Comments on: What I would teach children about savings http://earlyretirementextreme.com/2008/01/what-i-would-teach-a-child-about-savings.html Financial independence, frugality, self-sufficiency, ecology, capitalism, and voluntary simplicity Fri, 21 Nov 2008 18:45:48 +0000 http://wordpress.org/?v=2.6.3 By: firefighter http://earlyretirementextreme.com/2008/01/what-i-would-teach-a-child-about-savings.html#comment-1661 firefighter Mon, 28 Jul 2008 01:44:12 +0000 http://earlyretirementextreme.com/2008/01/what-i-would-teach-a-child-about-savings.html#comment-1661 I couldn't agree more with mysti-'s comments. I just came upon your blog and I am very impressed. I arguably don't even need to save 50% of my income since I have a pension that kicks in 9 years (I'll be 40 then- pretty early, but not extremely early retirement), but I have been doing so my entire working career because I was TAUGHT the importance of a high rate of savings by my father and my grandfather. My wife and I plan to teach our son the same thing. He's only 8 months old, but I'm already wondering if there'll be anyone left in his generation who really gets the saving and living-well-within your means idea by then... Maybe they can incorporate part of your blog into a superhero cartoon series for kids on DVD... I'd BUY it. Thanks for what you do. I couldn’t agree more with mysti-’s
comments. I just came upon your blog
and I am very impressed.

I arguably don’t even need to save
50% of my income since I have a pension
that kicks in 9 years (I’ll be 40 then-
pretty early, but not extremely early
retirement), but I have been doing so my entire working career because I was TAUGHT the importance of a high rate of savings by my father and my grandfather. My wife and I
plan to teach our son the same thing.

He’s only 8 months old, but I’m already wondering if there’ll be anyone left in his generation who really gets the saving and living-well-within your means idea by then…

Maybe they can incorporate part of your
blog into a superhero cartoon series for
kids on DVD… I’d BUY it.

Thanks for what you do.

]]> By: mysticaltyger http://earlyretirementextreme.com/2008/01/what-i-would-teach-a-child-about-savings.html#comment-777 mysticaltyger Sat, 15 Mar 2008 20:34:18 +0000 http://earlyretirementextreme.com/2008/01/what-i-would-teach-a-child-about-savings.html#comment-777 I wish you and your wife would have some kids as I bet they would turn out a lot wiser than most. I wish you and your wife would have some kids as I bet they would turn out a lot wiser than most.

]]> By: fathersez http://earlyretirementextreme.com/2008/01/what-i-would-teach-a-child-about-savings.html#comment-115 fathersez Wed, 09 Jan 2008 03:36:24 +0000 http://earlyretirementextreme.com/2008/01/what-i-would-teach-a-child-about-savings.html#comment-115 You are on the right ticket. Thinking about this even before you have children. I am sure your plans may be tweaked here and there, but the principle is very sound. Good for you. Your kids may be bellyaching like mad in the beginning, but they will be forever grateful in the end. You are on the right ticket.

Thinking about this even before you have children.

I am sure your plans may be tweaked here and there, but the principle is very sound.

Good for you. Your kids may be bellyaching like mad in the beginning, but they will be forever grateful in the end.

]]> By: Eden http://earlyretirementextreme.com/2008/01/what-i-would-teach-a-child-about-savings.html#comment-114 Eden Tue, 08 Jan 2008 18:45:59 +0000 http://earlyretirementextreme.com/2008/01/what-i-would-teach-a-child-about-savings.html#comment-114 Wow! That is extreme, but I guess it makes sense. And why not save 50% starting at that age- it's not like a kid is going to miss spending $4 or something. Good idea! Wow! That is extreme, but I guess it makes sense. And why not save 50% starting at that age- it’s not like a kid is going to miss spending $4 or something.

Good idea!

]]> By: moneymonk http://earlyretirementextreme.com/2008/01/what-i-would-teach-a-child-about-savings.html#comment-113 moneymonk Tue, 08 Jan 2008 18:40:39 +0000 http://earlyretirementextreme.com/2008/01/what-i-would-teach-a-child-about-savings.html#comment-113 You left out one important factor. DON"T TOUCH THE MONEY !!! Most people intend to do all of that, however thanks to immediate gratification and other wants and emergency. It never goes that smooth. People lose jobs, have children, get sick and get unexpected bills. Net worth always fluctuates thanks to little emergencies Good post, but it hard to do for most You left out one important factor. DON”T TOUCH THE MONEY !!!

Most people intend to do all of that, however thanks to immediate gratification and other wants and emergency. It never goes that smooth.

People lose jobs, have children, get sick and get unexpected bills. Net worth always fluctuates thanks to little emergencies

Good post, but it hard to do for most

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