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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.

Post #14 - RIP Lil' Nera

On Notes Too Frank

Dear Reader,

I met this kid a long time ago, ages ago, back when I played all the school sports, back when all I cared about was winning games. I was, in my mind, an exceptional athlete; I got to play and played pretty well. Won a few MVP awards. All that stuff.

Then, one day, all of that ended. I left the small private school I had attended from 1st to 10th grade for The Mississippi School for Mathematics and Science, and after that things started to change. I felt like I was becoming a different person. MSMS introduced me to a world of possibilities different from the small town, small school, everybody and they momma know what everybody and yo' doggie been doin all day kind of world that I had been living in for the past 16 years. I was all like, “Wow! Science!” and, “Wow! Writing!” and, “Holy shit! Art!” For the first time in my life I had been given the chance to recreate myself. I began to discover hidden talents and interests that, I think, I wouldn't have found had I stayed at my first high school. (Kudos to MSMS).

But yeah. When I came back to visit my old friends and my old high school it was just different. I wasn't very enthused to talk about how good this years football team is or how tall Jimmy Newguy is or how fast Susie Whoever is going to be or what ever they wanna talk about. I don't know. I was just different.

Anyways back to the point, I met this kid. The little brother of Dragoo, we called him Lil' Nera. Long story behind that one, but he was the football team water-boy. We loved him so much. He gave off this positive energy with a smile so wide you could see the sunshine. When he wasn't busy handing out water, he would always run up and say “What's up!” and throw up his hand for a high-five. His presence was probably more refreshing than the water he handed out. And when I'd come back to my old school's football games and see my old teammates playing, I'd see Lil Nera out there on the field. He'd come up to me and just be like old friends again. What's up-ing and hive-fiving. He'd ask me questions all about what Math and Science school is like and (later) how college was going. He was a genuine person, refreshingly connected to you every time you'd talk with him.

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