Obligatory
And everything about this pic is true.
To be fair.....
Old days
- Kids, your parents and your grand parents immigrated here at the end of WWII. We had little, but have done our best to raise you guys in Canada or the US. We had blue collar jobs because we didn't get a chance to go to college/university like you. Save your money for a rainy day
- Ok kids, what do you want to do this year? You can pick one sports league or activity
- Had fun spending time with friends and family going bowling, to the movies, camping, playing street hockey,
- Vacation time gang. Everyone get in, we're doing a road trip to the nearest amusement park, or we'll go camping
- Whew. Home only costs $100,000. But fuck, the mortgage is 14%!!!
- Fuck, the phone company wants to jack up our rates $2/mth
- Hey everyone, I might be getting a new car. What do you think of this cheap Ford or brown station wagon with wood trim? About time I upgraded to a new car at the age of 35
- Time to buy clothes kids. Let's all to go the mall. Let's see what I can buy for everyone with $100.
- Is everyone hungry? How about a treat? I'll pick up some take out or pizza party for the family!
- Just a tip for you kids growing up. The amount of mortgage you qualify for depends on your disposable monthly income. If you want to get more mortgage credit, pay off your debts, and try to have a small month car loan. This way it makes it look like you have lots of spare income per month, so the bank will give you more mortgage. We spent what we had and didn't get our first credit card until we were in our 30s
- Kids, if you want to save money and stick it into assets, try not to rent. If the costs are pretty similar per month between renting and buying, buy the property
- Hey, if you want to buy a home or car, thing might have changed since we were young. But the internet should have all kinds of articles and tips to show you what to do. The government has surely changed policies and there might be first home owner grants and such
Now
- Kids, it;s all about having fun and living for today. That's what credit cards are for. Everyone will give you one. Why reach 65 years old with a stash of cash? Enjoy life and if you're broke at 65, that's what welfare is for
- Ok kids, what do you want to do this year? Hey Mikey, be quick because your sister has already shosen her picks......... soccer, gymnastics, piano lessons, etc..... You can pick a maximum of 5
- Have fun spending time with friends and family eating out every day, Starbuck runs, expensive iPhones
- Vacation time gang. Hey, let's all go Mexico or Carribbean. Cool.... never been, what's it like? We;ll I'm 25 and have been to Mexico 6 times, and did trips to Europe 4 times already. Before I'm 30 I want to make sure I've been to every continent
- Whew, The home costs $500,000!!! But the mortgage is only 3%
- Fuck, cell phone phone rates now $80/mth, and Apple and Samsung want to increase the price of their new phones to $600. But I'll do it
- Hey everyone, I might be getting a new car. What do you think between a BMW, Mercedes or this awesome balck fully loaded SUV? Can't decide as it ranges from $50,000-70,000. I want to make sure I have a nice ride before I'm 30
- Time to buy new clothes. I hope I can find nice Nikes or another black shoe to add to the 25 I already have (women's). My budget is $150-200
- Is everyone hungry? I'm not. I ate out for lunch, did Starbucks on the way home. Not sure when I'll pick up dinner tonight
- Does anyone in the family have an financial tips for me? I have a monstrous student loan due to going to a school I shouldn't have, I'm 22 and have 3 credit cards already with tons of loans on it, and I have no clue what to do to get a mortgage
- Kids, It's easier to rent. I'll call the landlord if there's a problem. I'm willing to forgo property appreciation in return for less homeowner responsibilities
- Can someone just verbally tell me what to do to help me with finances? I know the net has lots of info, but I'm too busy doing Snapchat and Fortnite