Originally Posted by threeighteen

1. Don't borrow money for a useless degree. Save money first, then go to school. Or get the military or an employer to pay for tuition.
2. Don't borrow money for a car you don't need. Reliable used cars can be had for $2500 or less all day. My last airport junker cost me $500 to purchase, I put 200k miles on it, and sold it for $500. Average cost of maintenance per year was $1200. Or get a bike. Or take public transport.
3. Don't rent a luxury 1BR apartment for $1500. Rent a non-luxury 2 BR/1BA apartment for $1200 and split it with a friend.
4. Don't borrow money for Starbucks, drinks out, and whatever else that millennials use credit cards to blow crazy money that they don't have.
5. Don't adopt a furry "friend" so unnecessarily early in life. Some study I found on the internet says that 57 percent of millennial households own a pet and the generation is 77 percent more likely than other generations to get a pet before they marry or have children. And many millennials make their home buying decisions based upon their pet. Something like one-third of millennials, which is the largest group of home buyers, buy a new home to have more space or a better yard for their dog. This age group also spends more on their dogs, with purchases of pet care items, toys, treats, and vet visits. None of this is necessary, but they won't admit that when they're whining about being unable to save for a house or a retirement when they're spending at least $15,000 on their dog over its lifetime (my guess is that it's much higher than that number. Save the dog for the retirement when you need an excuse to get out of the house and go to the park, enjoy not having that responsibility when you're 25-35 so you can go pick up extra shifts or spend a weekend out of town.

There's a ton of other ways to save money without living a miserable life, however millennials just can't admit that they're suffering from extreme lifestyle creep that is a product of being raised by boomers who've benefited more from economic growth than any other generation in the history in the world. Millennials are trying to live the boomer lifestyles that their parents do, without being willing to live well within their means for a decade or two to establish themselves financially first.

Originally Posted by thefauxfox

Howdy. 20y/o here. Worked hard since I was twelve both in and out of school, saved my money + I have parents who are stable enough to help me on my feet. Graduated HS with 30 college credits knocked down for free (dual enrolled) and was fortunate enough to have my parents pay for me getting my PPL. I followed the advice of damn near every person I interacted with and went to Auburn. My one year at Auburn getting my IR cost me approx. $42k in student loans (after my parents burned through our college fund).

AU was an out of state decision, if I had stayed in state we would be looking somewhere in the range of $25-30k for the cost of this year. Regardless of any of that if I had stuck it out at AU I'd graduate about 160-170k in debt, and in state+pt.61 lessons (where I switched) will run me about 100k all in. How the hell do you save for that? The answer is you don't. You take out loans.
My friends who made the "right" decision to leave their state to go to AU and receive training will be making approx. $1600/month minimum payments for about 12 years after they graduate. I'll be joining them with approx. $1000/month payments over the same timeframe.
Once we graduate we're looking at regionals/CFI'ing for 2-10ish years. Post tax take home of what? 3000 a month? MAYBE 4?

Listen, I love the Dave Ramsey advice, but some of us are following it all and still going to be at the very least inhibited by this. I'm not trying to say I have it better or worse than anybody before me, but I am trying to help you recognize sometimes certain obstacles are just damn near insurmountable and millenials/gen z are not just a bunch of avocado toast eating starbucks drinking yuppies wondering why we can't lease a Bimmer rent a 2 bed in DUMBO and get breakfast out everyday

Originally Posted by Freighthotdog

You can easily get a 4 year aviation degree at a much smaller school for under $70k, ratings and all.

Originally Posted by Freighthotdog

You can easily get a 4 year aviation degree at a much smaller school for under $70k, ratings and all.

Originally Posted by SonicFlyer

Really?

Which one?

Originally Posted by SonicFlyer

Really?

Which one?

Originally Posted by Freighthotdog

You can easily get a 4 year aviation degree at a much smaller school for under $70k, ratings and all.

Originally Posted by VegasChris

I think my bill from Liberty was around 75k. I transferred most of my core classes in from my previous degrees. Just the degree specific courses plus about 15 units and the flight training was definitely under 80k

Originally Posted by threeighteen

1. Don't borrow money for a useless degree. Save money first, then go to school. Or get the military or an employer to pay for tuition.
2. Don't borrow money for a car you don't need. Reliable used cars can be had for $2500 or less all day. My last airport junker cost me $500 to purchase, I put 200k miles on it, and sold it for $500. Average cost of maintenance per year was $1200. Or get a bike. Or take public transport.
3. Don't rent a luxury 1BR apartment for $1500. Rent a non-luxury 2 BR/1BA apartment for $1200 and split it with a friend.
4. Don't borrow money for Starbucks, drinks out, and whatever else that millennials use credit cards to blow crazy money that they don't have.
5. Don't adopt a furry "friend" so unnecessarily early in life. Some study I found on the internet says that 57 percent of millennial households own a pet and the generation is 77 percent more likely than other generations to get a pet before they marry or have children. And many millennials make their home buying decisions based upon their pet. Something like one-third of millennials, which is the largest group of home buyers, buy a new home to have more space or a better yard for their dog. This age group also spends more on their dogs, with purchases of pet care items, toys, treats, and vet visits. None of this is necessary, but they won't admit that when they're whining about being unable to save for a house or a retirement when they're spending at least $15,000 on their dog over its lifetime (my guess is that it's much higher than that number. Save the dog for the retirement when you need an excuse to get out of the house and go to the park, enjoy not having that responsibility when you're 25-35 so you can go pick up extra shifts or spend a weekend out of town.

There's a ton of other ways to save money without living a miserable life, however millennials just can't admit that they're suffering from extreme lifestyle creep that is a product of being raised by boomers who've benefited more from economic growth than any other generation in the history in the world. Millennials are trying to live the boomer lifestyles that their parents do, without being willing to live well within their means for a decade or two to establish themselves financially first.

Originally Posted by SonicFlyer

How long ago?