Financial Independence Daily FI discussion thread - Saturday, January 09, 2021 |
- Daily FI discussion thread - Saturday, January 09, 2021
- FI people with adult children - how are they doing financially?
- Non fire people tend to get upset and defensive at our financial perspectives.
| Daily FI discussion thread - Saturday, January 09, 2021 Posted: 09 Jan 2021 02:00 AM PST Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| FI people with adult children - how are they doing financially? Posted: 09 Jan 2021 11:31 AM PST I am trying to teach my 13yo about how money works and the importance of saving and investing. She gets money from a few sources, including a weekly allowance, gifts from relatives, and a small amount from working in my business. I require her to save 30% of everything she receives, which goes into her savings account. I show her how the account is growing, and I told her that once it gets to $3,000, she can invest it in the stock market (mutual fund). Still, I'm not sure that this is making any sense to her. Does anyone have any success or failure stories when it came to teaching your now-grown children about money? [link] [comments]  |
| Non fire people tend to get upset and defensive at our financial perspectives. Posted: 08 Jan 2021 04:21 PM PST To start, I really don't talk finances with people. Once in a while I do add my thoughts on a convo. The idea that you can live comfortably without over consuming, by saving/investing, by creating additional income and deferring some gratification has put people in to a state of shock. Does anyone else run in to this? Edit: Looks like it's worth clarifying, these interactions stem from friends/family divulging their financial hardships, not proactively offering advice or telling them how they should spend their $. [link] [comments]  |
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