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Adult Children
Reply to "What did your average to below average child end up doing career-wise that they are happy and successful in?"
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[quote=Anonymous][quote=Anonymous]I'll throw it out there that having solid personal finance skills can be a significant determinative factor in being successful insofar as being defined by being able to support yourself. Plenty of people that make a lot of money that live paycheck to paycheck because they're really stupid about how they spend their money. Go to money and finance board for weekly examples of this.[/quote] It's your job as a parent to teach your kid finances and that they should live within their means. And that "living within your means" should include saving for retirement as well as some "general savings" as well. So even if you make $50K/year, you should be putting 10-15% into savings if possible. But I agree, most in this country do not understand "wants" vs "needs" and that savings should come before many "wants" or at least side by side [/quote]
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