@alexsteven.m6414
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
@Motoicon
All 3 of my daughters didn't speak to me for 2 years when I stopped bailing them out after my divorce. Now they all live very close with their tribe of toddlers. See them several times a week.
@eric-Red_Carbone
I dug myself out of 16000 in credit card debt last year, worked 2 jobs yo do it and cut out all unnecessary spending. You'll learn eventually, taught me about money, assests, liabilities and budgeting. Learned so much, best lesson in my life
@Thomas63r2
I'm a middle school math teacher in my 60's. One of the fun things I like to do towards the end of the year is to give the kids a game of life assignment that focuses on financial decisions. I often start out explaining that its virtually guaranteed that some students in this classroom will have cars repossessed, be evicted, go bankrupt, etc. I also tell them that will mostly be because of unforced financial errors rather than some loss of job or economic recession. I begin by taking a look at the probable income of a recent graduate - and then looking at expenses that the students decide are must haves. Its rare for any student to initially notice that the hypothetical recent graduate has less income than their wished for expenses. I let them discover this on their own when I require some balancing of budgets hopefully with some savings each month. At this point a lot of kids decide they don't like this game of life, that they can't have all the expensive items they want. I just smile and welcome them to real life. It especially blows their minds to discover that financially successful people generally do not care about designer goods, fancy cars, or exotic vacations. I like to introduce them to books like "The Millionaire Next Door" as a counter offensive to all the influencers they watch.
@jackblack3886
There was no credit available to anyone under 21 when I was a teenager. Taught me an important lesson.
@ES-nx7hl
There's a difference between helping and enabling.
@CDMaclintock
I've made big mistakes and learned lessons the hard way, but thanks to God I was able to get my act together in time to build a good life with prosperity and financial security. I have NO debt and NO worries now and going forward.
@jayf6525
My first car was a POS 1959 Pontiac station wagon. I called it the white whale. Paid $200 for it. My second car, my dream car, was a beautiful 1968 red Camaro. It was owned by a friend of mine who got drafted and sent to Viet Nam. He chose to sell the car before he went into the Army and wanted to give me first dibs. The selling price was a whopping $1,500 which at the time, given my age and working at a gas station, was a lot of money. Money, I did not have. So, I asked my divorced mother without a pot to piss in, to co-sign the loan. She agreed provided I would not be allowed to drive the car until the loan was paid off. I agreed. And I worked my ass off working 2-3 jobs or anything to make money and paid the loan off in 6 months. This exercise taught me financial responsibility that I carried with me the rest of my life. I'm now 72, been retired for 12 years and living a comfortable life with my lovely wife of 47 years. Life is about choices. Choose wisely.
@arnoldjohnson3317
Who in their right mind would pay your kids credit card debts.
@GreenTRC1
The Mom did the right thing. She's teaching him a lesson on how to be an adult.
@class1188
My mother NEVER paid ONE BILL she was very well to do. She told me "You made your own bed lay in it! She taught me to REMAIN INDEPENDENT & STRONG because she isn't going to be here on earth 4-ever. Out of all my friends I am the one that landed on my feet never depending on a soul. Was it easy? NO.
@pmdun45698
I knew a lot of parents who used their home equity to help their kids purchase their first homes. Meanwhile, their kids were going out every night and living it up. Now, some of them no longer can afford to retire and have to keep working.
@Inga464
We had always saved for our 5 children . We left Miami in 87. By living ina better area in another state, we were able to save for each of our kids to go to university. All have degrees now no debt. They are successful and happy. Thanks be to God
@surfboard396
If I use a card I pay it off as soon as the bill comes in.
@BigbillFairbanks
It's really hard as a parent but I cut my kid off because I was being treated like an atm. I think it makes them at least take a step back and realize what they are doing.
@mikedavison4313
I learned financial responsibility many decades ago in my teens. When I was close to driving age I started nagging my dad for a car and he kept saying no. One day I asked again and he handed over an envelope with some money. It had a small amount so I complained about not enough to buy a car. He looked me directly in the eye and said " that's for the registration, get a job and buy your own fu...ing car".
@marks6072
Casually walks by a totaled car at 4:18 parked at the curb..Staying on point like a boss!!!
@Corkfish1
The country is full of people living paycheck to paycheck while they get Door Dash deliveries!😂
@laaqcplm
I'm retired at 40, went from Grass to Grace. This video here reminds me of my transformation from a nobody to good home, honest wife, $175k biweekly and a good son full of love.
@MichaelBordenaro