[–]TheBuddha[S]0 points
2 points
2 points
(+2|-0)
ago
LOL Both my kids actually have a trust fund. If they did absolutely nothing, I'll still support them.
Their fund is equated with the initial amount they started with and they can only take out so much per month. It works out to about $900 a month. ;-)
Yup... They can do nothing if they want. They will be fucking poor and damned near homeless.
If they do NOT take it out, it gets re-invested and they can withdraw those sums out as lump sums. So, if they're smart and save their money, they'll be able to make big purchases without going into debt.
Neither kid uses it. They just let the money accrue. My daughter took some out for her house and my son used some of his while he was in college and first moved to Peru.
So, they do have a trust fund - but it's not what people think of when they think of a trust fund. EH will almost certainly have one as well. I already put some money into an emergency account for her, just in case there was some legal issues with her mother. Those funds are so she can point and say, "This belongs to me. I can financially take care of myself." That's in case she needs to go through emancipation and if something were to happen to me. A judge will award her emancipation, no questions asked. She's 16 and has enough assets to provide.
I'm probably a little more lenient than you - but I'm not so stupid as to make them not have to work for it. THAT is against everything I am. They'll need to work, if they want to remotely enjoy life. I won't let them go hungry, but they can survive on Ramen noodles.
LOL Both my kids actually have a trust fund. If they did absolutely nothing, I'll still support them.
Their fund is equated with the initial amount they started with and they can only take out so much per month. It works out to about $900 a month. ;-)
Hell yeah, that's great! haha But you know which type I'm talking about. The thing is, it shows no religious or color barrier. They are usually all the same, though. The uppity, yuppy-types or whatever.
my son used some of his while he was in college and first moved to Peru.
Have you been down there yet?
I'm probably a little more lenient than you
haha I have my days. I try not to be a slave driver but I expect participation in reality. I've told them over and over that we come from generations of hard-working families and that nothing good comes easy most of the time. Nothing feels better than earning it all yourself with no help.
They'll need to work, if they want to remotely enjoy life. I won't let them go hungry, but they can survive on Ramen noodles
Exactly. I tell them all the time when they complain they are hungry. I'm like: "you don't know what hungry is!".
[–] TheBuddha [S] 0 points 2 points 2 points (+2|-0) ago
LOL Both my kids actually have a trust fund. If they did absolutely nothing, I'll still support them.
Their fund is equated with the initial amount they started with and they can only take out so much per month. It works out to about $900 a month. ;-)
Yup... They can do nothing if they want. They will be fucking poor and damned near homeless.
If they do NOT take it out, it gets re-invested and they can withdraw those sums out as lump sums. So, if they're smart and save their money, they'll be able to make big purchases without going into debt.
Neither kid uses it. They just let the money accrue. My daughter took some out for her house and my son used some of his while he was in college and first moved to Peru.
So, they do have a trust fund - but it's not what people think of when they think of a trust fund. EH will almost certainly have one as well. I already put some money into an emergency account for her, just in case there was some legal issues with her mother. Those funds are so she can point and say, "This belongs to me. I can financially take care of myself." That's in case she needs to go through emancipation and if something were to happen to me. A judge will award her emancipation, no questions asked. She's 16 and has enough assets to provide.
I'm probably a little more lenient than you - but I'm not so stupid as to make them not have to work for it. THAT is against everything I am. They'll need to work, if they want to remotely enjoy life. I won't let them go hungry, but they can survive on Ramen noodles.
[–] JopharVorin ago
Hell yeah, that's great! haha But you know which type I'm talking about. The thing is, it shows no religious or color barrier. They are usually all the same, though. The uppity, yuppy-types or whatever.
Have you been down there yet?
haha I have my days. I try not to be a slave driver but I expect participation in reality. I've told them over and over that we come from generations of hard-working families and that nothing good comes easy most of the time. Nothing feels better than earning it all yourself with no help.
Exactly. I tell them all the time when they complain they are hungry. I'm like: "you don't know what hungry is!".