Rich people rarely tell their kids how much money they make...would you?

[MsSouthern]

$100k is not rich

When my son was little and asked how much I made. I just told him enough

Now he doesn't care because we are comfortable and that's what matters

 

[So ILL]

Nope, my kid ain't about to try and Qawmane Wilson me. If you don't know his story, he's the faggot that had his own mother killed for her insurance money just so he could floss with it. They don't need to know shit except that I'm their father and I care for them.

 

[2stepz_ahead]

$100,000 is far from rich. If I was RICH, I wouldn't tell my kids how much I made. But I'm not rich. Lol. When my son reaches an age to be able to keep the information to himself, I'm gonna sit him down and show him exactly how much I make. And then show him exactly how much our monthly bills are. And teach his ass that shit costs money and that money doesn't grow on trees. And most importantly, since it doesn't grow on trees, he needs to value it and what it can do for him - while still not letting it control his movements.

lol nigga 100k is rich... smh ic niggas... you have to pay the government during tax season when you make that much... you rich...

Wtf?!? Not only is 100k not rich, it's not CLOSE to rich. Fuck is you talking about?! Lol.

nigga where you live?

anything above middle class is rich... you saying 100k is middle class? fuck naw to be middle class it's 30-60k...

I'm gonna say that if you can't keep a million dollars, you're not rich. You just got a well paying job.

a million dollar is alot of fukkin money to keep.....

are you talking total assets or cash?

 

[mryounggun]

$100k is not rich

When my son was little and asked how much I made. I just told him enough

Now he doesn't care because we are comfortable and that's what matters

I know your son is damn near grown at this point. Didn't he just hit 18 or some shit? Have you had any financial discussions with him?

 

[damobb2deep]

I make $100k and I'm far from rich

a single man can live comfortable making shyt 30k.. a family can live comfortable making 60k so 100k is enough to live comfortable and stack half your earnings a year... just because niggas when they make more spend more does not make the money you make less valuable or put you in a lower tax bracket...

 

[2stepz_ahead]

Nope, my kid ain't about to try and Qawmane Wilson me. If you don't know his story, he's the faggot that had his own mother killed for her insurance money just so he could floss with it. They don't need to know shit except that I'm their father and I care for them.

wow.....my son once told his teacher he didnt need school cause when i die he gonna be paid.

he dont even know he aint getting shit

 

[kzzl]

$100,000 is far from rich. If I was RICH, I wouldn't tell my kids how much I made. But I'm not rich. Lol. When my son reaches an age to be able to keep the information to himself, I'm gonna sit him down and show him exactly how much I make. And then show him exactly how much our monthly bills are. And teach his ass that shit costs money and that money doesn't grow on trees. And most importantly, since it doesn't grow on trees, he needs to value it and what it can do for him - while still not letting it control his movements.

lol nigga 100k is rich... smh ic niggas... you have to pay the government during tax season when you make that much... you rich...

Wtf?!? Not only is 100k not rich, it's not CLOSE to rich. Fuck is you talking about?! Lol.

nigga where you live?

anything above middle class is rich... you saying 100k is middle class? fuck naw to be middle class it's 30-60k...

I'm gonna say that if you can't keep a million dollars, you're not rich. You just got a well paying job.

a million dollar is alot of fukkin money to keep.....

are you talking total assets or cash?

Cash, income mainly. I'd think a rich person would see a million as attainable within a year or so, and the next.

 

[So ILL]

Nope, my kid ain't about to try and Qawmane Wilson me. If you don't know his story, he's the faggot that had his own mother killed for her insurance money just so he could floss with it. They don't need to know shit except that I'm their father and I care for them.

wow.....my son once told his teacher he didnt need school cause when i die he gonna be paid.

he dont even know he aint getting shit

How old is your son and why is he talking like that? I'd whoop my son's ass.

 

[_Lefty]

Affluenza is one of the worst diseases on earth. I'd much rather have my child think they gotta get it from the mud than thing we already have it.

 

[2stepz_ahead]

$100,000 is far from rich. If I was RICH, I wouldn't tell my kids how much I made. But I'm not rich. Lol. When my son reaches an age to be able to keep the information to himself, I'm gonna sit him down and show him exactly how much I make. And then show him exactly how much our monthly bills are. And teach his ass that shit costs money and that money doesn't grow on trees. And most importantly, since it doesn't grow on trees, he needs to value it and what it can do for him - while still not letting it control his movements.

lol nigga 100k is rich... smh ic niggas... you have to pay the government during tax season when you make that much... you rich...

Wtf?!? Not only is 100k not rich, it's not CLOSE to rich. Fuck is you talking about?! Lol.

nigga where you live?

anything above middle class is rich... you saying 100k is middle class? fuck naw to be middle class it's 30-60k...

I'm gonna say that if you can't keep a million dollars, you're not rich. You just got a well paying job.

a million dollar is alot of fukkin money to keep.....

are you talking total assets or cash?

Cash, income mainly. I'd think a rich person would see a million as attainable within a year or so, and the next.

it is attainable....

but to have a million income per year and have a million cash is two very different things.

mainly because you are constantly investing....and enjoying your money. eventually you get there and i think thats when you begin to cross over into wealthy.

 

[MsSouthern]

$100k is not rich

When my son was little and asked how much I made. I just told him enough

Now he doesn't care because we are comfortable and that's what matters

I know your son is damn near grown at this point. Didn't he just hit 18 or some shit? Have you had any financial discussions with him?

He will be 18 at the end of the summer

I've had numerous talks with him about earning money and saving money since he was young

He has a college fund / savings account and a ROTH account

He works in the summer and on his own saves about half his check . He does spend some during the school year but for the most part he enjoys seeing his bank account grow .

I haven't told him that at age 21 ... I think it's 21 .... He has total control over his money

Hopefully by then he will really see how important it is to keep a nice nest egg

 

[CP203]

Lol at 100k being rich, I'll just say the house at the end of my street rents for 30k a month

 

[2stepz_ahead]

$100k is not rich

When my son was little and asked how much I made. I just told him enough

Now he doesn't care because we are comfortable and that's what matters

I know your son is damn near grown at this point. Didn't he just hit 18 or some shit? Have you had any financial discussions with him?

He will be 18 at the end of the summer

I've had numerous talks with him about earning money and saving money since he was young

He has a college fund / savings account and a ROTH account

He works in the summer and on his own saves about half his check . He does spend some during the school year but for the most part he enjoys seeing his bank account grow .

I haven't told him that at age 21 ... I think it's 21 .... He has total control over his money

Hopefully by then he will really see how important it is to keep a nice nest egg

thats some GOAT shit right there....props

job well done

 

[2stepz_ahead]

Lol at 100k being rich, I'll just say the house at the end of my street rents for 30k a month

nigga sukked the soul outta the thread

 

[2stepz_ahead]

Nope, my kid ain't about to try and Qawmane Wilson me. If you don't know his story, he's the faggot that had his own mother killed for her insurance money just so he could floss with it. They don't need to know shit except that I'm their father and I care for them.

wow.....my son once told his teacher he didnt need school cause when i die he gonna be paid.

he dont even know he aint getting shit

How old is your son and why is he talking like that? I'd whoop my son's ass.

he too old to be talking like that but he comes from two very different worlds.

i was already told i was way too tough on him when i last checked him for challenging my authority.

as for why hes like that...long story.. hes just very confused and feels entitled.

 

[So ILL]

Lol at 100k being rich, I'll just say the house at the end of my street rents for 30k a month

Fuck that neighborhood, nigga.

 

[CapitalB]

Lol at 100k being rich, I'll just say the house at the end of my street rents for 30k a month

Fuck that neighborhood, nigga.

hell nah..

thats the kinda shit that gets my blood goin. lol

 

[BEAM]

Probably not, only because the figure is moot.

I will, however, let them know that they're very fortunate and that nothing they have came easy; Nor are they entitled to any of it..

It'll be quite the balancing act, allowing them to thoroughly enjoy their formative years all while attempting to teach them the value of sincere, hard work..

 

[dallas' 4 eva]

very first comment from the article i thought was interesting.

My kids ask how much we make and I'm in the 32% telling them its none of their business. Its not because I don't want them to know necessarily, its that:

1. I don't want the neighbors/relatives to know. Its none of their business.

2. I don't want entitled kids thinking that I should be spending more on junk they won't take care of any way.

3. On that topic - I detest the consumerism kids demonstrate thinking that everything is disposable and if you break something it can be replaced. Knowing our income would just validate the ability to replace.

4. No matter what your income there are tight times. I don't want to have to justify not spending to explain a financial issue.

5. Finally there's need vs. want and creating an understanding of the two to avoid spoiled brats.

I learned to budget as a kid and THAT is what I'm teaching them.

This summer I started giving each kid $15.00 at the grocery store to fill a basket with supplies for their lunches. I get veto power if it's all junk. I encourage them to buy one dairy drink/snack for each week day, one fruit, one carb, something to drink each day, one loaf of bread and stuff for putting in the bread. If they go over at the cash register they have to give up something. What ever is left they get to keep.

To my delight, as of the third week, the two joined together... bought a case of water on sale for 1.99 for 24 units... pooled their money asking to go to Costco where they bought bread and froze it (like mommy) bought healthy snacks and spent all $30.00 for the week plus some extra they had lying around... but here's the thing - they have enough food for two to three weeks so they get to pocket the money for two weeks. We'll see how the rest of the summer goes and I plan on continuing this through the school year since both kids "get it."

My goal is to get THEM funding themselves and use to buying things they want. My job is to buy them what they need and get them gifts for special occasions.

Who cares what I make - my kids need to focus on how to fund their own lives.

I'm a try the bolded but $15 a week for lunch is bullshit

Shiiiiit two packs of bologna and bread and I'm straight. I only drink water anyway.

 

[TheManInBlack4.0]

No.

I actually wouldn't tell anyone.