It all depends on circumstance. A lot of college degrees are not relevant to the current market, so by finishing college, you only get in debt. On the other hand, critical understanding and chasing opportunities can lead to much better success in life. But as Sprouts state, opportunities cost, as money so as time.
@DanielBotes11 ай бұрын
Also, not all degrees are born equal - a philosophy degree (despite all the marketing that they put into it) is not going to get you as many career options as, say, an engineering degree.
@DavidRotin9 ай бұрын
I mean if you study something like Latin or music then yeah you’re just collecting debt 😅
@DavidRotin9 ай бұрын
In your opinion what college degree are irrelevant in the current market?
@hankhill21546 ай бұрын
I mean even if you go college and pursue a meaningless degree you still would made a high network of people and gained a lot of writing and speaking skills.
@HiramMaxem2 жыл бұрын
College: 4,080,000 Income after 34yrs 252,000 Lost wages in 6yrs 144,000 College tuition and living expenses 1,224,000 Living expenses after College 2,460,000 Total actual profit Family business: 1,680,000 profit after 40yrs $780,000 difference over 40 years However, going to college vs not going is not purely a financial cost/benefit question. There are other factors that might be hard to quantify: growing a family brand or business and potential franchises, being close to your parents/family in their later years, following what makes you happy vs what makes you profits, paying back interests on loans, developing management, people and business skills earlier in life, etc. Both paths have pros and cons beyond the financial aspect.
@athanasiospapazoglou73102 жыл бұрын
There's alot of things that are being assumed here , however i think the most important of these is that we assume that you successfully finish college
@poorna_recharla2 жыл бұрын
@Hiram small correction, you should not consider the lost wages while calculating the net benefits going to College
@HiramMaxem2 жыл бұрын
@@poorna_recharla why not? I'm using the guidelines set forth in the video.
@poorna_recharla2 жыл бұрын
Because it is not an actual cost
@HiramMaxem2 жыл бұрын
@@poorna_recharla there's always different ways to slice data and crunch numbers. Did you watch the entirety of the video? In this video, they explained the income not earned while attending college should and needs to be accounted for. If you follow the guidelines and the point of this video, then you get a very specific number; if you don't, then you can make up whatever rules or guidelines you want and get whatever number you get.
@sprouts2 жыл бұрын
Support us to make more econ videos at www.patreon.com/sprouts
@subjectlife822 жыл бұрын
IMPROVED Estimates: (thanks to Anthony Zheng) College route: $2,712,000 after 40 years Family business: $1,680,000 after 40 years ONLY IF SHE - Enrolls to the right field - Receive the SAME SALARY from start - Gets the job ON TIME - Family business remain on FIXED Earning - The business doesn't flop AND + The job ends up with pension, but family business doesn't + Next generation don't have to start from scratch ( ...constructive criticism requested)
@HiramMaxem2 жыл бұрын
You're forgetting to substract the college student's lost wages during the 6 years. Anthony Zheng forgot this too.
@poorna_recharla2 жыл бұрын
You did not consider the Time value of money. It is not correct to add amount from different years. By my calculations, if the time value of money is more than 8%, the business is financially better choice. If you consider 10% to be the time value of money, Business gives $2,699,625 more at the end of 40 years.
@AhmedKhaled-sj1zx Жыл бұрын
@@poorna_recharla what is the Time value of money ?
@poorna_recharla Жыл бұрын
@@AhmedKhaled-sj1zx Time value is the concept that money is worth more now than the same money will be at a future date. It happens due to the earning potential of the money as it can be invested or lent and therefore more amount will be received on the future date.
@charliepeterson17452 жыл бұрын
I chose to become a private music teacher over studying physics. This allowed me to teach from home, chose where I live and work less hours.
@MrFartyman445 ай бұрын
So that was the best alternative available to you based on what you value. I'd probably take that option too if I could.
@institches27502 жыл бұрын
Opportunity cost is such a useful concept. It can't always be calculated with money, but it teaches you to weigh the long-term costs and gains of every decision--even non-financial ones. For example: should you invite someone you don't like to a party? If you do, their presence will make the party less enjoyable. If you don't, their sibling whom you like will stop being your friend. Which is more valuable to you? Enjoyment of the party or the sibling's friendship?
@swarleystinson67332 жыл бұрын
Enjoyment of the party if there's pizza. Fcuk the sibling!
@yummy8074 Жыл бұрын
I would ditch them both
@christophergibbs37712 жыл бұрын
The moral of the story is college can be a successful tool if used properly or can be financial the ball and chain attached to your leg. Opportunity cost is a simple way to decide which outcome has the best mathematical outcome. Still, it can be an oversimplified tool if all of the pros and cons aren't correctly added to the equation.College has a host of benefits that are not necessarily linked to direct expenses or wages, therefore, the college must be viewed as a circumstantial tool of choice for economic progression, but it is one of our society's greatest status symbols. It's often the cost/benefit of a choice that is not explicit that often has the greatest impact.
@theultimatereductionist75922 ай бұрын
If I hadn't gone to college, I would instead have done something stupid and lost a trillion dollars, and also not had the joy of a college degree. For "opportunity cost" to have ANY PRACTICAL USEFUL meaning, you would have to know for certain, somehow, that, that hypothetical would have occurred had you not taken the alternative you did. THAT happens only with DETERMINISTIC PHYSICAL events. NOT ones that depend upon OTHER PEOPLE'S CHOICE: such as whether SOMEBODY ELSE **MIGHT** HAVE GIVEN YOU A JOB WITH A BIG SALARY.
@ShawnRavenfire2 жыл бұрын
Don't forget to calculate the interest on the loans, which depending on the conditions of the loan, can add up to more than you can earn in a lifetime.
@roberthuntley1090 Жыл бұрын
A "yes but"; that's true but inflation also devalues the value of your debts offsetting that to some extent. As an example, when I was deciding whether to retire or not, I generated a few comparative spreadsheets but they rapidly collapsed into guesswork about the value of inflation and interest rates over the next 30+ years. There is a limit as to how accurate your prediction can be.
@mikenixon24012 жыл бұрын
Instead of teaching gender selection in schools, kids need to learn skills to work and live in the real world. Parents need to encourage and teach responsibility as well.
@SufficientSpells2 жыл бұрын
We definitely could, and should, do both
@fod12022 жыл бұрын
Pretty sure understanding our psychology is a skill that applies to the real world. Just learning a trade skill is dumb, you need to learn to learn before learning a trade. That way, you won't get hoodwinked by car salesmen, bankers, missionaries or scummy politicians, among other advantages.
@commonconservative7551 Жыл бұрын
@@fod1202 common core confused a whole generation, they added confusion to try and make kids think harder and then they dumped trans ideas into their heads while trying to learn school stuff with additional masturbation thoughts in their heads --- we are promoting people that fantasize they are really the opposite sex while masturbating , it all about the orgasm, and everybody fell for their insanity
@fod1202 Жыл бұрын
@@commonconservative7551 And how does that cause you prejudice? If someone is having an orgasm, that makes you angry?
@commonconservative7551 Жыл бұрын
@@fod1202 they are corrupting the thoughts of minor children, you people who are inexperienced with less that 4 decades of life have no idea the harm
@qujin50252 жыл бұрын
There is something can not be calculated, so just follow your intuition and interest, and treat what ever you choose seriously
@sprouts2 жыл бұрын
Great point
@babyspice02062 жыл бұрын
exactly, what if you gave birth to a genius instead of working?
@lazytocook Жыл бұрын
@@babyspice0206 hahahaha Sarina
@gokulvasamsetty46742 жыл бұрын
Man I've been following this channel for almost an year, these guys make amazing content with very neat illustrations and narration, I still wonder why they have such less subscribers and especially such less views and likes...These Fellas deserve so much more
@mindsetuniversity12 жыл бұрын
People like entertainment than education bro
@pablanch2 жыл бұрын
Probably because intelligence is less interesting that pure entertainment. People don't like to realize how little they know.
@nrconleynrc2 жыл бұрын
The obvious answer for the young lady in your example is only fans model. Glad you did this, too few people appear to factor this concept into their thought process.
@sprouts2 жыл бұрын
😂. Thanks Nate
@thepvporg2 жыл бұрын
The family business is best option given the opportunity to make more from what you already have is obvious, branching out in to new areas and so on, where as being employed, you are tied to a system that you can't be as flexible as you want to be in... so the family business is better option... assuming your family are upstanding citizens with an ethic that is to work for the group not themselves...
@insightful_fairy87432 жыл бұрын
I have learning difficulties and have always struggled with education. Therefore, I choose to travel instead of studying and could always pick up casual jobs in the hospitality industry. With the experience and skills I have gained whist working these jobs, I have been able to work my way up to a manager position with a decent wage. For me, this way of living suits me so much more than going to school to study and struggling trying to do the work while at the same time loosing money.
@azii358411 ай бұрын
you deserve it mate
@chibha968 ай бұрын
I am also in this stage of thinking of opportunity costs. I am a design graduate and professional and I find design considered a skill domain when compared to traditional domains such as STEM which is viewed as an academic domain.
@maylabrown45842 жыл бұрын
What about Community College or Trade School?
@carynpinkston19392 жыл бұрын
I'm a little disappointed that this video didn't discuss the other costs of going to college - the emotional/mental. Will you feel more fulfilled in a college-educated career, or not? Would it be more helpful or hurtful to your long term mental health to go through the often stressful coursework to earn that degree? Also, going to college doesn't guarantee a better job. Just ask my dad. :(
@sprouts2 жыл бұрын
Great point. We should have covered that!
@poojangohel2 жыл бұрын
Yes I felt that this video needs to cover more topics regards to opportunity costs
@walterbyrd83802 жыл бұрын
You might want to consider the value of experience. In many careers, experience is far more valuable than anything else. If you go to college for four years, that's four years of experience you did not get. Also, college costs way more than tuition. There is the cost of books, and a huge number of miscellaneous fees. You cannot qualify for most social programs if you are in college.
@sprouts2 жыл бұрын
So true !
@bruceumba2 жыл бұрын
The opportunity cost of college isn’t the first four years of work (everybody has the first four years of work), it’s the last four years of work, when you are making the most money. By skipping college you get to work four more years longer. Many people go to college specifically to skip those years.
@DavidRotin9 ай бұрын
A lot of work that earn more money the more experienced you are require a degree.
@slliner2 жыл бұрын
I attempted the calculations and here's what I got: If she earns $3500/year by missing out on college, and college is $2000/year, and it takes 6 years to finish, then we have: 3500x6 = $21000 - opportunity cost and 2000x6 = $12000 - college cost. That means that she would be "losing" short-term 21000+12000 = $33000 by going to college in the 6 years. After college she would earn 7000x34 = $238000 total in 34 years. If she were to not go to college and work for $3500 a year for 40 years, then she would make 3500x40 = $140000. It would obviously be better for her to go to college, as she would be losing out on 238000-140000 = $98000. Please tell me if my calculations are correct.
@anthonyzheng72742 жыл бұрын
Your attention to detail is lost. Replay the video and listen. In the education/medical life track she earns $10,000 a month, with a monthly expense of $3,000. In the business track, her earning is $3,500 a month.
@livingdivinity62752 жыл бұрын
Every figure given on a monthly basis, 2000×6×12= 144,000+ 34×3000×12= 1368,000 Profit= 340,000×12-114,000×12= 2,712,000 She gets 3500 per month in family biz, 42000 per year in family biz for 40 years 1,68,0000 Doctor is better opportunity. Provided she does not make a more profitable investment during the six years.
@palechub22 жыл бұрын
a lot of people if not the majority do not use their college degrees in their current job which amounts to a waste of money and a waste of time. In my friend group only one of my friends actually is in the profession he got his degree in and is still in school going to turn 27 -28 by the time he graduates spend 10 years of college graduate specialization out of almost literally all of my friends. he's going to be a veterinarian.
@palechub22 жыл бұрын
@@user-pz6mc2oj3f not really i know 2 people that were 23 already looking to buy a house just from working their way up to manager in a super market stocking selves because they were both my manager at 23 no college while i have a friend who still in school for another year
@palechub22 жыл бұрын
@@user-pz6mc2oj3f i bought a house working loading trucks for fedex and stocking selves and becoming an assistant manager at a supermarket and investing 100% of my income into the stock market of a 50-70% gain at 26 last year with the help of my family to go into real estate and rentals
@TashaL82 жыл бұрын
@@palechub2 But if we take it in common? Yes, there such success stories, but what happen more ofen ? If we take 100 people with degree and 100 without, who will have better condition of life and life satisfaction?
@palechub22 жыл бұрын
@@TashaL8 I think a better question is how many people working in which their degree is required for their job vs the people that are working where their degree isn't required. in which case I would definitely argue that there are a lot more people with better lives working in a job that didn't require the degree they might have graduated with. If anything I hear more often that people say their degree is worthless than with people saying they wish they went to college. Like there is a huge discrepancy. Obviously those people who worked in health care and became lawyers would more likely have better lives but the amount of people that actually become lawyers and doctors is very small compared to say your walmart manager. which can make 200k a year or a fedex senior manager at a loading facility that can make 100k a year that the majority of whom just started working loading trucks and moving their way up. like look at all the stores and restaurants. they all need managers general managers or the people that own businesses like mowing lawns. moving companies cleaning companies and such. The contractors that clean the supermarket I worked at has a million dollar contract for cleaning like 50 stores. You will see a lot of low productive people who are lazy in both walks of life and them going to college or not isn't going to change the fact that they are lazy or the other way around less "educated." One doesn't become more intelligent by going to college it is by being motivated to learn and engage in whatever activity you put yourself into. You don't need to go to college to do v8 in rock climbing; you don't need college to be a smart MMA fighter; and you don't need college to start Microsoft.
@GunlujinGuyenbolor17 күн бұрын
Hi i have a questions tomorrow is exam day and is calculations in grade7 ?
@SolaceEasy2 жыл бұрын
Costs & benefits outside of monetary?
@SHDANK Жыл бұрын
I’m a plumber for my dads business he wants me to take over but I’d rather make song lyric videos all on my iPad for small singers anywhere at anytime then eventually build a record label and provide career opportunities for others in the same field. Easier said than done I know lol. Any recommendations?
@unmappedinsights4787 Жыл бұрын
Try to stick to the bread-and-butter business, using Your already proven skills. As Your income grows You could employ a part-time plumber. This could, potentially, give You 4 - 8 hours or more free time, weekly, to practise Your beloved hobby. Should Your lyrics-writing dream take off You might then hire a co-manager in the plumbing business. I hope this helps.
@HrabiaVulpes Жыл бұрын
The greatest weakness of opportunity costs is the problem of hindsight and limited information. You may end up on management position after college, but job market may also change when you are in college, ending up in you working as a waiter despite college degree. Of course if you knew what will happen it would be a lotta easier...
@NatalehNicole7 ай бұрын
I guess that's the pitfall we all have to face... we never truly know what the outcome will look like in the end. This just gave me something to think about.
@Chisanloius5 ай бұрын
DO you consider she can earn more certifications and also reskill even while doing her degree?
@HrabiaVulpes5 ай бұрын
@@ChisanloiusYes and no. Life's complicated like that. Maybe she will finish, say, veterinary studies and get an IT programmer certificate halfway through them. Still on the job market someone with IT degree will be preferable choice over someone with just a certificate. Also job market may change while she is doing the certificate if it takes too long. Any decision that will not have consequences until at least year after is risky. One of the reason most companies prefer quarterly profit over customer satisfaction.
@Chisanloius5 ай бұрын
@@HrabiaVulpes I agree, but again you have introduced any level of guesses or uncertainty. Just be a good person right?
@HrabiaVulpes5 ай бұрын
@@ChisanloiusThere is a non-zero chance that I am a good person.
@MarieSansom9 ай бұрын
The cost of going to school and getting a degree as a doctor is $2,784,000, after all of the math has been done. The cost of staying with the family business is $1,680,000, after all of the math has been calculated. So going to school would be the better opportunity. However, economics also uses ceterus paribus which only accounts for two variables at a time and not all of the variables at once. Because of this many of the comments are correct that the opportunity cost is based on more than just money. However, the first step in the process would be to factor in the money and then take that variable along with another variable using ceteris paribus and then figure out the opportunity cost again and continue doing that until you have factored all of the variables.
@zakhelethokwana90335 ай бұрын
If she goes to college she will spend $144000 on tuition plus expenses and miss out on earning $252000 from family business. Total opportunity cost for going to college is $396000. However she will earn a total of $2856000 as opposed to $1680000 in the family business. The cost of not going to college is $1176000 which is the difference between the two nett salaries, even if the other one has a 6 year head start. 😢
@theodoresidwell2342 Жыл бұрын
1032000 sacrifice to work for her family.
@madhankumar1755 ай бұрын
Cost of tuition and living per month = $ 2,000/per Month Duration of studies= 6 Years= 72 Months Total expense for studies= 2000*72= $144,000 Working in Medicine for 34 Years Earning per month = $10000 Monthly expense= $3000 Net monthly income= 10000-3000=$7000 Total income in 34 years= 34*12*7000=$2,856,000 Actual income she will get by choosing medicine= 2856000-144000=$2,712,000 The actual income she will get by choosing the Family business=40*12*3500=$1,680,000 So financially the better decision is to take medicine
@kervinorosco9887 Жыл бұрын
Life lesson, opportunity cost is giving up something to gain something. Sometimes it’s a lost rather than a gain, so only make calculated moves in life.
@sarthakdixit21612 жыл бұрын
There are no practical comparisons possible here!
@dailydoseofmedicinee2 жыл бұрын
Interesting
@livingdivinity62752 жыл бұрын
Easy, 2000×6×12= 144,000+ 34×3000×12= 1368,000 Profit= 340,000×12-114,000×12= 2,712,000 She gets 3500 per month in family biz, 42000 per year in family biz for 40 years 1,680,000 Doctor is better opportunity. Provided she does not make a more profitable investment than 10% which is Max in the states on NBFC and other funds during the six years with 1,680,000. Interests on income of 252,000 for six years is say 10% interest per annum on investment then the extra earning is 25200. Means she earns 1680,000+ 25200= 1,93,200. Even the doctor brings more income.
@erdemalegoz18162 жыл бұрын
Ok so, correct me if I'm wrong: A waiter makes 20 thousand dollars (without tips) yearly without any college degree. A Turkish student who is in top 10 colleges within a practical major makes hardly thousand dollars monthly after having graduated with PhD degree. That's nearly 8-9 years of education that pays even lower than someone who is born in a "better" environment. That my friend is both stupid and grim for anyone who is root bound to thier country. We are all international people nowadays and it's getting more and more desperate for those who are in 2nd to 3rd world countries with ideals and sense of justice. Thank you for reading
@SravaniKaminivenkata Жыл бұрын
running a family business will be beneficial
@MrWilliamwright2 жыл бұрын
if she stays with the family business she will earn 1.680.000 USD if get degree in medicine she will spend 396.000usd tuition + miss opportunity - the years she works which is 4.080.000 USD so she will get 3.684.000 USD, so it will be better to get the degree.
@AmrElAmrawy Жыл бұрын
From my calculations, seeking medicine career is the best for her.
@Akash-jn6fp2 жыл бұрын
Can you make a video on the same problem on india
@mbs07102 жыл бұрын
waste of time & energy too
@nabilbousabir4019 Жыл бұрын
While there's some truth to the video's premise it doesn't account for the whole picture. What's the added value of working directly after high-school versus accumulating debt (assuming you'll need to accumulate debt to finance higher education) in order to pursue a university degree? The equation is not as narrow as what's the economic trade off in terms of what you'll earn during the duration of the program and the cost of the program. In the instance you forgo taking on debt to finance a higher education, it should go without saying your options will be limited when it comes to the range of employment you could opt for right out of high school. In other words, your options will consist of roles with menial pay. But, you'll also gain skills and experience on the job. The thing is, your net take home won't be sufficient to save and the skills you'll develop will not be high leverage skills. Skills which have strong return on their investments. Moreover, the skillset which you'd acquire in this tier of the marketplace will only have vertical application. They wouldn't have the capacity to be employed across horizontally (I.e within different tiers of the marketplace which offer more substantial income opportunities) So the added value of pursuing work right out of high school is an immediate salary along with a low paying skillset. There's really two dimension in this case. If however you consider the added value of taking on debt to pursue higher education the equation yields a different result. For the sake of this premise, let's assume of course the person approaches their studies in earnest. The marketplace rewards credibility. By earning a degree, (all degrees do not focus on high leverage skills which is an important variable to highlight) A) you build the foundation of a high yield skillset. B) you earn credibility with which you can persuade prospective employers to enlist your brain and potential in premium tiers of the marketplace. C) The modern economy is a closely integrated value chain and so by attending university you also enrich your roladex which has a seperate ROI of its own later in your career. And D) you enhance your optionality by pursuing a high education with a focus on a high leverage skillset because you can employ your skills set across a broad spectrum and within different tiers of the mark place. And so when you run the proverbial numbers, taking on debt to finance a degree with a focus on a high leverage skillset has both draw backs and upsides. The opportunity cost is for you to decide. What are your highest values?
@mosesouma11912 жыл бұрын
What is the family business is a hospital ?
@homer2281 Жыл бұрын
best option is doing your own work and don't have limit to what u can earn
@poojangohel2 жыл бұрын
Please Sprouts... You have been doing great. But for this video you need to be more critical and cover the topic indepth. Give us more and details objectivity. Rather than just defining Opportunistic costs..
@sprouts2 жыл бұрын
Noted. We will improve
@VIDEOSASDE10 ай бұрын
One small note: certain biases are present in this animation - usually these are great @Sprot, but this particular one may be an example of authorship bias; who can spot them?
@lem.02j4dn2q Жыл бұрын
the difference is 73 dollars between the med student and the business person
@anthonyzheng72742 жыл бұрын
I might not be accurate in my button punching in my calculator app on Windows, but $2,712,000 (Doctor) vs $1,680,000 (family business) after 40 years is a no-brainer
@HiramMaxem2 жыл бұрын
You have VERY poor attention to detail, replay the video and listen this time, LOL You're right about one thing, your total of $2,712,000 IS INACCURATE. Why? Because you forgot to substract the college student's LOST WAGES for 6 years...which was clearly illustrated in the video. So, before you start putting down people in your comments, like you're some kind of math genius...LOL...check your work! You might need to attend a MATH 101 class or a CRITICAL THINKING class! Attention to detail, just like you condescendingly suggested to the other 2 people in the comments. LOL.
@anthonyzheng72742 жыл бұрын
@@HiramMaxem Yea one time I didn't check it and some internet warrior got lucky 🤣 LOL
@HiramMaxem2 жыл бұрын
@@anthonyzheng7274 not luck... remember: "attention to detail" LOL 🤣🤣🤣 Or in your case: "lack of" 😂
@anthonyzheng72742 жыл бұрын
@@HiramMaxem Grats my man! It's your day to shine. You must be feeling proud 🤣
@HiramMaxem2 жыл бұрын
@@anthonyzheng7274 🤣🤣🤣 shinning extra bright everyday bro! And laughing definitely makes me shine, so thank you for providing both comedy and irony! LOL
@kairinase Жыл бұрын
No matter what you choose, it pays to have a rich parentage... It's up to you to be more better than them in life.
@Itzjustjada111 күн бұрын
2kx12x6 = 144000 = cost of school 10kx12x34 = 4.08 million = total monetary profit from being a doctor 3kx12x34 = 1.224 million total living expenses 4.08 million -144000-1.224 million = 2.712 million remaining income from medical school path 3.5kx12x40 = 1.68 million total monetary profit from family income 2.712 mill - 1.68 mill = 1.032 million profit from medical path
@sprouts7 күн бұрын
Well done
@nashvillearts2 жыл бұрын
Educative
@Redeemedbylove19872 жыл бұрын
Helpful!
@KomarBrolan Жыл бұрын
The correct choice is whatever will make her happier.
@Sigma.Infinity4 ай бұрын
Opportunity costs are not necessarily financial.
@keepitprivate912 жыл бұрын
If you work 20 hours a week at starbucks, they will pay for your entire tuition through Arizona State University.
@keepitprivate912 жыл бұрын
Dumb as in lacks higher intelect? or do they simply not have good role models/enviroments that help people succeed.
@lindseyedward9775 Жыл бұрын
It looks like she can retire six years early if she attends college, as well as make more money. Her monthly expenses aren't too bad compared with her monthly income.
@thxndoskb62846 ай бұрын
Opportunity of 1 116 000
@mungpujanarko22568 ай бұрын
Saya ga bgitu mikir soal opor ini
@misterbig90252 жыл бұрын
Commitment = high opportunity cost!
@survivalpodcasting2 жыл бұрын
I generally like your videos but this was PURE propaganda. I am going to spend 120K to get a job as a restaurant manager? An MD will live on 3K a month? You know a family business pays a family member 3500 USD for LIFE? I'm a professional podcaster, long career in corporate America, made six figures since I was 25. No college, ever. Today I make more in my "family business" than most Family Practice Doctors. You guys need to redo this one, big time.
@sprouts2 жыл бұрын
Great point! We had a few more examples originally but then had to cut them out to make the vdo work. Totally with you! I dropped out of Highschool before and now have this channel plus a few other nice projects going. Will do better next time! Thanks mate
@hammadmustafa62772 жыл бұрын
She will loss 86K if continues family business.
@babyspice02062 жыл бұрын
what if you don’t work, but gave birth to a genius and spent thousands of dollars for her?
@luissuarez58452 жыл бұрын
Learn by T F D…
@sprouts2 жыл бұрын
Exactly!
@fantomasbg2 жыл бұрын
What TFD stands for?
@subjectlife822 жыл бұрын
College route= $226,000 Cash in 40 years Family business= $140,000 Cash in 40 years Assuming that she actually get the job right after college and actually earns that much, COLLEGE is better financial choice.
@anthonyzheng72742 жыл бұрын
You have no attention to detail. Rewatch the video. Those are monthly earnings, not yearly.
@subjectlife822 жыл бұрын
@@anthonyzheng7274 Why didn't you say "you have no brain cells to tell monthly an yearly apart." hahaha. I get that (being a human being) I made a mistake, and I accept it, but you kinda made it a hard for me. You might place a shoe on someone's plate without thinking anything but it will be perceived as a suggestion to eat shoe. I'm telling from experience that as long as you remain careless with words, you will keep blaming others for their reactions.
@anthonyzheng72742 жыл бұрын
@@subjectlife82 lol I didn't say "hey you're dumb" because insulting you wasn't the point 🤣 I tell it honest like it is. Your attention to detail is lacking HAHA
@anthonyzheng72742 жыл бұрын
@@subjectlife82 people are tendies these days, quick to feel insulted and have thin skins. Honestly who cares if someone else insults your intelligence? You yourself get to decide whether to get mad or just laugh it off, or take them for face value 🤣
@HiramMaxem2 жыл бұрын
@@subjectlife82 You know what's HILARIOUS? This Anthony Zheng dude thinks he's so smart and yet, his answer is so wrong! He's lacking attention to detail but is more worried about critiquing other people's answers than checking his own calculations before posting! I love the irony!
@nezavisimiyvzglyad Жыл бұрын
Lol why in service black girl?)
@444haluk2 жыл бұрын
There is also emotional cost, which wrecks every rich female soul into an empty and shuttered shell.
@hatagesch84082 жыл бұрын
Why female? Men and women do not differ from each other in that respect.
@444haluk2 жыл бұрын
@@hatagesch8408 they differ greatly in that aspect. when men see competition, all they think about is specialization and domination, climbing the hierarchy in a specific place and keep stupid scores, in a little bit unhealthy way. That is the main factor actually.
@hatagesch84082 жыл бұрын
@@444haluk I wonder what about those men who are not like that? They aren‘t real men then? And women who don‘t prefer to raise children to having a career aren‘t real women? It‘s what society teaches us to keep up the power imbalances - not who we really are. To claim that every rich female is a shuttered shell is an ignorant and tremendously sexist statement.
@SufficientSpells2 жыл бұрын
What a sweeping statement, completely devoid of nuance and realism.
@444haluk2 жыл бұрын
@@SufficientSpells so it is a normal statement, then.
@Life_422 жыл бұрын
Don't rob banks lol
@davidgallo-cazzo5381 Жыл бұрын
A Very Small Amounts utilize their Expensive Degrees so what's the point wasting So Much On that Useless Paper
@thing1thing2themediamaniac43 Жыл бұрын
I liked how the fat guy gave her a dustbuster whereas the other guy was going to give her a diamond ring. Perhaps she even knew what her boyfriend was going to give her but couldn't resist seeing what was in the bigger box
@theultimatereductionist75922 ай бұрын
If I hadn't gone to college, I would instead have done something stupid and lost a trillion dollars, and also not had the joy of a college degree. For "opportunity cost" to have ANY PRACTICAL USEFUL meaning, you would have to know for certain, somehow, that, that hypothetical would have occurred had you not taken the alternative you did. THAT happens only with DETERMINISTIC PHYSICAL events. NOT ones that depend upon OTHER PEOPLE'S CHOICE: such as whether SOMEBODY ELSE **MIGHT** HAVE GIVEN YOU A JOB WITH A BIG SALARY.
@theultimatereductionist75922 ай бұрын
But I could hypothesize uncountably infinitely many hypotheticals for any alternative I DO take. My opportunity cost AND BENEFIT -- if I were not sitting here typing on my computer right now, I COULD earn a trillion dollars and create peace in the Middle East and replace Putin with a democratic leader, OR, I COULD cause an asteroid to hit earth and kill 8 billion persons. So... yeah... there's a cost to my sitting here and to my choosing to spend thousands of dollars attending college compared to some hypothetical better outcome, but there is also a benefit to my sitting here and to my choosing to spend thousands of dollars attending college: the benefit compared to asteroid hitting earth and killing 8 billion persons.