My dad did well for himself working in the trades, and being thrifty and saving a lot. He certain out could have, but his philosophy was generally “you cherish what you work hard to buy or build”, and instead of providing money he provided guidance on how to budget, how to save, etc. I received no help with college or house purchase, and I am grateful for it.
As an example, at around 10 years old or so, he sat me down every month to go through budgeting, paying the mortgage, etc. He showed me how to make basic models that showed the benefit of various length mortgages assuming certain house appreciation percentages per year, and showed me the danger and the benefit of leverage.
As an aside, he never finished high school and worked a skilled manual labor job that combined hands on mechanical and basic electrical engineering, and still can’t spell for shit.
Through him I met many people with similar backgrounds, which formed the basis for my worldview of “the trades” being a great option for smart people, college not being the only route, etc.
As an example, at around 10 years old or so, he sat me down every month to go through budgeting, paying the mortgage, etc. He showed me how to make basic models that showed the benefit of various length mortgages assuming certain house appreciation percentages per year, and showed me the danger and the benefit of leverage.
As an aside, he never finished high school and worked a skilled manual labor job that combined hands on mechanical and basic electrical engineering, and still can’t spell for shit.
Through him I met many people with similar backgrounds, which formed the basis for my worldview of “the trades” being a great option for smart people, college not being the only route, etc.