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/biz/ - Business & Finance

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24688372 No.24688372 [Reply] [Original]

Currently I'm living with parents and I'm able to invest 1400 dollars a month doing low to unskilled work. I live in a country (Sweden) where college is free and you even get paid 100 dollars a week to go to college. However, if I want to avoid debt that's a maximum of like 50 dollars invested a week compared to the 1400 I'm saving now. The salary increase for what I'm thinking about studying (social work or political science) would let me invest a maximum of 500 more dollars a month, and that's a highly unlikely number. A full undergrad program in Sweden is more focused so it takes 3 years. Compared to the 50400 dollars I would have invested during the program the 6000 absolute maximum amount I could save while studying seems slim. (50400-6000=44400 ... 44400/500≈89 ... 89/12=7.4) Considering the 500 saved is already exaggerated it would roughly take me 7 years and 6 months of working just to make up for lost income. Not to mention how much my investment could have grown. At this point it doesn't seem worth it taking the financial hit for the potential salary increase. Thoughts - should I bite the bullet and go to college, or keep wagecucking for a while? We live in a college town to rent isn't an issue.

>> No.24688405

*Compared to the 50400 dollars I would have invested had I not been in the college program, rather

>> No.24688446

I should mention my long term goal is financing an 80 000 dollar home. Going to college would delay buying the house and moving out.

>> No.24688454

College is an amazing time to learn new things and that is not a meme. You also learn them alongside your peers which helps you learn how to bond and socialize. You’ll receive more opportunities in a week there than you would in a year outside
If it weren’t free, fine, but that is such a no brainer. Education is everything

>> No.24688520

>>24688454
Thanks for the response. Also you get 0% interest student loans here so I could save the student loans to finance the house instead of getting a mortgage. I like studying but I haven't decided on the financial logistics yet.

>> No.24688568
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24688568

>>24688454
>You also learn them alongside your peers which helps you learn how to bond and socialize
>Just started during lockdown
>Haven't socialized at all
help

>> No.24688987

> social work or political science
Well yeah if you go to school for careers with no money, it's not a wise financial decision.

>> No.24689022

>>24688372
Military intelligence enlisted

>> No.24689065

>>24688568
work on the weekends..

>> No.24689350

>>24688987
Yeah probably not. I've thought about going to law school if I do well on the placement tests but I don't know whether I have the skills to hack it. I could study economics and statistics which would probably pay more than either and help with investing but I'm not great at advanced math.

>> No.24689367

>>24688454
this is all true.
>>24688520
but why doesn't OP study something with greater earning potential. this is pretty wild, the state of the euro. they've legislated everything out of you all. it's also a shame that euros can't find relatively easy entry jobs that make 50-100kUSD.

>> No.24689454

>>24688454
unequivocally based post
don't waste this opportunity OP, particularly given how lucky you are with the lack of debt in Sweden
the communication skills you will learn and the networking available at uni will unironically change your life
you can always invest your student loan or work weekends if you need

>> No.24689695

>>24688454
If college is free then I agree, but if this were an American I'd strongly disagree