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07-29-2011, 10:00 AM
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#101
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by kombat
I've pondered a related idea before (possibly on this forum, I don't remember). I wonder if the disappearance of defined benefit pensions will accelerate the wedge between the "haves" and the "have-nots."
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Not sure it accelerates the wedge -- but it may redefine what it means to be a "have".
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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07-29-2011, 10:40 AM
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#102
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Full time employment: Posting here.
Join Date: Jul 2005
Posts: 588
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Quote:
Originally Posted by donheff
We don't owe them an inheritance and we would not cut back to the bone to take care of them. That said, we hope to leave them a sizable estate. If I can speed up their FI I will gladly do it. Both kids are hard working, responsible and frugal.
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+1 (younger one hasn't reached LYBM age but we're workin on it)
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07-29-2011, 10:46 AM
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#103
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Posts: 1,719
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Quote:
Originally Posted by arebelspy
Too many people use this as an excuse to not give. Wouldn't 50 cents on the dollar be better for those kids than none?
By all means, research into a charity where your money makes the most impact, but don't NOT help out because some might be wasted (likely WHEREVER your money goes, some will be wasted).
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Perhaps they do. I just can't stand getting ripped off in any context involving my hard-earned money. Unfortunately, the wasting of my tax dollars is out of my control.
__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
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07-29-2011, 03:52 PM
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#104
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Thinks s/he gets paid by the post
Join Date: Jan 2007
Location: Thousand Oaks
Posts: 1,111
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Quote:
Originally Posted by arebelspy
Too many people use this as an excuse to not give. Wouldn't 50 cents on the dollar be better for those kids than none?
By all means, research into a charity where your money makes the most impact, but don't NOT help out because some might be wasted (likely WHEREVER your money goes, some will be wasted).
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personally, i think the concept of micro loans instead of the standard relief organizations is a better way of "donating" money. i bring it up because i think it's a valid option to consider if you want to help out the thirld world in some way. I think it's an underutilized option.
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07-29-2011, 05:33 PM
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#105
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,317
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Quote:
Originally Posted by mh
personally, i think the concept of micro loans instead of the standard relief organizations is a better way of "donating" money. i bring it up because i think it's a valid option to consider if you want to help out the thirld world in some way. I think it's an underutilized option.
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I do micro loans thru kiva.org. i like knowing where my money is going.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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07-31-2011, 12:08 AM
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#106
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Location: yonder
Posts: 2,851
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Quote:
Originally Posted by arebelspy
Well said. Just about everyone would say the same thing as mbooth. It wasn't me, I worked hard, etc. etc.
It was everyone. It was you. It was me. We are all to blame.
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OK, "We are all to blame." I just don't understand what this means. If YOU are to blame, and if you feel bad about doing whatever you are doing, could you just stop doing it? Or, conversely, could you start doing something differently that might be helpful? And, whatever action you stop (or take), how much of a difference is it going to make?
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07-31-2011, 12:25 AM
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#107
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Full time employment: Posting here.
Join Date: Apr 2011
Posts: 625
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Quote:
Originally Posted by redduck
OK, "We are all to blame." I just don't understand what this means. If YOU are to blame, and if you feel bad about doing whatever you are doing, could you just stop doing it? Or, conversely, could you start doing something differently that might be helpful? And, whatever action you stop (or take), how much of a difference is it going to make?
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It means I understand that my actions make a difference. It's my job to go out and vote. To advocate for what I believe. To practice civil disobedience. To serve on juries. And anything else I can to do all I can to improve my situation and society's as a whole.
Knowing I am to blame for all of this means I know that I need to be going and doing what I can to make a difference, because I do make a difference.
Things don't just "happen."
Your final sentence indicates you don't understand this, or don't agree. Most people would side with you. And most would say it's not their fault. And here we are.
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07-31-2011, 12:22 PM
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#108
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Location: yonder
Posts: 2,851
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Back on topic (at least for the moment)...
While I don't feel that I owe my children any sort of nest egg I do hope/plan on leaving them as much money as I can. Money, hopefully, can make their lives a bit easier, give them more options, and just relieve some of the stress that life brings. I'd like to think that they will be able to have more financial freedom in their lives than my wife and I have had (and, it hasn't been all that bad). I would hope that leaving the kids some sort of meaningful financial inheritance would enable them to make less financial compromises.
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07-31-2011, 07:15 PM
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#109
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Posts: 1,719
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Quote:
Originally Posted by redduck
Back on topic (at least for the moment)...
While I don't feel that I owe my children any sort of nest egg I do hope/plan on leaving them as much money as I can. Money, hopefully, can make their lives a bit easier, give them more options, and just relieve some of the stress that life brings. I'd like to think that they will be able to have more financial freedom in their lives than my wife and I have had (and, it hasn't been all that bad). I would hope that leaving the kids some sort of meaningful financial inheritance would enable them to make less financial compromises.
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I'm all for giving my child(ren) financial freedom. They might as well get to enjoy an even earlier retirement than me, or go into a field that doesn't pay much because they actually love what they do (e.g., archaeology, anthropologist, etc....)
Like everyone else here, I just want to make sure they don't squander whatever I leave them. This is where good estate planning comes into play.
__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
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