I personally never understood dropping out when something like this happeneds. Like bro now you got the money to have the degree and not worry about paying it off. Might as well have it just to have it
Google is really shady. So whenever we use the share button on YouTube, they add a code to the end of the link that offers no benefit to us, but allows Google to tie your machine as source who shared the link that others click on. When you look at the link that you posted, you'll see the letters SI in it and after that, you see the tracker.
To work around this, on desktop, you can copy the link from the address bar, which won't include the code. Also, Firefox has a feature to copy links without trackers in them, because the practice is pervasive. On mobile, I would recommend just backspacing the junk in hopes of protecting your privacy a tiny bit.
When I started, my advisor told me to not think of myself as an employee, but as a "researcher". IE I don't get to clock out, my life revolved around learning/reseaching
Generally no if we consider it from a financial perspective. Whether or not it’s worth it on an emotional level is very individual
I work in engineering with a masters, and I make more than people with only a bachelors. However, even with the masters pay bump I am unlikely to ever make enough extra money to make up for the financial losses I incurred in getting the graduate degree. It’s only “worth it” financially if you work full time and have your company pay for the degree.
PHDs make about the same amount of money and get about the same positions as someone with an only Masters. You get a PHD because you love studying and research enough to basically give up half of a decade of your life.
I considered getting a PHD until I realized that >50% of the PHD students and graduates I spoke to described it as, “6 years of my life I’ll never get back”.
In some ways I understand it though. I'm sure the pecking order and bragging rights of being one of the only fans people that makes enough money to classify yourself in like the top 5% of income earners in America is probably more thrilling and exciting than having a PhD.
Plus, if she's going for her PhD she probably already has her master's degree so it's not like she gave up academia entirely without getting anything from it.
That being said, I still agree with you. If you were close enough to be in the program you might as well just finish it off. What's it going to do, stop you from posting your photos on only fans?
And if you can earn a million each year as an alternative, why wouldn't you go for it? I love science, but we live in a real world, not in a dream, and this real world decided that science wouldn't be rewarding.
With 2m instead properly you won't have to work another day in your life, with 1m you won't either but you might not be able to live in the buffet cities.
We were talking about winning the lotto at work once and I said with a million dollars I would probably quit if I could earn 5% interest on it to get 50k a year. My boss was like, that's not enough you have to think about daycare and mortgage and car payments and everything. I then reminded him that I was currently making 30k a year. He stopped talking very quickly lol.
The thing you may be forgetting to account for is inflation. 50k a year means your drawing the whole profit annually and in 10 or 20 years suddenly 50k is not enough to live on. You need enough in the fund to ensure it’s making more money than you spend so it can grow YoY and make more each year to cover inflation.
Additionally, if you are not working you are paying 100% out of pocket for insurance. One health incident draws your savings below the amount you need to live off of.
Right now they say not to retire at 60 unless you fully own your property and have over a million in your 401k. And that’s accounting for taking a loss to your social security payments past 67 due to early withdrawal and for out of pocket health insurance costs. If you are younger you need even more.
They said invested, not 'put in a checking account and drawn down'. Even 5% returns would be 50k annually, which is already more than the median individual income. Actual return on the S&P 500 for the last 25 years has been around 8%.
You can always get that degree later when your income slows down. You'll have more total money if you dedicate yourself full-time to the money-making endeavour.