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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (9248)	6/14/2011 4:16:27 PM
From: chowder	1 Recommendation Read Replies (3) \| Respond to of 34328

Ever since my kids were little, I took 20% of every dollar that went through their hands. I took 20% of their allowance, 20% of birthday money, 20% of Xmas money and 20% of anything else that came their way. My parents were upset that I would take 20% of their gift money, but I wouldn't relent. I told my parents that my kids were going to learn how to save and invest whether they wanted to or not. So, my parents snuck some extra money to my kids behind my back and told them not to let me know about it. I took 20% of that too! Ha! When my Son was a teenager, he got cocky with me about his Xmas money. He told me that his Grandmother said that money was for him. I told him, fine. Tell me what Grandma gave you as a gift last Xmas and you can have the money and I'll match it. ... He couldn't remember. ... I told him you'll remember what Ole Dad took, he took 20% of your money! I made them count it out and hand it back to me. I wanted them to get in the habit of handing it over. When my Son turned 16, I made him get in the car and we canvassed business to business until he found a job. He worked at Target every weekend during high school. And, I took 20% of that too! When he enlisted in the Navy, I told him I was going to take 20% of his money. He said Dad, "I DON'T CARE!" ... He said I'd been doing it for so long it didn't matter to him anymore. Har! Har! So here we are. He's 26 and I'm still taking 20% of his money. His portfolio is now in excess of 60K and growing. My wife and I both come from large families and nobody agreed with my concept of taking the kids money. Kids should be kids was the most favored response. We have a lot of nieces and nephews and not a single one has a brokerage account.