Reply to More Teachers become millionaires than doctors?

Forum Index » Money and Finances

Reply to "More Teachers become millionaires than doctors?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Weird thread.

There are far more teachers than doctors.

A million in equity and pensions is very doable if teachers are sensible throughout their lives. But a million in equity and pension is still a simple and quiet retirement. A million today isn't a million in 1990.

Your typical doctor is going to have far more wealth in retirement than your typical teacher.

I know teachers. I know doctors. This is just distorting the facts and abusing the concept of a million to make for a catchy headline. The vast majority of teachers are not headed for generous retirement if they are single or married to other teachers. [/quote]

Yes.  This!

The actual headline is:“[b]millionaires[/b] more likely to be teachers than doctors”

But they want you to read it as:
“[b]Teachers[/b] more likely to be millionaires than doctors.”

There are probably 5 times as many teachers as there are doctors.  (Probably more if you are only counting people willing to fill out a survey from Dave Ramsey).  So, let’s say that 90% of doctors have $1 million saved, and half of those have at least $5 million saved.  And 20% of the teachers have $1 million saved, and <1% have $5 million.  
The way that it’s worded, teachers still come out ahead.

Dave Ramsey has some solid advice, but stuff like this is a load of crap.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics