The Mind Money Spectrum Podcast

#28. Is a million dollar higher education worth it? Your kids may not think so.

June 23, 2020 Aaron Agte and Trishul Patel Season 1 Episode 28
The Mind Money Spectrum Podcast
#28. Is a million dollar higher education worth it? Your kids may not think so.
Chapters
The Mind Money Spectrum Podcast
#28. Is a million dollar higher education worth it? Your kids may not think so.
Jun 23, 2020 Season 1 Episode 28
Aaron Agte and Trishul Patel

In this episode, Trishul and Aaron discuss the value of a college education. Why is there a correlation between household income and education? If you already have enough money saved up for college, is the piece of paper worth more than the dollars spent? And what about the knowledge gained, or the intangible networking effects, or the additional benefits of self-improvement? Aaron admits he may not have been mature enough to forego college, but Trishul thinks he likely learned more from his practical work experience. Household education and incomes may both be effects of the growing income inequality in society. So how then can we get households to emphasize the future when too many need to worry about today?

Episode References

Revisiting the Value of Elite Colleges
Investing Forever - You Can’t Spend the Same Dollar Twice
College Savings Calculator
Price History Over the Past 30 Years
Harvard Initiative to Attract Low-Income Students
College Degrees Used to Make Families Wealthier
Poor Kids Who do Everything Right don't do Better
Which Is Lower, Personal or Business Tax Rates?
Government Revenue Sources
Where do Federal Tax Revenues Come From?
Apple's Cash Mountain: How it Avoids Tax and the Irish Link
Why Amazon Pays No Corporate Taxes
Busting the Myth Behind, "Welfare Makes People Lazy"
Wealth Inequality Charts
Thirteen Economic Facts about Social Mobility
What It's Like to Be the First Person in your Family to go to College

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

Show Notes

In this episode, Trishul and Aaron discuss the value of a college education. Why is there a correlation between household income and education? If you already have enough money saved up for college, is the piece of paper worth more than the dollars spent? And what about the knowledge gained, or the intangible networking effects, or the additional benefits of self-improvement? Aaron admits he may not have been mature enough to forego college, but Trishul thinks he likely learned more from his practical work experience. Household education and incomes may both be effects of the growing income inequality in society. So how then can we get households to emphasize the future when too many need to worry about today?

Episode References

Revisiting the Value of Elite Colleges
Investing Forever - You Can’t Spend the Same Dollar Twice
College Savings Calculator
Price History Over the Past 30 Years
Harvard Initiative to Attract Low-Income Students
College Degrees Used to Make Families Wealthier
Poor Kids Who do Everything Right don't do Better
Which Is Lower, Personal or Business Tax Rates?
Government Revenue Sources
Where do Federal Tax Revenues Come From?
Apple's Cash Mountain: How it Avoids Tax and the Irish Link
Why Amazon Pays No Corporate Taxes
Busting the Myth Behind, "Welfare Makes People Lazy"
Wealth Inequality Charts
Thirteen Economic Facts about Social Mobility
What It's Like to Be the First Person in your Family to go to College

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.