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One smart waiter

August 7th, 2007 at 02:10 pm

Many of you know, I was a waitress for years. That was when I learned how to invest my money. I was only making $2.01 an hour.
Guess what, they still only make $2.15 an hour.
I talked to the young man that was our waiter last night. I gave him my usual little talk. "Did you know if you saved $2 a day and put it in a good mutual fund, you could be a millionaire when you are my age?""
Turns out he is already investing. He is 17 and has a roth IRA and has bought stock in apple.
His father is a local doctor. (Heck, he was one of the first people we met when we moved here 23 years ago. He had just gotten married)
His father is matching everything that our young waiter is putting in his roth. I predict a very good future for our young waiter. He wants to become a doctor too.

Posted in Uncategorized | 3 Comments »

3 Responses to “One smart waiter”

  1. scfr Says:
    August 7th, 2007 at 02:51 pm 1186498278
    1186498278

    Sounds like a smart young man with a smart father --- The fact that he is working at 17 also bodes well for his future.

  2. Aleta Says:
    August 7th, 2007 at 03:23 pm 1186500193
    1186500193

    It is so great how you take the time to share your knowledge with others.

  3. LuckyRobin Says:
    August 7th, 2007 at 08:22 pm 1186518170
    1186518170

    It should be illegal to pay waitstaff $2.01 an hour, in my opinion. Here they get minimum wage plus tips and that is how it should be. It is a thankless job that requires good memory skills and a lot of coordination between tables. Too many states still take this job for granted.

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