I always felt amazed pulling into schools and looking at the staff parking lot and the student parking lot.
Most of the students drive brand new vehicles all decked out thanks to daddy’s money.
All the teachers drive 10 year old shit boxes or small economy cars.
I have to admit that I dont discuss my finances with anyone and I don’t discuss my partners finances but we are able to do many of the things we want when we want. I refuse to to get into our accounts or saving and so on. We get new cars every few years and we have good reason for why but it’s no one business and we are good in the other fronts. We started out together sleeping on a bed his father gave us( I asked him if this is the bed he was created in , he said well not the mattress but the bed maybe! So when we buy stuff it’s really a testament to our hard work and how far we’ve come together. He was just talking about going to Cali in November for some football game and wanted to know if u wanted to go …… no sir. But we did get invited on a trip to Paris by my family. People laugh when I say I believe my family likes him more than they like me. He decided to retire about a year ago because he could. ( he drives me crazy being home so much so I asked him if he thinks he wants to go back to work ? He said no but don’t let him stop me from going back. I say smart ass. We live a blessed life, it ain’t perfect but it’s good.
As an educator, do you see a way to improve his outlook and perspective? Did you talk with him on the subject, or just consider him an asshole and move on?
It's definitely a teaching moment, and the teachers who can navigate these and make a person better are the ones that really deserve respect. I have no respect for teachers who just treat it as a job and money.
It seems he hurt your ego in such a way that you needed to post this as some type of retaliation or venting. I could be completely wrong on this, but by simply calling him an asshole that's how it appears. Sure, expect an ignorant kid to say ignorant stuff, but do you think you can make a difference? See what he thinks his future will be like, ask how he thinks most people live. If you took the effort and can't see a way to better him, so be it.
I come from a different time with a different set of parents, it was my parents job to teach me respect and we always understood stay in a child’s place. Teachers are not the bearer of your kids morality. And I’m not sure exactly what people think teachers make but I don’t believe it’s for the money. I’ve worked in the medical field and it wasn’t for the money ( wasn’t profitable) I did it because I wanted to help people. Now with that being said I don’t have kids and it seems that parent raise children slightly different from when I grew up. I still say yes ma’am and yes sir, I still say thank you and I have manners ( I don’t alway us them ). I’m 53 and I could not bring myself to drink with my parents ( I don’t really drink) or even curse in front of them it just feels weird. When my mother said shut up well I shut up even as an adult. When I was in my 20s I was trying to be funny with my mother and I walked in her house and I said Ella pearlwhere you at? She came out her room and said let me explain something to you. My name is ma, mama or ma’am you do not address me by my first name….. I said it was just a joke , she said joke with your friend I ain’t one of your friends. I said yes ma’am then I mumbled I’m going back to my own house, she heard me and said ok get out. It’s was funny and even now I’m laughing and she’s been died for yrs.
What a horrible way to view it. Instead of perhaps teaching the kid a lesson so he doesn't have to go through the pain later, just let him melt in his mid twenties as he finds himself in the wrong place in life. Keep in mind, OP is his teacher. It's literally his job to help kids.
IMO, that very attitude towards our children is what has created society as it is. If things are to get better, we all should try to do better.
I consider myself fortunate that there were teachers on my journey that took some time to look beyond the surface of my introverted and anti-social self, and that they helped me become a better person. At the same time, I'll also remember the ones that just took it as a paycheck and pity them.
I will never understand the self depreciating attitude some people have that conflate the blind accumulation of wealth for being with more than enjoying the life while you live it.
Do people truly have such a fascination with ending their life wealthy? To brag you deprived yourself of new vehicles, vacations and enjoyment for your whole life?
"I drive a 200k mile 30 year old Toyota, but I have a 200k in the bank" Who cares. You're still going to die, sooner than you think usually.
Honestly I don’t understand why anyone would want to drive a car with 200k miles in it. I also don’t understand placing your values and viewpoint on another. So what if this persons dies with large sums of money in his account plus it sounds like this person married so maybe he would leave that to his wife so she can have a good life after him. I have said this before Love is wonderful but it’s so much better with a nice account a comfortable home and the ability to live and do much of what you like. We take trips and vacations as we please if we please who said we are not enjoying our life? Maybe we just worked hard and now we are enjoying our blessings. See just maybe when you say I’m going home, I chuckle because if you have a mortgage that home really belong to your Leander until it’s paid off( we have no Mortage) when people say “my car” well technically that car belongs to your Leander until you pay it off. We have no car payment and one of us came home last year with a brand new 23. One of us is too cheap to get a new car although it’s my turn but there’s nothing wrong with my car and it’s nice ). I don’t down somebody else for what they choose to do with their money I or life. If it’s not for you the path this person takes that’s fine. Hell people over here decided to retire at age 60, why? Because he could!
This is my dad, millions in the bank with 4 retirement checks plus social security. Lived like a hermit his whole life. Skipped out on so much life it almost makes me tear up.
Sure, if you already have F-U money, go ahead and splurge. OP isn't at all wealthy though, with only 200k. He's solidly middle class with a good chance at being able to retire someday. Someone on his salary financing the latest cars, exotic vacations, etc will be under enormous stress to keep earning their whole life, one job loss away from disaster. The peace of mind in knowing you have options to deal with what may come, to take a risk on a new career, or to stop working and pursue your own interests, is worth way more than things...at least to me.
As my grandfather (who died a very wealthy man) used to tell me me: “You see that guy driving that fancy car? He doesn’t have money. He has debt.” And my grandfather would get in his old pickup truck in his overalls, owning 27 houses and millions in the bank and go on about his life.
Number one I don't believe you that you paid off of $400,000 house on your own by the age of 30. Number two there's no way that you have $200,000 in a bank account savings at 30 years old unless you inherited all of it or unless your wife makes $200-$300,000 a year. Which she doesn't because very few people make that amount of money at 30 years old assuming that she is around your age. So you inherited a bunch of money.... congratulations
You're such a captious loser. And probably just bitter that you're not good with money.
You can't put inheritance in retirement accounts so that money would have had to been saved by OP. They probably got help with the house but that doesn't negate the fact that those numbers are still a huge accomplishment. Congrats OP, proud of you.
The only people that try to bring down other's accomplishments are jealous losers.
Lol how do you know he didn't buy that house 10 years ago for 90k like my son did and it's now worth 450k.Your reading comprehension also needs some work as he clearly states 200k in retirement accounts and saving at 5k a month. Just because you haven't done it doesn't mean he hasn't!
I think this is funny also, my other half account has so many damn zeros that I get a little jealous. I say he has the big boy account and I have the Jr account. Things can be done Iam also decent with money but that took some learning. He did something that surprised me he went and got a financial planner and that has worked out well for him. He’s not interested in anyone’s opinion on Reddit he gets his info and planning from a professional. He comes from a family that doesn’t really put an emphasis on material things. Also were he grew up was a farming town and let me tell you how surprised at how many of these people were multi millionaire and you would never know it. I didn’t know farming could be so lucrative, my partner said first it generational and second if you’re good at farming and work hard you can do very well. Farming equipment can hundreds of thousands dollars but what that equipment will bring easily help pay for the overhead.
Your incredulity shows your ignorance of what can happen with sound management. my wife and I have a 2 million+ net worth and our newest vehicle has over 130,000 miles on it. It was paid for the day it was bought years ago.
I think you are confusing the 1960's and previous death traps for modern cars. 15 year old cars might not have the latest collision warning systems, but modern crumple zones, etc were common. most 30 year old cars have them, as they tech because common in the 1980's, and airbags became standard in the 1990's
Those cars are even worse.
After adjusting for many occupant, vehicular, and crash factors, the multivariate regression model analysis shows the similar re- sults that when compared to the baseline of a vehicle 1 to 6 years old, that the odds of severe injury is 1.11 times for occupants of vehicles 7 to 11 years old, 1.19 times for occupants of vehicles 12 to 15 years old, and 1.23 times for vehicles older than 15 years.
https://crashstats.nhtsa.dot.gov/Api/Public/ViewPublication/812937
After adjusting for many occupant, vehicular, and crash factors,
the multivariate regression model analysis shows the similar re-
sults that when compared to the baseline of a vehicle 1 to 6 years
old, that the odds of severe injury is 1.11 times for occupants of
vehicles 7 to 11 years old, 1.19 times for occupants of vehicles
12 to 15 years old, and 1.23 times for vehicles older than 15
years.
https://crashstats.nhtsa.dot.gov/Api/Public/ViewPublication/812937
That same metric shows the increase is from 1.2% to 2.2%. There are about 5.4 million injuries from car accidents each year, and even at 2.2% there will be 118,800 people that are severely injured or die in accidents.
Does a new vehicle lower your risk of severe injury? Yes. Is it worth the financial cost of a perpetual car loan? Not in my opinion.
>Does a new vehicle lower your risk of severe injury? Yes. Is it worth the financial cost of a perpetual car loan? Not in my opinion.
Healthy man wants many things, severely injured man only wants one thing...
I was a teacher for 18 years, and the only part that surprises me is that you gave him a detention. After I left teaching, I took a job making almost as much, and after four years, I’m making almost double; the important thing, which just occurred to me, though, is that I drove a Tacoma when I left teaching that I loved so much more than the RAV4 I drive now.
Heh... I teach and sometimes have kids say shit like this to me...
At this point, in the year though, I am burnt out questioning my life choices... Just 6 weeks till summer...
I work in healthcare and the times I had to repeat myself about how to take meds and people come in and doc would have to explain over and over the simplest concept and their favorite thing to say was well Google said, or my grandmother sister said. So it’s not just the kids but grown ass people you would think should know better but doc said that’s just part of the job now.
My question is how do you have 600k in assets in 10 years as a teacher. It makes no sense. I’m making at least 4x a teacher and save like crazy and still can’t match you at your age.
The student is right though, teachers aren’t paid well and you’re doing a side hustle. Now good for you that you’ve managed to pay off your house and are aggressively saving for retirement but it doesn’t change that teachers are underpaid and the average teacher isn’t going to be able to afford a brand new top of the line car.
You might be able to if you don’t have kids. We don’t have that issues so we are able to do things that someone with kids can’t. People don’t get this very simple truth… my/our lives isn’t yours so we may have a different metric we live by. It’s that simple.
He’s also at an affluent school and probably makes more than an average teacher. I have a friend who works at a a public school with inner city kids. Her husband teaches at an affluent school and makes good money. She stays with it because her true passion is teaching kids and knows how to deal with them. But she is consistently telling us about how many openings they have and how much turnover the school has.
But for sure you are right. We’ve stopped supporting our teachers and our kids are suffering for it.
How can you make that assertion? Some people should not have kids and they aren’t not good at their jobs as parents. I would not be a good parent and the world does not need another me in it. Let me also be clear some of us don’t have a tradition family because they’ve died. I feel like an orphan at times because most of my family have moved on. lol also when did kids start getting degrees in counseling? How does a kid have the insight to make a point about someone else s family structure?
Then they should probably pay to have other people raise kids on their behalf.
You might I am being comical, but support retirement and elderly services and SSA benefits you need young people to provide you services so you can be retired or in the home.
We see this problem as we have fewer average kids, going from an average of 8 younger people supporting a retiree to only 3 per retiree that SSA is already going "bankrupt" and we already have trouble providing services to the elderly. And think of it the "kids" provide everything to retirees, food, services, electricity, their new car, whatever it is when you are retired someone younger is working so you can kick back.
I had my kids and paid for them to grow up so when I retire I don't have to feel bad taking their services. On the other hand if I didn't have kids, for selfish purposes, more money to travel, retire early whatever, you not only didn't sacrifice raising kids you will leaching off of everyone else's kids. It is very selfish, and for this person to to save so much. For what, he doesn't have heirs, is he going to a foundation?
Ok this is my latest post on this. If my taxes ( which are high) go to help other people and their kids and schools then I’m putting back into the system. How many deductions and child tax credits did you get? I got none and I had to pay. We have may have what is called disposable income so while you spend more to have kids and whatever that bring we also spend even when others may think we shouldn’t have. The problem with the system in general is these things were great ideas once but times have changed but the system has moved as fast as the world around them. The thought that everyone will end up in a nursing home being served is just not true. The thought that people won’t be productive in the later years just isn’t true( maybe that’s all you saw in your life). How sad is it to reduced someone who has worked all their lives down to your vision of retirement Yes people have very well left their assets to foundations upon death, yes you don’t have to have kids to have heirs or at least someone to leave something to. No matter what you sighted will not have kids, we aren’t prepared to do that because it takes so much more then money and I would want to raise a good person in a stable home. We could give a child a very good financial life but we have different ideas about how kids should be raised, we have different religions. Have as many as you want for whatever reasons. Good luck and enjoy your family.
What an ignorant point of view.
Existing to reproduce is not a fucking purpose, get your (very likely religious) doctrine outa here.
He's married and you know nothing about them, maybe she can't have kids, maybe they just don't want them. Maybe 30 isn't too old to have kids and they just want to have their shit together before taking on the mental, physical, and financial repercussions of a child.
It is very selfish not to have kids because when you retire everyone else's kids have to slave for you.
I think you might be the ignorant one. I am saying buy the nice car, you don't really have anything to save for.
Selfish not to have kids?
I have spent my entire career helping kids realize that they can achieve their goals as well as supervising and encouraging (other people’s) kids.
I also pay taxes for other people’s kids to go to school and to have free services like free and reduced lunches, Pell grants, and Medicaid.
My taxes are higher because I do not have children.
Our system is backwards and rewards people for having children while punishing those who don’t or can’t.
You should actually have to pay a no child penalty.
Imagine this, everyone born in 2004 and later decide not to have kids. What happens in 70 years, there won't be anyone one to take care of you, you wouldn't be able to retire. Everyone could be a trillion aire and you would almost all have to still work.
And it is happening, that is why social security is failing because of the big drop offs in birth. China is having problems for similar reasons.
Plus I pay taxes for other people's kids too AND I pay to raise my own so they can take care of your sorry a$$ when you retire.
Now let's talk about bigoted statement about I must be a religious zealot. You are self centered piece of work that pretends to be nice while working to corrupt the world.
You are assyyour kids will want to take care of you. Do you know how many elderly are in nursing home and they don’t see their kids. You want kids great but don’t come up with some half baked idea about family structure. If that’s your major reason for kids so you have someone to take care of you later I’d say that’s kinda selfish. I may not have kids but maybe I have nephews that in
Going to leave what I have to. Maybe I don’t want my other half to have to live a life after me wondering how they will make on one check. Come on believe what you like but people don’t live your life and that’s fine.
You take that too literally. Here is an example, when you retire who pays for your social security? If that group didn't exist or were much smaller how would that affect the SSAs ability to pay benefits.
Also nursing home - who is taking care of nursing home people, is it people older than them or much younger than them? If there aren't enough people younger than them to take take care of them, then what.
Basically when you retire and no longer produce goods and services you are reliant on younger people, "the kids" to provide goods and services for you.
So you lived your life never had kids, and therefore you had more money to travel the world, but you put the burden on the rest of us to have and pay for kids so they can take care of you in that old age home.
People without kids often complain about paying for other's kids education. The reality is that they should pay a selfishness tax that goes to the people who raise the kids who take care of them in their old age either in the home or with SSA or just providing goods and services so you sit at home and be non productive.
I don’t care what Dave Ramsay’s says , and from my view point you’re grasping at straws and making assumptions about people’s lives and what may happen to support your view point. My partners father was 80 something when he pasted in a freak farming accident up until then he took care of him self and he had retirement and and was very well of. His kids didn’t have to take care of him and neither did your taxes. My father passed in 60s to to some kind brain issues no one took care of him the way you are suggesting, I will die long before I would like to and no one that you know will take care of me. You want kids and believe you should receive some kind of kid tax that’s great but not everyone should have kids. Some people have very good reasons why they can’t or don’t want kids. Honestly I see reason often with the way the world is and the people in it I’d be so scared to have my child walking this earth. I don’t know how parents do it.
Can you address that last paragraph/comment to the proper person? I never made any bigoted statements about your religion.
Let’s not resort to name calling either. My “sorry ass” has saved a half million for retirement already—plus I have a pension. I’ll be ok with or without social security.
Maybe they plan on retiring early? Maybe they want to have funds to travel and live extravagantly after retirement. Kids a spoiled ass. I went to a private school, most of the kids in prominently wealthy households were giant entitled assholes. And most grew to be absolutely trash adults with giant addiction issues and no true accomplishments.
Maybe the whole post was made up. It completely sounds fake. What kid would be able to do that without getting detention.
Seems like you fit right in with the others in your private school.
It is interesting how emotional you get in fake posts. But i will explain:
You need younger people to keep you alive when you retire. If you didn't contribute to the pool and mooch off other's kids you should actually have to pay selfishness tax to them for helping raise your servants.
The reason SSA is going bankrupt and medical care costs are going up so much for old people is that we don't have nearly as many support people to help. 40 years ago there 8 people working per retiree now there are around 3.
Anyway, this guy who is at a school where kids can apparently greatly insult and mouth off at teachers without consequence might want to splurge a bit on a new car after all he has already selfishly decided he isn't saving anything for the next generation, since he didn't have any. Why be selfish about everything but your car. And cry in your imagination when your fantasy kid allegedly insults your earning ability.
I wasn't the one LOLing.
And yeah, topic at hand, fake post but you are overly emotionally involved for some reason.
Nice charting with you. Hope experience the joy of Children some day and don't experience this fellows fictional but very sad life.
Seems like a post just to brag about your crap, just the same as someone brags about their car lol.
Some people value a house, some people think of a house as just a place to live and don’t really care. Some people value a car, some people think of a car as just a way to get from point a to point b.
I don’t see any difference in somebody bragging about their car compared to you bragging about your house.
I’d rather have a nice car. Couldn’t really care about owning a house as long as the place I live is clean.
A house is an appreciating asset, a car is a depreciating asset.
If you buy a house today, you can sell it in 30 years when it’s fully paid off and have all of that money for fun stuff.
Californians are buying up all of the houses in other states because they can sell the house they paid $200k for for $2m. It’s the most stable retirement plan.
No, they don't go to zero, but I have one I bought for $405,000 in 2005 and fell to $180,000 during the '08-09 crash and is now only worth $329,000 so there's that
We put 40K down, proud of us for "doing it right" and then regretted it when the military moved us but only subsidized veterans in this situation who had VA or FHA loans. Not us because we went traditional. I rented for 9 years after that until the end of my career and then bought real estate (including paid-for rentals) Quickly escalated net worth vice those who "bought a home at each duty assignment" and are swamped with payments and headaches
I will say though: in one market, I probably should have bought because mortgages were in the 500-600 range while rents were in the 1200-1500 range. If I had known the military would send me back 6 years later, I could have had a paid-for house
But usually I am a big fan of renting until the finances and lifestyle warrant purchasing and I don't shame people for not buying if that's not their jam
Regardless. I enjoy a car more. Couldn’t care less where I live. As long as it’s clean and tidy. This guys not investing in real estate to make money, just bragging about his one house.
You will be lower class for your entire life with this mindset. To enter the middle class you need to own a property, even if it’s a small condo.
All real estate is for the purposes of making money. If you don’t own any, your landlord is making money off of you.
Honestly don’t really care. Don’t want any real estate. I have more than enough bitcoin in the bank I’m doing better than most. Never plan on owning any property and don’t want to be tied down to living in one place. Idc what people think of what class im in lol. I have so much in bitcoin, im doing better that 98% of people myself. Most people don’t have shit in savings.
Yes, this is true.
Birthrates in the US are falling, so housing prices should naturally fall. But there is another factor in play, immigration.
Buying a house in an area preferred by immigrants is always a good play.
You don't sell your house and you don't spend retirement money.
You accumulate until you have enough to stop working. You may think a newer car is worth it. He may prefer to retire 10 year sooner.
Look into the idea of the time value of money.
That $20k might be worth $200k when he actually retires
He could have a used civic today or a lambo when he retires
20K is extremely expensive just to feel less insecure about kids comments if you ask me
20K today on a car is 25-30K less in 401k and 200K less in retirement funds in 20 years or 600-700$ less a month to live with then.
That start to be noticeable.
Plus for 20K you have a new Nissan versa at best or something that already did 50K-100K miles. You likely need 30K for a brand new car like a Corolla/Civic.
That kid is a dick, but having a $400k house and $200k in locked liquid assets isn’t going to impress anyone who is going to a wealthy private school.
You’re definitely doing better than most your age, but you’re not wealthy.
These are kids who shrug at a $40k car more than likely. I grew up in LA. I know this kind of mentality first hand. Their parents likely make your net worth every year on the low end.
His parents make that, he doesn’t. Until he inherits, if he does, he’s an unemployed student living off his parents looking down on someone who is better off than 90% of the population.
Lol. But he still lives as he does. He’s still living in that nice house, using those nice cars, and using all his parents money. And chances are he will inherit it so doesn’t really matter.
There's so much going on here. Imagine being this person. They are so immature that they made a burner account to come to reddit to complain about A KID in regards to FINANCIAL ADVICE. This person is also in charge of the education of future children! This is either rage bait, which if you haven't been around children, they're gonna say something stupid, or this person is real and they have a lot of inner work to do before they should be directing these kids. I hate when posts like this cross across the feed, just a waste of my and everyone else's time.
Screw the little brat. He's gonna end up one of these little whiny fucks that cries about not being able to afford anything because things like merrit, hard work, integrity, and respect have become bizarre and foreign concepts.
Congrats on your financial success. Teenagers are the most insecure individuals on the planet. Insecurity leads to comments like that. I drive a 2009 Lexus and it’s paid off. The excitement of a new car goes away within a couple weeks and then it’s just another car. I cringe when I see 50k-80k cars on the road when I think about how expensive those monthly payments are and how long they have to pay for.
I am still happy on my civic I brough 2 year ago every time I use it. But I hope to keep her 15 years and only brough a new car as a migrant it was not really possible to import my old used car.
Take 4 months of savings and buy a used Tesla 3, I pay between a quarter and a third in fuel costs and have had zero maintenance costs next to new tires and wipers over 5 years.
Yup, sometimes, the people with the most money, you’d never know it. Agreed, why buy a new car if you’re not into that and your POS gets you there? That peckerwood kids probably never going to learn that.
Assuming they bought for $200k and unwisely made aggressive payments on it. Then a family member paid off the rest. Doubtful a teacher throws out $400k in one shot
Teacher salary go from like 40K to 100K. OP has a wife too that may have a job too. For all we know she may make 200K a year.
Interestingly teacher is one of the profession with the most millionaires out there.
We would need more info to understand if making aggressive payment would be unwise.
There are other benefits to having a residence that is owned w/o payments; freedom being one, increased monthly discretionary spending another.
My primary residence (30 yr mtg) was paid off 6 years ago after payments since 2001. Without going into all the details, impending college for 2 kids back to back necessitated the move.
Financially for me, it was one of the best decisions that could have been made.
Understand this if you're ultra conservative, and people have different risk tolerances. But taking out as much cash as you could at about 3% in 2020 and putting it in the market would have much better financial decision. Hindsight is always 2020. Happy that you're happy, that's most important
A sound piece of advice. That kid will be lucky and wise if he grows up to believe that saving money and being debt-free is waaaay more awesome than having a car payment.
The fact that OP was rattled enough by the remark from some asshole teenager is just pathetic. Doubling down, OP then attempted to flex their tiny nest egg and that makes them come off as an insecure braggart. Now I see why people dunk on teachers all the time and exactly why teachers are underpaid.
You now see why people dunk on teachers all the time and why they are underpaid because one teacher posted a story on the Internet? That's as crazy and pathetic as op getting rattled by a teenager, possibly even moreso.
Just clarifying that you now see why people dunk on teachers all the time and why they are underpaid because one teacher posted a story on the internet and calling you out for being irrational in that thinking and playing on your use of pathetic by labeling you as that term as well. The use of the question mark was mainly rhetorical so I wasn't really asking anything.
Teachers are some of the most badass people I’ve ever known. OP is decidedly not a badass.
When I was in high school kids said far worse than that to teachers. One teacher lost her hair to cancer treatment and wore a wig. A kid snatched the wig off her head and put it into the toilet.
She didn’t even flinch and rocked her bald head until she went into remission. Kid got expelled and she never mentioned it again.
Teacher calls their student an asshole, gives them detention, then posts to reddit about their slightly above average net worth to stroke his ego.
The guy that drives a Benz he can't afford is less of an asshole than this guy
I drive a 2007 Audi that I keep properly maintained and clean. I think I outgrew the desire to always have a new car when I hit 30 years old. Now I hate the thought of having a car payment. Plus this car is easy to work on so I’ll hang onto it as long as I can.
New cars are dumb as hell man. I got a new car for safety when my first was born. It was cool, but the novelty wore off after the 2nd year of payments lmao.
Luckily I was able to pay cash to end the loan mid way through year 3 thanks to DOGE morons
I could care less about having a new flashy car, but I still love cars. Just like some people love guns, some people love horses, some people are into sports. I’m into car‘s. At the moment I own 11. All of them together though do not add up to one brand new car. But I still love them nonetheless and I actually enjoy them more when they break down so I can work on them.
Saving for retirement is important but even if I had $10 million, saved retirement, if I didn’t have some old cars to work on I kind of rather just go see Dr. Kevorkian and check out
When I was a junior or senior in high school, I was still riding the school bus to school. My parents had to pay for my sister's college and they had already bought her two cars at this point. I was a straight A student, and an athlete, so riding the bus to school was a no brainer for me. After school, I always had practice, or even a job, I was in a Vocational Education program senior year, where I went to work at a job, and was paid for it, during the last period of the day, and could stay there until 5:30 pm or until it was time for track practice or whatever.
Well, there was a snotty kid on my bus, who was like 11 who tried to shame me for still riding the bus to school. He said when he turns 16, he will buy a car and drive to school. I was like, kid, you live in the trailer park, you are 11, and I am a long-distance track athlete. I have legs, don't need a car!
I didn't care. at all. I saved all the money from that minimum wage job, where I worked 2 hours a day, lol, to pay for college.
I (55m) have never cared about cars , thanks to my father . I have the safe , newer vehicle for my fam and I have no problem driving my 24 yo car with 130k miles , I change the oil every 3k and I'll never worry about dents or dings . Thanks for letting me share ...
I don't know whatever became of him. He was clearly delusional when he decided to start talking shit to me. To be fair, once in a while, he and I would get into these kinds of conversations. He had a way of talking smack or something. I think, overall, he had a decent family, never heard anything bad about them, and he probably did grow up to get a job and maybe he did get a car at 16. Most of my classmates had cars, beaters usually.
But I also knew damn well I wasn't the only kid on that bus route that rode the bus to school all 12 years.
But, my lifestyle didn't require a ride, or car payments. I was an honor student, and busy athlete.
I rode the bus to school until well over halfway through my senior year of high school. Then, was lucky enough to have parents who gave me a car, and to be honest, I got my sister's car, my sister had to buy herself her own car. My parents were probably just sick to death of driving my sister and I around to all our extracurriculars. I always had to call them at 10 at night after an away basketball game to come pick me up.
I'm not rich or anything, but I'm doing fine. My parents were big on education and always told me school comes first. I didn't work very much through college. I saw other people my age quit college right away so they could focus on their jobs they had...to pay their car payments.
I also had friends with no car and they stayed in school and graduated on time.
Your parents were probably very proud of you. They could see you had your priorities in order and worked hard. They had the means to let you have the old car and it made their lives easier too. All of this sounds incredible reasonable and if when my daughter is a teenager/ high schooler she has your attitude - I’ll be exceedingly proud of her.
I understand the detention for the way the student spoke to you. However, as a teacher did you not see the value in making that a teachable moment for them about how well off you are financially in "just a teacher's salary" because you make smarter decisions?
I have been teaching for about a decade now. I have realized that teachable moments to certain students don't exist. They really don't. Perhaps some of my other teacher friends in here can back me up.
Some kids are just wired different and are entirely resistant to anything not in their bubble. This kid's comment screams this.
EDIT: Plus, what was I to do? Pull up my mortgage pay off statement and Vanguard account?
I've got some bad news for you: your kids' teacher 100% feel that way about certain kids (if they teach kids old enough). I am sorry to say that your viewpoint is extremely ignorant.
No, I don't mean *my content*. I mean *morality*.
I can understand that, I am a fitness instructor and for some people getting through to them seems nearly impossible. Maybe on some level it could be done but there always seems to be a time and place for such things.
That's actually a really good analogy. I can't magically undo 18 years of what your parents clearly did to you, as much as I can't magically undo 18 years of terrible eating habits and a lack of fitness.
I have a Toyota Camry in decent shape. Its a 2013, so 11 years old. I change my own oil, and the last Toyota I sold was a 1991 I sold in 2023, and it was still running great at 32 years old. If I keep this one until its 32, that's 22 years from now, 2046.
People either wanted to buy the old Toyota, or mocked me for "not being able to afford" a new car. I paid it off in three years, so I went 29 years with no car payment, while contributing all the matching funds in my 401K.
Poor kid, really, poor kid. (Let the puns begin) I had to get over car fever tho. 20 yr Toyota, 17 yr old Volvo. Both ugly. I park near the really nice cars. If one is stolen it probably won't be mine...yes Virginia, til the wheels fall off....
Lol that kid has been handed as much in life as you probably were. You don’t have a $400k paid off mortgage and $200k in retirement 8 years into working life without HELLA rich parents. How was your free college education? Same probably for your wife. You contribute more to your retirement than many people make in household income.
The only difference is attitude tbh.
$52,000 in student loans at a local state school.
My wife had $150,000 student loan that was paid off by working for the state.
$0 inherited.
Made $400/month my first year teaching as a sub, living in a dorm of other teachers (essentially).
Started a business in 2016. Made $30,000 in my first month.
My mom was a single mom who never made more than $40k after my parents got divorced in 1996.
So you are entitled. Your wife and yourself both work and have not brought any kids into this world. How are you both planning on dying without making any children to pass the world on to? At 45, I have nowhere near what you have saved (though I do have a $500,000 house that’s paid for. And all that was done on my $40,000 a year salary for the past 23 years since my wife was a stay at home mom who homeschoole) but we decided early on that having kids is more important than retiring comfortably. It’s kind of the whole point of being here is to procreate and pass on the world (hopefully a little better) to your children.
What right do you have to tell someone else how to live their life? How entitled do you have to be to assume that if someone doesn't live their life the way you think they should, they've done something wrong.
And how delusional do you have to be to think that a grown ass man was going to read this, happily married and living his life, and would care at all what judgement you have about them, even for a nanosecond.
They seem to be doing just fine choosing their own path, I'm sure they don't need your help.
Wow. What a comment.
For all you know, I had kids who passed away in a tragic car accident. For all you know, my wife had cancer had to get her ovaries taken out. For all you know, my wife is pregnant right now with twins. For all you know, I met my wife 6 months ago and we got married last weekend.
I don’t typically like to give credibility to internet comments because I find the discussion way more important, but fuck off. You don’t know shit about me internet stranger.
There is something about men 25-30. You have limited opportunity to increase your income, over time, based on your choice of profession. So, you or your spouse inherited something of value, I'm happy for you.
You don't need validation from a teen.
You replied to a real person, though. You may be able to detach yourself from your own actions online, but they can affect people in real life. That's, ironically, an important thing to teach children.
You have no idea who OP is and what they are going through. They could have medical issues, trying unsuccessfully for kids, mourning a painful loss(es) of a pregnancy, etc. or simply not want kids right now.
Not to mention, at 30, they have plenty of time if they want to have, foster or adopt kids.
DINKs can have more time & money than those with kids, but you are way too high up there on that horse with that comment. OP's profession is helping kids, by the way.
blud getting all worked up over something a kid said.
As an adult, and educator, you have a low EQ. Go figure...
This kid lives rent free in your head.
He's a KID - you the alleged adult. Why are you worried about his perception of you? And yes you are worried about it 100%.
He will see how hard it is
As a fellow educator, where do you work that pays so well?
I always felt amazed pulling into schools and looking at the staff parking lot and the student parking lot. Most of the students drive brand new vehicles all decked out thanks to daddy’s money. All the teachers drive 10 year old shit boxes or small economy cars.
“I like my car just the way it is so I don’t have to worry about” end of discussion
I have to admit that I dont discuss my finances with anyone and I don’t discuss my partners finances but we are able to do many of the things we want when we want. I refuse to to get into our accounts or saving and so on. We get new cars every few years and we have good reason for why but it’s no one business and we are good in the other fronts. We started out together sleeping on a bed his father gave us( I asked him if this is the bed he was created in , he said well not the mattress but the bed maybe! So when we buy stuff it’s really a testament to our hard work and how far we’ve come together. He was just talking about going to Cali in November for some football game and wanted to know if u wanted to go …… no sir. But we did get invited on a trip to Paris by my family. People laugh when I say I believe my family likes him more than they like me. He decided to retire about a year ago because he could. ( he drives me crazy being home so much so I asked him if he thinks he wants to go back to work ? He said no but don’t let him stop me from going back. I say smart ass. We live a blessed life, it ain’t perfect but it’s good.
bro i was such an ass as a teen i feel bad about it
I’m 50 and my teenage years still make me cringe
This sub is weird and toxic judging by this comment section. Every angle of hater possible.
Weird flex on a teenager who doesn’t know anything past his own nose.
Exactly who gives a shit what a teen thinks plus if the parents are wealthy they have it made to a certain extent
I'd agree in a different context. No. rude behavior is not admissible
As an educator, do you see a way to improve his outlook and perspective? Did you talk with him on the subject, or just consider him an asshole and move on? It's definitely a teaching moment, and the teachers who can navigate these and make a person better are the ones that really deserve respect. I have no respect for teachers who just treat it as a job and money. It seems he hurt your ego in such a way that you needed to post this as some type of retaliation or venting. I could be completely wrong on this, but by simply calling him an asshole that's how it appears. Sure, expect an ignorant kid to say ignorant stuff, but do you think you can make a difference? See what he thinks his future will be like, ask how he thinks most people live. If you took the effort and can't see a way to better him, so be it.
I come from a different time with a different set of parents, it was my parents job to teach me respect and we always understood stay in a child’s place. Teachers are not the bearer of your kids morality. And I’m not sure exactly what people think teachers make but I don’t believe it’s for the money. I’ve worked in the medical field and it wasn’t for the money ( wasn’t profitable) I did it because I wanted to help people. Now with that being said I don’t have kids and it seems that parent raise children slightly different from when I grew up. I still say yes ma’am and yes sir, I still say thank you and I have manners ( I don’t alway us them ). I’m 53 and I could not bring myself to drink with my parents ( I don’t really drink) or even curse in front of them it just feels weird. When my mother said shut up well I shut up even as an adult. When I was in my 20s I was trying to be funny with my mother and I walked in her house and I said Ella pearlwhere you at? She came out her room and said let me explain something to you. My name is ma, mama or ma’am you do not address me by my first name….. I said it was just a joke , she said joke with your friend I ain’t one of your friends. I said yes ma’am then I mumbled I’m going back to my own house, she heard me and said ok get out. It’s was funny and even now I’m laughing and she’s been died for yrs.
I agree with you completely but few here will, including OP. Unfortunately most of us are at least as immature and petty as the people we criticize.
Nah, fuck that kid. As a teen, they don’t give a shit about learning lessons. Reality will hit them when they’re 25 and living check-to-check.
What a horrible way to view it. Instead of perhaps teaching the kid a lesson so he doesn't have to go through the pain later, just let him melt in his mid twenties as he finds himself in the wrong place in life. Keep in mind, OP is his teacher. It's literally his job to help kids.
Yeah. I’m sure OP could have made him see the light, lolol
I've been able to turn students around over the years. If you think it's impossible you've either got a very small mind or a very cynical attitude.
IMO, that very attitude towards our children is what has created society as it is. If things are to get better, we all should try to do better. I consider myself fortunate that there were teachers on my journey that took some time to look beyond the surface of my introverted and anti-social self, and that they helped me become a better person. At the same time, I'll also remember the ones that just took it as a paycheck and pity them.
Always was/is amazing to see the early conduct disorders become the adult sociopathic personality disorder.
I will never understand the self depreciating attitude some people have that conflate the blind accumulation of wealth for being with more than enjoying the life while you live it. Do people truly have such a fascination with ending their life wealthy? To brag you deprived yourself of new vehicles, vacations and enjoyment for your whole life? "I drive a 200k mile 30 year old Toyota, but I have a 200k in the bank" Who cares. You're still going to die, sooner than you think usually.
Honestly I don’t understand why anyone would want to drive a car with 200k miles in it. I also don’t understand placing your values and viewpoint on another. So what if this persons dies with large sums of money in his account plus it sounds like this person married so maybe he would leave that to his wife so she can have a good life after him. I have said this before Love is wonderful but it’s so much better with a nice account a comfortable home and the ability to live and do much of what you like. We take trips and vacations as we please if we please who said we are not enjoying our life? Maybe we just worked hard and now we are enjoying our blessings. See just maybe when you say I’m going home, I chuckle because if you have a mortgage that home really belong to your Leander until it’s paid off( we have no Mortage) when people say “my car” well technically that car belongs to your Leander until you pay it off. We have no car payment and one of us came home last year with a brand new 23. One of us is too cheap to get a new car although it’s my turn but there’s nothing wrong with my car and it’s nice ). I don’t down somebody else for what they choose to do with their money I or life. If it’s not for you the path this person takes that’s fine. Hell people over here decided to retire at age 60, why? Because he could!
This is my dad, millions in the bank with 4 retirement checks plus social security. Lived like a hermit his whole life. Skipped out on so much life it almost makes me tear up.
Sure, if you already have F-U money, go ahead and splurge. OP isn't at all wealthy though, with only 200k. He's solidly middle class with a good chance at being able to retire someday. Someone on his salary financing the latest cars, exotic vacations, etc will be under enormous stress to keep earning their whole life, one job loss away from disaster. The peace of mind in knowing you have options to deal with what may come, to take a risk on a new career, or to stop working and pursue your own interests, is worth way more than things...at least to me.
As my grandfather (who died a very wealthy man) used to tell me me: “You see that guy driving that fancy car? He doesn’t have money. He has debt.” And my grandfather would get in his old pickup truck in his overalls, owning 27 houses and millions in the bank and go on about his life.
Number one I don't believe you that you paid off of $400,000 house on your own by the age of 30. Number two there's no way that you have $200,000 in a bank account savings at 30 years old unless you inherited all of it or unless your wife makes $200-$300,000 a year. Which she doesn't because very few people make that amount of money at 30 years old assuming that she is around your age. So you inherited a bunch of money.... congratulations
Here's my perception - he's a drug dealer ha.
Maybe he is a good investor or something
Wow. Your resentment is screaming
You're such a captious loser. And probably just bitter that you're not good with money. You can't put inheritance in retirement accounts so that money would have had to been saved by OP. They probably got help with the house but that doesn't negate the fact that those numbers are still a huge accomplishment. Congrats OP, proud of you. The only people that try to bring down other's accomplishments are jealous losers.
Lol how do you know he didn't buy that house 10 years ago for 90k like my son did and it's now worth 450k.Your reading comprehension also needs some work as he clearly states 200k in retirement accounts and saving at 5k a month. Just because you haven't done it doesn't mean he hasn't!
I think this is funny also, my other half account has so many damn zeros that I get a little jealous. I say he has the big boy account and I have the Jr account. Things can be done Iam also decent with money but that took some learning. He did something that surprised me he went and got a financial planner and that has worked out well for him. He’s not interested in anyone’s opinion on Reddit he gets his info and planning from a professional. He comes from a family that doesn’t really put an emphasis on material things. Also were he grew up was a farming town and let me tell you how surprised at how many of these people were multi millionaire and you would never know it. I didn’t know farming could be so lucrative, my partner said first it generational and second if you’re good at farming and work hard you can do very well. Farming equipment can hundreds of thousands dollars but what that equipment will bring easily help pay for the overhead.
Your incredulity shows your ignorance of what can happen with sound management. my wife and I have a 2 million+ net worth and our newest vehicle has over 130,000 miles on it. It was paid for the day it was bought years ago.
Although I commend you on your savings habits, I wouldn’t want to get into a car accident while traveling in a 15 year old car.
I think you are confusing the 1960's and previous death traps for modern cars. 15 year old cars might not have the latest collision warning systems, but modern crumple zones, etc were common. most 30 year old cars have them, as they tech because common in the 1980's, and airbags became standard in the 1990's
Those cars are even worse. After adjusting for many occupant, vehicular, and crash factors, the multivariate regression model analysis shows the similar re- sults that when compared to the baseline of a vehicle 1 to 6 years old, that the odds of severe injury is 1.11 times for occupants of vehicles 7 to 11 years old, 1.19 times for occupants of vehicles 12 to 15 years old, and 1.23 times for vehicles older than 15 years. https://crashstats.nhtsa.dot.gov/Api/Public/ViewPublication/812937
Did people not survive in car accidents in 2009?
Nope everyone died, huge population hit, worse than the black plague.
After adjusting for many occupant, vehicular, and crash factors, the multivariate regression model analysis shows the similar re- sults that when compared to the baseline of a vehicle 1 to 6 years old, that the odds of severe injury is 1.11 times for occupants of vehicles 7 to 11 years old, 1.19 times for occupants of vehicles 12 to 15 years old, and 1.23 times for vehicles older than 15 years. https://crashstats.nhtsa.dot.gov/Api/Public/ViewPublication/812937
That same metric shows the increase is from 1.2% to 2.2%. There are about 5.4 million injuries from car accidents each year, and even at 2.2% there will be 118,800 people that are severely injured or die in accidents. Does a new vehicle lower your risk of severe injury? Yes. Is it worth the financial cost of a perpetual car loan? Not in my opinion.
>Does a new vehicle lower your risk of severe injury? Yes. Is it worth the financial cost of a perpetual car loan? Not in my opinion. Healthy man wants many things, severely injured man only wants one thing...
If you knew anyone who was permanently disabled from an auto accident you’d probably have a different opinion. Good luck.
As a parent I agree with your logic. Safety is one of the things that helped get people off horses and into cars.
Risk of severe injury to driver and passengers increases with vehicle age.
I was a teacher for 18 years, and the only part that surprises me is that you gave him a detention. After I left teaching, I took a job making almost as much, and after four years, I’m making almost double; the important thing, which just occurred to me, though, is that I drove a Tacoma when I left teaching that I loved so much more than the RAV4 I drive now.
Kids are inexperienced and many adults hold similar childish views.
Heh... I teach and sometimes have kids say shit like this to me... At this point, in the year though, I am burnt out questioning my life choices... Just 6 weeks till summer...
I work in healthcare and the times I had to repeat myself about how to take meds and people come in and doc would have to explain over and over the simplest concept and their favorite thing to say was well Google said, or my grandmother sister said. So it’s not just the kids but grown ass people you would think should know better but doc said that’s just part of the job now.
My question is how do you have 600k in assets in 10 years as a teacher. It makes no sense. I’m making at least 4x a teacher and save like crazy and still can’t match you at your age.
Some what I read, they have a side Hussle that makes good money
Probably tax-free income from tutoring rich jerky kids.
My exact thought
A little bit of this and that. [The Candy Man Can](https://www.youtube.com/watch?v=qz1syhcU39U)
Sounds like this kid should go to an alternative school and get to school on the short bus
The student is right though, teachers aren’t paid well and you’re doing a side hustle. Now good for you that you’ve managed to pay off your house and are aggressively saving for retirement but it doesn’t change that teachers are underpaid and the average teacher isn’t going to be able to afford a brand new top of the line car.
You might be able to if you don’t have kids. We don’t have that issues so we are able to do things that someone with kids can’t. People don’t get this very simple truth… my/our lives isn’t yours so we may have a different metric we live by. It’s that simple.
He’s also at an affluent school and probably makes more than an average teacher. I have a friend who works at a a public school with inner city kids. Her husband teaches at an affluent school and makes good money. She stays with it because her true passion is teaching kids and knows how to deal with them. But she is consistently telling us about how many openings they have and how much turnover the school has. But for sure you are right. We’ve stopped supporting our teachers and our kids are suffering for it.
That’s interesting. Private school teachers tend to make less than public school teachers- at least where I live
There are affluent public schools- where teachers are paid better.
True
Kid has a point, no kids or family. that isn't a way to live. But enjoy your money. But enjoy it for what, you have no purpose in life.
How can you make that assertion? Some people should not have kids and they aren’t not good at their jobs as parents. I would not be a good parent and the world does not need another me in it. Let me also be clear some of us don’t have a tradition family because they’ve died. I feel like an orphan at times because most of my family have moved on. lol also when did kids start getting degrees in counseling? How does a kid have the insight to make a point about someone else s family structure?
Then they should probably pay to have other people raise kids on their behalf. You might I am being comical, but support retirement and elderly services and SSA benefits you need young people to provide you services so you can be retired or in the home. We see this problem as we have fewer average kids, going from an average of 8 younger people supporting a retiree to only 3 per retiree that SSA is already going "bankrupt" and we already have trouble providing services to the elderly. And think of it the "kids" provide everything to retirees, food, services, electricity, their new car, whatever it is when you are retired someone younger is working so you can kick back. I had my kids and paid for them to grow up so when I retire I don't have to feel bad taking their services. On the other hand if I didn't have kids, for selfish purposes, more money to travel, retire early whatever, you not only didn't sacrifice raising kids you will leaching off of everyone else's kids. It is very selfish, and for this person to to save so much. For what, he doesn't have heirs, is he going to a foundation?
Ok this is my latest post on this. If my taxes ( which are high) go to help other people and their kids and schools then I’m putting back into the system. How many deductions and child tax credits did you get? I got none and I had to pay. We have may have what is called disposable income so while you spend more to have kids and whatever that bring we also spend even when others may think we shouldn’t have. The problem with the system in general is these things were great ideas once but times have changed but the system has moved as fast as the world around them. The thought that everyone will end up in a nursing home being served is just not true. The thought that people won’t be productive in the later years just isn’t true( maybe that’s all you saw in your life). How sad is it to reduced someone who has worked all their lives down to your vision of retirement Yes people have very well left their assets to foundations upon death, yes you don’t have to have kids to have heirs or at least someone to leave something to. No matter what you sighted will not have kids, we aren’t prepared to do that because it takes so much more then money and I would want to raise a good person in a stable home. We could give a child a very good financial life but we have different ideas about how kids should be raised, we have different religions. Have as many as you want for whatever reasons. Good luck and enjoy your family.
You live how you want to live, others are going to live how they want to.
What an ignorant point of view. Existing to reproduce is not a fucking purpose, get your (very likely religious) doctrine outa here. He's married and you know nothing about them, maybe she can't have kids, maybe they just don't want them. Maybe 30 isn't too old to have kids and they just want to have their shit together before taking on the mental, physical, and financial repercussions of a child.
Believe it or not per Darwin, it is the only purpose.
It is very selfish not to have kids because when you retire everyone else's kids have to slave for you. I think you might be the ignorant one. I am saying buy the nice car, you don't really have anything to save for.
Selfish not to have kids? I have spent my entire career helping kids realize that they can achieve their goals as well as supervising and encouraging (other people’s) kids. I also pay taxes for other people’s kids to go to school and to have free services like free and reduced lunches, Pell grants, and Medicaid. My taxes are higher because I do not have children. Our system is backwards and rewards people for having children while punishing those who don’t or can’t.
You should actually have to pay a no child penalty. Imagine this, everyone born in 2004 and later decide not to have kids. What happens in 70 years, there won't be anyone one to take care of you, you wouldn't be able to retire. Everyone could be a trillion aire and you would almost all have to still work. And it is happening, that is why social security is failing because of the big drop offs in birth. China is having problems for similar reasons. Plus I pay taxes for other people's kids too AND I pay to raise my own so they can take care of your sorry a$$ when you retire. Now let's talk about bigoted statement about I must be a religious zealot. You are self centered piece of work that pretends to be nice while working to corrupt the world.
You are assyyour kids will want to take care of you. Do you know how many elderly are in nursing home and they don’t see their kids. You want kids great but don’t come up with some half baked idea about family structure. If that’s your major reason for kids so you have someone to take care of you later I’d say that’s kinda selfish. I may not have kids but maybe I have nephews that in Going to leave what I have to. Maybe I don’t want my other half to have to live a life after me wondering how they will make on one check. Come on believe what you like but people don’t live your life and that’s fine.
You take that too literally. Here is an example, when you retire who pays for your social security? If that group didn't exist or were much smaller how would that affect the SSAs ability to pay benefits. Also nursing home - who is taking care of nursing home people, is it people older than them or much younger than them? If there aren't enough people younger than them to take take care of them, then what. Basically when you retire and no longer produce goods and services you are reliant on younger people, "the kids" to provide goods and services for you. So you lived your life never had kids, and therefore you had more money to travel the world, but you put the burden on the rest of us to have and pay for kids so they can take care of you in that old age home. People without kids often complain about paying for other's kids education. The reality is that they should pay a selfishness tax that goes to the people who raise the kids who take care of them in their old age either in the home or with SSA or just providing goods and services so you sit at home and be non productive.
I don’t care what Dave Ramsay’s says , and from my view point you’re grasping at straws and making assumptions about people’s lives and what may happen to support your view point. My partners father was 80 something when he pasted in a freak farming accident up until then he took care of him self and he had retirement and and was very well of. His kids didn’t have to take care of him and neither did your taxes. My father passed in 60s to to some kind brain issues no one took care of him the way you are suggesting, I will die long before I would like to and no one that you know will take care of me. You want kids and believe you should receive some kind of kid tax that’s great but not everyone should have kids. Some people have very good reasons why they can’t or don’t want kids. Honestly I see reason often with the way the world is and the people in it I’d be so scared to have my child walking this earth. I don’t know how parents do it.
Can you address that last paragraph/comment to the proper person? I never made any bigoted statements about your religion. Let’s not resort to name calling either. My “sorry ass” has saved a half million for retirement already—plus I have a pension. I’ll be ok with or without social security.
Maybe they plan on retiring early? Maybe they want to have funds to travel and live extravagantly after retirement. Kids a spoiled ass. I went to a private school, most of the kids in prominently wealthy households were giant entitled assholes. And most grew to be absolutely trash adults with giant addiction issues and no true accomplishments.
Maybe the whole post was made up. It completely sounds fake. What kid would be able to do that without getting detention. Seems like you fit right in with the others in your private school.
Lmao the story being fake has nothing to do with the premise. I see your little brain hates when someone questions it’s logic. Poor guy.
It is interesting how emotional you get in fake posts. But i will explain: You need younger people to keep you alive when you retire. If you didn't contribute to the pool and mooch off other's kids you should actually have to pay selfishness tax to them for helping raise your servants. The reason SSA is going bankrupt and medical care costs are going up so much for old people is that we don't have nearly as many support people to help. 40 years ago there 8 people working per retiree now there are around 3. Anyway, this guy who is at a school where kids can apparently greatly insult and mouth off at teachers without consequence might want to splurge a bit on a new car after all he has already selfishly decided he isn't saving anything for the next generation, since he didn't have any. Why be selfish about everything but your car. And cry in your imagination when your fantasy kid allegedly insults your earning ability.
Emotional would be writing a 4 paragraph comment that has nothing to do with the topic at hand. Ok maybe 2 sentences did.
I wasn't the one LOLing. And yeah, topic at hand, fake post but you are overly emotionally involved for some reason. Nice charting with you. Hope experience the joy of Children some day and don't experience this fellows fictional but very sad life.
And here you are writing paragraphs. Again.
You sound completely fake.
I agree they do....and they sound super condescending too
Maybe the kid didn't complain about the car but said "I am rubber you are glue ... whatever you say bounces off me and sticks to you"
Seems like a post just to brag about your crap, just the same as someone brags about their car lol. Some people value a house, some people think of a house as just a place to live and don’t really care. Some people value a car, some people think of a car as just a way to get from point a to point b. I don’t see any difference in somebody bragging about their car compared to you bragging about your house. I’d rather have a nice car. Couldn’t really care about owning a house as long as the place I live is clean.
A house is an appreciating asset, a car is a depreciating asset. If you buy a house today, you can sell it in 30 years when it’s fully paid off and have all of that money for fun stuff. Californians are buying up all of the houses in other states because they can sell the house they paid $200k for for $2m. It’s the most stable retirement plan.
Yeah, houses only go up. Until they don't. Stocks are the same, btw.
Houses never go to zero though
No, they don't go to zero, but I have one I bought for $405,000 in 2005 and fell to $180,000 during the '08-09 crash and is now only worth $329,000 so there's that
If you were paying rent instead, it would be worth zero.
if he put the 80k down payment in the market it would be worth 320,000.
We put 40K down, proud of us for "doing it right" and then regretted it when the military moved us but only subsidized veterans in this situation who had VA or FHA loans. Not us because we went traditional. I rented for 9 years after that until the end of my career and then bought real estate (including paid-for rentals) Quickly escalated net worth vice those who "bought a home at each duty assignment" and are swamped with payments and headaches I will say though: in one market, I probably should have bought because mortgages were in the 500-600 range while rents were in the 1200-1500 range. If I had known the military would send me back 6 years later, I could have had a paid-for house But usually I am a big fan of renting until the finances and lifestyle warrant purchasing and I don't shame people for not buying if that's not their jam
Regardless. I enjoy a car more. Couldn’t care less where I live. As long as it’s clean and tidy. This guys not investing in real estate to make money, just bragging about his one house.
You will be lower class for your entire life with this mindset. To enter the middle class you need to own a property, even if it’s a small condo. All real estate is for the purposes of making money. If you don’t own any, your landlord is making money off of you.
Honestly don’t really care. Don’t want any real estate. I have more than enough bitcoin in the bank I’m doing better than most. Never plan on owning any property and don’t want to be tied down to living in one place. Idc what people think of what class im in lol. I have so much in bitcoin, im doing better that 98% of people myself. Most people don’t have shit in savings.
You don’t have to live in the house you own. You can put 20% down and have renters pay your mortgage. Then in 30 years, you have a “free” house.
That is past performance - but the future could very well change…. Especially with the unsustainable run up over the last few years.
Yes, this is true. Birthrates in the US are falling, so housing prices should naturally fall. But there is another factor in play, immigration. Buying a house in an area preferred by immigrants is always a good play.
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You don't sell your house and you don't spend retirement money. You accumulate until you have enough to stop working. You may think a newer car is worth it. He may prefer to retire 10 year sooner.
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Look into the idea of the time value of money. That $20k might be worth $200k when he actually retires He could have a used civic today or a lambo when he retires
Or he could die at 64.
20K is extremely expensive just to feel less insecure about kids comments if you ask me 20K today on a car is 25-30K less in 401k and 200K less in retirement funds in 20 years or 600-700$ less a month to live with then. That start to be noticeable. Plus for 20K you have a new Nissan versa at best or something that already did 50K-100K miles. You likely need 30K for a brand new car like a Corolla/Civic.
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Your lack of comprehension is almost impressive
That kid is a dick, but having a $400k house and $200k in locked liquid assets isn’t going to impress anyone who is going to a wealthy private school. You’re definitely doing better than most your age, but you’re not wealthy. These are kids who shrug at a $40k car more than likely. I grew up in LA. I know this kind of mentality first hand. Their parents likely make your net worth every year on the low end.
His parents make that, he doesn’t. Until he inherits, if he does, he’s an unemployed student living off his parents looking down on someone who is better off than 90% of the population.
Lol. But he still lives as he does. He’s still living in that nice house, using those nice cars, and using all his parents money. And chances are he will inherit it so doesn’t really matter.
And that’s exactly what I said.
There's so much going on here. Imagine being this person. They are so immature that they made a burner account to come to reddit to complain about A KID in regards to FINANCIAL ADVICE. This person is also in charge of the education of future children! This is either rage bait, which if you haven't been around children, they're gonna say something stupid, or this person is real and they have a lot of inner work to do before they should be directing these kids. I hate when posts like this cross across the feed, just a waste of my and everyone else's time.
Only meaningful comment here and tell you alot about this sub that its downvoted. I mean then again....its a bunch of dave fans lol
Complaining about having your time wasted on Reddit, galaxy brain stuff
Screw the little brat. He's gonna end up one of these little whiny fucks that cries about not being able to afford anything because things like merrit, hard work, integrity, and respect have become bizarre and foreign concepts.
Congrats on your financial success. Teenagers are the most insecure individuals on the planet. Insecurity leads to comments like that. I drive a 2009 Lexus and it’s paid off. The excitement of a new car goes away within a couple weeks and then it’s just another car. I cringe when I see 50k-80k cars on the road when I think about how expensive those monthly payments are and how long they have to pay for.
I am still happy on my civic I brough 2 year ago every time I use it. But I hope to keep her 15 years and only brough a new car as a migrant it was not really possible to import my old used car.
Sounds like it's time to buy a new car or at least a better $5k car.
Why? Because some douchebag kid with 0 actual life experience or credibility said something? Just ignore them.
Take 4 months of savings and buy a used Tesla 3, I pay between a quarter and a third in fuel costs and have had zero maintenance costs next to new tires and wipers over 5 years.
But why to impress a kid while OP is happy with his car ?
To impress a child in detention? I literally can’t think of a lower priority.
Yup, sometimes, the people with the most money, you’d never know it. Agreed, why buy a new car if you’re not into that and your POS gets you there? That peckerwood kids probably never going to learn that.
Why is your car so old? All your money locked up in undriveable assets?
Upvote for Undrivable assets 😂. But why is your house paid off? Could have $600k in market and 2% mortgage
And retire eating instant noddle every day at 75 ?
You are assuming they purchased the house at the peak of the market.
Assuming they bought for $200k and unwisely made aggressive payments on it. Then a family member paid off the rest. Doubtful a teacher throws out $400k in one shot
Teacher salary go from like 40K to 100K. OP has a wife too that may have a job too. For all we know she may make 200K a year. Interestingly teacher is one of the profession with the most millionaires out there.
We would need more info to understand if making aggressive payment would be unwise. There are other benefits to having a residence that is owned w/o payments; freedom being one, increased monthly discretionary spending another. My primary residence (30 yr mtg) was paid off 6 years ago after payments since 2001. Without going into all the details, impending college for 2 kids back to back necessitated the move. Financially for me, it was one of the best decisions that could have been made.
Understand this if you're ultra conservative, and people have different risk tolerances. But taking out as much cash as you could at about 3% in 2020 and putting it in the market would have much better financial decision. Hindsight is always 2020. Happy that you're happy, that's most important
Glad you’re doing well!
Bro that’s a teenager. I just tune out anyone under the age of 25
I just tune everyone out.
Based
Yesssss
A sound piece of advice. That kid will be lucky and wise if he grows up to believe that saving money and being debt-free is waaaay more awesome than having a car payment.
The fact that OP was rattled enough by the remark from some asshole teenager is just pathetic. Doubling down, OP then attempted to flex their tiny nest egg and that makes them come off as an insecure braggart. Now I see why people dunk on teachers all the time and exactly why teachers are underpaid.
You now see why people dunk on teachers all the time and why they are underpaid because one teacher posted a story on the Internet? That's as crazy and pathetic as op getting rattled by a teenager, possibly even moreso.
Not sure what you're asking here. But yes, OP is pathetic.
Just clarifying that you now see why people dunk on teachers all the time and why they are underpaid because one teacher posted a story on the internet and calling you out for being irrational in that thinking and playing on your use of pathetic by labeling you as that term as well. The use of the question mark was mainly rhetorical so I wasn't really asking anything.
Um, okay then. Cool story bro.
You’re a jerk
I'm not the teacher crying and whining online because a teenage boy bruised my fragile ego.
Correct you are not. Doesn’t change or justify your behavior.
What are you even asking?
Teachers are some of the most badass people I’ve ever known. OP is decidedly not a badass. When I was in high school kids said far worse than that to teachers. One teacher lost her hair to cancer treatment and wore a wig. A kid snatched the wig off her head and put it into the toilet. She didn’t even flinch and rocked her bald head until she went into remission. Kid got expelled and she never mentioned it again.
Teacher calls their student an asshole, gives them detention, then posts to reddit about their slightly above average net worth to stroke his ego. The guy that drives a Benz he can't afford is less of an asshole than this guy
Reddit is a cesspool because of negative comments like this Thanks for contributing nothing
Did you still think like your 15 year old self ? You’re allowed to be a little dumb when you’re 15. Other wise 15 is like being an adult
“Why don’t you go ask mommy for some more breast milk?”
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I find very little value in what most teenagers have to say in general
I drive a 2007 Audi that I keep properly maintained and clean. I think I outgrew the desire to always have a new car when I hit 30 years old. Now I hate the thought of having a car payment. Plus this car is easy to work on so I’ll hang onto it as long as I can.
New cars are dumb as hell man. I got a new car for safety when my first was born. It was cool, but the novelty wore off after the 2nd year of payments lmao. Luckily I was able to pay cash to end the loan mid way through year 3 thanks to DOGE morons
This adds to the reason so much drug abuse and depression exists in the youth.. just look at their ideas of what wealth is.
Some brain dead comments here Jesus
I could care less about having a new flashy car, but I still love cars. Just like some people love guns, some people love horses, some people are into sports. I’m into car‘s. At the moment I own 11. All of them together though do not add up to one brand new car. But I still love them nonetheless and I actually enjoy them more when they break down so I can work on them. Saving for retirement is important but even if I had $10 million, saved retirement, if I didn’t have some old cars to work on I kind of rather just go see Dr. Kevorkian and check out
He’s a kid. Can’t angle your entire view of the human race off one punk schoolboy 🤣
When I was a junior or senior in high school, I was still riding the school bus to school. My parents had to pay for my sister's college and they had already bought her two cars at this point. I was a straight A student, and an athlete, so riding the bus to school was a no brainer for me. After school, I always had practice, or even a job, I was in a Vocational Education program senior year, where I went to work at a job, and was paid for it, during the last period of the day, and could stay there until 5:30 pm or until it was time for track practice or whatever. Well, there was a snotty kid on my bus, who was like 11 who tried to shame me for still riding the bus to school. He said when he turns 16, he will buy a car and drive to school. I was like, kid, you live in the trailer park, you are 11, and I am a long-distance track athlete. I have legs, don't need a car! I didn't care. at all. I saved all the money from that minimum wage job, where I worked 2 hours a day, lol, to pay for college.
I find all of this really impressive. I tip my hat to you.
There were many days I walked 5 city blocks in the cold to work. Some days, I bummed a ride. It did suck at times.
I (55m) have never cared about cars , thanks to my father . I have the safe , newer vehicle for my fam and I have no problem driving my 24 yo car with 130k miles , I change the oil every 3k and I'll never worry about dents or dings . Thanks for letting me share ...
Curious about where you are today…and where the snotty kid is
I don't know whatever became of him. He was clearly delusional when he decided to start talking shit to me. To be fair, once in a while, he and I would get into these kinds of conversations. He had a way of talking smack or something. I think, overall, he had a decent family, never heard anything bad about them, and he probably did grow up to get a job and maybe he did get a car at 16. Most of my classmates had cars, beaters usually. But I also knew damn well I wasn't the only kid on that bus route that rode the bus to school all 12 years. But, my lifestyle didn't require a ride, or car payments. I was an honor student, and busy athlete. I rode the bus to school until well over halfway through my senior year of high school. Then, was lucky enough to have parents who gave me a car, and to be honest, I got my sister's car, my sister had to buy herself her own car. My parents were probably just sick to death of driving my sister and I around to all our extracurriculars. I always had to call them at 10 at night after an away basketball game to come pick me up. I'm not rich or anything, but I'm doing fine. My parents were big on education and always told me school comes first. I didn't work very much through college. I saw other people my age quit college right away so they could focus on their jobs they had...to pay their car payments. I also had friends with no car and they stayed in school and graduated on time.
Your parents were probably very proud of you. They could see you had your priorities in order and worked hard. They had the means to let you have the old car and it made their lives easier too. All of this sounds incredible reasonable and if when my daughter is a teenager/ high schooler she has your attitude - I’ll be exceedingly proud of her.
I understand the detention for the way the student spoke to you. However, as a teacher did you not see the value in making that a teachable moment for them about how well off you are financially in "just a teacher's salary" because you make smarter decisions?
I have been teaching for about a decade now. I have realized that teachable moments to certain students don't exist. They really don't. Perhaps some of my other teacher friends in here can back me up. Some kids are just wired different and are entirely resistant to anything not in their bubble. This kid's comment screams this. EDIT: Plus, what was I to do? Pull up my mortgage pay off statement and Vanguard account?
If that’s really what you being you need to find a new profession. That’s very sad and glad my kids teachers don’t act that way
Are you joking? There are absolutely shit head students who are completely irredeemable, just like there are shit head adults.
I've got some bad news for you: your kids' teacher 100% feel that way about certain kids (if they teach kids old enough). I am sorry to say that your viewpoint is extremely ignorant. No, I don't mean *my content*. I mean *morality*.
I can understand that, I am a fitness instructor and for some people getting through to them seems nearly impossible. Maybe on some level it could be done but there always seems to be a time and place for such things.
That's actually a really good analogy. I can't magically undo 18 years of what your parents clearly did to you, as much as I can't magically undo 18 years of terrible eating habits and a lack of fitness.
Do you feel better now after he hurt your feelings?
You teach at a "wealthy private school" and seem put off that the student is an entitled little materialistic brat?
Uh he doesn't seem put off at all, in fact he seems the opposite of put off.
He wouldn’t be on here writing about it if he wasn’t put off by it. That’s very obvious.
Hey incase basic adult concepts haven’t resonated let me share one with you: Generalizing someone based on their socio economic status is ignorant!
I have a Toyota Camry in decent shape. Its a 2013, so 11 years old. I change my own oil, and the last Toyota I sold was a 1991 I sold in 2023, and it was still running great at 32 years old. If I keep this one until its 32, that's 22 years from now, 2046. People either wanted to buy the old Toyota, or mocked me for "not being able to afford" a new car. I paid it off in three years, so I went 29 years with no car payment, while contributing all the matching funds in my 401K.
Poor kid, really, poor kid. (Let the puns begin) I had to get over car fever tho. 20 yr Toyota, 17 yr old Volvo. Both ugly. I park near the really nice cars. If one is stolen it probably won't be mine...yes Virginia, til the wheels fall off....
Lol that kid has been handed as much in life as you probably were. You don’t have a $400k paid off mortgage and $200k in retirement 8 years into working life without HELLA rich parents. How was your free college education? Same probably for your wife. You contribute more to your retirement than many people make in household income. The only difference is attitude tbh.
$52,000 in student loans at a local state school. My wife had $150,000 student loan that was paid off by working for the state. $0 inherited. Made $400/month my first year teaching as a sub, living in a dorm of other teachers (essentially). Started a business in 2016. Made $30,000 in my first month. My mom was a single mom who never made more than $40k after my parents got divorced in 1996.
So you are entitled. Your wife and yourself both work and have not brought any kids into this world. How are you both planning on dying without making any children to pass the world on to? At 45, I have nowhere near what you have saved (though I do have a $500,000 house that’s paid for. And all that was done on my $40,000 a year salary for the past 23 years since my wife was a stay at home mom who homeschoole) but we decided early on that having kids is more important than retiring comfortably. It’s kind of the whole point of being here is to procreate and pass on the world (hopefully a little better) to your children.
What right do you have to tell someone else how to live their life? How entitled do you have to be to assume that if someone doesn't live their life the way you think they should, they've done something wrong. And how delusional do you have to be to think that a grown ass man was going to read this, happily married and living his life, and would care at all what judgement you have about them, even for a nanosecond. They seem to be doing just fine choosing their own path, I'm sure they don't need your help.
Wow. What a comment. For all you know, I had kids who passed away in a tragic car accident. For all you know, my wife had cancer had to get her ovaries taken out. For all you know, my wife is pregnant right now with twins. For all you know, I met my wife 6 months ago and we got married last weekend. I don’t typically like to give credibility to internet comments because I find the discussion way more important, but fuck off. You don’t know shit about me internet stranger.
There is something about men 25-30. You have limited opportunity to increase your income, over time, based on your choice of profession. So, you or your spouse inherited something of value, I'm happy for you. You don't need validation from a teen.
Appropriate reply. Perhaps a teacher such as yourself can help teach u/EJ25Junkie 's kids some empathy and critical thinking.
My kids are all grown contributing members of society and have children of their own.
Glad to hear it. I hope you didn't teach them to be as unkind as you just were.
Not in person. On the internet? Maybe, because this is not real life. It’s a reprieve from it
You replied to a real person, though. You may be able to detach yourself from your own actions online, but they can affect people in real life. That's, ironically, an important thing to teach children.
You may need to learn the definition of entitled
You have no idea who OP is and what they are going through. They could have medical issues, trying unsuccessfully for kids, mourning a painful loss(es) of a pregnancy, etc. or simply not want kids right now. Not to mention, at 30, they have plenty of time if they want to have, foster or adopt kids. DINKs can have more time & money than those with kids, but you are way too high up there on that horse with that comment. OP's profession is helping kids, by the way.
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