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Drop Out and Grow Rich : The Remix

A bunch of people e-mailed me about the Drop Out and Grow Rich article I posted yesterday. A friend of mine pointed out a few things, most importantly that I failed to give the college grad interest on his money. Fixing that (and making him pay interest if he was negative, but only after the first 4 years of college) put him very close to the high school grad with private school money. Never charging him interest for being negative got him slightly above that same person.

Then it was pointed out that the difference in earnings wasn't 900k as the college-mongers claimed. It was more like 1.3mil. I had no good data on salary increases, so I assumed the inflation rate. I guess it stands to reason that after a while job experience means more than the degree, so the gap gets smaller.

If I fudged the grad's income to equal a 900k lifetime earnings difference, the Dropout with Private School money is again the winner, but is still followed closely by the grad. If I fudge the dropout's starting income (to $29,692) to get the 900k difference, the grad still beats the dropout with public level money, but only by 300k. Also, the dropout would be beating him until age 58.

Deal with your Emotions. Don't Control them.

On Slack

This is probably obvious for most of you, but it wasn't for me. Maybe there's some other poor, like-minded person like me out there who hasn't figured it out yet.

Some people are very good at seeing 'the big picture'. Not me. I've always been a very detail oriented person. Every concept I process and every idea I visualize is almost automatically, unthinkingly organized in my brain. One idea suddenly becomes a bulletined list of each individual variable, the traits of each variable and the pros and cons of each variable trait. I think it's for this reason that I have a very controlling aspect to my personality.

To me, self control always meant forcefully suppressing negative or irrational emotions and willing positive ones to the surface. It's always been all about what I should/shouldn't feel. Or what I want/don't want to feel. What I actually currently felt seemed irrelevant. I always expected this complete emotional control of myself, as well as others around me.

Not only is this an extremely stressful and emotionally damaging way to live, but it's downright impossible. Every time I tried to forcefully control an emotion, only to end up exacerbating it instead, It felt like a personal failure. I thought this was how everyone did it. The fact that I couldn't do it must have meant that I'm an irrational person who can't control themselves. Or that I don't have a strong enough willpower. Thoughts like these only helped to further this counter-productive cycle.

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