What would you tell your kids to do for a living?

[PaperBagger'14]

Originally Posted by Sliver

When my kids ask me what they should do when they finish school I'm going to tell them to invest money and retire young.

Genius-level advice, right there.

Tell them to invest $20 every paycheque, then at 5% interest and 40 years later they’ll have $40000 in the bank and have to work until they die.

It’s what every parent wants for their child.

[Shazam]

Originally Posted by flames_fan_down_under

People can excel in so many different fields.

With the lack in good workers these days, possessing simple qualities will open up a lot of opportunities and help them stand out. Reliability, being coachable, eager to learn, and not being afraid to take on additional responsibility will serve them well. Really at a core level, work-ethic is crucial. If you show up on time, consistently and work hard you will likely stand out. If someone is competent they can do well in most fields. Granted some fields are suited for people with very unique skill sets, like Anaethesiology, or being a pro athlete. But most people that do fairly well in their roles are not that special, they just showed up, worked hard, were open to learning, and learned from their mistakes.

I'm on a contract with a gov't and literally every meeting is every employee trying to dodge work.

[flamesfever]

ln my experience it's usually the self-initiating types of young people that stand out and become most successful. There are usually a small minority of young people in this category, and many grow up on farms.

One example would be in setting up a campsite. The self-initiator would be cutting tent poles and setting up the tent without asking, while the non-initiator would be standing around waiting to be told what to do in infinite detail. and even if he was given a chance to help, the situation could soon become a disaster.

Another example would be when fixing something with the self-initiator watching it being done. The self-initiator would be anticipating how he could assist without asking, while the non-initiator would have no inclination to assist whatsoever.

[fotze2]

Originally Posted by Shazam

I'm on a contract with a gov't and literally every meeting is every employee trying to dodge work.

That's what I tell my people. The ting the regulator is afraid of most is work, so have the most detail (to a point) to avoid them the monumental task of asking for more information. Do not give them additional work because they will put you through the ringer.

[Locke]

Wait...wait...

Have we not mentioned 'Hookers and Blow?'

Because...if you can swing that for a living you've got to at least consider it.

[Nancy]

National youth unemployment rate for "returning students" reaches 20.1%, matching highs of 2009 and 1999.

https://www150.statcan.gc.ca/n1/dail...50606a-eng.htm

[Strange Brew]

Software engineer.

[Torture]

Originally Posted by flamesfever

One example would be in setting up a campsite. The self-initiator would be cutting tent poles and setting up the tent without asking, while the non-initiator would be standing around waiting to be told what to do in infinite detail. and even if he was given a chance to help, the situation could soon become a disaster.

Wait, why are you taking a saw to my tent poles???

[Titan2]

Originally Posted by Locke

Wait...wait...

Have we not mentioned 'Hookers and Blow?'

Because...if you can swing that for a living you've got to at least consider it.

dude. being a hooker is a really bad job. nasty work, bad people, diseases, drug abuse. I can't believe you would suggest this.


I guess it is still better than being an accountant.

[Titan2]

I just bought both of my kids a book called Psychology of Money. A very good book that looks at risk, choices goal setting then implementing. If you can get them to read it it is very beneficial regardless of the job. Very wealthy barber-ish but modern and talks more about the psychology, obviously.

Tl/DR Compounding works.

Highly recommend.

[bizaro86]

Originally Posted by Strange Brew

Software engineer.

I wonder about that one. Seems like one of the careers with bigger "got replaced by AI" risk.

[The Fisher Account]

Originally Posted by Titan2

I just bought both of my kids a book called Psychology of Money. A very good book that looks at risk, choices goal setting then implementing. If you can get them to read it it is very beneficial regardless of the job. Very wealthy barber-ish but modern and talks more about the psychology, obviously.

Tl/DR Compounding works.

Highly recommend.

I really liked how they highlighted about WHEN you are born/enter the workforce affects your earning potential.

[Slava]

Originally Posted by Titan2

I just bought both of my kids a book called Psychology of Money. A very good book that looks at risk, choices goal setting then implementing. If you can get them to read it it is very beneficial regardless of the job. Very wealthy barber-ish but modern and talks more about the psychology, obviously.

Tl/DR Compounding works.

Highly recommend.

Morgan Housel writes some really great things, and it's really interesting. He has another book called "Same as Ever" which is really good, also.

He also has a new book coming out in the fall that I'll read for sure.

[Strange Brew]

Originally Posted by bizaro86

I wonder about that one. Seems like one of the careers with bigger "got replaced by AI" risk.

Hmm… I think more that they are the ones designing and building AI algorithms and systems.

[undercoverbrother]

Originally Posted by Titan2

I just bought both of my kids a book called Psychology of Money. A very good book that looks at risk, choices goal setting then implementing. If you can get them to read it it is very beneficial regardless of the job. Very wealthy barber-ish but modern and talks more about the psychology, obviously.

Tl/DR Compounding works.

Highly recommend.

I'm sure if I read that book it would be the exact opposite of what I have done.

[bizaro86]

Originally Posted by Strange Brew

Hmm… I think more that they are the ones designing and building AI algorithms and systems.

Some will be the ones doing that, and those ones will make bank. But at the lower end some of those jobs will get replaced. Definitely higher risk/higher reward than it used to be.

Originally Posted by Slava

Morgan Housel writes some really great things, and it's really interesting. He has another book called "Same as Ever" which is really good, also.

He also has a new book coming out in the fall that I'll read for sure.

I really didn't care for "Same as Ever". I found it pretty derivative - like it was written by that guy at the party who thinks he's really smart but actually is just loudly talking out his ass. Imo he comes off as having Dunning-Kruger effect and then writing a book for finance people.

[Titan2]

Originally Posted by undercoverbrother

I'm sure if I read that book it would be the exact opposite of what I have done.

You and me both. The idea was to not have them following in my ####ty footsteps.

[Strange Brew]

Originally Posted by bizaro86

Some will be the ones doing that, and those ones will make bank. But at the lower end some of those jobs will get replaced. Definitely higher risk/higher reward than it used to be.

I feel like this applies to 90% of knowledge workers today. If you're not good and progressing rapidly, you're at high risk of being automated or offshored.

[Slava]

Originally Posted by bizaro86

Some will be the ones doing that, and those ones will make bank. But at the lower end some of those jobs will get replaced. Definitely higher risk/higher reward than it used to be.



I really didn't care for "Same as Ever". I found it pretty derivative - like it was written by that guy at the party who thinks he's really smart but actually is just loudly talking out his ass. Imo he comes off as having Dunning-Kruger effect and then writing a book for finance people.

Well, I like his stuff for the most part, but I can see where you get that. I don't agree with everything he has to say, and having seen him speak several times, he's good but fairly simplistic on some points. Ultimately, he's a journalist, so he writes similarly. Some of the things he writes about that are the most interesting to me are historical situations, not so much about finance.

[bizaro86]

Originally Posted by Slava

Well, I like his stuff for the most part, but I can see where you get that. I don't agree with everything he has to say, and having seen him speak several times, he's good but fairly simplistic on some points. Ultimately, he's a journalist, so he writes similarly. Some of the things he writes about that are the most interesting to me are historical situations, not so much about finance.

I read it because lots of people I respect recommended it, so you're probably in better company than me on this one anyway.