He shouldn’t have done that without asking his son first. When you’re a teenager, you don’t really need to be investing your money. During that phase of life, you should be more focused on having the money that you need to accomplish more short-term goals. You might want to save up to buy yourself a …
Seguir leyendo 17-Year-Old Yells at Dad For Investing $5K of His Savings Without His Knowledge, Yielding Only $50 in Interest
Categoría:investment
19-year-old wins $4M in the lottery, parents pressure him to give them $2M even after he was planning to give them $750K: ‘They got mad and started calling me selfish.’
His parents are lucky he’s giving them a cent of his lottery winnings! If you get one piece of financial advice, let it be this: never tell anyone if you win the lottery. While your accountant and your wife of 40 years might be exceptions to that rule, it’s one that you must apply to …
Seguir leyendo 19-year-old wins $4M in the lottery, parents pressure him to give them $2M even after he was planning to give them $750K: ‘They got mad and started calling me selfish.’
24-year-old with $125k salary lives rent free with parents to save for investments, calls out older siblings when they accuse him of freeloading: ‘They lived with us until their early 30s’
Many parents will do everything they can to make sure their kids have the best start to adulthood. Depending on the resources they have available to them, this can involve any number of things. Sometimes this involves putting in a good word for them at a job, or helping them with a college application; maybe, …
Seguir leyendo 24-year-old with $125k salary lives rent free with parents to save for investments, calls out older siblings when they accuse him of freeloading: ‘They lived with us until their early 30s’
Uncle refuses to buy his 14-year-old nephew the $650 Lego Set he asked for after discovering he didn’t plan to build it: ‘He wants to keep the sets new-in-box as an investment.’
Why would he buy him a toy if he isn’t even going to play with it? There is a whole world of toy collectors, but very few toys could yield enough money to cover a down payment on a house.
19-year-old brother tells 22-year-old sister to invest in gold, sister demands he pay her back after she loses $1000: ‘She sold everything and locked in a $1,000 loss. After she sold, the price went back up.’
He didn’t tell her not to sell at a loss. One of the first things you learn about investing is that you shouldn’t sell your investments the second they drop a little bit. You’re supposed to hang onto them for long enough to be able to see them grow, and if you’re someone who is …
Seguir leyendo 19-year-old brother tells 22-year-old sister to invest in gold, sister demands he pay her back after she loses $1000: ‘She sold everything and locked in a $1,000 loss. After she sold, the price went back up.’
23-year-old musical theatre actor inherits $3M, plans to invest it and live off of it for the rest of his life: ‘I have no true career prospects.’
Some people are really dealt a lucky hand in life. Everyone has fantasized about what life would be like if they never had to work another day as long as they lived. It’s fun to imagine a day spent on personal projects and leisure, rather than one spent waking up early for work and grinding …
Seguir leyendo 23-year-old musical theatre actor inherits $3M, plans to invest it and live off of it for the rest of his life: ‘I have no true career prospects.’
18-year-old inherits $1 million from his grandfather, spends all the money traveling the world, and emerges with no prospects at 35 years old: ‘I want a life with a stable salary, a wife, and kids.’
He had a life-changing amount of money, and he squandered it in less than two decades. A great deal of society has contempt for poor people, but that contempt can come from very different places. If someone grew up poor and was able to work their way out of poverty, they might feel contempt for …
Seguir leyendo 18-year-old inherits $1 million from his grandfather, spends all the money traveling the world, and emerges with no prospects at 35 years old: ‘I want a life with a stable salary, a wife, and kids.’
Husband and wife ask husband’s parents to invest in their business, parents only agree to give the money to their son, wife cuts contact: ‘We had no idea what we were walking into’
Even if you have a great relationship with your in-laws, you should never willingly agree to a situation in which you owe them something. Owing anyone anything is a terrible situation to be in, so doing it with a family member historically known for making your life difficult is a foolish decision, and the story …
Seguir leyendo Husband and wife ask husband’s parents to invest in their business, parents only agree to give the money to their son, wife cuts contact: ‘We had no idea what we were walking into’
A Treasure Trove of the Richest Bitcoin Memes for Overconfident Crypto Investors
When Bitcoin was launched in 2009, the world wasn’t ready for it. We were too busy with low-rise jeans, the Kardashians, and Rihanna’s greatest hits to realize that the fakest fake money ever to cross our paths was secretly on the rise. Well, almost 15 years later, after the black market decided that crypto was …
Seguir leyendo A Treasure Trove of the Richest Bitcoin Memes for Overconfident Crypto Investors
An Entire Treasure Trove of the Richest Bitcoin Memes for Overconfident Crypto Investors
When Bitcoin was launched in 2009, the world wasn’t ready for it. We were too busy with low-rise jeans, the Kardashians, and Rihanna’s greatest hits to realize that the fakest fake money ever to cross our paths was secretly on the rise. Well, almost 15 years later, after the black market decided that crypto was …
Seguir leyendo An Entire Treasure Trove of the Richest Bitcoin Memes for Overconfident Crypto Investors