Hi Sunstone your Re-vamped thread
VG Thread.
I also joined the forum and am presently searching all the nooks and crannies of amazing comments, knowledge and insights. PS It’s like a video game but your learn.
FY interest a number of things caught my eye in this thread:
WHO ARE WE (Forumites) it seems a lot of us who replied are proposing to give benefits of investing to charity. Perhaps like the USA where wealth building is praised, we wealth builders also recognise our role to give back?
I am proud to say my wife this year handed her $1000 bonus to the RSPCA because we can afford to do it. Her action and this thread has made me realise I need to consider "who to give" as part of my future planning and structures.
I would like to see my properties retained for future generations and causes, not wasted by the relations.
WEALTH GUILT IN OZ? It is a real issue and a challenge to overcome. Thank you to all who put in your comments re your future plans.
My experience ....Having recently paid off all debts I decided to finally get my health in order (Atkins diet actually works by the way) and have lost 11kg of fat plus the benefits of stress and all that. BUT....a number of friends and contacts reply to this news with "what is it you do at the moment Peter?” "Well not a lot" I reply and it starts. You are made to feel like some leper because you are not scraping and scrimping to pay the bills. Some people don't even believe me and think I got some master plan happening behind the scenes.
Yes I have quickly leant like others here to adopt the keep a low profile approach and don't comment. As for telling them we gave away $1000! Where would you start!
HAVING THE RIGHT ATTITUDE is by far and wide the greatest advantage you can have to succeed!
To RPI you wrote:
"As a teacher I deal with heaps of kids everyday that have so much opportunity and talent. But mum and dad are on the dole, their grand parents have never worked so to them even the idea of pursuing school to get a good job is worthless, let alone the idea that you can choose to make yourself financially independent."
Thank you for writing this. My sister was recently widowed and your words confirmed my concern that without the right environment her children with suffer "negativity/welfare syndrome". I saw it growing up working class and how I escaped I don't understand. I thought by considering private boarding schools I was being snobby but you nailed it by highlighting it is the "environment/experiences kids have that influence their approach to life".
RPI do you have any books you recommend on overcoming this problem and building goals and financial sense into children? From the posts it would appear at 5 and 8 years old, now is the time to change their thinking and mindset. Thank you for this insight into how I can best help my Sister.
Regards
Peter 147
VG Thread.
I also joined the forum and am presently searching all the nooks and crannies of amazing comments, knowledge and insights. PS It’s like a video game but your learn.
FY interest a number of things caught my eye in this thread:
WHO ARE WE (Forumites) it seems a lot of us who replied are proposing to give benefits of investing to charity. Perhaps like the USA where wealth building is praised, we wealth builders also recognise our role to give back?
I am proud to say my wife this year handed her $1000 bonus to the RSPCA because we can afford to do it. Her action and this thread has made me realise I need to consider "who to give" as part of my future planning and structures.
I would like to see my properties retained for future generations and causes, not wasted by the relations.
WEALTH GUILT IN OZ? It is a real issue and a challenge to overcome. Thank you to all who put in your comments re your future plans.
My experience ....Having recently paid off all debts I decided to finally get my health in order (Atkins diet actually works by the way) and have lost 11kg of fat plus the benefits of stress and all that. BUT....a number of friends and contacts reply to this news with "what is it you do at the moment Peter?” "Well not a lot" I reply and it starts. You are made to feel like some leper because you are not scraping and scrimping to pay the bills. Some people don't even believe me and think I got some master plan happening behind the scenes.
Yes I have quickly leant like others here to adopt the keep a low profile approach and don't comment. As for telling them we gave away $1000! Where would you start!
HAVING THE RIGHT ATTITUDE is by far and wide the greatest advantage you can have to succeed!
To RPI you wrote:
"As a teacher I deal with heaps of kids everyday that have so much opportunity and talent. But mum and dad are on the dole, their grand parents have never worked so to them even the idea of pursuing school to get a good job is worthless, let alone the idea that you can choose to make yourself financially independent."
Thank you for writing this. My sister was recently widowed and your words confirmed my concern that without the right environment her children with suffer "negativity/welfare syndrome". I saw it growing up working class and how I escaped I don't understand. I thought by considering private boarding schools I was being snobby but you nailed it by highlighting it is the "environment/experiences kids have that influence their approach to life".
RPI do you have any books you recommend on overcoming this problem and building goals and financial sense into children? From the posts it would appear at 5 and 8 years old, now is the time to change their thinking and mindset. Thank you for this insight into how I can best help my Sister.
Regards
Peter 147
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