Realized I’m over saving.

[Anonymous]

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.

[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.

Can you really not comprehend the fact that there are people out there who have no desire to be wealthy? I'm 40 and $5M is very likely more money than I will make in the rest of my working life. If I had $5M in the bank right now just drawing it down at 4% a year would be significantly more than my current salary. You better believe if I had $5M right now I'd never work another day in my life. Hell, I'd do it with $2M, the pay cut would be well worth not throwing 40 hours a week away for the next 25 years.

[Anonymous]

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.

[Anonymous]

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.

Wow, typos/grammatical errors aside the lack of logic here is astounding

[Anonymous]

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.

So go somewhere with scholarships and financial aid, there's plenty available.

[Anonymous]

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.

[Anonymous]

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.

It's doubtful that this trajectory will continue, because the enrollment in so many years will also be a lot lower, and there will be not as much competition with fewer kids graduating each year. Schools may will have to cut tuition or offer special packages to more kids to remain relevant or even stay open. It's already reached the top of what people can possibly afford, so right now even UMC families are looking for the alternatives to costly colleges. I am guessing in another few years the entire paradigm of bankrolling your kid through private college and letting them have a good time on-campus for 4 years to get a degree that doesn't guarantee a living wage job is going to start fading away.

There will be more class separation with the truly wealthy buying what will become an "exclusive" experience for their kids and then bankrolling them through life and everyone else (who has to work for a living, even in professional job class) trying to find their loopholes to cut costs and extract value from education system beyond a standard 4 year diploma or a name of the school.

[Anonymous]

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.

This. More and more people even in upper middle classes and professional careers realize they cannot afford the extended childhood for their kids. People are not having kids also because our system has evolved to extract as much value from parenting as possible, making "launching" or raising a child to adulthood last well over 20 years. It's an economic machine, which goal is to extract monetary value and boost local economies. But customers are getting broke and don't want to continue to oil up this machine for more years than needed.
The system forcing parents to invest all these years and all this money for a degree with the sole purpose to get their kid a job/career will break sooner than you think.

[Anonymous]

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!

[Anonymous]

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!

Don’t disagree but moral outrage doesn’t make it not true

[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!

Don’t disagree but moral outrage doesn’t make it not true

Citing Peter Thiel as having his finger on the pulse of what Americans need and deserve (i.e. having high paying jobs for mostly white boys who don't go to college) is my argument. I'm not disputing the fact of it. I'm disputing the idea that Thiel is fixing a decline. He is hastening it and creating a new model before our own eyes.

[Anonymous]

If you find yourself still young with plenty of money, build your dream. Only you know what that is. Surf shop? Housing for the needy? Yacht captain? Tutoring?

[Anonymous]

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.

[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.

Am I jealous of a paranoid, amoral meglomaniac, who can't decide if he cares whether or not society survives?

You must be the DCUMommy who has a son at Palantir. I would be mortified if either of my boys worked there.

Why don't you read up about how Thiel and his broligarchs are creating a scrolling class, before you carry more water for them. They LOVE people like you.

[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 post just spews resentment.