Comments on: 10 Things I Now Know at 40 That I Wish I Knew at 20 http://www.doughroller.net/personal-finance/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/ Money Management and Personal Finance | The Dough Roller Mon, 13 Feb 2012 05:44:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: familymoney http://www.doughroller.net/personal-finance/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/comment-page-1/#comment-22994 familymoney Wed, 01 Sep 2010 19:44:33 +0000 http://www.doughroller.net/2007/07/26/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/#comment-22994 Things I know at 60 (+) that I Wish I'd Known at Forty 1) My kids don't know what I know about finances and weren't learning it in school. 2) Kids should work while in school – it helps them learn about the real world. 3) Kids need to have a big 'want' in their lives – it helps drive them towards their goals. 4) How to talk to my parents about their finances and capture their wisdom and stories for my grandchildren. 5) No matter what contributions you make to work, society or community, other people care more about their own contributions than yours. So pick your own legacy and work towards it. 6) Everything changes – taxes, investment choices, advisor theory and advice. Rely on your own judgment. 7) I wasn't old at 40 – there was plenty of time to build my life and my fortune. 8) Money is a tool, not a status symbol. 9) College is not a basic necessity – consider the cost vs. the benefit in what you want to do. 10) Families can build wealth together – generations can help each other. Things I know at 60 (+) that I Wish I’d Known at Forty

1) My kids don’t know what I know about finances and weren’t learning it in school.
2) Kids should work while in school – it helps them learn about the real world.
3) Kids need to have a big ‘want’ in their lives – it helps drive them towards their goals.
4) How to talk to my parents about their finances and capture their wisdom and stories for my grandchildren.
5) No matter what contributions you make to work, society or community, other people care more about their own contributions than yours. So pick your own legacy and work towards it.
6) Everything changes – taxes, investment choices, advisor theory and advice. Rely on your own judgment.
7) I wasn’t old at 40 – there was plenty of time to build my life and my fortune.
8) Money is a tool, not a status symbol.
9) College is not a basic necessity – consider the cost vs. the benefit in what you want to do.
10) Families can build wealth together – generations can help each other.

]]> By: Clueless http://www.doughroller.net/personal-finance/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/comment-page-1/#comment-2937 Clueless Fri, 23 Nov 2007 17:47:46 +0000 http://www.doughroller.net/2007/07/26/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/#comment-2937 Can you elaborate number 4 and number 5. I am in my 20's right now and I really want to get started on "investing" what should I start doing? Can you elaborate number 4 and number 5. I am in my 20′s right now and I really want to get started on “investing” what should I start doing?

]]> By: -Jobbik- http://www.doughroller.net/personal-finance/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/comment-page-1/#comment-2927 -Jobbik- Fri, 23 Nov 2007 15:26:44 +0000 http://www.doughroller.net/2007/07/26/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/#comment-2927 thank you, its articles like this that reassure me that I am not "wasting my youth" in tackling the investing hurdle at such a young age. I started investing at about 20 years old, having a small nest egg that was only in forms of regular savings vehicles. (MMA's etc). I started my own account and granted i have made some mistakes, but the endeavor is incredibly more enlightening than any other hobby i have had to date. I recently turned 23, i live a simplistic lifestyle, and currently finance/investing/economics are my primary interests (even so much as to say that these studies encompass my "entertainment costs", as investing IS my entertainment.) Even at my currently young age, and with the mistakes i have made. I have already accumulated a fair enough nest worth (not even considering debt, or the lack of it) that rivals many of my considerably older peers. Its just nice to read and be reaffirmed that what I am doing is (most likely) going to be a good decision. -Jobbik- thank you,

its articles like this that reassure me that I am not “wasting my youth” in tackling the investing hurdle at such a young age.

I started investing at about 20 years old, having a small nest egg that was only in forms of regular savings vehicles. (MMA’s etc). I started my own account and granted i have made some mistakes, but the endeavor is incredibly more enlightening than any other hobby i have had to date.

I recently turned 23, i live a simplistic lifestyle, and currently finance/investing/economics are my primary interests (even so much as to say that these studies encompass my “entertainment costs”, as investing IS my entertainment.)

Even at my currently young age, and with the mistakes i have made. I have already accumulated a fair enough nest worth (not even considering debt, or the lack of it) that rivals many of my considerably older peers.

Its just nice to read and be reaffirmed that what I am doing is (most likely) going to be a good decision.

-Jobbik-

]]> By: The Dog http://www.doughroller.net/personal-finance/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/comment-page-1/#comment-1665 The Dog Fri, 02 Nov 2007 14:58:21 +0000 http://www.doughroller.net/2007/07/26/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/#comment-1665 At 60 you'll begin to admit to yourself that you are going to die and it may be any day........and any amount of money can't stop it from happening. That's something you should consider now at the age of 40. It will make all your worries about money and material wealth disappear real quick. At 60 you’ll begin to admit to yourself that you are going to die and it may be any day……..and any amount of money can’t stop it from happening.

That’s something you should consider now at the age of 40. It will make all your worries about money and material wealth disappear real quick.

]]> By: DR http://www.doughroller.net/personal-finance/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/comment-page-1/#comment-1392 DR Thu, 25 Oct 2007 10:04:02 +0000 http://www.doughroller.net/2007/07/26/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/#comment-1392 Anwar, is the book something you want to share? Anwar, is the book something you want to share?

]]> By: Anwar http://www.doughroller.net/personal-finance/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/comment-page-1/#comment-1388 Anwar Thu, 25 Oct 2007 04:35:31 +0000 http://www.doughroller.net/2007/07/26/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/#comment-1388 Great article! Something that is really close to my heart. I wrote a book titled..."We wish we knew this 20 years ago" for my children. Gave it away to my nephews etc.... and some of my staff. Keep your good work going! Great article! Something that is really close to my heart.

I wrote a book titled…”We wish we knew this 20 years ago” for my children.

Gave it away to my nephews etc…. and some of my staff.

Keep your good work going!

]]> By: Marie Claire http://www.doughroller.net/personal-finance/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/comment-page-1/#comment-949 Marie Claire Thu, 20 Sep 2007 23:18:22 +0000 http://www.doughroller.net/2007/07/26/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/#comment-949 Very informative post. Have you ever wondered what you should know at your deathbed that you wish you knew at 20? Very informative post. Have you ever wondered what you should know at your deathbed that you wish you knew at 20?

]]> By: Millionster http://www.doughroller.net/personal-finance/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/comment-page-1/#comment-941 Millionster Wed, 19 Sep 2007 19:26:23 +0000 http://www.doughroller.net/2007/07/26/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/#comment-941 Ive taken #10 item to heart in the past months.. living rather pragmatically -- at least until I get my new house! Ive taken #10 item to heart in the past months.. living rather pragmatically — at least until I get my new house!

]]> By: Minimum Wage http://www.doughroller.net/personal-finance/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/comment-page-1/#comment-562 Minimum Wage Wed, 08 Aug 2007 00:59:52 +0000 http://www.doughroller.net/2007/07/26/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/#comment-562 I started saving when I was ten, and had $4,000 (about $20,000 in today's dollars) by the time I graduated high school. Then I blew it all on college and ended up with student loan debt. I started saving when I was ten, and had $4,000 (about $20,000 in today’s dollars) by the time I graduated high school. Then I blew it all on college and ended up with student loan debt.

]]> By: SavingDiva http://www.doughroller.net/personal-finance/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/comment-page-1/#comment-559 SavingDiva Tue, 07 Aug 2007 18:33:04 +0000 http://www.doughroller.net/2007/07/26/10-things-i-now-know-at-40-that-i-wish-i-knew-at-20/#comment-559 Great post! I found a link from the personal finance carnival. Since I'm in my 20s, I appreciate the advice ;) Great post! I found a link from the personal finance carnival. Since I’m in my 20s, I appreciate the advice ;)

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