targatom2019
Recycles dryer sheets
Thanks you everyone and I will reconsider some of the good advice given. I do not consider my self rich but very blessed and thanks God that I made some some good investing decisions the last 23 working years. I do not want my daughter to miss out on the power of compounding interest because it had worked for me the last 23 years. I just don't see a problem giving her $300 per month if and only if she maxes out her 401K so basically giving her $3,600 per year if she contribute $18,500 per year on her own.
yes, my daughter is a very responsible young adult,she actually saved $6,000 during her 4 years of college working at a coffee shop on campus. Everything in West LA where she works is very expensive. A cheap gym she could find was $120 per month.
What I heard 23 years ago that still stuck my head until to day and I am trying to pass down this thinking to my daughter " stay out of debt, don't work hard for your money but let your money work hard for you"
yes, my daughter is a very responsible young adult,she actually saved $6,000 during her 4 years of college working at a coffee shop on campus. Everything in West LA where she works is very expensive. A cheap gym she could find was $120 per month.
What I heard 23 years ago that still stuck my head until to day and I am trying to pass down this thinking to my daughter " stay out of debt, don't work hard for your money but let your money work hard for you"
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