Car Loans - keeping America poor?

KurtR said:
Yep we built one had it for four years and sold it . More or less broke even each year it we owned it. Only money we made was because I built it and sold the building for a profit. No one in this town wants to pay what it costs to even keep the doors open.
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Back in 2012 I was paying about a grand a month for my son for a really good daycare and it was a great deal for my area. The way I’ve seen people make money is use their own house and take in a bunch of kids.
 
Billinsd said:
Back in 2012 I was paying about a grand a month for my son for a really good daycare and it was a great deal for my area. The way I’ve seen people make money is use their own house and take in a bunch of kids.
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Legally here you can only have 12 kids in home and that depends on the ages but the in home ones don’t get the laws enforced like they should. The way those kids break stuff in glad it wasn’t at my house haha. It was 123.00 a week the first year we had it and people were bitching all around town. When we sold had raised prices to 160 and after Covid that barley coverd costs. Every one thinks your cutting a fat hog with out having a clue what costs are.
 
KurtR said:
Legally here you can only have 12 kids in home and that depends on the ages but the in home ones don’t get the laws enforced like they should. The way those kids break stuff in glad it wasn’t at my house haha. It was 123.00 a week the first year we had it and people were bitching all around town. When we sold had raised prices to 160 and after Covid that barley coverd costs. Every one thinks your cutting a fat hog with out having a clue what costs are.
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I think when my wife closed shop, it was somewhere around 800 a month. She actually did really well when she had good clients.I’m pretty sure that her daycare was the only place some of those kids got actual, prepared fresh food. She taught a lot of youngsters how to read, tie shoes and say please and thank you.
Like I said earlier, it was pretty sad to watch some of these kids go through life.
 
KurtR said:
When we sold had raised prices to 160 and after Covid that barley coverd costs. Every one thinks your cutting a fat hog with out having a clue what costs are.
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Liability frightens me the most!! There was a terrible incident near me where a worker was falsely accused of molesting kids, it ruined that person’s life, even though they were exonerated. My wife’s friend had someone (she thought the Arab neighbors, because she assisted a woman who said she was trying to escape the Arabs house, they were probably trafficking women) accuse her of taking inappropriate photos of her daycare kids on the patio!! She got investigated and went through hell! My wife wanted to run a daycare in our house and I said never, and especially never in San Diego!!
 
180ls1 said:
I like my interest to compound at a higher rate.

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I;m used to hearing people selling their futures down river for new trucks they can't afford,but I was floored when I heard him say he pays $450 a MONTH for insurance. For a KIA. This country is cooked.
 
CorbLand said:
All of this has also allowed businesses to require a four year degree to get entry level positions. Thus, further pushing the student to go get a degree so they can get a seat at the table. Keeps demand high.
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Earning a college degree shows potential employers you can stick with something for several years and finish it! Most people don’t finish. You are delaying entering the work force for several years to get an education that will teach you great organizational skills, people skills, problem solving skills, time management skills and hopefully catapult you way ahead of everyone else soon after you graduate into a better paying job and higher social status. The better the college, the harder the degree the better the resume the better odds of a good entry level employee! Is that fool proof? Of course not, however, it has been tried and true for most careers. I’m seeing in the civil engineering field that virtually everyone in senior or management positions has an MS in Civil and or an MBA, which was not common 30 years ago.
 
mostlybirch said:
I;m used to hearing people selling their futures down river for new trucks they can't afford,but I was floored when I heard him say he pays $450 a MONTH for insurance. For a KIA. This country is cooked.
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A friend from Denmark said “It’s very expensive to be stupid and poor in America!”
 
KurtR said:
Legally here you can only have 12 kids in home and that depends on the ages but the in home ones don’t get the laws enforced like they should. The way those kids break stuff in glad it wasn’t at my house haha. It was 123.00 a week the first year we had it and people were bitching all around town. When we sold had raised prices to 160 and after Covid that barley coverd costs. Every one thinks your cutting a fat hog with out having a clue what costs are.
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Either prices have gone up a bunch or I’m in the wrong place. We pay $100 a day right now for one kiddo. She has 8-10 kids at her home.

My math puts her close to $200k a year. Still not worth it.
 
Billinsd said:
Earning a college degree shows potential employers you can stick with something for several years and finish it! Most people don’t finish. You are delaying entering the work force for several years to get an education that will teach you great organizational skills, people skills, problem solving skills, time management skills and hopefully catapult you way ahead of everyone else soon after you graduate into a better paying job and higher social status. The better the college, the harder the degree the better the resume the better odds of a good entry level employee! Is that fool proof? Of course not, however, it has been tried and true for most careers. I’m seeing in the civil engineering field that virtually everyone in senior or management positions has an MS in Civil and or an MBA, which was not common 30 years ago.
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Depends on the field. Most folks coming in do have a bachelors degree but I tend to avoid MBAs anymore (on the US side of the business, not all locations) they are harder to coach. Though once someone has some job experience its all about professional accomplishment not degree.
 
Tahoe1305 said:
Either prices have gone up a bunch or I’m in the wrong place. We pay $100 a day right now for one kiddo. She has 8-10 kids at her home.

My math puts her close to $200k a year. Still not worth it.
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If we could have got 100 a kid per day we would still own it . My wife had 30 kids at the center and 6 employees . I could have been a paid maintenance man instead of spending every night after work fixing stuff haha.
 
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