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Reply to "Is teaching a “hobby” job?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Of my parents’ retired friends, those who are in the best financial position are almost all retired teachers. But sure it was a hobby. [/quote] Why?[/quote] It provided a solid middle class income with good benefits. They didn’t make biglaw money but that also meant that they didn’t spend like biglaw partners. My parents’ best friends — both retired teachers — have a big pension, long-since paid off home, and at least $5 million saved (the beauty of compound interest). They are in their early 70s and take at two Nat Geo cruises each year and spoil their grandkids. My inlaws, on the other hand, worked fairly high paying corporate jobs but spent money like it was going out of style. They have nothing but social security now and we subsidize them. But I’m not bitter. [/quote]
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