Reply to Do you tell your kids exactly how much you make?

Forum Index » Money and Finances

Reply to "Do you tell your kids exactly how much you make?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]For us the focus with high schoolers hasn’t been so much the exact HHI (though we’d share if asked – they just haven’t), but over time it’s been talking about how much the life they are accustomed to/want post-college costs and how much various jobs pay ballpark range. They understand that right now the luxury one bedroom apartments in the city are going for 2400+; a new sedan will be 20k+; they realize that between taxes + 401ks and insurance, you basically bring home ½ of whatever a stated salary is.  It has caused both of them to narrow down to career fields like med, law, finance, engineering where they’ll be able to maintain the life they want.

I know this wouldn’t work in all families – and I know many of my friends look down on it bc they have views re pursuing one’s passion; if you love what you do the money will come etc. etc. But reality is it works for our kids bc I know they would not be happy at a non profit or wherever even if it was an area that they were passionate about if it meant a dumpy apartment or no vacations or not being able to drop $500 shopping etc. Both of them are the kind of kids who need to chase the money – at least until they are financially established – in fields they like/that make them happy enough, even if they aren’t jobs they absolutely LOVE.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics