👶 Should parents help their kids financially?


Good morning Reader!

Last night, we had an almost full load to run the dishwasher and so I threw a pot in.

I looked at my wife and said "we made it!" 😂

It sounds silly but growing up, our dishwasher was mostly a drying rack. We'd rarely run it.

In my mind, sticking in a massive pot seemed decadent.

What was something from your childhood that seemed only for the wealthy that you now realize is fairly normal?


(View this email as a webpage)

👶 Should parents help their kids financially?

A Redditor learned that his parents had millions of dollars and he was furious. He was struggling, in credit card debt, and was very angry his parents were sitting on a mountain of gold.

Think he deserves to be angry?

I'd love to hear your thoughts (as a comment on the post if possible, or reply to this email if it's easier for you):

👉 How much should we help our kids financially?

📅 Year end tax moves

It's almost November and you'll start seeing a bunch of "year end tax moves" posts, but here's an early one to help you prepare before the holiday rush:

👉 Year End Tax Moves You Must Be Doing

🐄 Why is milk white but cheese is yellow?

Isn't that strange?

Vox did a short 6-minute video explainer that's fun to watch.

👉 The real reason cheese is yellow

What did you think of today's email?
I Loved It! 🟨 It Was Okay Not My Favorite

Take care!

Jim

PS. We're seeing CD rates slip lower and lower, now it's rare to see one above 5%. CD Valet has a few from smaller credit unions but the bulk are under 5% now. You can review the best rates here.

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Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

I have been writing about money for nearly 20 years and believe that personal finance is one of those subjects that is made complicated because it benefits a select few. Our aim is to help make it easier to understand so that regular folks can use what we teach to take control of their money and build wealth.

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