9 important money tips every dad should teach his children

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  • CougAbroad Vienna/Austria, 00
    June 18, 2013 6:50 a.m.

    I don't disagree that getting married/having children before finishing your education/establishing a career can make life "complicated"...but since when do we do things the easy way. If Hollywood thinks it's a good idea (i.e. putting off marriage/family to seek after what very often are selfish pursuits), then it's likely the idea isn't good at all. This reasoning, coupled with the breaking of the law of chastity, is why we have many of the problems that plague society today.

  • Andrew American Fork, UT
    June 17, 2013 12:02 p.m.

    Good article. I will review with my children. And yes Diligent Dave we definitely need more children long term than we currently have from a macro level. It will be really interesting to see changes in Europe, US, and Asia over the next few decades as the population gets older.

  • Diligent Dave Logan, UT
    June 17, 2013 9:15 a.m.

    I meant "late 20's or early 30's". And I would add, that getting a start in trying to have a family that late (one should be beginning in either their early 20's, or even late teens), means that the time available for child bearing is greatly diminished.

    But, given that, so far, only I and one other have commented on this "story" is an indicator that very few even read the article.

    For a society as a whole to shake off the sub-replacement birthrates they've been having for close to half a century (did you know that "boomers" in the U.S. averaged only 170 babies born in their lifetime for every 200 of them)?, we need the generation now in their child bearing years to self-reproduce in far greater numbers than, on average, their parents did. Without enough children, we don't have much chance for our future.

    Sub-replacement birth rates are (and were leading up to the Great Depression) "A" if not "THE" reason why we had that economic depression. And so it is, IMO, NOW, for certain!

  • Diligent Dave Logan, UT
    June 16, 2013 10:43 p.m.

    "A big part of our financial success is based upon the decisions we make in life. As I see it, there are four key milestones in life: 1) getting a good education, either through college or via on the job training; 2) establishing your career; 3) marriage; 4) kids. If you follow those milestones in order, you’ll greatly increase your odds of achieving financial freedom. However, if you take them out of order, you’ll quickly discover that life not only gets more complicated, but also gets significantly more difficult financially."

    I not only disagree with this "commandment of men", but I disagree EXTREMELY STRONGLY. And, though it appears to make MUCH SENSE at a Micro-Economic level, it is DESTROYING us on a Macro-Economic level. Let me explain why.

    NOW for MANY not only men, but ALSO women, getting not only a bachelor's degree is de rigeur, but getting a Master's &/or Doctorate too. By the time most finish these, they are in their late 20's to early 20's.

    This careerism most often tends to delay in marriage and child bearing, causing sub-replacement birth rates.

  • WHAT NOW? Saint George, UT
    June 16, 2013 10:28 a.m.

    Work, for it, should be #1, as well as the preface to the other eight.