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Proud Parenting Moment
Old 02-21-2016, 12:04 PM   #1
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Proud Parenting Moment

DW and I usually use this term to mean just the opposite; a not-so-proud parenting moment. However, I was chatting with my youngest son who was home from college for the weekend. He is in his final year of school, and will graduate in May and already has a job lined up. He told me that he was reading a book that reminded him of me. I was thinking oh my gosh what could it be and fearing what he's about to tell me. Then he tells me the name of the book is The Millionaire Next Door.

Now I haven't actually read the book, but I'm aware of it from reading this forum. He pointed out a few specific behaviors that he read about in the book that he had seen in me: buying cheap sneakers, driving a 10-year-old car, living in a modest home, and so on. He knew all about LBYM, and quietly accumulating wealth over a long period.

Turns out that his roommate, a finance major, told him about the book. Since he's about to embark on his professional working life in just a few months, I thought this was a great time for him to read such a book. Really made me feel good that he's picked up on my example and wants to apply this in his life. It really was a proud parenting moment.

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Old 02-21-2016, 12:15 PM   #2
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Old 02-21-2016, 12:16 PM   #3
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Awesome. Many of us are envious.
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Old 02-21-2016, 01:23 PM   #4
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Originally Posted by travelover View Post
Awesome. Many of us are envious.
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." William Feather
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Old 02-21-2016, 01:24 PM   #5
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Originally Posted by travelover View Post
Awesome. Many of us are envious.
Retired June 2014. No longer an enginerd - now I'm just a nerd.
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Old 02-21-2016, 01:25 PM   #6
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Congratulations, txtig. All parents do the best we can imo, and if we're lucky our little birds do okay flying away from the nest, and if we're really really lucky we get a little validation about our efforts, as you just did.
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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Old 02-21-2016, 01:29 PM   #7
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It's a great feeling, isn't it?

My 24-year old DD surprised me a few months ago when she texted to ask my advice. "Mom, I get a raise this month. I currently contribute 5% to my 403b. Should I increase that to 7% or 10%?"

So maybe she did learn something from us.
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Old 02-21-2016, 02:07 PM   #8
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That's great. I can understand why you would feel so good.

Next he'll be asking, "So Dad, are you a millionaire?". Just kidding.
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Old 02-21-2016, 02:41 PM   #9
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Originally Posted by travelover View Post
Awesome. Many of us are envious.

It was nice that his roommate suggested the book, if I were to suggest the book to one of my kids, it would have went in one ear and out the other
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Old 02-22-2016, 07:22 AM   #10
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Thats a great read for someone just starting out, so congrats to you and your son. Now we just need the author to write an updated edition called, A Million $s Ain't What it Used to Be
Doing things today that others won't, to do things tomorrow that others can't. Of course I'm referring to workouts, not robbing banks.
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Old 02-22-2016, 09:28 AM   #11
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Unfortunately, Dr. Stanley passed away last year, but his daughter Sarah is continuing his work and research.

That is great that your son is exploring these topics at his age. And oh so correct that hearing about it from a peer is more valuable than from dear old mom and dad! I talk to a lot of 20 somethings, and it always surprises me that they more readily take my advice than that of their parents, who are <gulp> near my own age.

“One day your life will flash before your eyes. Make sure it's worth watching.”
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