251: Is College Worth the Cost? This 30,000 Variable Study Says "Sometimes..."

251: Is College Worth the Cost? This 30,000 Variable Study Says "Sometimes..."

Is college worth it? For the first time in history, we may have a definitive answer to whether or not your specific degree and school choice provides a positive ROI. We know that ROI isn’t the only thing that matters when choosing a degree, but when looking at higher education through a financial independence lens, it’s definitely the highest value. Looking through census, employment, and Department of Education data is number crunching crusader, Preston Cooper. Preston and his team over at The Foundation for Research on Equal Opportunity put together the most extensive research on college degree ROI ever created. Preston’s findings allow you to parse through over 30,000 degrees and school choices so you (or your child) can make the best decision on where to get a bachelor's degree. Preston discusses the discrepancies between nonprofit and for-profit university degrees, whether or not high-cost schools equal a higher payday through life, and why even going to Harvard doesn’t secure a high ROI. Want to know the true value of your degree? Tune in and check out Preston’s full study! In This Episode We Cover How much you could benefit, in general, from getting an undergraduate degree The degrees that have the highest lifetime ROI Degrees that offer little-to-no or negative financial benefit Whether investing in real estate or a college degree is more worth it The biggest criticisms of Preston’s study and how he combats them Dave, Mindy, and Scott’s ROI on their respective degrees And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(748)

196: Finance Friday: Debt-Free, Great Pensions, But Will it Be Enough?

196: Finance Friday: Debt-Free, Great Pensions, But Will it Be Enough?

Getting out of debt can be very empowering, which is exactly how Azar and Jeffrey felt when they paid off $83,000 of debt in under 3 years! They thought it may be the best time to start investing in r...

14 Mai 20211h 28min

195: 3 Degrees, Debt Free, and “Coasting” to Financial Independence

195: 3 Degrees, Debt Free, and “Coasting” to Financial Independence

Student loans can often drag people into debt, especially when chasing more than one degree. But here’s an unusual story: Brenda Olmost, PhD student, nurse practitioner, and member of the FIRE communi...

10 Mai 202157min

194: Finance Friday: Will I Still Be Able to Hit Retirement At 60?

194: Finance Friday: Will I Still Be Able to Hit Retirement At 60?

It’s a common concern among many Americans on whether or not they can retire on a timeline they feel comfortable with. In this episode, we talk to Deb, who’s having some of those same concerns. She ha...

7 Mai 20211h 16min

193: Building a Business After Homelessness, Addiction, and Debt

193: Building a Business After Homelessness, Addiction, and Debt

Part of the mission of the BiggerPockets Money Show is to share journeys from all walks of life. Our guests show that no matter where you’re at, you can reach financial freedom and enjoy your life on ...

3 Mai 20211h 27min

192: I Make Great Money - Why Do I Feel So Broke? Finance Friday

192: I Make Great Money - Why Do I Feel So Broke? Finance Friday

In many of our lives, we make a decent salary, we try to save and invest, but we still feel bogged down by debt. How is it possible to feel “broke” while making a great salary? That is the question th...

30 Apr 20211h 5min

191: It’s Not Your Money, It’s Your Future Self’s Money with Angela Rozmyn

191: It’s Not Your Money, It’s Your Future Self’s Money with Angela Rozmyn

Many of us have had the benefit of growing up in households where our parents taught us about money, saving, and investing. Angela Rozmyn was raised in one of these households, and when she wanted som...

26 Apr 20211h

190: Why You Should Always Have Side-Income: Finance Friday with Rachael

190: Why You Should Always Have Side-Income: Finance Friday with Rachael

Side businesses can be a fantastic way to boost your savings and investing rates, especially if you’re making a low salary! Rachael works in the insurance industry and is keen on getting a promotion s...

23 Apr 20211h 1min

189: Revenge Spending: How It’s Sabotaging Your Financial Relationship

189: Revenge Spending: How It’s Sabotaging Your Financial Relationship

Getting a finance degree doesn’t make you a great investor or saver, that’s what Teri Slater, personal finance coach found to be true after completing her degree. From a relatively early stage, Teri h...

19 Apr 20211h 4min

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