Quote:
Originally Posted by Loveshiscountry
Depends on what job they each had. Obvious that a teacher or social worker, no matter their skin color, will not have the wealth of a doctor or someone in electrical engineering.
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I'm a teacher (just completed my 40th year) and am worth about $2 million total. ($1 million oceanfront condo in Maui and a million in other assets.) It took financial planning and good investing. Of course, luck also played a role.
I still work because I enjoy it and there is a huge need for teachers in Hawaii. My 22 year-old twin grandsons live with me so my grocery bills are high.
Whenever I've made large purchases, I checked carefully to make sure I was getting the best possible price. I pay cash for my cars (a new Lexus RX450h) and my home is paid off. I also traveled the world for decades on a frugal budget, using hostels, and bargain airfares. I've been to 100 countries on 6 continents, most of them repeatedly. Now, as a senior, I stay in 5-star hotels and enjoy cruises. I still fly "Coach", LOL.
In my will, I am leaving my assets to family and 10k each to a dozen former students who really need it. I expect that money to be frittered away, but I'm okay with that.
I didn't start with a parental handout although they did co-sign for my first home loan.
I see no reason why young people today can't do as well. Lack of a work-ethic seems to be the biggest problem. Many now spend their lives face-planted in a phone and choose not to work.
Surprisingly, many high school kids today have no interest in getting a driver's license. I couldn't wait to get mine.
Times have certainly changed!
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