Hello – Momkin here. As you become young adults, and are on
the brink of moving out and starting your independent lives, I have concerns
that there are all sorts of financial (and other) philosophies that I haven’t
ever articulated to you. So, it occurred to me that I could put these ideas
into writing and put them in a blog so you can access them whenever you feel
like it. I know that some of these things may not be interesting to you right
now, but at some point, you might want to know what my thoughts are. This gives
me a chance to write down my ideas as I am inspired to do so, and gives you a
chance to read them when the time is right for you. Off the top of my head,
here’s what I’m thinking I’ll cover:
1.
Things I wish I had known when I was 20:
a.
http://www.mrmoneymustache.com/forum/welcome-to-the-forum/things-you-wish-you-knew-when-you-were-20/
2.
Financial
a.
Overall philosophy
i.
spend
less than you make, invest the difference; keep your life-style expectations
(and financial commitments) low
b.
Checking accounts
i.
fees, overdrawn, balancing
c.
Budgeting
d.
Car/transportation
e.
Renting vs. buying
f.
Investments
i.
if it looks too good to be true, it probably is
(Bernie Madoff, Facebook); don’t buy on margin
g.
Hang with people (esp. life partner) who have
similar financial philosophy and goals
h.
Debt: don’t have any (especially credit card)
i.
Insurance
j.
Saving for retirement
3.
Life in general
a.
Life Partner
b.
Children
c.
Travel
4.
Resources:
a.
MrMoneyMustache.com
It will take me some time to cover each of these topics, and
I may skip around, so if there’s something on the list (or an additional topic)
that you’d like to take priority, just let me know.
Love,
Momkin
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