My son recently took his parents up on a promise that transferred wealth between generations without wasting any on extravagant celebrations. What this means is:1. Mom long ago said to all the children - I will pay 10K to each child by the age of 30. You can spend it on a wedding, down payment on a house, or just rent - but that's all you are getting.2. Dad said, at older son's wedding (after a glass of wine or 2) - "I'd give anything not to go through this again." Younger son listened.Younger son eloped in situ and recently had a wedding celebration. He also reminded parents of former promises.So, over the last weekend, we had my version of the perfect wedding celebration. Well, they were just darn lucky with the weather - 70 degrees, sun shining. Anyway - in a park gazebo - burgers (chicken and hot dogs) on the fire. Potluck - so waay too much food. People moving from this group to that. Families and friends on both sides mixing. Very casual (both of the celebrants' mothers were wearing jeans). Grandmother was wearing her all-cotton outfit from COSTCO. It was fun! It wasn't stressful - even for all us introverts (and there were quite a few). Started at about 12:30 - ended about 4 pm. Everybody helped with the cleanup. It was neat! And the cost was no more than any other "picnic". All that money saved for a down payment on a house. Plenty of memories - in fact, just as many as you would have if you had spent $50K - but no credit card bills. So mom is proud - and the young'uns don't have wedding debt. And well on their way to RE - becoming a family tradition.arrete - and to all you guys reading this that hang out across the street from the "Big House" with my son (and I know you read this board) - take this as a lesson as a way to get that down payment. Of course, you've got to get the "girl" first. And if you were there Saturday (I lost count of where people were from) - didn't we have fun?
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat