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<p>I said nothing about highly sought-after, well-paying jobs. People starting at $140K with a BA are in another category. Everyone knows that people in some careers in a major city need to dress a certain way, etc.</p>
<p>The vast majority of students graduating with debt are in a completely different type of job. Even students graduating without debt are guilty of living paycheck to paycheck, living on credit card debt, and not building up any reserves at all. It is hard to do in a low wage job, I’ve been there myself. But it can be done. I had friends back in the day who, if they received a $1,500 bonus, promptly went on a vacation to Europe. I put my bonus in a money market fund. </p>
<p>I bet that the vast majority of people with new master’s degrees don’t get $80K jobs, either. This guy had significant relevant experience. Nevertheless, his advice holds true.</p>