Wishful Finance Thinking for 2011
I’ve been thinking about some random events/occurrences in the world of money that, if they transpired in 2011, would be quite pleasing to Mr. ToughMoneyLove. For your consideration and comment:
2. Elimination of for-profit colleges. First, we don’t need them. There are too many folks going to college and taking on ridiculous debt in the process. (Read this to understand the problem.) Those folks that actually need a college degree can get one at much lower cost from a public university. Second, for-profit colleges thrive on tuition funded by student borrowing. The default rate on student loans at for-profit colleges is three times higher than at traditional colleges. (Source) Who needs that?
3. Reading a negative review of a credit card on a personal finance blog. These may be over-generalizations, but I submit this to you: (1) Many PF bloggers make a lot of money pushing credit cards on their readers; (2) They push credit cards by “reviewing” them; and (3) They haven’t met a credit card they didn’t like. I would love to see a full-blown review of a credit card on a PF blog that ended with “This card sucks – don’t get one.” (Can anyone send me a link?)
Those are three of my fantasy events for 2011. How about you?