WSJ on wealth

Chuck0 chuck at tao.ca
Wed Jan 19 14:20:36 PST 2000


Jordan Hayes wrote:


> You're wealthy, you just don't know it: you bought an education
> instead of buying a house or something. You have an asset; the
> fact that you didn't have cash to pay for it at the time is largely
> immaterial to this conversation.

That true to some extent, my MA open doors for me that aren't there for other people. But I've drifted into a field (webmaster) that doesn't require a Master's Degree. Had I know this 10 years, I would have made other plans. Still, you can say that I'm wealthy in these respects, but it does nothing to make me feel like I'm "getting ahead."


> Maybe you mean to say that a college education should be free (you
> might get some sympathy here); maybe you mean to say that you're
> bummed that you spent your 90's windfall in the 80's (if you hadn't,
> you could certianly buy your $60 tennis shoes); maybe you mean to
> say that you wish you lived in a part of the country that didn't
> have so many high paid people relative to what you're paid (your
> rent would be lower if you did).

True. I pay extra to live in an area of the country with alot going on. It also provides more job opportunities, than say, Syracuse, NY. It's a good thing that I have parents who remembered the depression. Their knack for belt-tightening helped me when I had to enter the job market during the early 90s recession. It also explains why I'm prone to stick at one job for a while. When you remember spending 6 months looking for a job and it turns out to suck, you tend to appreciate anything tolerable that comes along.


> But you're aren't saying that the phenomenon doesn't exist, are you?

No. I don't think so.

-- Chuck0

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