Stinky wrote: ↑
Wed Feb 20, 2019 9:48 am
I’ve discussed Boglehead philosophy with my adult children, and gave each of them a “Boglehead Guide to Investing” book.
Same, I actually shared my gift book from the Boglehead conference with my daughter. She's a teacher who was delighted to see that she amassed $10,000 in her first 401K plan in only 3 years--she had asked me to sit with her and discuss her investing options, then paid attention about index funds and low expense ratios. I believe seeing the power of compounding and matching in action made her a believer. She is quite frugal and one of the most exciting aspects of her upcoming cohabitation with a serious boyfriend seems to be how much it will save her in monthly expenses. That's my girl.
My son works for the federal government, is married to a high earning partner and they are a formidable financial team. He squirrels away the absolute max in his retirement options, she handles the household operating expenses and together they are now, as his accountant just told him 'on the poor end of rich'. Not bad for a couple of 30 year olds! He also has a fun fund for stock picking and he refers to it as his gambling money LOL. He just enjoys the game and doesn't risk much.
He and I have lunch together every few weeks and truly enjoy getting granular about strategies and plans related to finances. My husband, daughter and DIL may be BH by nature but they are not that interested in details so I'm lucky to have him around.
As for talking to others about Bogleheads philosophy or financial strategies, no I do not. Most people seem to operate with a very different financial world view and my experience has been that they not only don't really care or understand but that they are somewhat resentfully surprised if I mention any of my BH markers like paid off houses, financial independence etc.
It really is odd though because being a Boglehead is one of the few areas in life in which a natural inclination toward inertia and procrastination can work so beautifully. Check off the boxes on your 401K options list at the start of your first job, leave it alone/keep investing wherever you go and after 40 years you will be pleasantly surprised to have a potload of money....not sure why so few people take that path!
Actually I guess we should have a secret handshake and password: you flash 3 cents to represent the typical Vanguard expense ratio and murmur 'Jack says stay the course' so you know who's a coven member