Discover and read the best of Twitter Threads about #moneymonday
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#MoneyMonday 𝐌𝐨𝐭𝐢𝐯𝐚𝐭𝐢𝐨𝐧 Albert Einstein is said to have said that the greatest creation of man is compound interest. While this is a rumour, it maybe worth exploring why compound interest can even be seen as this valuable.
Albert Einstein to the people who quote that: 
Why is compound interest so great? 1. It ensures that in time, even the poorest person in the world can create wealth for generations yet unborn. $1 put into fixed deposit at 5% interest, will become a million dollars one day.
As today is #MoneyMonday, let's talk $$$. IUB's annual mandatory fees have always exceeded monthly rent. But in the last 3 yrs the difference rose exponentially. Some students pay nearly 2 mths rent worth of fees every year, shoving us headfirst into poverty. #EndTheFeesIU
At anywhere between $1000-$1400 a year, IUB's prohibitive fees currently rank only second to U-Nebraska among the Big Ten schools. Something they do not put in your offer letters or warn you will bleed into the little income you make as a grad worker. #EndTheFeesIU
Will withholding our mandatory fees hurt IU financially? Lol, not even a little. This is a paltry drop in the ocean in terms of generating revenue. But the harm & precarity the fees leave grad workers in is REAL. Grad workers are in debt, in anxiety, in poverty. #EndTheFeesIU
