Man Wants To Know If He's Wrong For Showing Favoritism To His Daughter And Financially Hurting His Son
Investment choices involve committing financial resources at various times with the hope of earning money in the future. Alternative revenue sources that are accessible for investment must be chosen.
As a result, choosing to acquire real assets over time through a productive process is a consideration in investment choices. If the venture is well-planned, people can still get impressive returns even with limited resources.
Managers must anticipate and assess the risks involved in order to prevent losses. In today's story, we can say that the OP acted as an investment planner for both of his kids.
The OP is a father to 17-year-old twins (a boy and a girl), but he and his wife are divorced. When the kids were younger, the OP gave them the option of receiving an allowance.
They could either spend the money on what they wanted to, or the OP could walk them through investments and savings. They both agreed, and the OP started to show them how to go about it and the risks involved.
Sadly, the boy lost his money in a risky investment while the girl got returns. Now it's time for college, and the boy can't go to the college he desires because of funds.
Keep scrolling to read the entire story in the OP's own words.
The Headline
The OP gave them the option of an allowance when they were younger
The OP's daughter has saved up more money than her brother
The OP's son is upset because he can't go to the college he wants
He would have been able to go where he wanted if he saved
To summarize the whole story...
The OP would also like to add...
Another edit to further explain things
The reddit post went really viral as it has 5.8k upvotes with 3k comments in less than 24 hours of being posted
You -ave a choice of helping your kid get a start
She saved hers and he squandered his
Have him learn with some of the money from paychecks
It's a shame you cants just divorce your son
We see who's really got a favorite here
That was incredibly irresponsible parenting
OP is blaming his son for making wrong financial decisions
Not that he deserves more money or anything
You proposed the idea of saving and investing to them
You've put a lot of unnecessary emphasis on your daughter
He's not in as good a position as the sister
You are walking a fine line in the lesson you're teaching
You should have taught him how to save
The time has come to pay the piper
Investment decisions are important for an organization's development and profitability because they affect cash flows and often have long-term effects because they are often irreversible. The OP was right for introducing his kids to investments and savings but should he really neglect his son now?
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