's why I think, well, okay. I did it for like a resume booster type thing, you know, and to learn more because why not? Okay, you didn't you didn't do what I think a lot of people are actually gonna do.
00:41:39
Speaker
And I think their workaround is going to be, oh, when I'm in school, I don't have to make payments. So I was going to stay in school. And don't get in don't get me wrong, that it was definitely on my mind. It was on my mind. It was. um but But I ain't finna be 60 up in there with some damn 18-year-olds talking about some did you take over. I'm not to be doing it. So the point I'm trying to make is that it benefits me now because it naturally benefits me, but it's most certainly it's something I don't think you should be doing purposely to avoid going there. I think people are going to. They can be like, well, they want me to go back to school. That's what I'm hearing. you like That's not what they're saying. Because guess what? The government will just let them go back to school. You owe us $50,000 and we there's no prospects of you possibly paying. But come on, you want more? We'll give you more.
00:42:33
Speaker
on The other thing I would do going forward is I would also, and this is where I would want the government to get involved. I would start like capping off some of these tuition costs. I mean, that's a good there let's forget tuition for a second. Do you see the cost of of residency as some of these colleges? I mean, they put your child, your child is 18, giddy as hell to leave the house. And they just put them in this piece of shit. Like, I mean, we're talking about semi projects here, like freaking dorms where I mean, it's crazy.
Rising Education Costs
00:43:12
Speaker
I mean, like stupid bit shit happens on the weekends. People, people in you know, sexual salts and all this crazy stuff and people get themselves in trouble.
00:43:24
Speaker
Meanwhile, you're paying thousands and thousands of dollars for this. Both you and or your child is paying thousands and thousands of dollars for this. And look, we're talking about, and I'm not even talking about tuition right now. Right now, I'm just talking about the extra stuff. You pay all this money for meal cost. Meals suck, you know? um You pay all this. you got My school, um and most schools do this they make you pay for like, you know like parking and whatnot which I think is stupid. Um, you know, but like, even though like the stuff that has nothing to do with your learning.
00:44:00
Speaker
is expensive And then you throw in tuition. Now, mind you, I've had some professors that shut up suck. I mean, when I say suck, I mean suck, like, like, there's no, i like I, there is literally no mercy. I think they are awful. you know And every time I finished a semester, I'm like, holy crap, I just paid all this money to this guy to be the worst, I shouldn't say acting, version of a professor, this guy or or woman.
00:44:39
Speaker
And it's sad. I think that you should, I think we should start capping off these tuition costs. I think we should start doing things a little bit more financially realistic, you know? um I don't think that, you know, 30, 40, 50,000 for just tuition. We didn't even talk about residency. and You just talk about tuition. I don't think that's realistic. You know, I don't think shoving my 18 year old, you know, in 18, 19, 20, 20 year old into like some piece of crap freaking dorm room.
00:45:16
Speaker
I mean, that's probably molded, has no damn AC, has no freaking heat, but yet I'm paying damn there the amount of the freaking tuition. And it's like, again, that's not realistic. And you're taking advantage of these kids, because they know most kids come out of of of high school and they want to dip. They're ready to go. They got a great excuse to go. you know Some of them go to school for something they really don't even need to go to school for in order to learn. Yeah, they just want to go so badly. So i that's one thing I would hope the government does do in the future, whether if they forgive student loans or not. Stop allowing these colleges to charge us all of this damn money. It's ridiculous.
00:45:59
Speaker
Well, you know, I think education has got in the most expensive it's ever been right now. And it's only looking to get more expensive in the future. So it's like... Everything is the most expensive it's ever been. We are unfortunately alive to see all the records broken. so Ours are the most expensive they ever been.
Rising Costs of Living
00:46:18
Speaker
Bread is the most expensive it's ever been. Everything is expensive. Eggs. and Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs. Eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs eggs Come um yeah Come on. They know what they're doing. They know what they're doing. That's crazy. All right. The last one I want to talk about. um yeah yeah stop it So I mentioned earlier that I am kind of in the middle of jobs here.
Debating Job Offers and Counteroffers
00:47:08
Speaker
um So this kind of touches on me a little bit. Should you accept a counteroffer from your job? And if not, why and why? that' So that's it right there. And then what circumstances that it should be accepted under? um Should you go first or shall I? I'll go first. I've had- I feel like you always go first, right? um I mean, I don't care. I'm just saying. Pop off. No. You guys probably don't want to say none, because then it makes it seem like I won. I was just making an observation. Too late. Go ahead. I mean ah can't stand it. All right. ah Should I accept a counteroffer from your job? um Well. You know what? I'm going first. Anyway. You know what? and Well, you said you didn't want to go first. no All right. so
00:48:08
Speaker
All right, so i think um I think you should. In some certain, I think it depends on what the counteroffer is, obviously. if ah If you're in a position where your job is willing to make a counteroffer to keep you, it's because you present a tremendous value to you to them and they don't want to lose you. um However, there's two arguments to that of you knew I presented this tremendous value and you weren't willing to pay me. So like, what the heck you didn't even like, especially if I think it depends on your manager, your relationship to your manager. Have they, you know, have you mentioned, Hey, I would like a raise. And then they said, no. And then you're like, okay, I'm leaving. And they said, here's all this money. Um, that's a different conversation. Then if you say, Hey, I would like a race, here's a raise.
00:48:57
Speaker
Hey, I would like a raise, here's a raise. Hey, I'm thinking about leaving because I'm not making enough. They're like, whoa, what was going on with our conversations about these raises? You should have been more aggressive. I have been in that position where they're like, well, you should have been more aggressive in our negotiations if you're thinking about leaving because you're not getting paid enough. And I'm like, I shouldn't have to be. We had this conversation. I was like, I'm not getting paid enough. And you're like, here's this little tiny bump. And I'm like, you know, I've been in the position. So they're like, here's this little tiny bump. And I'm like, okay, when's my next one? And they're like, here's this tiny bump. And I'm like, hello, and this is not enough. ah um Yeah, this is not enough. And then I'm like, oh, I would like to leave. And they're like, well, here's all this money not to leave. like So this is how I got ah convinced to to take a counter offer from my job. And I did take that kind of offer. And do I regret it?
00:49:54
Speaker
I don't think I regret it. Uh, I think it was the right move for me at the time and hindsight, I feel like no matter what I've done, my no matter what I would have done, I would have worked out. It would have worked out. it Okay. Um, so just, I think there's an element of comfortability, like comfort associated with your current job. Hey, you're going to get paid to do the exact same thing that you're currently doing. That's really comfortable, basically. You just get paid more to do the same thing you're currently doing versus the unknown factor of you're starting at this new job. You don't know what you know what they require what their expectations of you are going to be, what their requirements, what their managers like, what their coworkers are like. You have no idea. And you have to throw yourself into that deep end. I think it all comes down to
00:50:45
Speaker
ah just weigh the the total benefits package ah that both companies are offering you. Like this one job may have excellent health care, this it may have excellent you know child care services. It may have all these other benefits that you're not even considering. And you should think about that before you look for another one. Like I know there's some houses that give, um, some jobs that give you a housing stipend. Like here's some money to find a place to live. You have to consider all like jobs that pay for your mileage and stuff. You have to consider all of that when you're comparing. Not just, Oh, well, this job says X amount. This says this job says X amount plus a thousand. I should go for that one. No, you know,
00:51:28
Speaker
So I think it's two things like compare, compare the, all of, all of those things. And I think that the job that is offering you to leave should be offering you significantly more to leave than to stay. So if you're, if your job, your current job comes close to or matches it, and you think that your job is not going to be secure because of how big the increases, then I don't think you should take it. If it's like a small increase and your current job is willing to match it, I would say go ahead. Probably take it. Um, so for me, I think it really depends on, I think it depends on the offer. Really? I mean, I mean, like.
00:52:18
Speaker
i think it I think it's a factor of two things. One, the offer, and two, why you're leaving in the first place. Because if why you're leaving is the job itself, I mean, they're wasting their time doing the counteroffer, right? Because you're trying to get out. I mean, they could probably pay you way more than what you got offered from this new place, but it's not going to matter because you went out, right? Right. though. Um, but I still think it depends on what the offer is. Um, I will say that if it is, if the offer is just sh strictly salary based, I don't know if you should take it because you could just simply give me that, you know, why do like,
00:53:07
Speaker
Why do I have to threaten you to leave in order for you to just to give me something? what Like it's not a believer until someone else believes in me. Okay. Also, I think it's a whole different conversation when you're negotiating with a small, medium size and large company. If it's a small, tiny company, it's a different conversation than it's like, listen, I know you got 3 million in your main account. What are you talking about? Why are we fighting over a thousand dollars? What?
00:53:39
Speaker
Oh, well, okay, but it goes back to saying, like, I think it depends on the offer. I mean, sometimes it's not money. You know, maybe the offer would be like... you know, work from home. You know, maybe it's like, hey, I'm giving you the option to get paid the same amount as this new place. um Do the same job. But, you know, there's another benefit that doesn't that will revolve around salary, such as work from home, or, you know, maybe, maybe more days off. you know, right like that. right in it ah only I think small and medium sized companies can can can offer you that, but a large company probably can't offer you that. They probably have like strict rules about like, you have to get an X amount of increase that X amount, you know, X amount of days have to pass before your last raise before you can ask for a new one. and Excellent. Like, okay. i've seen poll no boom At that point,
00:54:38
Speaker
butre we're We're already at the offer. The offer's already been given. so um right But they might say but but we they already offered it already at this point. So if there that said large company that can't do it, then they're they're never gonna offer you that. No, no, no, they offered you a counter offer, but it might not match the offer that you received. Like say your offer is for 50,000 at this ah your new job and they counter offer you, well, 48. Sorry, we can't, you know, it's against company policy to offer you 50 because of it's too large of an increase or whatever. That might be ah an example. And what are you doing in that scenario? Do you just say straight up, no? Well, no, you still have to weigh your options. and
00:55:25
Speaker
I mean, you're telling me, first of all, okay. I mean, obviously we're at that point. I know this is just a scenario, but like, I mean, it it le if we're going to dive into that scenario, I think it's bullshit. I mean, you you really fight me over an extra $2,000. Yeah. Well, come on now. You your company have like what you know, like they can take more like they have more strict rules. Sorry. Cause it looks like favoritism. If they offer you that extra $2,000 and then offer the last person the extra $2,000.
00:56:04
Speaker
Did I get that? You know what I'm saying? I guess. Um, but again, this goes back to, this is why it really depends on the offer and it depends. on Yeah, it does. It's very, it's very dependent on the offer. And I think it's up to every individual person to decide like, Hey, cause there is a chance. And I think if you ever accept a counter offer, for there's a pretty high chance that at some point you're gonna be looking to like possibly lose your job because they think they can get someone who can do it cheaper. And they just had one who was doing it cheaper. if so If I had to cut this answer down to short, I would say, and you were twisting my arm and I had to give you a yes or no question, a yes or no answer, I would say you should i'll say you shouldn't accept a counter offer.
00:56:53
Speaker
because nine times out of, for me at least, I feel like nine times out of ten, I count off her salary. And it's, so ah I mean, I don't like the fact that you have to basically wait wait until I find something else to say, hey, we're finally about to give you this extra month, this extra money you've been won. You know, it's it's insulting. It is very much insulting. Now back to the last question is why, um well that's my answer as to to why, but like what should be the circumstance that it should be accepted? um I think when it's something that doesn't have to completely do with
00:57:31
Speaker
salary, you know, if it's something like, and again, I think it really does depend on why you want to leave in the first place. You know, if you just want to leave this place because the new job is, let's say your current job takes you like two hours to get there or hour and a half or something, and this new job is 10 minutes from your house, then perhaps maybe they say, well, we like you enough to offer you this exclusive work from home. opportunity. That I think is a great reason to... That's true. That's a great reason. You know, so again, I think it depends on circumstance. um And yeah, that's, that's how I feel about that. It absolutely depends on the circumstances. I think you're completely right. ah And everyone has to make their own decision. And I don't think we're going to come to a, like, if you had to twist my arm and say,
00:58:26
Speaker
It'd be like, should you stay at your current job? I think my answer would be no, because you were looking for a new job. So there's something there you should probably not say at your current job, because more than likely there was something there that made you really unhappy. And unless their counter offer fixes that, then you shouldn't take it. And if it could have been, Hey, they're simply not paying me enough. I need to be paid twice as much. If they, if they counter offer twice as much, maybe you should consider it. But if it doesn't solve your underlying issue with the job, don't take it. I mean, yeah, because I mean, most of the time it could be money, but, you know, it's not always. Well, I know it's not a broken record, but it really does depend on the circumstance and the situation you've been presented with.
Pet Peeves and Driving Etiquette
00:59:16
Speaker
Mm hmm.
00:59:17
Speaker
So I'm going to end this on a pet peeve. So, uh, cause it is the middle of the damn week and I want to, uh, do nighttime stuff before bed. Um, pet peeve though. Uh, should I end this with a pet peeve or should I end this with a fun question? Which one? You could end it with a fun question. and I want to, and I want to end it with an interesting fact. Why? why because i think it's interesting yeah but if you know an interest interesting fact it's going to open a whole conversation now like that's the same thing as a random question you know ask the random question go ahead fun question but hit mine you don't like yours what i said never mind what do you mean never mind i don't never mind okay you have a pet peeve then
01:00:13
Speaker
Uh, I have a pet peeve. You want a pet peeve or you want me to do? Okay. All right. I'll do the pet peeve. Okay. Okay. Uh, biggest pet peeve, well, not the biggest, but one of my biggest pet peeves I hate when you honk at someone for doing something stupid on the road and they flip you off for it. Um,
01:00:36
Speaker
It's not my damn fault that you don't want to drive. um You should be thankful that I woke you up at the light when it was green and you stood there on your phone. Whoa, whoa. I thought that you were actually talking about a mistake that someone made. No, what? That is not a mistake. What? Staring at your phone when the light's green, when you should be going, is not a mistake. Yes, you can go whenever you want to. You can't be fucking serious. Where's your patience? You can go whenever you want to. You're going to honk the horn. Good night, everybody. It was so nice talking to every last one of you. I can't believe this. Apparently, heavy on it. Because my podcast partner here thinks that it's perfectly fine.
01:01:33
Speaker
to be at the green light. No, I would never. Okay. I don't like to rush people because you're going to force them to make a dumb thing. Like now that when you honk the horn, they're going to be like, Oh shoot, let me put down my phone and they're going to need to take off. They're going to do anything because they already doing something stupid. They are, but now you're going to make them do something reckless. You didn't make them do something reckless. I ain't fed a missed damn light because you are on your phone. Sorry, buddy. Stop being impatient. Just wait. like are you Are you joking? oh ah No. Good night. Good night, y'all. Thank you for the amateur hour, whatever this is called.
01:02:14
Speaker
but the Sit back and say that with a straight face. I mean, it does seriously. i Like, I don't think you should honk your horn and rush people out ah out of green light. My God, I'm about to miss all my appointments at the same damn time because you aren't going when the light is green. You're going to miss all of your points. You're going to be one minute, possibly later to your destination. Okay, I'm going to end it on this note. If you did that during your driver's test, do you pass? Do you go home with your license that day? Get on your phone? No, you can't get on your phone. Forget the phone. If the light is green and you stand there, you just put the car, just place that thing in park and you just sit there. Are you grieving with your license that day or not?
01:02:59
Speaker
No, you'll get some points off, but yes, you can still possibly arrest my case.
Conclusion: Drive Safely and Future Topics
01:03:03
Speaker
Good night. Good night. Everybody points off. You don't. So it's been 30 and since they're on. Okay. We're going to have, we're going to probably have this conversation again. I'll tell you the same damn thing. I'm telling you, I cannot believe crazy. Wow. Okay. Lost. What do you mean? You are really trying to sit here and say if the light was green, I should know. No, I don't care. Just wait for them to go. Of course they're going to go. Like what? No, but that's the thing. They don't go. I've literally seen people. They're going to sit there at their home for another 10 minutes. No. If I don't beat the horn, they will.
01:03:45
Speaker
And no, they will not. You're just being impatient. It's going to take them another 15 seconds maybe to realize. 15? I feel like the average light is 15 seconds long. 15? I don't think so. Maybe five seconds. I got a pizza with my name on it. I got a cheese banish for my name. OK. I got dinner to eat. So I will also sign off on this one. I can't believe what I just heard. you But you guys, fair and enjoy and drive safely.
01:04:23
Speaker
be at hard when next ti us three and you ain't somehow going be brutal Don't hurry to your destination. Don't be in a rush at all times, guys. When the light is green, go. That's also true. Drive safely, everyone. i Drive with common sense, everyone. Yes, and we will talk to you next week. We will talk to you, hopefully not in a green light, right, Naran? Next week. Thank you, and good night. Good night.