381–390 of 448 posts
Hi, sorry to be that guys, I just wanted to make some corrections on what you call your app a "plain html file". Your HTML file loads: - react app - pwa manifest - tailwind css This is not at all a "plain html" file.
is plain html different from single HTML? Because it is a single HTML that you can "Save as" and have one html with the working app.
M dashes everywhere, bold text everywhere ... what's next, teaching them to over-rely on LLM's? And if we're teaching them about investing, can we also teach them about the ethics of investing? As in, employing a bunch of people to direct the profit of their work into the hands of investors?
M dashes everywhere, bold text everywhere ... what's next, teaching them to over-rely on LLM's? And if we're teaching them about investing, can we also teach them about the ethics of investing? As in, employing a bunch of people to direct the profit of their work into the hands of investors?
For me, the ethics of investing is a bit more profound. I see stock market investment and share holding to be one of the main drivers of civilisations obsession with endless consumption and growth. To me those things are damaging to our minds and our planet. This is just doing the same retarded shit we’ve been doing since the end of the war. Personally I feel like we need to turn a corner now; ease-off this obsession…
Or alternatively, your kids can see their money going up and down in value randomly, giving them constant anxiety if they're gonna lose it all while the US president uses the stock market as a pump and dump scheme.
When I started working at 24, a friend of mine (a few years older than me) asked me if our company had a 401(K) and what was the match. I was confused. What's this gobbledygook? So I asked around and got him the answers, and he responded with: max out your 401(K). Just do it. And do not ever think about taking money out of it. So I followed his advice. At that time, the ~$5500 cut in paycheck (my gross was around $35…
> We have a lot of avenues to save these days. Consider investing your time, not just your money. In other words, do careful research, start a business, then put your labor into offering a product or service that fills a need, instead of simply working for someone else. If you fail, you'll still learn a lot for another try. And if you succeed, the payoff can be much larger and faster than anything else you might atte…
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They mean don't wait till you're rich to start giving charity. Just give what you can when you can. Many people tell themselves they are great people because of all the money they'd give away just as soon as they are rich enough to do it but die without giving anything.
More or less: yup. The great thing about saying "give 10%" is how well it scales.
10% for middle class is fine. That’s just one less night out.
People should not give to charity if they themselves are likely to be dependent on charity.
I had a very similar idea this summer. But my kids are 6 and 8, so I approached it using the video game approach. It's been an absolute smash hit and entirely altered the habits of doing chores in this home. It's been about 3 months and it's still going stronger than ever. The whole thing is a static page, driven by a Google Spreadsheet that Mom and I edit to adjust goals and track progress. https://ibb.co/RTw5sCDJ h…
The incentive was a slight rent reduction at the end of each month.
It completely failed to motivate my friends to do more chores, but it landed me my first job.
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I started my daughter investing with a custodial account at 13. She put a few hundred dollars of her money in and I convinced her by matching her investment and told her if the amount ever went below the original investment I would backstop any loss. Investing is all about that long term gain and slow growth. Having 10 years of experience after finishing college will do so much more than Robinhood for refrigerators.
I've made a similar deal with my kids: Around 7 years ago I set up a "kid retirement" plan for them, where they couldn't touch the money until they were 18, but any money they put in I would match, and I'd also give them 10% APY with monthly compounding. My daughter aged out of it a couple years ago, she got something in the $100 range. Her brother still has a 18 months left, and I just recently rolled his over into…
That maximizes what they (as teenagers) can put into retirement accounts, their tax rate is 0% now, and though it doesn't teach them the deferred gratification aspect, it gets their retirement savings started.
We can talk about the deferred gratification aspect in other ways and/or later, but I'd rather they get 40-60 years of tax-free growth.
There's an awful lot of negativity here, but as someone who's 55 and has earned a good wage since I was 17, I really wish I had taken investing more seriously from the very beginning. While I knew of compound interest, I really didn't understand it until like a decade ago. If I'd started putting 5% of my money into a target retirement plan from 17, I'd be retired now. As it is I'm not doing badly, but I really wish I…
> and let him pick a couple stocks to put some money into And yet we complain that corps today are too focused on their market valuation over everything else; customer experience, longevity, worker conditions, R&D are all being neglected in order to make the needle go up. 'Investing' in stocks in order to flip them when the price goes up is feeding this insanity. Teaching kids that this is perfectly rational seems se…
For me, the notion of teaching kids to invest in some company they know (Disney, McDonalds, Coke, Apple, or whatever) and telling them that they are buying a tiny, tiny share of the company is an important mental model to help shape in them.
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Investing for retirement at 17 is a bad idea! At 17 you should still be thinking about investing in education - the right education investment today will pay back far more than any other monitory investment. There are of course bad education investments, and some are not willing to study even more (or not able to pass a good education course), in that case retirement might be the best investment you can make, but it…
I think it's actually a bad thing to think about money early on. Because it adds a layer of responsibility which I think takes away from simply enjoying life and focusing on what you might be truly passionate about. One of the things I hate about my 30s is that I'm focused on money now and it feels like I'm not living the life that I want. It just feels like I'm preparing for death. Which I'm not saying isn't the sen…
FAANG job at 22. Save up 25k a year for 4 years, that is 100k. You'll already retire at 56 with over 1.5M in the bank. It isn't perfect but it is a lot better than what most people do.
Really all you need to do as a programmer is max out 401k and maybe throw another 10k a year into savings on top of that.
I worked at MSFT for a decade and I would have retired at 40 if I hadn't spent 3 years trying to run a startup after my time at Microsoft.
This includes international travel every year, and 2 domestic vacations.