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Reply to "When I was in college (20+ years ago) I worked retail and was scheduled 4-5 days a week "
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[quote=Anonymous]Why does it have to be retail? My kid started as a food-runner during his first semester while in community college making $19 an hour (Tyson's corner). He has been working 30+ hours a week, but the need is 40+ hours. He is about to become a server and servers make $40-$45 an hour. I invested only $6k in 2007-2010 into 529, which grew into $26k. The kid got 30 credits transferred and cc is cheap. In-state will cost only $40k in total for years 3-4. We are not taking out loans, and haven't even bothered with grants yet. His workplace is hiring and so is mine if you are in DMV. He files his own taxes, no tax on tips, and gets a refund that pays for 2 of his classes. I was an international student with no right to work everywhere, limited hours, no support from family, no loans, and I paid 2.5x what everyone else paid. My employer also kept a lot of my money as they knew I couldn't speak up. When I compare my life to my kid's life, he has it easy. He has money left over to invest. I think he has saved up $7k already. 4k went into Roth for 2025. This year he will max out to $7500, the rest goes into investment account. [/quote]
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