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Why do you think your kids will have to toil more than you? Achieving financial independence is more about prioritizing your wants than having a huge income, an

by lutorm 7y ago

Why do you think your kids will have to toil more than you? Achieving financial independence is more about prioritizing your wants than having a huge income, and that's definitely something you can pass on to your children. I think it would be a lot healthier to grow up like that than as a child who could have whatever they wanted (monetarily.) Sending the signal to your children that things in life just come for free seems like a great way to ensure they aren't adapted to face adversity.

anon9001 7y ago
> Achieving financial independence is more about prioritizing your wants Except that's not true... Life in the US is expensive. If you stop earning money, you go homeless and hungry. I'd like to opt out of all of this and I'm in my 30s. Unless you're counting healthcare, food, and shelter as "wants", you need to work. I'm lucky enough to still have my parents, and their advice on this is that I can stop working when I have enough money to retire. Solid advice, makes good sense. But if I look at how much money that requires, I'll probably be done in my 40s. If I had kids, it'd probably be in my 50s. If one of the companies I've worked for has a big exit, maybe I'll be done with work by 40. I don't want to prescribe that to another human, especially one that's predisposed to having my views. > I think it would be a lot healthier to grow up like that than as a child who could have whatever they wanted (monetarily.) I'll admit I haven't given a lot of thought about parenting, because I don't think I'll ever get to do it, but I'm pretty sure that's not how the relationship would work. I'd probably let them follow the crowd and if they thrive and are happy, all is good. If I detect that they're about ready to off themselves rather than go to the office for one more day, maybe I'd open up the treasure chest and tell them to go live life as an artist. A poor parent can't offer that.
- ludwigvan 7y ago
  > Except that's not true... Life in the US is expensive. If you stop earning money, you go homeless and hungry. Have you ever considered moving abroad? Maybe you could give a try.

by lutorm 7y ago

anon9001 7y ago

> Achieving financial independence is more about prioritizing your wants Except that's not true... Life in the US is expensive. If you stop earning money, you go homeless and hungry. I'd like to opt out of all of this and I'm in my 30s. Unless you're counting healthcare, food, and shelter as "wants", you need to work. I'm lucky enough to still have my parents, and their advice on this is that I can stop working when I have enough money to retire. Solid advice, makes good sense. But if I look at how much money that requires, I'll probably be done in my 40s. If I had kids, it'd probably be in my 50s. If one of the companies I've worked for has a big exit, maybe I'll be done with work by 40. I don't want to prescribe that to another human, especially one that's predisposed to having my views. > I think it would be a lot healthier to grow up like that than as a child who could have whatever they wanted (monetarily.) I'll admit I haven't given a lot of thought about parenting, because I don't think I'll ever get to do it, but I'm pretty sure that's not how the relationship would work. I'd probably let them follow the crowd and if they thrive and are happy, all is good. If I detect that they're about ready to off themselves rather than go to the office for one more day, maybe I'd open up the treasure chest and tell them to go live life as an artist. A poor parent can't offer that.

ludwigvan 7y ago
> Except that's not true... Life in the US is expensive. If you stop earning money, you go homeless and hungry. Have you ever considered moving abroad? Maybe you could give a try.