Posts by Aaron Diaz84

A golden rule for parents, I guess... you just have to give back exactly what your child gives to you.

Nicholas Wilson2 said:Look, let’s be real—not everyone is some Wall Street wizard or a math genius. At the end of the day, the big banks are the ones pulling the strings anyway. They'll offer you a measly 4.5% on your savings account while charging you over 10% the second you take out a loan. Who wouldn't try to squeeze every last cent out of their paycheck? Even if it feels pointless because inflation is eating everything alive faster than the interest grows. And honestly, who knows what things will even cost in eighteen years when my kid hits adulthood? Probably nothing we're doing now will even matter. Personally? I think it’s better to just dump everything into hard assets—real estate, stuff you can actually touch—and keep just enough in liquid cash to cover maybe 6 to 8 months of living expenses. Of course, that number looks different for everyone.

Just imagine if you had, say, $100k eighteen years ago... would that amount even mean anything today?