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05-13-2022, 08:12 PM
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#41
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Recycles dryer sheets
Join Date: Jul 2017
Location: Pittsburgh
Posts: 300
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Quote:
Originally Posted by Lewis Clark
If you get involved with organizations you could eventually become the Treasurer. Most folks do not have the interest or knowledge to do the job well.
I'm now Treasurer for two homeowner associations, and have developed extensive Excel workbooks to keep track of the financials. I have also started learning Excel VBA programming to automate some of the manual data entry I had been doing. I've wanted to learn VBA for several years and only recently have had the time to invest. The time spent learning VBA will pay for itself in time savings eventually.
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Excel VBA is a blast. Totally agree that time spent learning it will pay off.
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05-13-2022, 08:48 PM
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#42
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Full time employment: Posting here.
Join Date: Feb 2018
Posts: 557
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I am "paying it forward" by funding 529 accounts for grandkids so their parents don't have to.
I volunteered to lead a "Financial Peace University" class once. But I got such a backlash from those who could not separate the message from the messenger that I have not done it since.
I am thinking about contacting the local HS NROTC instructor to see if he would want me to help him/her set up a financial literacy course for the students. My particularangle is helping them identify ways they can be entrepreneurs.
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05-13-2022, 11:42 PM
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#43
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Dryer sheet aficionado
Join Date: Jan 2016
Location: Atlanta
Posts: 26
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A few years ago I researched AARP's program that did personal finance courses. They had a whole curriculum you had to follow, it wasn't freestyle. I just checked on it and it looks like it was put on hold for Covid, but they expect it to come back:
https://www.aarp.org/volunteer/cause...cial-security/
I have looked into this whole concept quite a bit. Retiring early at 57 in 18 days, so will have more time to dig deep!
I have done a ton of mentoring through my daughters and their friends, at their schools in high school(and was appalled at the lack of knowledge). I work in tech, so always informally mentoring younger people. I have looked into creating e-books or videos, the would probably be the way to make money doing it. I looked into switching careers many years ago to a Financial Planning, and quickly found that it was mostly selling products that weren't in the best interest of the client.
I like the one on one in person aspect of it though. Maybe from my consulting background, it just feels more rewarding. I have looked into doing it from a non-profit perspective, not making money, donations to the non-profit to keep it going, eventually expanding to bring in other teachers. Also at a for-profit way, but not making much. Perhaps a percentage of the amount I saved them by increasing income and reducing expenses(so if they were paycheck to paycheck when starting, and I got them to saving $1000/month, I would get 10% of the $1000/mo for a year, or something along those lines. I doubt I will make much, since this clientele doesn't have much. But I would be ok with that, as long as I was helping people. And could limit it to as little or much as I want.
Definitely would love to hear any other ideas!
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05-14-2022, 03:17 PM
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#44
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Recycles dryer sheets
Join Date: Jul 2021
Location: Clermont
Posts: 164
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Quote:
Originally Posted by DawgMan
I have been moving from semi-retirement to now basically fully retired over the last 2 1/2 years, which has been good for me. Having just turned 58, I feel like I am in a good place relative to being at peace with my former A driven/competitive work personality and also filling my hobbies and travel buckets, however, I continue to struggle with finding some ways/organizations/structures in which I can keep the mind stimulated, match my passions, and make a little difference in the world. Like many folks on this forum, I enjoy finance and the various strategies in the pursuit of FI. What I have learned over the years from talking with many of my peers is very few people are either interested in this stuff or have learned the basics and most just rely on what their "guy" tells them to do as it relates to retirement/FI. I actually dig this stuff and find it comes pretty easy to me... like many here on this board. In a perfect world, I would like to carve out some of my time to help young adults/families and recent college grads understand this stuff so they too can hopefully have opportunities FI affords, especially at a younger age. I have spent some time exploring ideas on line and at my church, but nothing yet has hit the strike zone.
For those of you that might have pursued something like this, what structures/organizations did you choose (i.e. blogs, podcasts, church, civic, other)? My only sensitivity is not over volunteering where it starts to feel like a full time job. Ideas? Experiences?
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There is a GIANT need out there for what you are offering. Problem is, those that need it the most do NOT know it. I grew up 'normal' which might be considered 'poor' today. Father gave me some basic lessons in personal finance and saving/investing. It became my hobby; decided that 'get rich slow' might work (it DID!) and 'get rich quick' would not. Today's "kids" want it all, and they want it now. Save for something? No way. Charge it. Build an investment portfolio that might be 7-figures in 25 years? No way - 'I could be dead by then'. Too many parents continue to subsidize bad behavior by their offspring. Maybe that is the problem. But finding a willing 'student' will be your biggest challenge. IF you find one or two, you could have a big impact on them. Good luck and thanks for your wanting to help out those who may need it.
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05-14-2022, 03:24 PM
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#45
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,340
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Quote:
Originally Posted by imnontrad
I volunteered to lead a "Financial Peace University" class once. But I got such a backlash from those who could not separate the message from the messenger that I have not done it since.
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Could you elaborate some on the backlash you received? Was it from those who just would not or could not imagine not having the immediate gratification that easy credit gives them?
__________________
When I was a kid I wanted to be older. This is not what I expected.
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05-14-2022, 03:53 PM
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#46
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Administrator
Join Date: Apr 2006
Posts: 23,036
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This article in today's New York Times says that young people are disinclined to save or invest due to the troubled nature of the world today.
https://www.yahoo.com/news/worlds-me...141832448.html
Quote:
In a tumultuous time, many adults under 35 have stopped playing it safe. Instead of banking as much of their pay as they used to, they’re saving less, spending more and pursuing passion projects or risky careers.
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The shaky state of the world was on her mind. “I’m not going to deprive myself some of the comforts of life now for a future that feels like it could be ripped away from me at any moment,” she said.
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The future has always been uncertain, and this sounds like rationalization to me, but what do I know?
__________________
Living an analog life in the Digital Age.
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05-14-2022, 04:37 PM
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#47
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,340
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Quote:
Originally Posted by Gumby
The future has always been uncertain, and this sounds like rationalization to me, but what do I know?
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It sounds like rationalization to me too. I am hard put to think of a time more uncertain than WWII when the outcome was far from certain, but people did make long-term plans even then.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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05-14-2022, 06:30 PM
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#48
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Recycles dryer sheets
Join Date: Jul 2021
Location: Clermont
Posts: 164
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Quote:
Originally Posted by Walt34
It sounds like rationalization to me too. I am hard put to think of a time more uncertain than WWII when the outcome was far from certain, but people did make long-term plans even then.
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There is always an excuse why people will not do the hard stuff. And then they complain because the outcomes are not palatable.
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05-14-2022, 07:57 PM
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#49
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2012
Posts: 6,176
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Quote:
Originally Posted by Walt34
It sounds like rationalization to me too. I am hard put to think of a time more uncertain than WWII when the outcome was far from certain, but people did make long-term plans even then.
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True, but IMHO there are so many situations blown out of proportion to "scare" people emotionally that I am not surprised and understand, in a way. In addition, little is done to showcase "hope" outside of the context of victimhood.
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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Teaching Young People About Finance - Junior Achievement
05-15-2022, 07:57 AM
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#50
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Confused about dryer sheets
Join Date: Oct 2015
Location: Greenville
Posts: 2
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Teaching Young People About Finance - Junior Achievement
Junior Achievement is a great organization that focuses on entrepreneurship and financial education of young people. They welcome volunteers for teaching. I taught a class to elementary school students about starting businesses. Give them a try.
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