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I don’t know why more people don’t do this. But I can tell you how to save millions of dollars. Just two simple decisions:A) Don’t buy a house.Lets say you buy a $500,000 house.You put $150,000 down (30%). You pay another $30,000 real estate commissions.You put another $50,000 into maintenance (I’m making it up but that seems very conservative).That’s $230,000 GONE.(this house is built on top of a massive fault line for earthquakes. People like to gamble)Do you get it back? Maybe. If you bought at the right time, if you are a good real estate investor, if you don't need the money back at the same time the market crashes, and several other factors. If you don't just put that money into the next house you buy.Do you spend less on rent? Mortgage plus real estate taxes on the above are about $3000 / month.Maybe you would spend $3000–4000 a month. Maybe more. Maybe less. Depends on the market.So in the owning situation you are out $230,000 for a LONG time.In the second situation, you keep your $230,000. You can use that to start a business, to invest, to do whatever.In both cases you spend around the same amount of money per month.In the ownership case, you might gain money if the house gains. But from 1890 - 2004, housing prices gained 0.4% a year over inflation. There are much better investments. And your investment is tied up in an asset that is 100% illiquid (i.e. you can’t get your money out).Is it a “home” if you rent? That is 100% up to you and nobody else. Find the situation that works for you. It’s not your home anyway if the bank or state can easily take it away (and they will) when times are hard for you.What if you wait 20 years and pay off your mortgage? Then good for you. But average house turnover in the United States is four years.$230,000 means you have to make about $450,000 pre-taxes.[Here are the other reasons why it’s financial suicide to own a house]B) Don’t send kids to college.This is an emotional issue for many people. I’ve lost friends over this.If a kid wants to go to college, there are many ways to do it and I understand (believe me) that it is hard for a parent to say “no”.But first let’s look at some facts:94% of all jobs created in the past 10 years were freelance or part-time that did not require a degree. This is not political. It’s during both Bush and Obama. But this is the reality of a society that is outsourcing and automating.This trend will ONLY continue.40% of all jobs held by recent college graduates don’t require a college degree.Average income for people ages 18–35 have gone from $36,000 to $33,000 adjusted for inflation since 1992 according to the Bureau of Labor Statistics.Again, this is not political, but reality. More mobility in jobs leads to more choice, more outsourcing leads to cheaper labor, and more automation leads to downsizing.Tuition has gone up faster than Inflation EVERY YEAR since 1977. Not on average. EVERY year.Student loan debt is at its highest level ever. $1.2 trillion in debt held by 40,000,000 Americans. You can’t have kids starting companies if a gun is to their head to pay down debt. And it’s the one debt our children can’t restructure in bankruptcy.This last one is not a fact but an opinion: these industries will change in the next ten years due to more automation and innovation: automotive, real estate, insurance, Wall Street, publishing, retail.Degrees vary in price. And I don't like looking at “average degree price”. There’s ways to go to college super cheap (go to community college for two years for almost nothing and then go to a state school to get bachelor’s degree.But average private school degree seems to be about $60,000 a year when everything is counted (books, food, housing, degree). And average stay at a “4 year school” is 5 years.That’s $300,000 to many families. Again, not all. There are many ways to do college cheaper but obviously many American families do not do those ways.But will kids learn? Yes, as opposed to when I was college-age there are infinite on-line resources for learning. And even great schools like MIT have their entire courses (videos, tests, homework, etc) on-line so the only thing extra they provide are certificates and social life.To help figure out how kids can learn, make a living, and come to grips with this change in reality I called up the CEO of the largest job website in the world and asked him where a kid can learn FAST to learn the skills to make up to $2,000 in a weekend.This is the result. Zoom or click on the link in if you want to see the text further:But do kids need to network at school? No, because networking is now moving across interests on-line rather than geographical locations. Interests first, then meet ups.But do kids need the certificate? No, see statistics above?But what if a kid is not motivated to learn other than college? Even a better reason not to spend $300,000 (or even $1) on their education until they try things and become more motivated. I feel I started to really LEARN when I was about 23 years old and had to learn for both work (computers) and for skills that I loved (writing).So just these two things can save $530,000. Assuming you have two children and that’s $830,000.Compound that $530,000 just 5% for 30 years and you have an extra $2,300,000 to retire on.Compound $830,000 and that’s an extra $3,500,000 to retire with.It’s relaxing to retire with that much. And you can help your kids, give to charity, give to your grand-kids, take relaxing vacations, reduce stress in your life to live a long and happy life.I know I made assumptions (price of house, price of college) so put in your own. But I’m mostly just going by what I see are the real averages based on what people write to me as opposed to what the newspapers say.(you can vacation in this room in an underwater hotel in the Maldives. Relaxing and beautiful. Save your money.).[ Related: The Warren Buffet Guide to Making Money ]

Generally, I would advise graduate students to live on campus. However, most graduate students do not have free housing off campus. Graduate housing at Stanford, while being way cheaper than the surroundings, is not exactly chump change (>$10K per year), and even if you get a high-paying job afterwards, you will probably not regret saving/investing $20-30K.As for the commute, it can be quite terrible if you take 85/101 during rush hour or not so bad if you take 280 outside of peak travel times. You will probably not have a 10am class every day, so there are opportunities to shift your commute to a time when traffic is not so bad (and you might not even have classes every day). Just make sure you find a good space to study and do your assignments, both near your home and on campus.I say go for it, provided you actually want to live at home and are not just being pressured by your parents. If you find this arrangement to be less than optimal (professionally or socially), you can always ask for on-campus housing for your second year.

The newest innovation in online learning is its high acceptance at different education levels to a large extent. Amid the COVID-19 outbreak, the educational institutions had no other option rather than conducting digital classes to resume paralyzed learning.Before COVID, online learning was popular among the working executives pursuing higher studies/skill enhancement courses. But now even the schools solely depend on online learning to impart teaching.The outcome of online learning majorly depends upon the integrated system through which it is powered. Especially, in the case of school students, the school management system should be highly user-friendly so that kids face no difficulty in accessing different applications.One great integrated learning system for schools is designed by LEAD Schools in India. It has over 800 schools under its flagship and has been adding more to its clientele. The success of this school management system lies in features its integrated system offers to parents, students, teachers, and principals.For students - The high-end pedagogy and curricula of LEAD School’s integrated system ensure advanced learning of the students, which is one of the most critical concerns of the parents. Students can easily interact with their teachers.For parents - Daily progress of their wards is just one tap away for the parents using the app of LEAD School’s system. Moreover, they can get in touch with the class teacher or principal.For teachers - Teachers can access digital teaching resources and structured lesson plans to convene the classes in an impeccable manner. They can also keep a close watch on the performance of the students.For principals - All the administrative tasks are just a click away for school principals. It helps them save a great deal of time and invest the same in other productive things. A regular check on teachers’ performance is also the easiest thing for them.ConclusionOnline learning has been in trend for decades now. But utilization of digital classroom in schools is innovation in online learning for me. Such a perfect implementation of online learning concept in schools is really a thing to admire.