We got a phone call from SIL that made my day. She and BIL were just back from Norfolk, VA where a "niece" (no relation but we think of her that way) is active duty Navy. She got a very rough start in life that no child should have to endure and has done very well at creating her own breaks and making her way in the world, including paying her own way through community college. She is now happily married to a disabled Army vet.
Several years ago she had asked me about financial stuff because she had just started her first job that was beyond the pizza parlor range and she had no idea what to do about saving for the 401k, retirement savings, and such. So I sent her about eight or ten books on finance, saving, investing and the mental issues of managing money, and wrote her a letter to go with them. I posted the letter here.
Anyway, SIL called to let me know that Sarah said "those books were slow reading but I got through them. It all makes sense." She said that I'd be happy to know that she (age 27, maybe 28) is now putting away $600/month for retirement.
There is hope for at least some of the millennials.
Several years ago she had asked me about financial stuff because she had just started her first job that was beyond the pizza parlor range and she had no idea what to do about saving for the 401k, retirement savings, and such. So I sent her about eight or ten books on finance, saving, investing and the mental issues of managing money, and wrote her a letter to go with them. I posted the letter here.
Anyway, SIL called to let me know that Sarah said "those books were slow reading but I got through them. It all makes sense." She said that I'd be happy to know that she (age 27, maybe 28) is now putting away $600/month for retirement.
There is hope for at least some of the millennials.