Law School Discussion

Nine Years of Discussion
;

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Messages - kingofspain

Pages: 1 2 3 4 5 [6] 7 8 9 10 11 ... 49
51
so if you don't go to law school you're going to take out 141k in loans and put it in a savings account?

he is comparing two investments.

the way you do this is by discounting the cost of each investment to a lump sum today, and compare the returns.  yes, he might NOT put the money into a savings account, he might spend it, but that means that the utility of spending the money is >= the what it could potentially earn in a savings account, discounted back to today.

for more information, learn about the definition of "net present value" of a project.

i dont need an economics class, i just don't think it's the best way to look at the "cost" of law school.  kevdog's post above this is the correct way in my opinion.

52
General Off-Topic Board / Re: ***OFFICIAL WORLD CUP THREAD***
« on: April 18, 2006, 05:53:56 PM »
all of the above mentioned stuff is true- i just don't think Brazil's samba style is much of a shock or surprise anymore.  if they face truly stiff competiton (which they seem to avoid until later in the Cups usually) I don't think they can pull through.

it's true there are teams that can beat them but it's not about samba style- it's about ronaldinho, ronaldo, kaka and adriano on the pitch at the same time not to mention robinho and baptiste off the bench.
anything can happen in a one off game but i dont look at anyone and think "yeah brazil will struggle against them"
.

very true- though i don't look at brazil and think "they won't struggle."  If they go up against Italy's defense or Argentina's quick play, you'll be seeing a Brazil that won't look nearly as potent as they normally do.

true, Italy have some world class defenders, but where will the goals come from, especially if totti isn't back 100% from that injury?  and brazil are more solid at the back than in past years.  dida hasn't had a great season but he's a better keeper than they normally have and lucio has become a top-class defender.  italy are one of 5 or 6 teams that could beat them but i still rate brazil as big favorites.

53
What's with the bowling, anyway?  I mean, don't get me wrong, I think bowling is all good fun. I appreciate any sport that can be done just as well with a beer in hand.  But am I the only one who's concerned that the preoccupation with it at ND is unsettling? Is there really that little else to do in South Bend?

they just play it up as a way to show the camaraderie at the law school.  i dont think its the only thing to do, but it's something almost all the law students do.  everything i got from uiuc, for example, talked about the law school softball league. 

54
General Off-Topic Board / Re: ***OFFICIAL WORLD CUP THREAD***
« on: April 18, 2006, 05:46:39 PM »
all of the above mentioned stuff is true- i just don't think Brazil's samba style is much of a shock or surprise anymore.  if they face truly stiff competiton (which they seem to avoid until later in the Cups usually) I don't think they can pull through.

it's true there are teams that can beat them but it's not about samba style- it's about ronaldinho, ronaldo, kaka and adriano on the pitch at the same time not to mention robinho and baptiste off the bench.
anything can happen in a one off game but i dont look at anyone and think "yeah brazil will struggle against them"

55
so if you don't go to law school you're going to take out 141k in loans and put it in a savings account?

56
i still don't get it, you won't have 141k in 3 years either even if you don't go to law school.

57
General Off-Topic Board / Re: ***OFFICIAL WORLD CUP THREAD***
« on: April 18, 2006, 03:58:46 PM »
i'd say brazil are a lot better than any other side there.  i'd put england a distant second, then argentina, italy and france a bit behind them.  another group with holland, spain and the czech republic right behind them and then i dont think anyone else can win it including germany.

58
I just did a rough calculation, by the time I graduate, I will be $60,000 in debt, this is on top of wiping out my current $20,000 saving, bringing the total sticker price to a $80,000.  Of this amount, about $35,000 is on living cost, so total educational spending is around $45,000. (We still need to eat and drive and sleep if we don't go to school, so living cost doesn't count)

My current salary is a sad $40,000, after tax, I get to keep about $30,000 of it.  Assuming 4% raise a year, total lost wage over 3 years is $96,000.

$45,000 + $96,000 = $141,000. (this is without factoring in the interests I will have to pay on my loan). Assume I put this money in a savings account for 30 years, at roughly 3.5% interests, at the end of 30 years, it will become $395,757.91.

Assuming that I will work for 30 years between graduation and retirement, if the JD degree raise my average annual earning by more than $13,000, than it is a good investment in pure economic sense, otherwise, it is a poor investment.

 ;D (just something to think about and laugh at) ;D
please point out errors in this reasoning.




i think the biggest error is when you talk about putting this money into a savings account.  you don't have this money now or you wouldn't have to take out loans.  if you're earning 40k a year now you should be making considerably more right out of law school from almost any school, so i think law school in general is worth the investment.
plus we all want to be lawyers right?  so that's worth something too.

59
Orientation is 4 months from today...

60
General Off-Topic Board / Re: ***OFFICIAL WORLD CUP THREAD***
« on: April 18, 2006, 03:19:36 PM »
man, the world cup is like 45 days away or so... honestly, there doesn't seem to be one single country i can point at and say :="definitely gonna win it"- i think this is gearing up to be a very competitive cup

what about brazil?

Pages: 1 2 3 4 5 [6] 7 8 9 10 11 ... 49