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01-09-2016, 10:18 AM
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#21
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Full time employment: Posting here.
Join Date: Aug 2014
Posts: 584
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Oldest is in college on full ride. With summer earnings he didn't need anything from us. Now I'm wondering when does the government finally consider him independent for tax and insurance purposes?
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01-09-2016, 10:40 AM
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#22
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Quote:
Originally Posted by frayne
Once they're 40, they are on their own.
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Aww, you are too mean. Should have waited until they qualify for early SS.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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01-09-2016, 11:14 AM
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#23
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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I was pretty hard in the kids, expecting them to work from age 16 while maintaining good marks at school. It seemed to work. Their grandpa allocated $5k towards their first car when they graduated. The first put it towards a lease of a red used 240SX sports car. The second asked for my Mazda RX7 (which I was only using in the summer). He also worked at a restaurant chain 3 nights a week and made big tips during the last 2 years at the uni. Then he got a transfer and continued the work for 2 more years while holding a day job. He paid off a new car and a down payment on a house.
They also get $3500 each a year for birthdays and Christmas.
Now that the grandkids are reaching university age, I am giving them $10000 each per year for four years. After that, who knows? I hope it will achieve launch for each of them.
__________________
For the fun of it...Keith
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01-09-2016, 12:16 PM
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#24
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Full time employment: Posting here.
Join Date: Aug 2015
Posts: 550
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Our only child (DS) is 35 started part time work at 16 to have pocket money, gas and car maintenance. We paid for his college and I helped him with summers internship. He started full time engineering job right after college at 23 and moved out same time. We help him and his wife with raising our only grandson: driving to pre school and staying with him while he is sick.
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01-09-2016, 12:24 PM
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#25
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Thinks s/he gets paid by the post
Join Date: Mar 2014
Location: Southern Cal
Posts: 4,032
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The 25 is self supporting. She owns her own business. She has not been living at home since starting college. The second kid is majoring in Computer Science/engineering, she just turned down a summer job that pays about $90k a year. I'm hoping when she graduates she will at least get a job and be self sustaining.
Sent from my iPad using Early Retirement Forum
__________________
Just another day in paradise
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01-09-2016, 12:36 PM
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#26
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,893
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My son and only child was fortunate enough to attend a private boarding school and graduate college with a business marketing degree. Since he was about 14 years old I insisted that he work during his summers. During his college days I got him a job in a factory where they worked his butt off and he realized how important it was to get an education. During his summers he did everything from working for a moving company, dishwasher, lifeguard, piano player for a church, and working in a car wash. Today he is thirty six years year old, married, two children and has started and sustained two different companies and employs at least six individuals. A little shameless plug for his companies:
Liberty Brick LLC - Chattanooga, TN - Building Supplies
Brickhunter US is the online source for all your brick, stone and paver needs
It is my hope he does well enough not only to take care of his family and gets his kids an education but also successful enough to take care of my butt in old age.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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