Quote:
Originally Posted by Gwaihir
[You must be logged in to view images. Log in or Register.]
Despite his tendency for heavy-handedness in response to criticism, I still think Patrium has a wealth of information and/or guidance for our mostly "lost" generation. At the very least, you have to admit American boomers did a horribly shoddy job at both managing their own financial situation, and bestowing their children with that knowledge.
Like, none of my elders ever told me that you can give your child a great headstart in adulting by signing them on as "authorized users" on your well-managed credit card accounts from the day they are first issued a social security card.
None of my elders ever even told me about the existence of an IRA/Roth IRA, let alone how to utilize both simultaneously to control your tax liability both short-term and long-term. None of them ever told me about how one would go about securing a home mortgage. None of them ever told me about the importance of getting used to allocating a fixed percentage of my income toward retirement/investment accounts.
Hell, even TO THIS DAY, they won't offer investment advice or basic education on how to invest prudently. Take for example, my wife's very successful great-uncle. When his soon-to-be-father grand-nephew asked him if he could give him some pointers on how to start investing (my brother-in-law) his only response was "I don't feel comfortable giving investment advice".
|
Patriam won't say any of those things to me bro lol. Like I said and is the point, I had a good relationship with him when I was not a minority. Since then I was un-personed.