Quote:
Originally Posted by CliffFletcher
I can kinda see where those parents are coming from. Kids get a stupid amount of gifts for birthdays and Christmas. It's a real struggle to stop grandparents, especially, from spoiling grandkids today. And we've noticed that most of the stuff the kids get is looked at once and then discarded. It's extremely wasteful, and can lead to kids not valuing what they do get.
Still, there are probably better ways of addressing the issue. You can ask people not to bring gifts to birthday parties. Or you can have a one-toy-in, one-toy-out policy.
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I agree with that, and we would set aside gifts for the kids when they were young so they could open them (from the packaging) a few weeks or a month later. I wouldn't sell them to the kids though. It was more just a staggering of the gifts once they got them all so that they would play with them more and kind of appreciate them.
Quote:
Originally Posted by nik-
Make him open a investment account TFSA. Then force him to buy large market cap stocks with a reasonable dividend.
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You have to be 18 to open a TFSA.