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A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
4 weeks ago
I became seriously interested in personal finance after seeing my idealistic university course mates/millennial colleagues who come from rich families use their parents' hard-earned money to rectify poor decision-making in their lives (e.g. fail a university module? Nevermind, can retake module since father/mother rich. Graduate already but grades not good enough to secure a job? Work for free/volunteer lor, since got income support from parents).
ReplyDeleteYup. Children of rich parents could afford second (or maybe even more) chances in life. I adapted by improving my career competency, saving more, building a larger emergency fund, and investing. As my field is small and there is an increasing supply of graduates, rich kids would do not need the money, but want the job experience could pull off such a feat by working for free. For my less well-off course mates, it might be harder adapting.....oh well, that's life.
ReplyDelete