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I spent the better part of my career as an Teacher. I've taught High School, College and for Industry. The difference in compensation between Industry and the Public Education System is simply staggering. Between College and Industry my compensation more than tripled. It wasn't because Industry was unduly generous. IMHO you're not going to get financially wealthy as a teacher in the Public Education System.
I’m sure there’s nuance as your post alluded to. The statistics don’t breakdown the degrees among teachers, their tenure, etc. A cop in Wisconsin and a cop in California make vastly different amounts of money, so I’m sure there’s a similar discrepancy amount those in education. While admittedly anecdotal, every tenured professor I know makes a healthy income.
Originally Posted by division
And now lets take a poll of all the teachers on Rennlist who agree with you.
It’s not about agreeing with me or not. This isn’t a matter of “my” opinion versus anybody else’s. I’m not the one running the focus groups, among the analysts and financial advisors who come up with the lists of career fields most likely to produce a millionaire, etc. (…and just about every list I’ve seen throughout the years, regardless of source, has teachers on there somewhere). The statistics over an average are what they are.
A million dollars isn’t much anymore. Probably gets you a base carrera in a couple of years.
My point exactly. It’s not that hard to be a millionaire by way of a combination of property assets, financial investments, pensions, 401k’s, 457b’s, financial savvy, etc.
It's truly sad how some people work all their lives doing a job serving the people who work in the schools for an example. Not just the teachers that are tenured that scam the system.( Not all teachers do but there is vast majority that do) But the Para's, teacher aids, office workers, lunch staff etc. They get paid almost/ below the poverty line. They can barley make it working. How is it fair that when they retire they need to get a part time job and restart at the bottom just to make ends meet? It's not right. These are people who serve our country and help the next gen, but what do they get in return? Nothing... It's wrong.
Originally Posted by M3Inline6
It depends on where a person teaches. Teachers, professors, etc. make great money on average. In fact, teachers fall into the top 5 professions with the most millionaires. The profession is almost always within the top 10.
The majority of teacher across the U.S do not make great money. But they weren't who I was referring to. I mentioned " Paras, ( The ones who only work with special ed kids on a 1:1) Teacher Aid's, Kitchen Staff, Janitorial, Office works and security"
These people work just as hard as teachers, and yet they get paid much less then teachers. These people need to work hard at their job every single day, because they're not tenured. Most of these people are being paid at or below the poverty line. It's disgusting. These are not Millionaires, These are people that will need to get another part time job after they retire just so they can survive. They're not "Living beyond their means" They're just barely making it. How is that fair? Together They're the backbone of the education system, pushing forward for the next gen. Yet they're forgotten about. It's not right.
My point exactly. It’s not that hard to be a millionaire by way of a combination of property assets, financial investments, pensions, 401k’s, 457b’s, financial savvy, etc.
The Majority of teachers that are working in the public education system don't have "property assets". They may have one property but they don't have multiple
I'll assume that the millionaire teacher idea was perpetuated by Dave Ramsey and his "think tank" Ramsey Solutions. It was a self-reported study of 10,000 people, which doesn't bode well for the quantifiable results, but whatever. He was asked whether those self-reported numbers were due to teachers marrying high earners and the question was dismissed. If there is a study other than that which shows this data, I'm all ears. It sure makes for a nice story, though.
The Majority of teachers that are working in the public education system don't have "property assets". They may have one property but they don't have multiple
You’re parsing. One property is still a property asset. Nonetheless, we can move on from it.
My profession is baiting people into stupid arguments on the Internet when they should be outside washing their car or driving it or going for a walk or ANYTHING THAT DOESN'T INVOLVE THE INTERNET OR A PHONE.
My profession is baiting people into stupid arguments on the Internet when they should be outside washing their car or driving it or going for a walk or ANYTHING THAT DOESN'T INVOLVE THE INTERNET OR A PHONE.