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Re: Do your family members listen to your financial advice?
Old 02-08-2007, 02:55 PM   #61
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Re: Do your family members listen to your financial advice?

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Originally Posted by teejayevans
So they desperately want something to be handed to them on a silver platter.
Don't we all, but in the real world, some of us realize you have to work toward
a dream, not just want it.
Funny though they don't see it that way. There attitude is that they could be spending more money, and they have accepted that fact that they will work till there 65. Unfortunately every time I mention that the money they both spend on cigarettes, repairing there son's and daughters cars. That combined with the fact that if they took some sort of risk and educated themselves to figuring out what there expenses were and got more involved in there finances they could have ER'd by now. But they don't see it that way; they look at me as being just plain lucky. It has nothing to do with the fact that we’ve lived below our means our whole lives and accepted risks with investments by purchasing mutual funds and self directed RRSP’s to name a few.
They’re nice people but could use some education re investments.

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Re: Do your family members listen to your financial advice?
Old 02-08-2007, 03:27 PM   #62
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Re: Do your family members listen to your financial advice?

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Originally Posted by HFWR
Well, the "slow and steady wins the race" mentality is not as glamorous as the "strike it rich" scenario...
Since you mentioned "glamorous" I thought I'd chime in

When relatives ask me about money it's always phrased something like... "how are you playing the market" I really don't feel like I've ever "played" it, although I'm sure I have a little.

People don't like my boring advice, they'd rather have someone like Jim Cramer get all excited about an individual investment.

I have encouraged my siblings with LBYM and its rubbed off a little.
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Re: Do your family members listen to your financial advice?
Old 02-08-2007, 06:34 PM   #63
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Re: Do your family members listen to your financial advice?

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Originally Posted by sailor
By any chance was your preaching in Salt Lake City?
Friends of mine went skiing (I think Alta) and mentioned meeting somebody ER there few weeks ago.

Hey Sailor,
I have skiied Alta, nice mountain...I like the skiiers only rule(no boarders). My preaching was in the Sierras near Lake Tahoe. Very nice couple and they seemed motivated/had good jobs. Hopefully they come to this site as I suggested.....

Donzo
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Re: Do your family members listen to your financial advice?
Old 02-08-2007, 11:22 PM   #64
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Re: Do your family members listen to your financial advice?

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Do your family members listen to your financial advice?
My Mom called me at w*rk today. She brought the mail in and there was a check from a life insurance policy that my Aunt had, for $10K. She was supposed to meet with the bank VP today (he's a real nice guy that has helped her over the years in making investment decisions....and some pretty good ones at that), anyway she called and cancelled her appintment. That's when she called and asked if I would find her something to do with money that would make her some money!

Do they listen? Umm, YEP!!! :
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