Nugget of wisdom

Anonymous wrote:I would tell my adult kids to only charge amounts on credit cards that you can pay off within a month. Keeping your debt down to maybe a car payment and possibly a mortgage can make a big difference in the choices you have in life.

100%

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08/29/2022 18:19

Subject: Nugget of wisdom

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Anonymous

Looks fade, character shines.

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08/29/2022 18:22

Subject: Nugget of wisdom

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Anonymous

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Pick fields that you really want to work in, because there's nothing more miserable than doing something you hate. Even if it means a lower salary...

... because wealth doesn't need to come from salary, it can come from early investments. This happened to us, and it's the only reason we have the lifestyle we have.

Eh, pick fields you don’t mind that pay well. Lots of people chase after passions that don’t pay the bills. Not talking about dreams where you could make it. But working nonprofit forever or being a teacher forever, even if you love it, is going to be tough, especially if you don’t marry a high earner.

Uh….

I would support my kids in anything they do. But they should go into it with eyes open. If they want to live in NYC, not worry about money, then they should go into those fields with eyes open. If you don’t have family money or marry rich, you’ll do best living in an exurb or cheaper areas of the country. 50k may seem like a lot after college but if there is little increase in salary, it is hard to support a family or have luxuries on that income. That’s the truth; I’m not making judgments about it or saying it should be that way.

True but if kids are okay with their choices, parents too should be at peace with it.