Buying lots of stocks, owning my home, maxing out my Roth 401k and Roth IRA as opposed to funding more short term priorities, with the idea that my retirement account isn't just funding my retirement, but possibly buying my kids houses as well. Would like to start a lifestyle business when the kids are older. Looking after my health so that I have more time out of the hospital. When my kids are old enough I'll teach them the absolute necessity of making money and every way I can think of to do that, that whatever they do when they grow up they have to be willing and able to do the version of it that makes money. If they love dance, they better be prepared to be dance instructors and open a studio or savagely commit to going pro, or be prepared to do something else to pay the bills and keep it as a hobby.
We've been financially fortunate enough to be in the top 25% of US households, and even I'm living the reality where I can't afford what my dad could afford working effectively the same job at the same age. Looking out at the world I see little reason why that trend should reverse, it'll have to get a lot worse first.
If I'm right I have a good shot to keep my family on the better side of this shitty transition, and if I'm wrong then my kids will have even more freedom than average, at the cost of a slightly more humble present. Probably won't step on a plane much over the next 2-3 decades, and that's fine.
Buying lots of stocks, owning my home, maxing out my Roth 401k and Roth IRA as opposed to funding more short term priorities, with the idea that my retirement account isn't just funding my retirement, but possibly buying my kids houses as well. Would like to start a lifestyle business when the kids are older. Looking after my health so that I have more time out of the hospital. When my kids are old enough I'll teach them the absolute necessity of making money and every way I can think of to do that, that whatever they do when they grow up they have to be willing and able to do the version of it that makes money. If they love dance, they better be prepared to be dance instructors and open a studio or savagely commit to going pro, or be prepared to do something else to pay the bills and keep it as a hobby.
We've been financially fortunate enough to be in the top 25% of US households, and even I'm living the reality where I can't afford what my dad could afford working effectively the same job at the same age. Looking out at the world I see little reason why that trend should reverse, it'll have to get a lot worse first.
If I'm right I have a good shot to keep my family on the better side of this shitty transition, and if I'm wrong then my kids will have even more freedom than average, at the cost of a slightly more humble present. Probably won't step on a plane much over the next 2-3 decades, and that's fine.