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LR_111 t1_j6oqrz9 wrote

Are you sure you want to do this? There are some priceless experiences that you can only have as a child / young teen. Wouldn't the money be best used now for a once in a lifetime experience vs when he graduates college, and likely gets a job where he makes that much in a week?

Gee thanks mom and dad, I finally get my first real paycheck for 2k+ and you give me another $1200 6000 dollars that is just lost in the sauce.


BouncyEgg t1_j6ory3d wrote

> you give me another $1200 dollars that is just lost in the sauce.

I would challenge this calculation.

The OP is looking at a time horizon of 20 years.

Properly invested, the value of 1K will likely far exceed 1.2K.


LR_111 t1_j6osppz wrote

Okay I will edit to 6k.