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Author: Ceberon Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5069  
Subject: Frustration from talking to others? Date: 10/21/2004 3:54 PM
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I've gotten extremely excited about everything I've learned here at the Fool site (and everything linked from there as well). I've learned about how saving money now can turn into a large amount of money later. How cutting your costs now can let you save more, and need less in the future. How to invest the money you do save so that it turns into more, rather than sitting in an account. How earning more at your current job (even if it's slightly boring) will allow you to get FI so that you can do whatever you feel like for the rest of your life.

Knowing all these things makes me want to help those I love. My parents, my sisters, other relatives. I feel as if I suddenly have had the blinders taken off, but everyone else is bumbling around. I hear things about how most of someone's money is in CD's (retirement money for someone), my parents give almost all their retirement funds to a broker who's churning around 15% of their money every year through different high cost funds. Etc etc.

I start to try to help, but so many people are almost afraid to touch their money. They know that CD's are safe, brokers know what they're doing, you have to work until you're 65, etc etc. It's hard when I know there's much more out there if you take the time to look.

I'm hoping to get through to my sisters. One of them is graduating soon, but she says she has no interest in a high paying job. She says she can live off $20k per year, so she might become a tour guide or something (she's a Biology major with Environmental Science as a minor). I'm hoping to convince her that a slightly more boring job in a job that pays 2-3X as much might be not a terrible idea. She could at least try it for a few years and put some money away. Fun jobs are great, but there are always tradeoffs and I want to make sure those I care about understand the choices.
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