Topic: Taylor to Miss St

[marshallmark]

Maybe it isn't for an adult established in their career already, but for a 20 something college kid that is big money.

Especially a 20 something college kid that shoots below 42% from the field. 

[2xBison]

Maybe it isn't for an adult established in their career already, but for a 20 something college kid that is big money.

Goodness it would be life changing for anyone young that doesn't have family/generational wealth. 


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[Haveyouherd222]

I don't hate him.  I just don't give a 💩 about what happens with him from here on out. And if 250k is life changing money, you need to get off the fry line at McDonalds.

Good grief.   $250K puts him in the top 5% of earners in this country for the year.   $400K, which he is getting, puts him in the top 1.8%.  If you don't think that's life changing for a 22 year old kid coming out of college, I don't know what to tell you.   

[bighat]

I am an accountant and I think that is rapidly changing.

[herd2win]

Good grief.   $250K puts him in the top 5% of earners in this country for the year.   $400K, which he is getting, puts him in the top 1.8%.  If you don't think that's life changing for a 22 year old kid coming out of college, I don't know what to tell you.

It is not.  That is 1 year and not continual.  It can jump start but not life changing long term.  Approximately half going to taxes when you include all the taxes you pay during a year.

It amounts to only about $5k a year over the course of his work life.  Not life changing.

[muherd34]

It is not.  That is 1 year and not continual.  It can jump start but not life changing long term.  Approximately half going to taxes when you include all the taxes you pay during a year.

It amounts to only about $5k a year over the course of his work life.  Not life changing.

Idk, if someone said I can graduate with 0 debt and $210k in the bank I would take that deal.  It would have been life changing for me. Talk about a head start....

[ThunderCat98]

It is not.  That is 1 year and not continual.  It can jump start but not life changing long term.  Approximately half going to taxes when you include all the taxes you pay during a year.

It amounts to only about $5k a year over the course of his work life.  Not life changing.

Don't be obtuse. Of course it's life changing to graduate with no debt and $200,000+ in the bank. You're arguing for the sake of arguing at this point.

[MicDrass1]

No brainer.  Get the $

[herd2win]

Don't be obtuse. Of course it's life changing to graduate with no debt and $200,000+ in the bank. You're arguing for the sake of arguing at this point.

I guess it is perspective.  I would not turn up my nose for that amount, it would just not be life changing.

[2xBison]

It is not.  That is 1 year and not continual.  It can jump start but not life changing long term.  Approximately half going to taxes when you include all the taxes you pay during a year.

It amounts to only about $5k a year over the course of his work life.  Not life changing.

You aren't the sharpest knife in the drawer are you?  Given what he has left after taxes if he doesn't blow it like many idiots do, he can start life with no mortgage or a smaller mortgage, he could fund his retirement if invest correctly or just invest it non retirement.  You should probably do some research on time value of money


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[Garbanjo]

You aren't the sharpest knife in the drawer are you?  Given what he has left after taxes if he doesn't blow it like many idiots do, he can start life with no mortgage or a smaller mortgage, he could fund his retirement if invest correctly or just invest it non retirement.  You should probably do some research on time value of money


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For real

$250K properly invested at 24 years old is "life changing" money

I mean just put in an S&P 500 ETF and check back on it in 30 years

[elginherd]

For real

$250K properly invested at 24 years old is "life changing" money

I mean just put in an S&P 500 ETF and check back on it in 30 years

Garbanjo, there are some, if not most, people on this board who didn't actually have to start from scratch.

[herd2win]

You aren't the sharpest knife in the drawer are you?  Given what he has left after taxes if he doesn't blow it like many idiots do, he can start life with no mortgage or a smaller mortgage, he could fund his retirement if invest correctly or just invest it non retirement.  You should probably do some research on time value of money


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Again, it is perspective.  If your home costs $250k then it provides a home.  If where you live the homes are $1.5 million then the money reduces your mortgage but does not really alter your life.  I understand investing and compound interest, if you have multiple children who are going to college and each one requires $35 to $50k a year then the money helps but is not life altering.

As I stated, i would not turn the money down, he played MU to get mire money from another school, but the amount if money is relative to being "life changing" depends on your situation.

[Always THE HERD]

Again, it is perspective.  If your home costs $250k then it provides a home.  If where you live the homes are $1.5 million then the money reduces your mortgage but does not really alter your life.  I understand investing and compound interest, if you have multiple children who are going to college and each one requires $35 to $50k a year then the money helps but is not life altering.

As I stated, i would not turn the money down, he played MU to get mire money from another school, but the amount if money is relative to being "life changing" depends on your situation.

You mention "perspective". If he didn't take the money, how does he pay for the multiple children going to college? I would say accepting the money is definitely life changing. I don't have a "dog in this hun"....but that is how I see the issue.

[Herdalum83]

I think some of you people are confusing "life-changing" money with "never work again" money.

Outside of a very small percentage of the American populous 250 to 400k is life-changing money. For me that money would allow me to pay off my house, my wife's car, and my student loans. That would absolutely change my life. Does it suddenly provide me with the ability to quit my job and never work again? No. But, it takes away a large chunk of financial stress and burden and allows me to spend the money I earn on more fulfilling endeavors and investment opportunities. Which, I would consider life-changing.

[Always THE HERD]

I think some of you people are confusing "life-changing" money with "never work again" money.

Outside of a very small percentage of the American populous 250 to 400k is life-changing money. For me that money would allow me to pay off my house, my wife's car, and my student loans. That would absolutely change my life. Does it suddenly provide me with the ability to quit my job and never work again? No. But, it takes away a large chunk of financial stress and burden and allows me to spend the money I earn on more fulfilling endeavors and investment opportunities. Which, I would consider life-changing.

You just can't beat common sense!

[Rockin Herd Fan]

Look at it this way, if it wasn't for Covid Taylor's career would be over.  This coming year is a bonus season for him and Taylor got his bonus.  Regardless if 400k is "life changing" or not, it still is a hell of a lot of money!!!  It's not Taylor's fault that Danny brought back two guys for their bonus Covid season whose play on the court didn't warrant them returning, instead of using those scholarships to build some depth on the roster.  It is also not Taylor's fault that Danny used his only scholarship, at the time, on a guard that is going to need some developmental time.  Losing Taylor was never going to be ideal, but the impact could have been lessened if Danny would have been willing to make some tough roster decisions.     

[herdorbust2]

Look at it this way, if it wasn't for Covid Taylor's career would be over.  This coming year is a bonus season for him and Taylor got his bonus.  Regardless if 400k is "life changing" or not, it still is a hell of a lot of money!!!  It's not Taylor's fault that Danny brought back two guys for their bonus Covid season who's play on the court didn't warrant them returning, instead of using those scholarships to build some depth on the roster.  It is also not Taylor's fault that Danny used his only scholarship, at the time, on a guard that is going to need some developmental time.  Losing Taylor was never going to be ideal, but impact could have been lessened if Danny would have been willing to make some tough roster decisions.     

100% fact^^^^^

[scope58]

Look at it this way, if it wasn't for Covid Taylor's career would be over.  This coming year is a bonus season for him and Taylor got his bonus.  Regardless if 400k is "life changing" or not, it still is a hell of a lot of money!!!  It's not Taylor's fault that Danny brought back two guys for their bonus Covid season who's play on the court didn't warrant them returning, instead of using those scholarships to build some depth on the roster.  It is also not Taylor's fault that Danny used his only scholarship, at the time, on a guard that is going to need some developmental time.  Losing Taylor was never going to be ideal, but impact could have been lessened if Danny would have been willing to make some tough roster decisions.     

Rock on ! Well said

[marshallmark]

I think some of you people are confusing "life-changing" money with "never work again" money.

Outside of a very small percentage of the American populous 250 to 400k is life-changing money. For me that money would allow me to pay off my house, my wife's car, and my student loans. That would absolutely change my life. Does it suddenly provide me with the ability to quit my job and never work again? No. But, it takes away a large chunk of financial stress and burden and allows me to spend the money I earn on more fulfilling endeavors and investment opportunities. Which, I would consider life-changing.

If he clears $300k from MS State (if the $400k payment reports are true which I question), and puts that in a retirement investment fund and doesn't touch it, at a moderate rate of return (6%) he'll have over $3 million when he's ready to retire in his early 60s.

[Tim Hensley]

Apparently, MSU plays a slow down offense.  That may not bode well for Andrew.  With two guards returning, he may not even start...   But if he's smart with his money, he's set for life!

[mubowhunter]

This post shows who was born with a silver spoon in their mouth.  I mean having rent free for life would just suck! 

[HoPPy785]

Here's how I look at it... Person A graduates college 50k in debt, has student loan payments, car payments, rent, etc. Has no parents to help. Those bills aren't waiting so Person A takes the best paying job possible regardless if it's their favorite option. They put aside their dream of being a coach one day to work at Enterprise cause they were hiring and paid.

Person B graduates with zero debt and a fat cushion in the bank to supplement life. Person B can now afford a career path of their choice regardless of pay. Want to take that 6mo unpaid NBA internship or make 25k a year being the lowest level sports assistant to work your way up and one day be a head coach, well you can.

Person A never got to be picky about their career and just trudges along in life. Person B got to take that unpaid internship for the NBA or that low paying entry level sports job and eventually had a life changing career.

I've seen it first hand what not worrying about bills when you leave college can allow you to do and yes it alters your life down the road.

[herdorbust2]

Anyone that says 250-400k is no big deal is out of their mind. When you can start out at 23 where most people start out at 50 is huge. It's not the lottery but it's a game changer for sure. Buy you a home and car and then start saving for the rest of your life for retirement instead of paying a mortgage. Plus it gives you a piece of mind going forward. But saying that, can we please stop talking about Andrew? He is gone and I wish him well but don't really care at this point. I'm hoping to talk about our PG if we ever get one.

[parshall2marshall]

I always felt cheated when playing the board Game of Life when an opponent chose not to go to college and won.