All tagged education

Why Young Teachers Need to Invest Outside of Their Pension

Teachers are one of the single largest class of workers with a bachelor’s degree or higher, yet existing systems shortchange teachers when it comes to retirement planning and security.

According to a survey by EdWeek.org, more teachers are thinking about leaving now than before the pandemic. Younger teachers are more likely to leave the profession which means many of these teachers will not qualify for a pension. If they have only been relying on the prospect of a pension and not investing in alternative retirement plans, they’ll have some catching up to do.

In this post, we will look at why a teacher’s pension may not be enough and what investment accounts teachers can self-fund to ensure they have enough in retirement.

Post Roundup: Money Advice for Teachers and Educators

Today’s post is a little different. It’s a roundup post of money advice for teachers and educators. For majority of my posts here, I’ve written from the perspective of someone who was in the corporate world. By nature, being in the corporate world has it’s own unique system, terminology, career ladder, retirement, etc. After reading the TIME piece “13 Stories of Life on a Teacher's Salary” late last year, I was aghast at how little we pay and pay attention to the people that are shaping our children’s future.

To that effect, I think it’s equally important that teachers also take it upon themselves to do what they can to get themselves financial independent.

How to Unlearn Everything

Most people are living in an illusion based on someone else’s beliefs.”

I was a great student in high school and mostly in college. I did what I was supposed to do. I memorized facts. I handed in work on time. Today though, I wish I wasn't a good student. What I am realizing today in my 30s is that being a good student was actually a detriment. I was so caught up in having the right answer that I barely made mistakes. I didn't fail enough to want to keep trying again. I didn't fail enough to be more resilient. I took things just as they were without questioning why. Today, I am unlearning everything.

Like Jon Snow, I Know Nothing: Why Learning is a Lifelong Journey

"Ah, but a man's reach should exceed his grasp, Or what's a heaven for?"

This past week I went to Washington D.C. to attend a real estate software conference. This was my 3rd time going and every time I leave I think my head is going to explode with all the knowledge I’ve just added. This smack in the head is my annual reminder that like Jon Snow, I know nothing. Well, not completely nothing, but probably 1% of what this software is capable of. It’s eye-opening and very humbling.