Yes, getting the spending side is a good idea, but it's rare that people know how much they spend. It often become a non-starter. Perhaps it may be best to see if you can just get the other person to max out their 401K into a target fund as a starting point or as much saving as they can stand. Instead of several months of expense, just have them do several months of income since it's easier to figure out. Getting them to take the first step might be the hardest part.
I have to admit that the people I am helping typically have a strong familial ties, enough that I feel the need to get them to some sort of right path. What they do with it afterwards is up to them. On the flip side, the familial ties means I might be familiarly obligated to help them if they have problems in the future. If they are asking for help, it's to my best interest to help them find their path.
I have to admit that the people I am helping typically have a strong familial ties, enough that I feel the need to get them to some sort of right path. What they do with it afterwards is up to them. On the flip side, the familial ties means I might be familiarly obligated to help them if they have problems in the future. If they are asking for help, it's to my best interest to help them find their path.
Statistics: Posted by gavinsiu — Fri Jul 26, 2024 12:23 pm — Replies 20 — Views 719