I killed my teenager’s fancy college dreams

Re:I killed my teenager’s fancy college dreams by m11a on Friday December 27, 2019 @07:55PM (#21896251)

I don't mean not putting in a 401k. The comment I was replying to was implying throwing $100k into a savings account is a good idea because you'll have a couple million when you're 63.

I do not advocate throwing $100k into savings for retirement at 18.

There's a difference between reasonable financial responsibility (401k, match pension contributions w/ employer, etc) and spending all your young years worrying about being prepared for retirement.

Enjoy the life you have. Be financially responsible, but don't over-do it, is what I'm trying to say.

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Re:I killed my teenager’s fancy college dreams by icedchai on Friday December 27, 2019 @10:09PM (#21896788)

Go to college. Get an engineering or other high paying job. Save and invest. You'll have a couple of million by early 40's, maybe late 30's if you're lucky.

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Re:I killed my teenager’s fancy college dreams by 3fe9a03ccd14ca5 on Friday December 27, 2019 @11:53PM (#21897179)

Engineering is one of the few fields where this is true. For the vast majority of college degrees this is not true.

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Re:I killed my teenager’s fancy college dreams by hellisothers on Saturday December 28, 2019 @12:26AM (#21897305)

Ah great, I agree, there is a balance to strike

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