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Optimal Finance Daily - Financial Independence and Money Advice

1855: The College Conundrum by JL Collins on Should I Go To College & How to Pay for College

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Self-improvement, Education, Business, Investing

4.51.3K Ratings

🗓️ 8 April 2022

⏱️ 11 minutes

🧾️ Download transcript

Summary

JL Collins of JLCollinsNH.com shares his thoughts the college conundrum. Episode 1855: The College Conundrum by JL Collins on Should I Go To College & How to Pay for College Mr. Collins is a senior executive with extensive P&L experience and a proven track record of growing revenue and profitability, integrating acquisitions, launching new products, developing and implementing business plans, creating powerful marketing strategies, building strong customer relationships and building effective teams. He is experienced in a broad range of markets including technology, automotive, investments, design engineering, electronics manufacturing, construction, horticulture and energy. Mr. Collins is also an accomplished consultant, author and speaker. He is retired, but continues to write on his blog. The original posts are located here: https://jlcollinsnh.com/2012/05/23/the-college-conundrum/  Visit Me Online at OLDPodcast.com  Head over to verygoodbutchers.com, and use the code “Optimal” at checkout for 20% off on their butcher shop quality plant-based meats. Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Optimal Finance Daily, Episode 1855, The College Conundrum by J.O. Collins of J.O. Collins NH.com,

0:10.6

and I'm your host and personal finance enthusiast Diana Mariam.

0:14.9

Now let's get to today's post as we optimize your life.

0:22.7

The College Conundrum by J.O. Collins of J.O. Collins NH.com

0:28.8

Back in the day, I put myself through the University of Illinois taking down diseased elm trees.

0:34.7

I was paid $20 a day, six days a week, for $120 per week.

0:40.6

I saved $100 and kept $20 for pocket money.

0:44.6

I spunged off my parents for the summer's room and board.

0:48.2

Over 12 weeks, I put aside $1200 that covered my rent, tuition, fees, books, and food

0:56.9

for the entire school year. Although many dinners were white rice and ketchup,

1:02.4

but that left a few bucks for beer at the local taverns.

1:05.8

25 cents a glass if you went to the right place at the right time.

1:10.8

Then, like now, times were bad. At least for us English majors, it took me two years of

1:17.2

menial jobs before I landed my first post-graduation professional gig.

1:22.9

No problem. I'd mastered in the art of cheap living while earning my degree.

1:27.8

I graduated debt-free. Here's my favorite cartoon.

1:32.3

The visual is two guys on a cornfield. The rep on racks dressed in shabby clothes,

1:38.0

straw is coming out from their shirtcoffs and pant legs.

1:41.2

They're serving a scarecrows. One is looking over at the other saying,

1:45.5

English major, how about you? This spring, my daughter finished her second year of university.

1:52.2

$1200 about covers the cost of her books. $53,562 so far.

1:59.6

And it's only that low because she earned a $12,000 annual academic scholarship.

...

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