Conecrned Uncle
As a uncle of a 12yo bright niece, 10yo gifted niece and a 6yo nephew. I can taken up the banner of a male role model for then in leui of the father which is divorced from my sister.
I only started seeing them about 2 1/2 year ago since I couldn't stand the loser husband. Enough said there, every family has at least one.
I get involded with the kid by asking them what they want to be.
The 12yo wants to be a lawyer,vet,marine biologist, zoologist.
It changes very often. (most all deal with aminals of one sort or another). Hopefully she will be a lawyer. Since she likes argueing.
The 10yo wants to be a artist or a physiotherapy. Hopefully a physiotherapist since they actually earn a wage. But she is creative in painting and sculpting.
The 6yo want to be a mechanic or ninja. (Go figure).
Though the 6yo is still learning maths and english the 2 girls are already earning a wage from me by helping me house hunt.
I get them to do 20-25 suburbs I have chosen in which I want to invest in. The have a set procedure.
- They circle the ads of houses in a certain range and criteria.
- The get the medium rent paid for that type of house in that area.
- They work out the yields for each circled property.
- They write each down on a single piece of paper.
For this they get a pay of $5 for every 10 they hand me.
Yes, I hear you, I am cheapstake.
My sister is happy she doesn't hear from them on the weekend so she can spend her time studing and they are getting better at finding real estate. A good one was around the corner from their house so we walk there when it was open. (-a real reno was needed).
I hope that this and paying monopoly and cashflow for Kids with them will help their financial education.
That and going to collect rent with Grandma and Opa.
In closing, I will help them be who they want to be and encourage them to invest there paycheck wisely.
Respect, Peace, Out.
OPM-addict.
