zzzzzzz wrote:
joedirt wrote:It depends on what her phd is in and how much it is costing her. If it is in art history, psychology, social work or administration, than it probably is not worth it. If it is in something technical or medical related, than it probably is worth it. I had an ex that sounds like your friend. She was a financial train wreck [$200k+ in student loans, defaulted on a home loan, finally got her doctorate (in a field that doesn't really require a doctorate and only pays about $80k a year) at 35]. Now she is 40, probably still has a negative net worth (and based upon her xmas cards she still tends to burn through money travelling). Her only salvation is she has no kids and is still single. Best relationship I ever ended. I'll stick with the undergrad degree in engineering I got at 22 that pays better and has me worth well north of a million dollars at 40.
Another way to look at it is that she achieved an impressive goal (a Ph.D in any field is a big accomplishment no matter how you slice it), is supporting herself just fine, and has extra money to do fun stuff like travel. You can't your million dollars with you when you die.
I don't know how you can say that with a straight face. A useless Ph.D. is not an accomplishment and she is not supporting herself fine, she's in debt. These life choices should be ridiculed so others don't make the same mistake.