cardude
Full time employment: Posting here.
- Joined
- Feb 21, 2006
- Messages
- 599
As for younger folks, taxes can only go up to support these debt loads. Wages aren't keeping up with inflation. All in all it means people will have less money to save for retirement at a time when they'll have to rely on themselves more than ever. Frankly, I think we'll see a redefining of the middle class over the next couple of generations. Today 05:16 PM
I've got two kids, boys 9 and 11, and I'm constantly trying to think about what type of job they should shoot for. I have told them that they need to think about not having to rely on a regular pay check from a regular job, because I felt (still feel) like payroll taxes will have to rise so much it will be hard for that guy. Also, I used to tell them that the best way to be FI was by being a business owner so you could possibly shield some income and control your own destiny and be your own boss, but over the years my business got more and more complicated as far as government regulations and demands (privacy act, truth in lending, finance department scrutiny, doc fee lawsuits, tax collection demands, environmental issues, etc.) and I think that may just get worse in the future as the government gets bigger and bigger. My wife tells them they need to be doctors, but I feel like their income will be regulated in the future due to some kind of nationalized health system. I think they should study law so they will actually know the laws and maybe can WRITE the laws, which could give them power but I'm not sure about the income.
So far one wants to be a surf bum and the 11 year old just wants to just sleep-- I keep telling him that's not actual job training . The surf bum idea is actually souding pretty appealing to me right about now..............
Any other ideas about the next generation of kids?