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re: Can you actually get more selfish than Beth Torina?

Posted on 5/22/23 at 10:30 am to
Posted by LSUJockStrap
Member since May 2019
2085 posts
Posted on 5/22/23 at 10:30 am to
quote:

What about Rachel Lawson at UK?


She is very content in horse country
Posted by KWL85
Member since Mar 2023
3771 posts
Posted on 5/22/23 at 10:44 am to
Y'all are tough crowd. We were one of the top teams this year. 44ish wins? Not looking anything up, so might be off. Seems like she has been here 10 years or so and made it to CWS 4 or 5 times. Didn't realize there was so much hate for her.
Posted by GeauxBall
Member since Apr 2019
609 posts
Posted on 5/22/23 at 10:47 am to
It's time for Nikki Fargas....I mean Torino to go!!
Posted by Menatiger
Mena, Arkanss
Member since Sep 2018
1238 posts
Posted on 5/22/23 at 10:48 am to
Some of you are clowns. Beth is a winning successful coach. She just isn’t a championship coach.
Posted by thunderbird1100
GSU Eagles fan
Member since Oct 2007
72304 posts
Posted on 5/22/23 at 11:12 am to
quote:

Almost 500k a year ain’t generational wealth



I'm not agreeing with OP here in every sense but this made me laugh so hard.

What exactly qualifies as generational wealth for you?

Torina has been paid between $410k-$440k the last 3 seasons now I believe. If she averaged $425k over the last 3 years that's $1,275,000 over 3 years (2021-2023), with her set to get another $435k-$445k over the next 3 years which is another maybe $1,320,000. So over 6 years you're talking her making about $2.6M or $432k per year. Someone making that kind of money is probably netting around $300k/yr and should EASILY be able to save/invest at bare minimum $75k of that, really $100k. If that person is not saving or investing almost any of that, that's on them.

If you dont think making well in excess of $400k/yr for a 6 year span (also making 6 figures for many years prior to that as well) isn't helping generate some generational wealth you must think she spends all her money or something because that ABSOLUTELY should be generating some generational wealth for her family.

Crazy what some people think of as generational wealth. If you come from a humble lower/middle class background then suddenly are making mid six figures for a number of years, that's absolutely some generational wealth for your family if you dont totally screw it up.
This post was edited on 5/22/23 at 11:20 am
Posted by LSUNV
In the woods or on the water
Member since Feb 2011
23113 posts
Posted on 5/22/23 at 11:12 am to
So what’s the point of playing a sport if you know you are not going to win any championships?

If you know she isn’t a championship type coach get one that is! Plain and simple
Posted by Supermoto Tiger
Baton Rouge
Member since Dec 2010
10748 posts
Posted on 5/22/23 at 11:26 am to
quote:

It's time for Nikki Fargas....I mean Torino to go!!

As soon as the Fargas departure was announced, more often than not, you would hear: “ Torina will be next if she doesn’t start winning games beyond the Regionals. She just can’t win the big games”
Posted by denvertiger
Golden
Member since Feb 2007
4551 posts
Posted on 5/22/23 at 11:39 am to
quote:

generational wealth


You keep using this term. I do not think it means what you think it means.
This post was edited on 5/22/23 at 11:45 am
Posted by tigercross
Member since Feb 2008
5067 posts
Posted on 5/22/23 at 11:41 am to
quote:

Eta: is leaving behind multiple millions of dollars not generational wealth?


No. Generational wealth means your children and their children will not need to work and won't have to touch the principal of what you leave to them. That isn't going to happen on a $500k salary.
Posted by King Joey
Just south of the DC/US border
Member since Mar 2004
12744 posts
Posted on 5/22/23 at 11:43 am to
quote:

she ain't living the rest of her life comfortably, much less setting up her kids, and her kid's kids for life... THAT is generational wealth, in case you didn't know...


That's not even close to correct.

Per Fortune.com:
quote:

Generational wealth is essentially any kind of asset that is passed down from one generation to the next. This might include cash, investment funds, stocks and bonds, real estate properties, or even businesses.


Per Investopedia:
quote:

Generational wealth refers to financial assets passed by one generation of a family to another. Those assets can include cash, stocks, bonds, and other investments, as well as real estate and family businesses.


The notion that "generational wealth" is solely the province of billionaires and lottery winners is poor financial awareness at its core. The vast majority of people in this country accumulate what could become generational wealth if they managed it properly and made prudent financial choices. The fact that they blow it all before they die because "you can't take it with you", or because they think they aren't rich enough to think about "generational wealth" does nothing to change the fact that generational wealth is -- in the vast majority of cases -- a choice, not a privilege.

Posted by King Joey
Just south of the DC/US border
Member since Mar 2004
12744 posts
Posted on 5/22/23 at 11:49 am to
quote:

Generational wealth means your children and their children will not need to work and won't have to touch the principal of what you leave to them.


Again, wildly inaccurate.

The entire point of generational wealth is starting small in one generation, so that each succeeding generation can build upon it and accumulate more generational wealth. Eventually, the wealth might reach the point you are describing (as it has for some notable families). But understanding generational wealth at the smaller scale is how it all begins. Thinking "generational wealth" doesn't apply to you because you don't have millions of dollars is how you keep your family from accumulating wealth.

Posted by kfaulk03
Baton Rouge
Member since Feb 2007
1494 posts
Posted on 5/22/23 at 11:54 am to
Why is a softball coach paid 500k is, I dare say, a reasonable question?
Posted by Central lorida Tiger
Golden Oak, Florida
Member since May 2023
71 posts
Posted on 5/22/23 at 11:57 am to
Totally agree. Good coach, not a championship caliber coach.
Posted by King Joey
Just south of the DC/US border
Member since Mar 2004
12744 posts
Posted on 5/22/23 at 11:59 am to
quote:

Why is a softball coach paid 500k is, I dare say, a reasonable question?

Since you asked me, I'll answer that I suppose it's because somebody believed she was worth $500,000 a year as a softball coach. Whether they were correct or not, I have no idea.

Posted by Murtown
OT Ballerville
Member since Sep 2014
1784 posts
Posted on 5/22/23 at 12:24 pm to
$500,000 a year is not generational wealth.
Posted by Penrod
Member since Jan 2011
55450 posts
Posted on 5/22/23 at 12:37 pm to
quote:

She’s what, 45? If she coached at LSU for 20 more years any financial advisor that isn’t a complete fricking moron will see to it she will make millions investing.


Dude, take the L on this. $500,000 salary gets taxed at about 35%, leaving $325,000. Remember, she has to live on that. If she is frugal she is saving $150,000 per year.

Even if she did that for 20 years, that is only $3 million. Sound investing would probably make that worth $5 million in today's dollars. Then she has to support herself for about 20 years after she retires. She would be lucky to pass on two or three million bucks.

Only a chump would call that generational wealth, which is so much wealth that it will support multiple generations.
Posted by Menatiger
Mena, Arkanss
Member since Sep 2018
1238 posts
Posted on 5/22/23 at 12:41 pm to
Screw them im spending my grandkids inheritance. They can work fo it.
Posted by Lester Earl
3rd Ward
Member since Nov 2003
290832 posts
Posted on 5/22/23 at 1:01 pm to
quote:

Generational wealth means your children and their children will not need to work



Yea, you definitely made that up.


Look, if she were a Dr making that, no one would have beef with someone saying she is set up for her family to be generationally wealthy. And im sure being a state employee has some perks as well.
Posted by tigercross
Member since Feb 2008
5067 posts
Posted on 5/22/23 at 1:28 pm to
quote:

Look, if she were a Dr making that, no one would have beef with someone saying she is set up for her family to be generationally wealthy.


I would have a beef with that. A doctor making that can have a nice house, probably a nice vacation house, and send their kids to college with no debt. But their kids and grandkids are still going to have to get jobs.
Posted by King Joey
Just south of the DC/US border
Member since Mar 2004
12744 posts
Posted on 5/22/23 at 1:47 pm to
quote:

But their kids and grandkids are still going to have to get jobs.

Yes, they may have to get jobs. But they would not be starting from scratch as they would have generational wealth passed down to them upon which to build and (hopefully) pass on even more generational wealth to their own kids and grandkids. That's how generational wealth works.

I don't know if there is a term for "you and your kids and your grandkids will never have to work again"; but if there is such a term, "generational wealth" ain't it.

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