Realized I’m over saving.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The mind set here is skewed crazy-town. The amounts people seem to think they *need* are more than what 98% of the country have saved, and they are traveling, eating, going out and having fun living their lives on much, much less.

They’re not though. Being bottom 98% in this country sucks.

Yup! Most people in this country are barely surviving, don't take many vacations (if they do, it's driving a few hours away for a long weekend or a rental for 1 week), they certainly are not dining out all the time or traveling the world.

I have family like that, and a treat for them is every 2-3 weeks going out to Chili's or equivalent for dinner and their vacations are to see family. Never left the USA and haven't taken what most of us would call a "real vacation" ever in their lives.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Im in a peculiar position. Wife and I have roughly 1M in investments excluding home equity. We are early 30s. We are on track to reach 4M by the time I’m 45. We would have enough to stop working by age 42 or so (ie pay mortgage, essentials, travel, and some specific splurges). We still need to keep saving the way we are now for 5 more years at least but I see the snowball forming and it’s intimidating.

What will I do at age 45 when we have all that money in the bank? Do people stop working? I don’t necessarily want to get a bigger house or buy a Ferrari or stuff like that. Just thinking about the “not having to work” is nuts.

What have yall that are in a similar situation done? Gone part time? Spend more time with family?

4m is oversaving? Work to get to 10 by 50

I was going to say something similar… we are tracking towards $25-30M by 50 without any windfalls, just living substantially below our means while working high paying jobs like the earlier PP.

Nobody is impressed that people with high incomes can save a lot of money.

But plenty who are High earning do not manage to save. Instead they live above their means (or utilizing 95%+ for daily living) and have shockingly little to show for it. Whereas we owned our first home outright by age 40, and paid cash for cars starting at age 30. Still lived nicely but focused on saving so that now in our 50s, we are retired, and can basically do whatever we want. However, many friends on a similar path still have to work because they need to (know one specifically who doesn't Own their home, is trying to cash flow medical school for a kid who has wanted to be a doctor since toddler age, and is in debt for the house, and much more---despite making similar to us).

[Anonymous]

Anonymous wrote:

Anonymous wrote:When I would previously post about needing 20M in today’s dollars to retire comfortably, people would disagree with me. I’m glad to see that the tides are turning. Having 4M at 45 is nothing.

Show us your annual retirement budget.

DP: It depends for each family.

For us, we plan to spend $500K/year in current dollars. We can do that mostly from our earnings, so principle is maintained. And we figure that spending level will go down a bit once we hit 70 (doubt we will be traveling 150+ days of the year at that age---doing it in our 50/60s while we are healthy and can).

Could we live on less? Of course! But we planned for this and didn't retire until we could have what we wanted.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Considering college is not 100K a year at 16 colleges and it has been doubling every ten years, the average new born kid could be spending up to 1.6 million for tuition each kid.

College is clearly on the decline - might not be done in 20 years but it’s struggling and we’re going to see more and more disruptive HS > workplace pipelines. Especially as AI takes over a lot of the “high effort, low skill” professional class work.

Tech firms like Palantir are already experimenting with apprenticeships for talented HS graduates that skip college entirely and land them in $200K+ jobs after completion.

Also trade school apps are at an all time high.

Yeah, Palantir is giving a few bright kids big bucks to create a slave model for the US. This shouldn’t be welcome. Getting them pre-college means they have little education, which means they become doers, not thinkers.

The truly wealthy won’t give up college. It’s staggering how wealthy my kids’ college friends are. They will be the thinking class, while everyone else is the scrolling class.

Look at Epstein’s deep ties to Harvard and top scientists. You don’t want these privileged, groomed kids working for Palantir.

Wake up!

A bit jealous, eh? Feeling like you followed the rules and ticked the boxes and suddenly the world is leaving you behind? There's something about this when it comes to college degrees. People discovering having advanced degrees or even a degree from HYP isn't the golden ticket they once thought it was? The vanities are being exposed and some people are struggling with it.

Colleges have a useful function. They are also overrated. The concept of a college turning you into a "thinker" as opposed to a "doer" is fiction, most college grads aren't "thinkers versus doers." A lot of crap and silly thinking comes out of college campuses, the Ivory Tower is perhaps the most clueless place in society. And doers, if by that you mean the kids going straight from HS to work at Palantir or other tech firms, can change the world overnight.

College degrees as an useful identifier isn't going away but the relationship to colleges is changing. No one cares if you majored in English at Columbia if all you did was to write papers on transqueer gender politics in Shakespeare. They just see you graduated from college, tick the box, now let's see what you're really capable of. Your internships? What did you do? Can you add value to the business? No? Next, please. Iowa grad with an econ degree and internship at PWC? Know how to use Claude to analyze a hundred datasheets? Hired.

This post just spews resentment.

That says more about you than the PP

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Im in a peculiar position. Wife and I have roughly 1M in investments excluding home equity. We are early 30s. We are on track to reach 4M by the time I’m 45. We would have enough to stop working by age 42 or so (ie pay mortgage, essentials, travel, and some specific splurges). We still need to keep saving the way we are now for 5 more years at least but I see the snowball forming and it’s intimidating.

What will I do at age 45 when we have all that money in the bank? Do people stop working? I don’t necessarily want to get a bigger house or buy a Ferrari or stuff like that. Just thinking about the “not having to work” is nuts.

What have yall that are in a similar situation done? Gone part time? Spend more time with family?

4m is oversaving? Work to get to 10 by 50

I was going to say something similar… we are tracking towards $25-30M by 50 without any windfalls, just living substantially below our means while working high paying jobs like the earlier PP.

Nobody is impressed that people with high incomes can save a lot of money.

But plenty who are High earning do not manage to save. Instead they live above their means (or utilizing 95%+ for daily living) and have shockingly little to show for it. Whereas we owned our first home outright by age 40, and paid cash for cars starting at age 30. Still lived nicely but focused on saving so that now in our 50s, we are retired, and can basically do whatever we want. However, many friends on a similar path still have to work because they need to (know one specifically who doesn't Own their home, is trying to cash flow medical school for a kid who has wanted to be a doctor since toddler age, and is in debt for the house, and much more---despite making similar to us).

The pressure to keep up with everyone at these income levels is very real. It takes a special mindset to accept being treated as if you’re financially struggling by friends and family because you live modestly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Im in a peculiar position. Wife and I have roughly 1M in investments excluding home equity. We are early 30s. We are on track to reach 4M by the time I’m 45. We would have enough to stop working by age 42 or so (ie pay mortgage, essentials, travel, and some specific splurges). We still need to keep saving the way we are now for 5 more years at least but I see the snowball forming and it’s intimidating.

What will I do at age 45 when we have all that money in the bank? Do people stop working? I don’t necessarily want to get a bigger house or buy a Ferrari or stuff like that. Just thinking about the “not having to work” is nuts.

What have yall that are in a similar situation done? Gone part time? Spend more time with family?

People who have a net worth of 5M do not stop working LOLOLOLOL!!! That's not FU money. I'm 48 high NW and still go to work like everyone else.

Yeah, that's BS, a lot of people stop working with a lot less than this, they just have a lot less in expenses. Also, you could have a high NW and low cash flow, which is the reason HNW feel like they don't have ability to splurge or retire. Because their money isn't here to spend today, they have to wait till they are 65. A lot also don't want to get hit with tax bills from selling assets. If you don't have enough on liquid brokerage accounts or rental RE that cashflows, then you feel like it's never enough. Because you cannot cover your expenses without your income. You are not financially independent

sorry, very very few people in their 40s worth 5M retire at that time. No matter how that 5M looks. I have rentals, I have dividends, and I have a large Roth along with all the “regular” crap. I have HNW friends and family , it’s just where i grew up and the family i’m from. I do t know a single person who has retired in their 40s.

Just because there is a huge lower middle class in America who do it on less doesn’t mean anything compared actual wealthy people.

Exactly! Because most worth that much in their 40s don't want to live on $50K per year. They have kids, family, and want to enjoy lifestyle they are accustomed to. Also most who are worth that much in 40s actually like what they do and are good at it, so why would they give it up so early?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Considering college is not 100K a year at 16 colleges and it has been doubling every ten years, the average new born kid could be spending up to 1.6 million for tuition each kid.

College is clearly on the decline - might not be done in 20 years but it’s struggling and we’re going to see more and more disruptive HS > workplace pipelines. Especially as AI takes over a lot of the “high effort, low skill” professional class work.

Tech firms like Palantir are already experimenting with apprenticeships for talented HS graduates that skip college entirely and land them in $200K+ jobs after completion.

Also trade school apps are at an all time high.

Yeah, Palantir is giving a few bright kids big bucks to create a slave model for the US. This shouldn’t be welcome. Getting them pre-college means they have little education, which means they become doers, not thinkers.

The truly wealthy won’t give up college. It’s staggering how wealthy my kids’ college friends are. They will be the thinking class, while everyone else is the scrolling class.

Look at Epstein’s deep ties to Harvard and top scientists. You don’t want these privileged, groomed kids working for Palantir.

Wake up!

A bit jealous, eh? Feeling like you followed the rules and ticked the boxes and suddenly the world is leaving you behind? There's something about this when it comes to college degrees. People discovering having advanced degrees or even a degree from HYP isn't the golden ticket they once thought it was? The vanities are being exposed and some people are struggling with it.

Colleges have a useful function. They are also overrated. The concept of a college turning you into a "thinker" as opposed to a "doer" is fiction, most college grads aren't "thinkers versus doers." A lot of crap and silly thinking comes out of college campuses, the Ivory Tower is perhaps the most clueless place in society. And doers, if by that you mean the kids going straight from HS to work at Palantir or other tech firms, can change the world overnight.

College degrees as an useful identifier isn't going away but the relationship to colleges is changing. No one cares if you majored in English at Columbia if all you did was to write papers on transqueer gender politics in Shakespeare. They just see you graduated from college, tick the box, now let's see what you're really capable of. Your internships? What did you do? Can you add value to the business? No? Next, please. Iowa grad with an econ degree and internship at PWC? Know how to use Claude to analyze a hundred datasheets? Hired.

This! College is a tool. What you do with it while there and beyond is up to you.

But fact remains, most careers require a college degree outside the trades, and not having one makes becoming a higher earner difficult (and most people don't want to be in body breaking trades in their 50s+ so it's useful to have another path)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Considering college is not 100K a year at 16 colleges and it has been doubling every ten years, the average new born kid could be spending up to 1.6 million for tuition each kid.

College is clearly on the decline - might not be done in 20 years but it’s struggling and we’re going to see more and more disruptive HS > workplace pipelines. Especially as AI takes over a lot of the “high effort, low skill” professional class work.

Tech firms like Palantir are already experimenting with apprenticeships for talented HS graduates that skip college entirely and land them in $200K+ jobs after completion.

Also trade school apps are at an all time high.

Yeah, Palantir is giving a few bright kids big bucks to create a slave model for the US. This shouldn’t be welcome. Getting them pre-college means they have little education, which means they become doers, not thinkers.

The truly wealthy won’t give up college. It’s staggering how wealthy my kids’ college friends are. They will be the thinking class, while everyone else is the scrolling class.

Look at Epstein’s deep ties to Harvard and top scientists. You don’t want these privileged, groomed kids working for Palantir.

Wake up!

A bit jealous, eh? Feeling like you followed the rules and ticked the boxes and suddenly the world is leaving you behind? There's something about this when it comes to college degrees. People discovering having advanced degrees or even a degree from HYP isn't the golden ticket they once thought it was? The vanities are being exposed and some people are struggling with it.

Colleges have a useful function. They are also overrated. The concept of a college turning you into a "thinker" as opposed to a "doer" is fiction, most college grads aren't "thinkers versus doers." A lot of crap and silly thinking comes out of college campuses, the Ivory Tower is perhaps the most clueless place in society. And doers, if by that you mean the kids going straight from HS to work at Palantir or other tech firms, can change the world overnight.

College degrees as an useful identifier isn't going away but the relationship to colleges is changing. No one cares if you majored in English at Columbia if all you did was to write papers on transqueer gender politics in Shakespeare. They just see you graduated from college, tick the box, now let's see what you're really capable of. Your internships? What did you do? Can you add value to the business? No? Next, please. Iowa grad with an econ degree and internship at PWC? Know how to use Claude to analyze a hundred datasheets? Hired.

This! College is a tool. What you do with it while there and beyond is up to you.

But fact remains, most careers require a college degree outside the trades, and not having one makes becoming a higher earner difficult (and most people don't want to be in body breaking trades in their 50s+ so it's useful to have another path)

The professional class doesn’t understand a substantial number of trades people (the good ones, who go to trade school and make a career of it) are also entrepreneurs who end up selling their roofing company they scaled to 50 employees over 30 years for $30M to a PE firm when it’s time to retire. While making millions a year before that. You think that owner is breaking their back at 50? You see the grunt who shows up at your house to fix the toilet, not the owner who is at their Naples winter house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Im in a peculiar position. Wife and I have roughly 1M in investments excluding home equity. We are early 30s. We are on track to reach 4M by the time I’m 45. We would have enough to stop working by age 42 or so (ie pay mortgage, essentials, travel, and some specific splurges). We still need to keep saving the way we are now for 5 more years at least but I see the snowball forming and it’s intimidating.

What will I do at age 45 when we have all that money in the bank? Do people stop working? I don’t necessarily want to get a bigger house or buy a Ferrari or stuff like that. Just thinking about the “not having to work” is nuts.

What have yall that are in a similar situation done? Gone part time? Spend more time with family?

4m is oversaving? Work to get to 10 by 50

I was going to say something similar… we are tracking towards $25-30M by 50 without any windfalls, just living substantially below our means while working high paying jobs like the earlier PP.

Nobody is impressed that people with high incomes can save a lot of money.

But plenty who are High earning do not manage to save. Instead they live above their means (or utilizing 95%+ for daily living) and have shockingly little to show for it. Whereas we owned our first home outright by age 40, and paid cash for cars starting at age 30. Still lived nicely but focused on saving so that now in our 50s, we are retired, and can basically do whatever we want. However, many friends on a similar path still have to work because they need to (know one specifically who doesn't Own their home, is trying to cash flow medical school for a kid who has wanted to be a doctor since toddler age, and is in debt for the house, and much more---despite making similar to us).

The pressure to keep up with everyone at these income levels is very real. It takes a special mindset to accept being treated as if you’re financially struggling by friends and family because you live modestly.

Well we have never caved to "trying to impress others". We both grew up LMC/MC, graduated college with debt and worked hard to quickly pay it off and then live moderately while we saved. Then we saved immediately for college once kids arrived, because we knew they wouldn't get financial aid. Once it became apparent they might want graduate school, we saved for that as well (although not all in 529 in case they don't use it for school). And yes, most of our friends likely thought we have much less than we actually have. We don't care. What we care about is that we lived well within our means and fiscally sound.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Considering college is not 100K a year at 16 colleges and it has been doubling every ten years, the average new born kid could be spending up to 1.6 million for tuition each kid.

College is clearly on the decline - might not be done in 20 years but it’s struggling and we’re going to see more and more disruptive HS > workplace pipelines. Especially as AI takes over a lot of the “high effort, low skill” professional class work.

Tech firms like Palantir are already experimenting with apprenticeships for talented HS graduates that skip college entirely and land them in $200K+ jobs after completion.

Also trade school apps are at an all time high.

Yeah, Palantir is giving a few bright kids big bucks to create a slave model for the US. This shouldn’t be welcome. Getting them pre-college means they have little education, which means they become doers, not thinkers.

The truly wealthy won’t give up college. It’s staggering how wealthy my kids’ college friends are. They will be the thinking class, while everyone else is the scrolling class.

Look at Epstein’s deep ties to Harvard and top scientists. You don’t want these privileged, groomed kids working for Palantir.

Wake up!

A bit jealous, eh? Feeling like you followed the rules and ticked the boxes and suddenly the world is leaving you behind? There's something about this when it comes to college degrees. People discovering having advanced degrees or even a degree from HYP isn't the golden ticket they once thought it was? The vanities are being exposed and some people are struggling with it.

Colleges have a useful function. They are also overrated. The concept of a college turning you into a "thinker" as opposed to a "doer" is fiction, most college grads aren't "thinkers versus doers." A lot of crap and silly thinking comes out of college campuses, the Ivory Tower is perhaps the most clueless place in society. And doers, if by that you mean the kids going straight from HS to work at Palantir or other tech firms, can change the world overnight.

College degrees as an useful identifier isn't going away but the relationship to colleges is changing. No one cares if you majored in English at Columbia if all you did was to write papers on transqueer gender politics in Shakespeare. They just see you graduated from college, tick the box, now let's see what you're really capable of. Your internships? What did you do? Can you add value to the business? No? Next, please. Iowa grad with an econ degree and internship at PWC? Know how to use Claude to analyze a hundred datasheets? Hired.

This! College is a tool. What you do with it while there and beyond is up to you.

But fact remains, most careers require a college degree outside the trades, and not having one makes becoming a higher earner difficult (and most people don't want to be in body breaking trades in their 50s+ so it's useful to have another path)

The professional class doesn’t understand a substantial number of trades people (the good ones, who go to trade school and make a career of it) are also entrepreneurs who end up selling their roofing company they scaled to 50 employees over 30 years for $30M to a PE firm when it’s time to retire. While making millions a year before that. You think that owner is breaking their back at 50? You see the grunt who shows up at your house to fix the toilet, not the owner who is at their Naples winter house.

Totally understand that. Also I"m smart enough to realize that most Trades people do NOT do that. You need a special mindset and skill set to be an entrepreneur, and likely some business courses to build a trade company so that it's worth millions. Most own a smaller business (if they are capable of doing it and have the means) and work until they are much older as managing it because they wont' get millions if they sell.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Considering college is not 100K a year at 16 colleges and it has been doubling every ten years, the average new born kid could be spending up to 1.6 million for tuition each kid.

College is clearly on the decline - might not be done in 20 years but it’s struggling and we’re going to see more and more disruptive HS > workplace pipelines. Especially as AI takes over a lot of the “high effort, low skill” professional class work.

Tech firms like Palantir are already experimenting with apprenticeships for talented HS graduates that skip college entirely and land them in $200K+ jobs after completion.

Also trade school apps are at an all time high.

Yeah, Palantir is giving a few bright kids big bucks to create a slave model for the US. This shouldn’t be welcome. Getting them pre-college means they have little education, which means they become doers, not thinkers.

The truly wealthy won’t give up college. It’s staggering how wealthy my kids’ college friends are. They will be the thinking class, while everyone else is the scrolling class.

Look at Epstein’s deep ties to Harvard and top scientists. You don’t want these privileged, groomed kids working for Palantir.

Wake up!

A bit jealous, eh? Feeling like you followed the rules and ticked the boxes and suddenly the world is leaving you behind? There's something about this when it comes to college degrees. People discovering having advanced degrees or even a degree from HYP isn't the golden ticket they once thought it was? The vanities are being exposed and some people are struggling with it.

Colleges have a useful function. They are also overrated. The concept of a college turning you into a "thinker" as opposed to a "doer" is fiction, most college grads aren't "thinkers versus doers." A lot of crap and silly thinking comes out of college campuses, the Ivory Tower is perhaps the most clueless place in society. And doers, if by that you mean the kids going straight from HS to work at Palantir or other tech firms, can change the world overnight.

College degrees as an useful identifier isn't going away but the relationship to colleges is changing. No one cares if you majored in English at Columbia if all you did was to write papers on transqueer gender politics in Shakespeare. They just see you graduated from college, tick the box, now let's see what you're really capable of. Your internships? What did you do? Can you add value to the business? No? Next, please. Iowa grad with an econ degree and internship at PWC? Know how to use Claude to analyze a hundred datasheets? Hired.

This! College is a tool. What you do with it while there and beyond is up to you.

But fact remains, most careers require a college degree outside the trades, and not having one makes becoming a higher earner difficult (and most people don't want to be in body breaking trades in their 50s+ so it's useful to have another path)

The professional class doesn’t understand a substantial number of trades people (the good ones, who go to trade school and make a career of it) are also entrepreneurs who end up selling their roofing company they scaled to 50 employees over 30 years for $30M to a PE firm when it’s time to retire. While making millions a year before that. You think that owner is breaking their back at 50? You see the grunt who shows up at your house to fix the toilet, not the owner who is at their Naples winter house.

And he screws over the 50 employees when he does that because PE runs it into the ground, takes its losses and moves on. This is not a win. A lot of people confused on this thread.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Considering college is not 100K a year at 16 colleges and it has been doubling every ten years, the average new born kid could be spending up to 1.6 million for tuition each kid.

College is clearly on the decline - might not be done in 20 years but it’s struggling and we’re going to see more and more disruptive HS > workplace pipelines. Especially as AI takes over a lot of the “high effort, low skill” professional class work.

Tech firms like Palantir are already experimenting with apprenticeships for talented HS graduates that skip college entirely and land them in $200K+ jobs after completion.

Also trade school apps are at an all time high.

Yeah, Palantir is giving a few bright kids big bucks to create a slave model for the US. This shouldn’t be welcome. Getting them pre-college means they have little education, which means they become doers, not thinkers.

The truly wealthy won’t give up college. It’s staggering how wealthy my kids’ college friends are. They will be the thinking class, while everyone else is the scrolling class.

Look at Epstein’s deep ties to Harvard and top scientists. You don’t want these privileged, groomed kids working for Palantir.

Wake up!

A bit jealous, eh? Feeling like you followed the rules and ticked the boxes and suddenly the world is leaving you behind? There's something about this when it comes to college degrees. People discovering having advanced degrees or even a degree from HYP isn't the golden ticket they once thought it was? The vanities are being exposed and some people are struggling with it.

Colleges have a useful function. They are also overrated. The concept of a college turning you into a "thinker" as opposed to a "doer" is fiction, most college grads aren't "thinkers versus doers." A lot of crap and silly thinking comes out of college campuses, the Ivory Tower is perhaps the most clueless place in society. And doers, if by that you mean the kids going straight from HS to work at Palantir or other tech firms, can change the world overnight.

College degrees as an useful identifier isn't going away but the relationship to colleges is changing. No one cares if you majored in English at Columbia if all you did was to write papers on transqueer gender politics in Shakespeare. They just see you graduated from college, tick the box, now let's see what you're really capable of. Your internships? What did you do? Can you add value to the business? No? Next, please. Iowa grad with an econ degree and internship at PWC? Know how to use Claude to analyze a hundred datasheets? Hired.

This! College is a tool. What you do with it while there and beyond is up to you.

But fact remains, most careers require a college degree outside the trades, and not having one makes becoming a higher earner difficult (and most people don't want to be in body breaking trades in their 50s+ so it's useful to have another path)

The professional class doesn’t understand a substantial number of trades people (the good ones, who go to trade school and make a career of it) are also entrepreneurs who end up selling their roofing company they scaled to 50 employees over 30 years for $30M to a PE firm when it’s time to retire. While making millions a year before that. You think that owner is breaking their back at 50? You see the grunt who shows up at your house to fix the toilet, not the owner who is at their Naples winter house.

And he screws over the 50 employees when he does that because PE runs it into the ground, takes its losses and moves on. This is not a win. A lot of people confused on this thread.

Also, very few Trade owners manage to sell for this much. Most struggle to keep company afloat. You can earn a good living, but you rarely get rich

[Anonymous]

I don’t consider this over saving. You have done well but I would not classify it as over saving. Just quit at 50.

[Anonymous]

You are not over saving unless you are eating Spam! Building up a big nest egg early gives you incredible freedom to do so many things. I couldn’t fathom retiring in my 40s or early 50s. We always saved a high percent of our income but we lived comfortably. Finally we decided to exit full time work because we had all the money we needed but we wanted to enjoy our lives.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Considering college is not 100K a year at 16 colleges and it has been doubling every ten years, the average new born kid could be spending up to 1.6 million for tuition each kid.

College is clearly on the decline - might not be done in 20 years but it’s struggling and we’re going to see more and more disruptive HS > workplace pipelines. Especially as AI takes over a lot of the “high effort, low skill” professional class work.

Tech firms like Palantir are already experimenting with apprenticeships for talented HS graduates that skip college entirely and land them in $200K+ jobs after completion.

Also trade school apps are at an all time high.

Yeah, Palantir is giving a few bright kids big bucks to create a slave model for the US. This shouldn’t be welcome. Getting them pre-college means they have little education, which means they become doers, not thinkers.

The truly wealthy won’t give up college. It’s staggering how wealthy my kids’ college friends are. They will be the thinking class, while everyone else is the scrolling class.

Look at Epstein’s deep ties to Harvard and top scientists. You don’t want these privileged, groomed kids working for Palantir.

Wake up!

A bit jealous, eh? Feeling like you followed the rules and ticked the boxes and suddenly the world is leaving you behind? There's something about this when it comes to college degrees. People discovering having advanced degrees or even a degree from HYP isn't the golden ticket they once thought it was? The vanities are being exposed and some people are struggling with it.

Colleges have a useful function. They are also overrated. The concept of a college turning you into a "thinker" as opposed to a "doer" is fiction, most college grads aren't "thinkers versus doers." A lot of crap and silly thinking comes out of college campuses, the Ivory Tower is perhaps the most clueless place in society. And doers, if by that you mean the kids going straight from HS to work at Palantir or other tech firms, can change the world overnight.

College degrees as an useful identifier isn't going away but the relationship to colleges is changing. No one cares if you majored in English at Columbia if all you did was to write papers on transqueer gender politics in Shakespeare. They just see you graduated from college, tick the box, now let's see what you're really capable of. Your internships? What did you do? Can you add value to the business? No? Next, please. Iowa grad with an econ degree and internship at PWC? Know how to use Claude to analyze a hundred datasheets? Hired.

This! College is a tool. What you do with it while there and beyond is up to you.

But fact remains, most careers require a college degree outside the trades, and not having one makes becoming a higher earner difficult (and most people don't want to be in body breaking trades in their 50s+ so it's useful to have another path)

College is a scam. It’s for morons.
Bill Gates and Steve Jobs never graduated from college.