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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.

2 days in 1.

On My Life - Bit by bit.

Today's blog is going to be covering the past 2 days in this single blog, as the title suggests. The reason today's blog is late is because as is suspected I was very short of time yesterday before having to go out to my band concert. The concert was really good, and well worth doing. We were all given Easter eggs at the end too!! Otherwise, yesterday was a pretty bog standard day. I'm reasonably happy that my religious studies' grades have begun to rise. I'm now working at around about a B/A grade, which I'm happy with considering it's only RS. I know it's still a subject but it just isn't as important as other subjects. We also had french, which to be honest is just a pain. We have a ridiculous amount of work to do in not very much time due to this term being so short. That was all that really happened yesterday though.

Meanwhile, today has been more of the same. We had double English this afternoon which was a drag. I've decided that as much as I would like to just concentrate on maths, I'm also going to have to do some work on English literature. As my English literature knowledge is absolutely dire. I know the novel and play which we're studying fairly well, but my knowledge of the poetry is absolutely dreadful. I think the only way to sort this out is to sit down and do some proper revision, which means going on the internet and hunting out the past papers. Otherwise today, I had maths revision after school. Apparently this is now going to be on a Monday and Tuesday. I suppose it means I don't have quite so much revision to do at home by myself which can get boring after a while.

Other than that nothing has really happened over the last 2 days. So I think I'm going to have to leave it there for this blog. Sorry this blog has been so short but nothing of any interest has really happened. Catch you later!

 

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