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Strategies & Market Trends : Dividend investing for retirement

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To: Steve Felix who wrote (3887)2/23/2010 9:23:26 PM
From: chowder  Read Replies (2) of 34328
 
>>> From a first job until full time employment would be a great teaching experience. <<<

I started taking 20% of my kids money since birth! 20% of birthday money. 20% of Christmas money. 20% of allowance. 20% of every dollar that came their way.

My parents were upset because I was taking 20% of the money they gave to their grandchildren. I told them I didn't care, I was going to continue. They slipped money behind my back. The Missus told me! :o) So, I even took 20% of that.

When my Son got about 15 he was ticked off. He said, Grandma said that was my money. I said I'll make a deal. If you can tell me what Grandma gave you for Christmas last year you can have the money and I'll double it. He couldn't tell me. I told him, when you are old and gray, you'll remember Dad took 20% of your money every Christmas!

When he turned 16 I made him get in the car and we canvased door to door to find him a job after school and weekends. Finally got him a job at Target and he worked every weekend during his high school years, and I took 20% of that!

When he joined the Navy, I told him I was taking 20% of his pay there too and he said, I don't give a damn. I'm used to it now. (LOL)

He's got a nice sized account as a result of it and paid cash for a car on top ( his money, not mine ). No regrets here! Nor on his side now that he's seen other's money woes.
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