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Is it Smart for Me to Take Out Student Loans?

Is it Smart for Me to Take Out Student Loans?

In this post my friend (whose recent post “Do You Want Financial Security or the Appearance of Wealth,” on 30 Dec 2013 on www.micawberprinciple.com, was selected to appear on rockstarfinance.com, a site that describes itself as “A Collection of Awesome Money Articles.”) discusses how to estimate the financial payoff for taking out student loans.

Applying this retroactively to my undergraduate degree and student loans, my payoff time was 0.65 years. In actuality, because I had an incredibly low interest rate, I paid it off slowly, with only an extra $10/month toward the principle, until I was about 2/3 done, then I started paying it off aggressively. My total payoff time in real life was about 4 years.

Languages of Love

An Americanized Haiku cycle

I was clearing snow off of people’s vehicles at work the other day before leaving, and I was reminded of an event and conversation from a few years ago. This served as a partial inspiration for this poem. One Sunday in March that year, I was clearing snow off of people’s vehicles after church (the congregation consisted of single students). There was one vehicle in particular that I wanted to clear the snow from, as an act of service to utilize that third language of love. A friend was helping me, and I made sure I cleared the snow from the car I wanted to. We did several other cars, and eventually a female friend leaving from choir practice "caught" us as we were near her car. Later, our ward congregation gathered for prayer in the evening. This female friend brought up the snow clearing. In response to whatever she had said, I mentioned that indeed, there was one car in particular I wanted to get. My friend asked, "So did you get the car you wanted to get?" I said I had. Another young woman had come near around then, heard that last bit, and asked, "So what kind of car did you get?" It still makes me laugh.

Doctor John Lund speaks
Of three languages of love.
Not Latin nor Greek;

Communication
Of feelings of affection,
Of adoration,

Is what classifies
These universally known
Tongues of human kind.

The first, as a dove,
From our mouths come dulcet tones
Showing forth heart, mind;

To loved ones they fly.
A kiss, a hug, holding hands
In Venn Diagram

Circle of second,
Dear to the heart they beckon
As time slips away.

Oh be not dismayed,
I’ll tell you language third;
‘Tis where love is shown

By deed, being served.
In all these my heart has grown,
And each I have sown.

Sometimes by custom
Or by laws of God or man
Language may be banned.

These words, please trust ’em,
When speaking love is taboo;
Ca, c’est défendu,

Skin—largest organ—
To caress, tickle, or kiss.
Use laws De Morgan:

Not second or first
Leaves for use only the third—
In service find bliss,

Though craving for word
And spark and fire you may miss
(Not alone in this),

From one heart they come.
Ability to feel not numbed
By unspoken tongues;

Heart with song now hums
E’en though sleep be required,
By thee inspired.

Copyright © 2014 H.K. Longmore

Three Misses

Soaking wet

Leaving work one day I took my AWD vehicle through a patch of snow that wasn’t plowed. The magnitude of my velocity vector was too small, inspiring the second stanza. My pants and gloves got soaked trying to dig the snow out from underneath.

Was it this word,
Or that, that she said?
“Life” he thought he heard,
But ’twas spoken while she fed;
“Mouth” is thus not absurd.
Misheard.

It will not budge;
His car is stuck.
The ice-crusted snow it can only nudge.
Did he think he drove a truck?
Must he now homeward trudge?
Misjudged.

For words overheard in passing he could
Seek meaning, though lacking context.
Alternate possibilities, weight of wood,
He might settle on the wrong text.
The comment made, was it for the good?
Misunderstood.

Copyright © 2014. H.K. Longmore

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Ask (and Answer) the Right Questions Before Taking Out Student Loans

Ask (and Answer) the Right Questions Before Taking Out Student Loans

Another finance blog post from my friend. Make sure to give System 2 a bit of a push off the couch. (It helps the analysis if your intended field of study as a grad student pays you to get the degree, as was the case for me.)

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What Can You Learn About Personal Finance From Ebenezer Scrooge?

Scrooge's third visitor, from Charles Dickens: A Christmas Carol.

Scrooge’s third visitor, from Charles Dickens: A Christmas Carol. (Photo credit: Wikipedia)

What Can You Learn About Personal Finance From Ebenezer Scrooge?

Another fantastic blog post from my friend’s personal finance blog, exploring our individual relationships with money and how we can change those relationships.

Sirens, Angels, and Recruiters

Odysseus and the Sirens. An 1891 painting by J...

Odysseus and the Sirens. An 1891 painting by John William Waterhouse. (Photo credit: Wikipedia)

A recruiter for a company quite famous
Sought me out, activating my white ramus.
She shuffled the cards and splayed the deck
To tempt me with projects high tech.

The timing’s wrong, said I, though enticed.
She said she would again roll the dice
To see if feelings mine remained the same
In months a few (if few and couple share a name).

A couple have passed, and the idea’s tempting.
The coolness factor plays my vanity unrelenting;
But I’ve not heard her voice,
There could be a siren hidden in this choice.

And I’m still entranced by another voice:
The lure of siren or an angel that doth rejoice.
Yet voice of siren it cannot be, of this I am sure,
For a siren is always singing, always lures

And such is not the case.
Sometimes this voice is with caterwaul laced.
It oft times will test and try me;
Yet in proximity, from its power I cannot flee.

Is it the call of an angel then?
I have a key plucked from garden zen:
Pray tell, my friend, what is an angel?
A servant, a messenger—from Greek angelos.

No message by this voice hath been delivered;
No token of the Served hath my knees quivered.
A mere mortal then? And yet the voice I ken:
‘Tis a Muse for my pen.

So to the recruiter my thoughts return:
A siren lure, or an escape—a sauternes
To dull my mind, the power of the voice forget;
Kismet that the voice no more my heart beset?

My feelings do not so quickly change,
I’m loath my life to rearrange,
But it would provide the easy way out;
Leaving future wonder in full doubt.

My heart says the timing’s still off,
Though I avoid the voice by my cough.
Call it inaction, call it fate;
My head agrees and so I wait.

Copyright © 2013 H.K. Longmore

Video

Computer programmer teaches homeless to code

Wow. This is pretty cool. I’ve been wanting to do something similar to Patrick for several years now, though I was thinking on a larger scale. Now I feel like, “What was my excuse?” Oh, it was that I didn’t want to do fundraising to start my own non-profit. Props to Patrick, Logan, and Leo!

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Everything You Need to Know About Personal Finance in 7 Words

Everything You Need to Know About Personal Finance in 7 Words

From a friend’s personal finance blog comes a fantastic bit of personal finance advice. I’ll give you the 7 words here, but I highly recommend the full article. The 7 words: Place a substantial premium on the future.

The Spoon, the Bull, and the Pickaxe

If you're installing a sink, and you have to do this to get the pipes to connect, try another way. That way, those coming after you won't curse your unknown name.

If you’re installing a sink, and you have to do this to get the pipes to connect, try another way. That way, those coming after you won’t curse your unknown name.

A small metal spoon slipped silently,
Submerged beneath the suds,
Into the dark abyss of the insinkerator,
Preventing progress
Of waste: from a garlic press,
Or catered scraps of ‘tater;
From recipes now deemed duds
As the baker sighs gently.

The proverbial china shop
Guards against the bull.
Upon learning of his coming,
The owner clears all his stocks.
But his plan the bull mocks;
His hooves, incessant drumming
With which he breaks societal rule.
Now comes the owner’s son, armed with mop.

A pickaxe-wielding ‘niner,
I strike my core and rock the spike:
Am I ever the bull,
Or am I at times the spoon?
Do I stop the disposer’s tune,
Or as a bull—as a fool—
Do I others psyche,
Yet think I am the china?

Copyright © 2013 H.K. Longmore

Three Short Strands

One

Every time I do, I’m glad I did.
Every time I don’t, with myself I’m livid.
Perhaps someday my gladness I’ll learn
To follow instead of letting my stomach churn.

Two

One winter night
On her memory a blight:
Seized as I stood;
The result would not be good.

Pulled from a fall,
I turned to see gall:
Certain it was my choice,
To sorrow her feet gave voice.

Three

Over the edge he leans,
The river’s eyes gleam.
He tries to let it run through,
To bid its warm touch welcome,
But fears what he’d become
If nothing grew.

Copyright © 2013 H.K. Longmore

Cathartic Ventures

The whistle of a teapot
As the painter adds another spot.
The spillway with water flows
As the writer pens some prose.

Steam exudes from the dryer vent
While the poet works out what he meant
And what he said from what he intended,
For fear the meaning was upended.

But tonight well after dark,
This guy, he was a madman in the park:
Singing at the top of his lungs,
A full concert was sung.

He sang some old favorites, some new
In full pursuit of cathartic stew.
Twenty songs later, he left for home
Solely because his smartphone battery groaned.

Copyright © 2013 H.K. Longmore

The Metronome and the Score

I demand your attention, first and foremost.
Do not consider Melody, don’t with Harmony cheat.
At your party, I am the host.
You can find me after the key: I am the beat.

Relentless am I, so mind the ligature.
And unless you see bird’s eye view,
Sequence keep and count me true;
Else reap the sequitur
Of ignoring my signature.

Should you try to force my hand
Doting on members of the band
Or giving devotion to the tempo,
I’ll plant no jealous seed, give no heed—
We’ll fail to find crescendo.
Annoyed? Take it up with Jack Dempsey.

Try again my affection to win
By focusing on a riff
The riff will be lost in the din
And my affection in the rift.

But keep four on the floor
Or accentuate the off beat in four-four
You may begin to feel
The tapping of your heel
And find that you more than the score I adore!

Copyright © 2013 H.K. Longmore