Sure did started with bike then mini bike.

x2 and the bond market like TLT and BND

Financial education is the best investment. That jeep will be fun for her but horrible investment losing over 60% of its value in 5 years. I wanted nice newer vehicles when I was younger also and am glad I grew out of that. Like you said her money. But there is a difference between guiding and trying to talk into.

She is learning to work and save so a huge win and way ahead of 90% of all people not just kids.

The new generation will make the right choices today, just like we did when we were younger. Things are different and many for the the better! No crystal balls then or now. Sometimes not doing what the flock does is the way to go. Thank God for America were all us brother trappers can express our opinions.

I don't value shiny things Especially when the value falls fast and shiny dulls with age and desires change. Guess it's knowing humans are never satisfied long. They get what they think they wanted and are soon not
satisfied and wants change Especially when young. In 5 to 10 years when that jeep is no longer valued in either desire or worth anything she will look back and think man I'm glad I bought that spending so much time and effort working for something no longer of any benefit or value I'm sure.

Or would she feel more proud of herself buying a nice used vehicle 5 years old and investing in something making 10% and still having something of growing value to show for her time and effort? This is where guidance come in to play.

Letting a barn fall down is loosing a valuable asset and also poor decision the same as letting your roof leak.

I know you have insurance to protect your investments. But you can't insure against the worst instant loss in value purchase there is of a new vehicles. May as well just burn the cash.

When I plan and invest its in things that go up in value or at least hold value. Vehicles to me are a tool to provide transportation. I look for the best value that meets my needs not wants. They are necessary but a liability not an asset. So I want the least amount of money in liabilities


Now if feeling, wanting to give off an image, are are what's important to you sure blow your money. Wants to be the cool grandfather and tell her what she wants to hear instead of letting her know it's not a good investment Especially so young with high insurance cost and likelihood of her having a few accidents have at it.

It's her money but I can't believe you would stand by and watch her blow it any more than letting her on your boat without a life jacket.

I let my kids spend their money how they want but tell them the good and bad and give recommendations. Then stand back and watch their decisions play out and if they learn from them. Guidance. They don't know I'm watching and thinking about how they will Handel my money when it is theirs. Will they blow it or will my great grand kids still have it and benefit from it? I'm determining who gets how much based on their behavior. The responsible will get the most. My daughter saves and has an investment mind set. My 14 year old son is a saver and thinks a lot about how he can make money like buying mowers and mowing yards.
My youngest son now that boy spends money. They are young it's interesting watching them develop.


I know all the money I spent on newer trucks and accessories when I was young was wasted and I would be in much better shape had I invested it and drove older vehicles. I hate watching other do the same. Sadly a huge % of adults never learned that.


No one gets in a boat without a life jacket that's not negotiable.

Edit . On the other hand like I said she is working for it learning to run a business and saving so way ahead of most Americans including adults who would finance the jeep.

So also a learning experience like I had frome buyinga truck that lost so much value after working so hard for it is infact a wonderful life lesson when young.

Just like buying stocks it only looses if you sell it or heaven forbid total it. Odds are she won’t buy a brand new one. But if she has it to spend it It’s hers.
But on an ending note. I’m going to enjoy the wealth my wife and I have made. All my heirs are set better than I was when I started. ZERO debt. I have everything I need plus mist of the things I want
Most work so they can live. But some just live so they can work. Enjoy your day

“Don’t chase the MONEY. Chase the FREEDOM that MONEY brings,,,,”

Best advice I was ever given at a young age,,,,

Lots of different ways too do it

Investing and entrepreneurship are different, but both work together to achieve the same goals

Sounds like your in a great spot as I have always thought.

But vehicles loose value weather you sell them or not except for collectors cars. You confused taking a lose by selling stock when it's down and not waiting for it to go back up with a vehicle that goes down in value and won't go back up. With every mile vehicles get more wear closer to needing repairs and value drops. That value droping does slow it's speed as they get older. They loose 60% in the first 5 years.

Myself I work because I enjoy working. Doesn't matter if in at my job, home on the farm or volunteering time with 4 H, church, or helping others out(like cutting fire wood for friend with stage 4 cancer) I'm normally doing some form of work. I don't sit around much.

Entrepreneurship to me is one of the best methods of investing your investing in your business not someone elses. Sure its not passive but it's building wealth and has the best tax advantages.

Correct

And J bird and his granddaughter have had a good idea put it into action and become successful with great profit margins in an incredibly short time . I can't think of anything better to invest in at all or anything as good. Beyond the obvious financial gains the life lessons learned before 20 have the biggest impact on shaping who we become. His financial backing ,time investment and support doing this with his grand daughter will have such a great impact on her her entire life. She is a truly lucky young lady to have him.

Two ranches paid for my investments are secure, plenty of food and open space. Took me most of my life to get there and lots of hard work mostly 7 days a week but life is good.

I said he could not 0pen one on his 0wn he would have to have an adult help him. but please if you no a brokerage that will allow someone under age to open one up .please name it said my key was stuck sorry it bothers you so much.none of this matters next time he post he will want to be a long haul trucker.

J I guess they do licens plates and insurance different in KY. Those 12 years DiFranco in Indiana will be at least a few hundred more for the newer one on lice s plates and the auto insurance will cost quite a bit more because they will total out a vehicle based on its book value instead of paying more than the book says its worth to fix it. More liability highter potential cost to fix = higher premiums. So young with less driving experience is more expensive also and more expensive


So in Indiana that 12 years difference will cost you at least an extra $600 if you want to pull it out of the drive way onto the road. I so believe I remember reading KY licens plates were a flat cost regardless of vehicle so that may not be an issue for you but I'm beting insurance cost Will be more regardless.
] Edit left this out and it's the biggest cost!
You/she will loose 50 years of potential growth in investments she didn't make because she spent more on her vehicle] every dollar spent has a cost some cost more than others from hidden cost to missed opportunities.

Considering I hope to be retired in 12 years from my off farm job if the place stays open that long and I don't see it likely to have grand kids before that I should have plenty of time with them. But like I always say things never go as planed so....