• 0 Posts
  • 12 Comments
Joined 7 months ago
cake
Cake day: June 10th, 2024

help-circle

  • I make great money, around 90k, probably 95 next year. I put over 500$/month to my RRSP.

    I wasted a ton of money on the way here. A utilitarian solution would have been, don’t waste that money.

    It’s not about entitlement, it’s about being smart. My kids, nieces and nephews will have savings from an early age and will not waste money paying interest if I play my cards right. I think it’s my responsibility to make sure the resources we have are utilised in the best way, being I want all of us to be happy and successful.

    Parents say they want their children to be successful, it’s a clown choice to do nothing to support that when there’s the option to do something.


  • You can’t blame our parents on what million dollars corporations are making.

    I forgot they have no choice about what products they buy or who they voted for for the last decades.

    keep living off

    If you could read, I never have. If I was able to take advantage of things they had and did not utilise, like spare rooms, I would have a higher level of income and savings right now.

    I did not have a choice to do better things, they had the choice to provide or deny these things.

    when you were a kid,

    They did the minimum needed to stay out of jail. Neglecting children you choose to keep is a crime.


  • where do you think all that money is going to be

    On the books of corporations, who will continue to fight tooth and nail to frustrate worker attempts to “earn their fair share”

    Good job lucking into a low cost of living area. Check how much margin you could have moving to a higher col area to get a higher paying job. You might be able to contribute less to savings! Very lateral.

    I worked and rented from the time I was 18, and took on debt to be able to eat. This is instead of living with my parents who were and continue to be over housed, or attending college to get a higher paying job sooner.

    I will not be surprised if they cash out, hand the asset to a corp, and go ahead and burn the money on luxuries they don’t really care about.

    Corps design their services to exploit their customers. Banking, transportation, housing, all of them. If you are old enough to retire and you are still dancing to that same marketing jingle y’all got some problems.



  • Do you NEED your parents money to get by?

    For most people the answer is… Yes, to live the the same standard. This generation barely affording one car while the previous generation had multiple…

    I don’t know what you think 50$ a month compounds to, but I’ve done the math and I’ll need to put away 7-800 per month to save enough to cover rent/food for a reasonable amount of time 40 years from now.

    Sounds pretty selfish to have your kids in debt instead of using the wealth you’ve accrued to avoid your family paying interest to the bank. Pretty dumb way to hamstring your family’s ability to accrue generational wealth. Like damn I guess you actively dislike your kids and grandkids.