👶 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.

(see our archive of previous emails)


You signed up for this newsletter via wallethacks.com

We respect you and your attention. If you no longer wish to get emails from us, you can unsubscribe and we will still be friends.

If you like sending gifts, we like getting them here - P.O Box 323, Fulton, MD 20759

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.

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

Good afternoon Reader, How is it the end of 2024 already? We're just a couple weeks away from the end of the year - and our kids only have two more school days left! There's goes my sanity. 😆 How has your year been? (View this email as a webpage) 👑 Avoid status games The holidays can be a great time. They can also be a challenging time. One of the ways it's challenging is that when you see friends and family, there's a natural inclination to compare yourself. This is especially true when you...

Good morning Reader, Over the weekend, we visited the German Christmas Village in Baltimore. It's one of the best German Christmas markets around and the first time we visited. It's being sponsored by Chase and at several stalls, you can get 50% off if you use a Chase card. 50%! I've seen $1 off or $5 off at some stadiums if you use their bank's card (Citi Field in NY does this, so does Capital One Arena in DC), but 50% off? That's pretty insane. We're slowly accumulating various "holiday...

Good day Reader, Isn't it funny how it doesn't matter how old you are, you always feel like you missed it? Personal example - I graduated college in 2002 with a degree in Computer Science. When I started in 1998, the dot com boom was already roaring.. that's kind of why I chose CS. By 2001, the bubble collapsed and I felt like I missed it. (well, I technically did miss it) The bubble may have burst but I didn't miss the rise of the Internet. I caught that one. There's always another wave....