What's the worst Boomer advice you've gotten?

/thread

>well back in the 80s, mortgage rates were 15%! Never mind houses were cheap and we could refinance later! Wew!

>comparing the economy from back then to todays

I'd call you a nigger but even for you that would be too humanizing

Some dumbass boomer unironically said the words “compound interest” to me the other day

Sometimes people lie to make you feel better or keep your motivation up

Let's not forget Boomer niggers were literally using their summer job money to drop down payments for that house but they'll always try to make it sound like they paid off the house completely to own during signing

to buy government bonds

lol, okay, let me loan the government money for an infinitesimal interest rate.

My father isn't the average boomer, but from other other boomers I've gotten this advice:
>"Invest in a blue chip stock"
>Buy 3m stock days before it crashes
>instantly lose a thousand dollars
And of course, the advice from boomer wimin:
>"Just follow your passion!"
If I followed my passion, I would be broke, and possibly dead depending on which passion they man.

Literally true

You can refinance to get a lower interest rate

You can never get out of your down payment needing to be $50k for a 1000 sq ft house in suburban midwestern nowhere. Wish I could deliver pizzas to pay for college and a house.
>inb4 first time home buyer program + mortgage insurance
GREAT MORE USURY, HOUSES ARE ALREADY COLLATERAL HOW THE FUCK DOES BEING POOR MAKE IT DIFFERENT?

>put 3% down on a house

Holy PMI, all those extra costs between taxes and the mortgage insurance would have been more than the cost of renting

Boomers are way too obsessed with real estate investing

Redditors say that

Give em a firm handshake

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Here's my story of following Boomer advice

>boomer dad convinces me to learn a trade
>go to HVAC school and be told they would practically hand me a job after graduating
>graduate with all certs
>get no job offers for nearly 2 months even though i applied everywhere
>eventually get one and Boomer owner gives me the "pay your dues" rundown
>tells me straight out i will be yelled at and will have to buy all my tools and safety equipmemt while making slightly less of a Bezos wagie
>nope.exe
>get an IT job making more money than what I was offered in HVAC

Here's another one

>be 2011
>dad found a place for me to work
>we drive literally an hour to some ghetto burger joint next to a fucking bridge
>boomer dad tells me this is a great opportunity and i have to start somewhere

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NOOOOOOO!!! YOU CAN'T JUST RETIRE IN YOUR 30'S!!!! WHY ARE YOU SAVING MONEY AND INVESTING IN YOUR 20'S?!?!?!?! YOU'RE SUPPOSED TO SPEND EVERYTHING NOW ON PUSSY AND ALCOHOL AND BOATS AND THEN JUST WORK FOREVER NOOOOOOO!!!

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Redditors are losers because they're 40 years old and still listening to their shitty boomer parents while giving their zoomer kids (implying sois have kids) the same shitty advice.

I fucking hate when they try to use the high interest rates as an argument.

getting mad at basic advice, peak soiyjack

"always be the first to showup to work and the last one to leave"

news flash nobody gives a fuck but you

Zoomers are surprisingly more intelligent in my experience. As a Millenial I can admit that our generation is the most blind.

Same

>he bought into the "zoomers go to trade school" meme when college attendance rates are higher than ever

You are blind but not in the way you think.

I"m making fun of the Boomers, idiot. They freak out at the idea of actually saving money in your 20's.

Yeah that’s pretty horrible advice and I’m glad I never took it but I definitely heard it and no, employers don’t care.
All it really shows is that you didn’t plan far enough ahead and you’re desperate for a job and you’ve also been conditioned to just do meaningless work for 4 years because you were pressured into it.
Houses were like 5 years worth of wages and the Chinese economy wasn’t developed enough for them to be dumping money into residential real estate like they have been for the last 15 years

yeah I think "put all that cold hard cash into the bank" is the worst. I didn't fall for any of their college memes though.

I never said going to trade school was a smart idea. On the contrary it's mostly for fuck ups. College is actually a great step to building a career IF you know what you're going in for and not wasting time and money on meme classes. Fuck trade school

One of my teachers in high school went through Villanova and law school working part time at a bakery.

going to med school...
I'm miserable

>plan far enough ahead
>17 year old needs to play the game 15 years in the future instead of 5 years in order to have a shot of not working mcjobs until he gets enough experience his resumes stop getting trashman'd

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I'm kissing the average boomer's ass at 30.

It’s not even a boomer issue it’s just a low financial IQ issue. Most people don’t know shit about fuck when it comes to employment trends, housing market, equities market, or anything else financially related.
Like GI Joe says, knowing is half the battle