your first paycheck

[btc78]

kids nowadays are all about flexing on social media spending on lavish lifestyle even when they are still beginning my advice to most would be to save first and get into investing don’t let the flow of money go out find ways for your money to come back to you

the problem is that they receive their first paycheck and they purchase unnecessary items already like the latest phone, expensive clothes, eat in expensive restaurants

don’t do this if you want to be financially responsible

[_act_]

Do you know the meaning of kids? Everybody know the meaning of kids and it means young children. Have you seen kids or young children that are receiving a paycheck for the work done? No one will employ underage people to work for them.

There are truths in what you posted but it should not be about kids but it should be about everybody regardless of age, although young people under 30 years of age can have the mind of spending money unnecessarily, but that does not mean older people do not have such mind also.

[stompix]

don’t do this if you want to be financially responsible

And here we have it:
A signature campaign cheater and multi-account farmer telling us about being responsible and giving advice!
https://bitcointalk.org/index.php?topic=5564433

I wonder how some pieces of shit find the courage and the nerve after lying and cheating to give moral advice on how to do things to others, like they are the Virgin Mary!

Do you know the meaning of kids?

Do you think he has thought about it?

[Webutxo]

kids nowadays are all about flexing on social media spending on lavish lifestyle even when they are still beginning my advice to most would be to save first and get into investing don’t let the flow of money go out find ways for your money to come back to you

the problem is that they receive their first paycheck and they purchase unnecessary items already like the latest phone, expensive clothes, eat in expensive restaurants

don’t do this if you want to be financially responsible

You said kids, then let them be. We force children to be adult and that's wrong.

If kids are kids, allow them to be kids, they are still learning. It doesn't make any sense when we try to force adulthood on kids. If my kids love PS5 and they work hard to get it, thats fine. As long as they didn't steal money to get it. However, it doesn't stop me as a parent to teach them so they can be able to transition between kid life and adult reality.

Life is not about finance alone, touch some grass.

[Fortify]

kids nowadays are all about flexing on social media spending on lavish lifestyle even when they are still beginning my advice to most would be to save first and get into investing don’t let the flow of money go out find ways for your money to come back to you

the problem is that they receive their first paycheck and they purchase unnecessary items already like the latest phone, expensive clothes, eat in expensive restaurants

don’t do this if you want to be financially responsible

People can begin their working lifetime in all kinds of different ways, especially in the ruthless world we live in where companies use all sorts of tricks to get people spending. Sometimes companies can even start lending money to younger generations before they've even established a job - through poor financial checks (and lies on applications that go unverified). There's nothing wrong with just taking a breather and enjoy spending your first few paychecks on things that you want - you need to reward yourself for the hard work, don't necessarily thinking about saving right from the start.

[Kiddo15]

kids nowadays are all about flexing on social media spending on lavish lifestyle even when they are still beginning my advice to most would be to save first and get into investing don’t let the flow of money go out find ways for your money to come back to you

the problem is that they receive their first paycheck and they purchase unnecessary items already like the latest phone, expensive clothes, eat in expensive restaurants

don’t do this if you want to be financially responsible

It is hard to advise kids of this generation to live a modest lifestyle, what they see on social media makes them get peer pressure as they want to live their life in line with what they are seeing on social media, social media invariably affect their way of life and how they think, immediately they get their paycheck, the first thing that comes to their head is to visit a fancy restaurants and order food on high price, take a picture and posting it on social media with the name of the restaurant widely showing on the background for viewers to really see where they normally eat whenever they are hungry, this is done to get social media validation which typical different from a real life situation. Training your kids on this generation to live modestly and prioritize saving is a great task to do as a parents.

[Oluwa-btc]

kids nowadays are all about flexing on social media spending on lavish lifestyle even when they are still beginning my advice to most would be to save first and get into investing don’t let the flow of money go out find ways for your money to come back to you

What do you expect form kids who feels they are just living their lives as kids, however they should be guided properly about how to make reasonable financial discipline decisions but not in a manner that would make them see it as a threats or otherwise. I think the generalized term used kids should be shifted to the teens of the generation cause a lot of them are mostly involved in this, so letting them know how to be financially responsible will enable them deviate that mindsets of lavish spending.

[Agbe]

Since you used Kids, let's say kids are for flexing and not to do any tangible thing at that Stage. You call people kids base on your age. You might be at the age of 70s. And calling 30 to 50 years people kids. Because that is the age works on government parastatal and received payment from the work in a monthly basis. It is only those who have no responsibility do those things you mentioned. People that have family and caring for their families will not lavish their hard earned money to those places.

[dimonstration]

the problem is that they receive their first paycheck and they purchase unnecessary items already like the latest phone, expensive clothes, eat in expensive restaurants

It’s not a problem at all. They earned it for the first time of their life so they have the full rights on whatever they will do on that money.

I do give my full salary to my mother on my first job as giving thanks for everything she done for me when I’m studying. However, I’m not expecting my kids will do the same because I want them to enjoy what they will earn.

It’s just a bonus if they will help me. What important is they are already employed and earning.

[passwordnow]

We have nothing to do with them if they like to spend their money for nonsense things. We can apply our advice to ourselves and if they want to hear us what they should do and asks for that. Because if they keep on doing it, they're not listening to anybody and are only following themselves. Let them learn the lesson eventually because that's their lives and they'll soon see why people are so savvy with their hard earned money. And that's what they have to learn later on when they have seen how quickly they're spending their money to things they don't need.

[Gozie51]

the problem is that they receive their first paycheck and they purchase unnecessary items already like the latest phone, expensive clothes, eat in expensive restaurants

don’t do this if you want to be financially responsible

If you see an employer that has kids in his business working for them then that is child labour and that is an offense punishable by law. No country government will absorb such act against the child.

So I would expect that what you meant was either stipend given to children by their parents. In that light, I will say it is the responsibility of the parents to guide the children to behave in the way that is desirable. Children have the tendency to misbehave if they are not properly guided. Therefore the home front should do well to educate the kids about financial management. I know of some children who already have boxes where they keep monies given to them by uncles, aunties, family friends etc and they decide to save them up. They were able to do that because of the training given to them by their parents.

[Cryptomultiplier]

the problem is that they receive their first paycheck and they purchase unnecessary items already like the latest phone, expensive clothes, eat in expensive restaurants

don’t do this if you want to be financially responsible

If you see an employer that has kids in his business working for them then that is child labour and that is an offense punishable by law. No country government will absorb such act against the child.

So I would expect that what you meant was either stipend given to children by their parents. In that light, I will say it is the responsibility of the parents to guide the children to behave in the way that is desirable. Children have the tendency to misbehave if they are not properly guided. Therefore the home front should do well to educate the kids about financial management. I know of some children who already have boxes where they keep monies given to them by uncles, aunties, family friends etc and they decide to save them up. They were able to do that because of the training given to them by their parents.

Ever wondered why a family like the Rockafellas remained in wealth over generations? It is because the parents planned well for their children and this made wealth pass down smoothly from generation to generations.
Parents who have a poverty mindset and lifestyle of frivolities would often have no better advice to give their children because children learn more from observation rather than instructions.

The first salary in many African countries today is known as the first fruit and should be a sacrifice to the house where they worship like a synagogue or church or even mosque.
There's also the issue of learning how to make a good budget before spending and investing so as the keep the salary in constant flow instead of spending it all on frivolities and being broke and penniless before another salary week comes.

[coin-investor]

the problem is that they receive their first paycheck and they purchase unnecessary items already like the latest phone, expensive clothes, eat in expensive restaurants

The problem is their upbringing: if these young people are not properly guided by their guardians and not inculcated with the value of saving and planning for the future, they will be tempted by material things.

We live in a materialistic and commercial way of life. The youth are exposed to all these gadgets and a lavish lifestyle, but if they have a strong character, they prioritize their needs over their wants, so parents raise children who will value saving and their future.

[capokmerah]

I don't know what age range of children you are talking about.
OK, I'll just assume they are around 19-25 years old.
in that age range, I think it's normal for them to behave like that, especially for their first salary.
we don't know what they have or had before they came to work. it could be that the results they get are a gift for themselves.
Gradually they will understand how difficult it is to get a job, get tired of working and save money, although not all of that is what I mean

[Rruchi man]

the problem is that they receive their first paycheck and they purchase unnecessary items already like the latest phone, expensive clothes, eat in expensive restaurants

The problem is their upbringing: if these young people are not properly guided by their guardians and not inculcated with the value of saving and planning for the future, they will be tempted by material things.

The summary of what you are trying to say is that they lack financial education. Children who have been educated financially by their parents are wiser with how they spend money. Children may learn from their parents directly, through direct education and lessons, or indirectly from observing the spending behavior of their parents, that is, how they manage money.

A huge reason financial education is not given priority is because the subject is not treated as important, or the people who should be in charge of teaching children these things, like our parents, have no knowledge about it.

[Rhow]

kids nowadays are all about flexing on social media spending on lavish lifestyle even when they are still beginning my advice to most would be to save first and get into investing don’t let the flow of money go out find ways for your money to come back to you

the problem is that they receive their first paycheck and they purchase unnecessary items already like the latest phone, expensive clothes, eat in expensive restaurants

don’t do this if you want to be financially responsible

Your words are not entirely correct and we cannot completely dismiss your advice. If we want to be financially successful, we have to manage our money properly from the beginning. But this does not mean that we will not fulfill our needs.

We have to understand that when a boy/girl first starts earning money, he first fulfills his small hobbies. This time comes to all of us at least once in our lives. Each of us has some dreams in our lives that we cannot ask from our family. So when someone first learns to earn money, he becomes busy fulfilling those hobbies. So even if we want to, we cannot put pressure on them from the beginning. As they grow up, they will be interested in saving money on their own.

[YOSHIE]

the problem is that they receive their first paycheck and they purchase unnecessary items already like the latest phone, expensive clothes, eat in expensive restaurants

I think everyone has their own responsibility, in using money financially, in essence if we talk about the first salary, yes, we often choose to use it for purposes as the OP said, Of course they do that to have a reason to use the money.

In my place the first salary is often used to share, it has become a tradition among the community, the next salary is only considered financially, I think it's not a problem to spend your first salary on your own needs, the point is to consider it carefully and responsibly.

[whiteblue]

kids nowadays are all about flexing on social media spending on lavish lifestyle even when they are still beginning my advice to most would be to save first and get into investing don’t let the flow of money go out find ways for your money to come back to you

the problem is that they receive their first paycheck and they purchase unnecessary items already like the latest phone, expensive clothes, eat in expensive restaurants

don’t do this if you want to be financially responsible

The average person must be doing that for now because the spectacle of peacock on social media is a lot of flexing so it's not surprising why many young people do that after getting their first salary, they will represent their current era, you don't need to be upset soon they can learn if reminded in the use of money and think of the future, and you know the positive consequences it gives a better economic turnover, on the other hand negative on the other hand is also positive depending on your point of view.

[AprilioMP]

kids nowadays are all about flexing on social media spending on lavish lifestyle even when they are still beginning my advice to most would be to save first and get into investing don’t let the flow of money go out find ways for your money to come back to you

the problem is that they receive their first paycheck and they purchase unnecessary items already like the latest phone, expensive clothes, eat in expensive restaurants

don’t do this if you want to be financially responsible

You want to convey that the lifestyle of truly wealthy people does not necessarily reflect the appearance of genuine wealth, but rather, people who earn salaries comparable to employees often display a style of dress reminiscent of the children of CEOs from large corporations.

In my opinion, it is not entirely wrong for people to buy expensive items with the salaries they earn. They want to experience owning or using expensive clothes or other items that are of good quality and durable, so they only need to buy them once.
After that, they just use them without having to buy more, and they set aside their next salary for savings. Unless, of course, they buy new items every time they receive their salary to keep up with the latest trends.

[Fiatless]

kids nowadays are all about flexing on social media spending on lavish lifestyle even when they are still beginning my advice to most would be to save first and get into investing don’t let the flow of money go out find ways for your money to come back to you

the problem is that they receive their first paycheck and they purchase unnecessary items already like the latest phone, expensive clothes, eat in expensive restaurants

don’t do this if you want to be financially responsible

Allow kids to enjoy their youthful age. I bet you also acted like them when you were young. Allow them to make mistakes and learn from personal experience. I remember those days when I worked so hard because I wanted to buy a CD album of some of my favourite musicians. I could save for months because I wanted to buy a Timberland boot. They would never get younger, so allow them to explore the world. As they mature, they would understand financial management.

Anyway, parents or guardians should teach their children financial education so that they will not make mistakes that will affect them negatively in the future.