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Dave Says No to L.A. Story
Townhall.com ^ | June 12, 2012 | Dave Ramsey

Posted on 06/12/2012 5:16:08 AM PDT by Kaslin

Dear Dave,

My son is a freshman in college. Do you think he should work during his first year in school or focus all his attention on his classes?

Ben

Dear Ben,

I don’t think there’s anything wrong with either direction during their first year of college. But as a parent, I’d urge you not to fall into the trap of thinking that a kid’s grades will go down if they work while in school. Research shows that kids who work while in college carry higher grade point averages than those who don’t.

To me, the reason for this is pretty simple. If you’re working and going to school at the same time, you have to learn how to manage your life and your time effectively. Lots of kids could pay their way through college, and not have to worry with student loans, if they just used the time they spend on social activities and watching television at a job.

I never required my kids to work during the school year. But they all have good work ethics, and they’re definitely not bums. During the summer, though, there was no such thing as sitting around. They had jobs. My youngest just finished his sophomore year, and he’s already started a job. Being a vegetable for the entire summer is useless, and we don’t do useless in our family.

But the philosophy of not wanting a kid to work so they can spend all their time studying is misguided. For the most part, kids who work while they’re in school will make better grades and develop into more mature and well-rounded individuals. And besides, if they’re working they can’t waste all their time playing beer pong!

—Dave

Dear Dave,

I plan to move to Los Angeles to chase my dream of working in the television and film industry. I’m not married, have no kids, and I have $2,500 saved to live on until I can pick up a couple of jobs. I may have to finance a car, though. I’m not sure mine will survive the trip. Under these circumstances, how much of an emergency fund should I shoot for?

Cameron

Dear Cameron,

So, you’re looking at moving to California with $2,500 in your pocket, a car payment, and no job waiting. This is a disaster waiting to happen, my friend. Don’t get me wrong. I want you to live your dream, but I don’t want it turning into a nightmare.

There’s no way I’d take a car payment to California. And you’re going to need a lot more than just $2,500, unless you have a job lined up. Even if there’s work waiting for you, $2,500 will disappear in about 20 minutes in Los Angeles.

Slow down and take your time. Plan a trip to the coast and figure out what your living arrangements and expenses are going to look like first. Then, line up a job that will pay you enough to cover your expenses. In the meantime, save up enough money to fix your car, or if it’s in really rough shape, to buy a good, used one.

Once all this is done, then you make the move—without a car payment. Moving when you’re broke with no job prospects and a car payment hanging around your neck is a recipe for disaster!

—Dave


TOPICS: Business/Economy
KEYWORDS: daveramsey; ramsey

1 posted on 06/12/2012 5:16:10 AM PDT by Kaslin
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To: Kaslin

I somewhat agree with Dave about working during college having benefit, but I don’t think it’s an absolute - you can work enough that it does compromise your ability to study. Also, jobs tend to be a little less flexible than education - when the two collide, as will happen, the easiest path to take is to cut class, or cut study short, or skip opportunities that may be beneficial in the long run.

A lot, to be sure, depends on the job, the employer, and the proximity to school/home and whether living on campus or commuting, as well as the work ethic and dedication of the student.

If I had the chance to do it over again, I think I’d work for one or two years before college, and then go to college exclusively, with no, or very little, working during the school year. I’d also then take a very heavy schedule, including taking classis in the summer semester/trimester to finish earlier.


2 posted on 06/12/2012 5:51:20 AM PDT by chrisser (Starve the Monkeys!)
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To: Kaslin

What Dave should have said...

Dear Cameron,
There is very little film production in LA, that already tells me you have not done your research nor have any freaking idea what you are doing...

Second, if production in film and tv is down, doesnt that mean there are 1000’s of people that have been in the business for years that will take that job before you?

Third, The TV and Movie industry actually sucks to work in. Long hours, tons of boring on set time, then dealing with arrogant egoist that will fire your country bumpkin ass just for wearing that shirt you have on...

Go and get an education, the only thing you know of the film and tv industry is what you have seen on TV. Which btw creates FICTION....

Now go, Milk the cows...and burn all of your copies of tiger beat magazine.... $2500 bucks in LA... IDIOT...


3 posted on 06/12/2012 5:57:14 AM PDT by Walkingfeather
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To: Walkingfeather

Your comment is why I wish FreeRepublic had a “Like” button! Sometimes, nothing more needs to be said!


4 posted on 06/12/2012 6:54:41 AM PDT by Lou L (The Senate without a filibuster is just a 100-member version of the House.)
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To: Kaslin; CSM

Dave Ramsey ping!


5 posted on 06/18/2012 7:34:48 PM PDT by Altariel ("Curse your sudden but inevitable betrayal!")
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To: Hoosier Catholic Momma; CottonBall; TenthAmendmentChampion; Chickensoup; JDoutrider; ...

I am part of a recruiting team that represents my Alma Mater and I can tell everyone that those that have a work history while maintianing a good GPA are the ones that DO get bumped up on the priority list for interviews!

Thank you Kaslin for posting the article and thank you Altariel for posting the article.

If you would like to be added to the “Live like no one else, so that you can LIVE like no one else” list, feel free to Freepmail me.


6 posted on 06/19/2012 6:12:39 AM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: Walkingfeather

Perfect!


7 posted on 06/19/2012 7:45:36 AM PDT by al_c (http://www.blowoutcongress.com)
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To: Kaslin

I busted my butt for college. I paid for it all, every credit, every book, every fee. I worked every day and went to school, I drove a school bus, worked the summers, had 2 jobs and went to school, worked 3rd shift as a security guard, went to class all day and slept before going back to work, and was a bar back on the weekends. My parents didn’t have the money to pay for my school. They worked hard to feed and clothe us. My oldest brother paid for all of his including a Masters degree, my other brother left for the Navy and that is when I got my own bedroom, at 16 (FYI he is still active duty on 30 years now!). My dad was a firm “hard work pays off” kind of guy. Even when I worked those jobs they were nice enough to feed and shelter me while I went to college. But that was about it.

Big Name Universities are overrated. I learned more in Kindergarten, and by working than I ever learned in college. Specialized courses and OJT when you have the job are what really matter.

If I had to do it today I would be very careful of what I paid, and get every credit I could at a community college and finish off at a nearby state college. You can still graduate school with ZERO debt and a great GPA. It only takes hard work and discipline. Those are hard to come by, but are worth more than the degree every time.

I am team lead of electrical engineers now, for the GLOBAL #2 Company in the World. You don’t get here without working hard.


8 posted on 06/19/2012 4:48:35 PM PDT by King_Corey (www.kingcorey.com -- OpenCarry.org)
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