News for hackers. Stuff that matters.
Re:I Tested the Saving Technique That Promises Retirement at 40 by mooreds on Saturday March 02, 2019 @07:33AM (#19288966)
That's very interesting. I feel like being handed FI at a very young age could go either way. Either he realizes what a gift he's been given, or he squanders it because he doesn't. I don't think that I would have appreciated it at that age myself.

Of course, it's your choice to make (and I definitely don't know your situation or your son's situation), but it seems to me that a big part of FI is the mindset, not the money, and I'm not sure you can acquire the mindset without going through the frugal living.

Re:I Tested the Saving Technique That Promises Retirement at 40 by mrhappyunhappy on Sunday March 03, 2019 @07:12AM (#19294102)
Sure. My goal is to instill the mindset far in advance of handing down any sums of money. Basically, if I don’t observe the type of behavior I’m looking for such as managing your own finances in an intelligent manner, I’ll probably do something else with that money or just let it accrue interest until he is ready.