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The Guiding Principles and New Rules document is now in effect.
Also, as far as housing prices, it depends greatly on where you live (what part of the country and what city.)
Also keep in mind that we live in a very nice home, and we decided on 1,500 a month for the house payment.
Remember that there is no guarantee you will have as much monetary success as your father. Also remember that there is no shame in making a lower income than your parents.
Also, keep in mind that costs of certain things have sky rocketed depending on where you live. The house my folks bought in the late seventies for something like $80,000 now is worth over half a million dollars due to rising property costs.
Corvus on
:so_raven:
0
Quoththe RavenMiami, FL FOR REALRegistered Userregular
edited June 2008
Expect to pay around $2,000 a month for a $250,000 - $300,000 house depending on where you live (which affects taxes and insurance).
Graduating from high school has really made me realize how fast everything is, it seems like I just went into the 10th grade, and I haven't accomplished a hell of a lot since then. It only seems like life goes faster and faster, and the quicker I can have a goal to work on, the faster I'll be working away at it. I'm not concerned about all this to the point of stress, but it's something I think about a lot at work, since my job is pretty boring (actually, my job is the reason this came up. Don't want to be stuck in a job I don't absolutely love, like my current one). On a side note, I'm following bsjezz's advice and going for it like a mad man. I read books on writing for 6 hours today.
Talked to a bunch of people over the last few days, and I have a few new thoughts to add into my already over-my-head equation:
I realize that I don't need this big of a house. I actually dislike having a house this big, not sure why. I have friends that live in much smaller homes that are perfectly happy, but I'm not sure how they compare in price (we bought our home for 250k 8 years ago, I think it probably goes for 400k ish today),
However, my mom was quick to point out that although I'd be happier in smaller living conditions, my wife might think differently. At this point I'm thinkin', to hell with that, that's way too far down the road to consider, but so is all of this apparently.
My dad noted the possibility of something like being an english professor, where I'd only spend a small amount of time working the job each day, but still having a fairly decent salary just on that job, with a bunch of time to write on the side. Not sure if that's a misconception (about not having to do much work as a professor except writing and researching on the side).
I'm pretty set on paying a tithe my entire life, which might be a dumb financial decision, but it's not about to change. That means that I'll be needing to make 10% more to put myself in other's similar situations.
Anyway! I really don't want to get too specific into numbers, because a lot of things are subject to change over the next 10 years, but go back to a more general 'can I pull this off' type thing. Thank you so much for all of your time spent reading my aimless questions and doing your best to help me out
My dad noted the possibility of something like being an english professor, where I'd only spend a small amount of time working the job each day, but still having a fairly decent salary just on that job, with a bunch of time to write on the side. Not sure if that's a misconception (about not having to do much work as a professor except writing and researching on the side).
Yea, your dad is wrong about that. Being a teacher, any kind of teacher takes up a lot of time. Look at it this way, you work 8 hours a day, five times a week just inside the classroom. Then you have to go home, grade tests/homework, create lesson plans, read up on lectures, etc. That's not counting the fact that if you want to be a college professor, you have to go to grad schoo. Which will defiantely put a twist on your plans.
That being said, my uncle is a professor and he has achieved tenure. What's awesome is that for every five years he teaches, he gets a full paid year off, as long as he undertakes some kind of learning that will help him/the university.
And does anyone else find it just a bit weird that his parents are feeding issaac all these ideas instead of telling him to simmer down and jsut enjoy life for now?
Be sure to deduct the 10% religion tax from your actual income tax! I'm pretty sure you can do that. Also like noir says don't plan on kicking back and doing whatever you want as an English Professor. Even considering the ability to outsource so much stuff to your TAs that you'd make a Fortune 500 company blush, you'll be hella busy.
Be sure to deduct the 10% religion tax from your actual income tax! I'm pretty sure you can do that.
Really? I don't think you can. Churches already get hideous tax breaks at every level of government, if tithing is deductible then I would be shocked because that's essentially double dipping and is way too easy to abuse.
My dad noted the possibility of something like being an english professor, where I'd only spend a small amount of time working the job each day, but still having a fairly decent salary just on that job, with a bunch of time to write on the side. Not sure if that's a misconception (about not having to do much work as a professor except writing and researching on the side).
I would not become an English professor expecting to earn $90,000 a year. Pay will vary considerably based on where you teach and your accomplishments, but in general English professors don't make that much money.
Be sure to deduct the 10% religion tax from your actual income tax! I'm pretty sure you can do that.
Really? I don't think you can. Churches already get hideous tax breaks at every level of government, if tithing is deductible then I would be shocked because that's essentially double dipping and is way too easy to abuse.
Well, donations to religious charities and stuff. I guess if there's some special tithing law then he's boned.
I'm aware of the education required to become a professor, as well as the pay (averaging 70k), the only reason was for the extra time, which is apparently not realistic. And honestly, the more I think about that option, the less I like it. I don't enjoy studying literature and poetry and stuff, I read a lot but it's all for me, not to analyze alliterations and stuff (bad example, but whatev). AP Writing last year was enough to put me off that, I enjoy reading and writing for other purposes.
You can deduct something like 30% of your tithe from your taxes, so it's basically losing me 7% each year.
As much as I'd really like a backup plan for life right now, I've been constantly thinking about this for a week or two now and I've got nothing. Maybe I should give it a few months to simmer while I keep my options open and do some more research...
If you want some real advice it would be to do what you actually want to do and enjoy doing rather than what will make you live comfortably by your fathers standards.
Do you even like teaching? If not, you should have no business as a professor of anything.
Do what a lot of people do and start college, take a variety of courses, figure out what you like and then declare your major.
If you want some real advice it would be to do what you actually want to do and enjoy doing rather than what will make you live comfortably by your fathers standards.
Do what a lot of people do and start college, take a variety of courses, figure out what you like and then declare your major.
Listennnnnnnnnnnnnnnnnn
Shazkar Shadowstorm on
poo
0
Quoththe RavenMiami, FL FOR REALRegistered Userregular
edited June 2008
Um, what kind of professor are you interested in becoming? Because $70k to start is not the word on the street where I live. An associate professor would be making more like $40k at most, depending on how many classes he teaches. And depending on the field, colleges may want their professors to have practical experience before hiring them as teachers (e.g. a creative writing teacher must be a published author). It takes about five years to get tenure as far as I know, but at that point things tend to improve toward that $70k figure you threw out.
It is stressful and potentially unsatisfying to plan your life with this kind of research, looking at average salaries and job descriptions and saying "I guess I could do that."
You sound passionate about your religion, have you thought about working with your church? I just got back from my cousin's graduation party and one of her family friends works at a retreat center and, since you're obsessed with the numbers, supports his wife and three young boys.
Also, maybe consider tempering your salary expectations a bit? My parents supported 4 children on 60k/yr, my father owns 3 homes and runs a small business, and we were never lacking for nice things, cable TV, big screen back when big screens were rarer. We just bought my grandparents lake house in Wisconsin, too. If you work hard and live a reasonable lifestyle and handle your money well, you can make good things happen. And if you're taking a salary hit to do something you love, who cares if you have to drive a Camry instead of a C-Class?
Don't immediately discount the possibility of your wife working. Most women want to have some sort of gainful employment, even just part-time. If you don't want to marry the kind of woman that wants to make a little money, that's one thing, but thinking of it as a burden you're going to have to carry for your family is another. Most people like to work.
edit: Just a side note, there are janitors at my school that make more than a new professor.
matisyahu on
i dont even like matisyahu and i dont know why i picked this username
You'll need to decide what's important to you as you go through college Isaac17.
I wanted a job and money, whether I loved the job or could care less about it wasn't an issue for me at the time.
Today, if I was going to college knowing what I know now, I would want opportunity and something I can tolerate. Opportunity means plenty of job potential withint different fields or careers which give you a range of salary options and the ability to more easily find a job. I enjoy my current job, but in the end I'd want something that I could tolerate so I wouldn't be frustrated and the like.
Most of the advice here is to find something you enjoy and do it, perhaps look at a backup option in the event you aren't able to make writing work out for you whether that be getting a minor in something with a major in writing/english or getting your degree in something else while pursuiing writing interests in combination with your other career. As far as money goes, you'll figure that out, like most do, once you graduate. The danger of going into college thinking you are worth say, 60-70k right out of school greatly increases the chances of you turning down fantastic job offers because they do not meet your pay criteria, thus limiting your options and optentially, your future.
Many people live off much less than what your father seems to have told you it takes to live and while that greatly fluctuates pending where you live, most people never see that kind of salary in their entire life.
Just educate yourself using career resources at your college or school of choice and try to talk to people who are in your field in the workplace. They will have accurate information that many of us do not have. Educating yourself on options and learning as you go is very, very important IMO to preparing yourself for a career. Asking us is a great first step because you'll get some variety in responses to help you see other perspectives.
You'll need to decide what's important to you as you go through college Isaac17.
I wanted a job and money, whether I loved the job or could care less about it wasn't an issue for me at the time.
Today, if I was going to college knowing what I know now, I would want opportunity and something I can tolerate. Opportunity means plenty of job potential withint different fields or careers which give you a range of salary options and the ability to more easily find a job. I enjoy my current job, but in the end I'd want something that I could tolerate so I wouldn't be frustrated and the like.
Most of the advice here is to find something you enjoy and do it, perhaps look at a backup option in the event you aren't able to make writing work out for you whether that be getting a minor in something with a major in writing/english or getting your degree in something else while pursuiing writing interests in combination with your other career. As far as money goes, you'll figure that out, like most do, once you graduate. The danger of going into college thinking you are worth say, 60-70k right out of school greatly increases the chances of you turning down fantastic job offers because they do not meet your pay criteria, thus limiting your options and optentially, your future.
Many people live off much less than what your father seems to have told you it takes to live and while that greatly fluctuates pending where you live, most people never see that kind of salary in their entire life.
Just educate yourself using career resources at your college or school of choice and try to talk to people who are in your field in the workplace. They will have accurate information that many of us do not have. Educating yourself on options and learning as you go is very, very important IMO to preparing yourself for a career. Asking us is a great first step because you'll get some variety in responses to help you see other perspectives.
As always, good luck. Don't limit your options.
Thanks guys. There's also the fact that so many variables are going to change over the next 10 years that trying to make a solid decision now is just retarded in the first place. There's a lot of good advice in this thread and I'm sure it'll help me out a lot over the next couple of years. For now, it's time to finish that album, write every second I can and enjoy life as an 18 year old . I'll take a bunch of different classes at school in a few months and take it from there.
Again, can't tell you how much I appreciate all that input.
Posts
Also, as far as housing prices, it depends greatly on where you live (what part of the country and what city.)
Remember that there is no guarantee you will have as much monetary success as your father. Also remember that there is no shame in making a lower income than your parents.
Talked to a bunch of people over the last few days, and I have a few new thoughts to add into my already over-my-head equation:
I realize that I don't need this big of a house. I actually dislike having a house this big, not sure why. I have friends that live in much smaller homes that are perfectly happy, but I'm not sure how they compare in price (we bought our home for 250k 8 years ago, I think it probably goes for 400k ish today),
However, my mom was quick to point out that although I'd be happier in smaller living conditions, my wife might think differently. At this point I'm thinkin', to hell with that, that's way too far down the road to consider, but so is all of this apparently.
My dad noted the possibility of something like being an english professor, where I'd only spend a small amount of time working the job each day, but still having a fairly decent salary just on that job, with a bunch of time to write on the side. Not sure if that's a misconception (about not having to do much work as a professor except writing and researching on the side).
I'm pretty set on paying a tithe my entire life, which might be a dumb financial decision, but it's not about to change. That means that I'll be needing to make 10% more to put myself in other's similar situations.
Anyway! I really don't want to get too specific into numbers, because a lot of things are subject to change over the next 10 years, but go back to a more general 'can I pull this off' type thing. Thank you so much for all of your time spent reading my aimless questions and doing your best to help me out
Yea, your dad is wrong about that. Being a teacher, any kind of teacher takes up a lot of time. Look at it this way, you work 8 hours a day, five times a week just inside the classroom. Then you have to go home, grade tests/homework, create lesson plans, read up on lectures, etc. That's not counting the fact that if you want to be a college professor, you have to go to grad schoo. Which will defiantely put a twist on your plans.
That being said, my uncle is a professor and he has achieved tenure. What's awesome is that for every five years he teaches, he gets a full paid year off, as long as he undertakes some kind of learning that will help him/the university.
And does anyone else find it just a bit weird that his parents are feeding issaac all these ideas instead of telling him to simmer down and jsut enjoy life for now?
Really? I don't think you can. Churches already get hideous tax breaks at every level of government, if tithing is deductible then I would be shocked because that's essentially double dipping and is way too easy to abuse.
we also talk about other random shit and clown upon each other
I would not become an English professor expecting to earn $90,000 a year. Pay will vary considerably based on where you teach and your accomplishments, but in general English professors don't make that much money.
Well, donations to religious charities and stuff. I guess if there's some special tithing law then he's boned.
And Noir is very correct about the amount of unpaid prep time that teachers of any sort have to put in.
You can deduct something like 30% of your tithe from your taxes, so it's basically losing me 7% each year.
As much as I'd really like a backup plan for life right now, I've been constantly thinking about this for a week or two now and I've got nothing. Maybe I should give it a few months to simmer while I keep my options open and do some more research...
Do you even like teaching? If not, you should have no business as a professor of anything.
Do what a lot of people do and start college, take a variety of courses, figure out what you like and then declare your major.
we also talk about other random shit and clown upon each other
You sound passionate about your religion, have you thought about working with your church? I just got back from my cousin's graduation party and one of her family friends works at a retreat center and, since you're obsessed with the numbers, supports his wife and three young boys.
Also, maybe consider tempering your salary expectations a bit? My parents supported 4 children on 60k/yr, my father owns 3 homes and runs a small business, and we were never lacking for nice things, cable TV, big screen back when big screens were rarer. We just bought my grandparents lake house in Wisconsin, too. If you work hard and live a reasonable lifestyle and handle your money well, you can make good things happen. And if you're taking a salary hit to do something you love, who cares if you have to drive a Camry instead of a C-Class?
Don't immediately discount the possibility of your wife working. Most women want to have some sort of gainful employment, even just part-time. If you don't want to marry the kind of woman that wants to make a little money, that's one thing, but thinking of it as a burden you're going to have to carry for your family is another. Most people like to work.
edit: Just a side note, there are janitors at my school that make more than a new professor.
I wanted a job and money, whether I loved the job or could care less about it wasn't an issue for me at the time.
Today, if I was going to college knowing what I know now, I would want opportunity and something I can tolerate. Opportunity means plenty of job potential withint different fields or careers which give you a range of salary options and the ability to more easily find a job. I enjoy my current job, but in the end I'd want something that I could tolerate so I wouldn't be frustrated and the like.
Most of the advice here is to find something you enjoy and do it, perhaps look at a backup option in the event you aren't able to make writing work out for you whether that be getting a minor in something with a major in writing/english or getting your degree in something else while pursuiing writing interests in combination with your other career. As far as money goes, you'll figure that out, like most do, once you graduate. The danger of going into college thinking you are worth say, 60-70k right out of school greatly increases the chances of you turning down fantastic job offers because they do not meet your pay criteria, thus limiting your options and optentially, your future.
Many people live off much less than what your father seems to have told you it takes to live and while that greatly fluctuates pending where you live, most people never see that kind of salary in their entire life.
Just educate yourself using career resources at your college or school of choice and try to talk to people who are in your field in the workplace. They will have accurate information that many of us do not have. Educating yourself on options and learning as you go is very, very important IMO to preparing yourself for a career. Asking us is a great first step because you'll get some variety in responses to help you see other perspectives.
As always, good luck. Don't limit your options.
Thanks guys. There's also the fact that so many variables are going to change over the next 10 years that trying to make a solid decision now is just retarded in the first place. There's a lot of good advice in this thread and I'm sure it'll help me out a lot over the next couple of years. For now, it's time to finish that album, write every second I can and enjoy life as an 18 year old
Again, can't tell you how much I appreciate all that input.