your first paycheck

[Tungbulu]

Kids you said? Well I have never seen any kids flexing in social media those you think they are kids are teenagers (youth) and you are right the manner at which most teenagers are lavishing money is very bad, sometimes I keep asking myself that do they even realize the strength and effort it takes to make those money that they can't think of spending it into something that is more important? Or maybe they don't undergo stress which is why they spend it without looking back, but the earlier they realize what they are supposed to do with those money the better for them.

Some of those teenagers you see lavish money online actually make their own money, only that making those money doesn’t necessarily require much of an effort. What do I mean, most youths nowadays have gone digital and earning money online isn’t as tedious as earning money offline. Some of them can be on their laptops for 2 days and is already earning thousands of dollars which would ordinarily take adults working offline months to achieve, so yeah they don’t usually go through the stress that some adults go through to earn money.

[hmbdofficial]

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

Good and expensive lifestyles are not bad if you can maintain it. this kid you’re talking about today which I’m not sure for all but most I knw have ideas that turn millions into billions, so I'm of the opinion that knowledge is better than investment. What we should be talking about is the new money idea… they are on the socials showcasing good expensive lifestyles at the same time making a lot of money from those streams. I just think that you should consider this too.

[Gost ms]

Yes I completely agree with you. We need to plan to double our money first. As you mentioned, about 70% of us do this. They do not think that it is necessary to keep some money for themselves in the future. They always think that life is about expensive clothes and living like big people.

When a person has family pressure in financial matters, then that person is willing to save money and then his mentality changes a lot. Those who do not consider money as money may face a lot of danger in the future. So instead of spending money wastefully, save money or invest in Bitcoin for the long term.

[jcojci]

I will not let my kids flexing on social media or spending money to fills their lifestyle. That will makes their friends don't like it and envious while there will be problems between them that I may not know. I will teach them save money and use it to invest while I will direct them to invest in Bitcoin for their future. I will not let them screw their lives because of flexing or showing what they have to others because that is no use. If they understand my lesson, they will not waste their first paycheck when they works and will priority themselves first then others. They will fills their needs and prepare their future so they can manage their lives better.

[dunfida]

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

If this is your first ever salary or literally first time then its not bad on buying up on things that you've been long time wanting to buy or on the moment that you can be able to afford. Its not really that bad on rewarding yourself at least but we do know that everything is too much would be dangerous and if you do keep on doing such spending then if time comes or those circumstances like you have lost your work or being laid off then this is where you would be able to make out those realizations that you should have saved up for the rainy season. Actually its not bad to buy up something for you but always be considerate that not all the time we do have a job, or having a healthy body, or totally safe when it comes to emergencies. Always save up for those situations because once you do find yourself being prepared then you wouldnt be having any worries.

You should be that responsible and mindful when it comes to spending because just like been said that its always better that you are ready because if you dont then you would be finding yourself having that very big problem specially on emergencies. So better be wise when it comes to financial management.

[junder]

In my opinion it's not entirely wrong, today's children are growing up in a time where instant gratification and instant results are all around. Getting their first paycheck is a reward for their hard work, so it's natural to want to spend a little on themselves, I think the problem isn't spending the problem is not knowing the limits. It's not realistic to save all your money but it's also not right to blow it all, If someone buys something they like at the beginning and saves a little at the same time then there is both mental satisfaction and responsibility. The real balance comes only when you can manage the joy of life and future security together.

I won't deny that because I myself sometimes celebrate myself in a way that I like and of course it uses the salary that I earn, but the problem lies in the excessive lifestyle so sometimes there are children who are too pushy to be able to style according to the current trend and this should be evaluated and addressed, in my environment there are not a few people who borrow money to fulfill their lifestyle with my sister being one example, although I have tried to advise her but the influence of her friendship environment is stronger.

[Dave1]

In my opinion it's not entirely wrong, today's children are growing up in a time where instant gratification and instant results are all around. Getting their first paycheck is a reward for their hard work, so it's natural to want to spend a little on themselves, I think the problem isn't spending the problem is not knowing the limits. It's not realistic to save all your money but it's also not right to blow it all, If someone buys something they like at the beginning and saves a little at the same time then there is both mental satisfaction and responsibility. The real balance comes only when you can manage the joy of life and future security together.

I won't deny that because I myself sometimes celebrate myself in a way that I like and of course it uses the salary that I earn, but the problem lies in the excessive lifestyle so sometimes there are children who are too pushy to be able to style according to the current trend and this should be evaluated and addressed, in my environment there are not a few people who borrow money to fulfill their lifestyle with my sister being one example, although I have tried to advise her but the influence of her friendship environment is stronger.

It's totally different era, now everything is on social media, everything you do, others do are captured and it make this kids make money out of it. And so with that, they flex everything to get more views and of course money. But I have seen local kids here who become instant tiktok sensation and buy house for his mom and so there is a positive net effect of it.

But now all though, majority are all flexing and sooner or later if they don't save, that money will be gone. We all know that not everything is forever, there will be a time that you will lost all the luster and that money will all be gone. Hopefully, most of them have good financial adviser like the one that I mentioned and invest a home for his family to live when he is no longer famous.

[Altryist]

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

This indicates a low level of financial literacy, if teenagers and their parents are not taught how to handle money properly, they will do what they see around them, either spending money the way their friends do or copying what they see on social media, where total consumerism is promoted. New phones, new brands, and similar things are constantly advertised. But for teenagers to know how to manage money, I think it primarily depends on their parents. If parents do not teach them how to handle money properly, it will be difficult for them to manage their finances wisely in adult life.

[SquallLeonhart]

Doesn't really matter what kids do, they are kids, they can spend it all on ice cream if they want, as long as they are still kids, that's fine. The problem is that some adults do it too, and not like they are wrong, wanting the latest phone because you work 8 hours a day everyday is a small request, we should be able to pay people that much.

Top 100 companies got 2 trillion in profit, if they gave all their works 50% raise , they would have still made billions in profit. We should be able to give people want they want, instead of thinking about what shareholders would want.

[junder]

It's totally different era, now everything is on social media, everything you do, others do are captured and it make this kids make money out of it. And so with that, they flex everything to get more views and of course money. But I have seen local kids here who become instant tiktok sensation and buy house for his mom and so there is a positive net effect of it.

But now all though, majority are all flexing and sooner or later if they don't save, that money will be gone. We all know that not everything is forever, there will be a time that you will lost all the luster and that money will all be gone. Hopefully, most of them have good financial adviser like the one that I mentioned and invest a home for his family to live when he is no longer famous.

Of course I have a positive side too from the things we do, also I also believe everyone has their own path. In my neighborhood there is someone whose job is an affiliate and yes, every day he gets money and I don't even think it's a salary because he always makes money by utilizing the current technological developments that are developing well. So there is still a positive side if it is done well.
The problem is that only a few people are like that, most of them just want to meet a high standard of living but not according to their abilities, it doesn't matter if they have their own salary but still excessive spending is not good.

[Zackz5000]

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

No kid doesn't that they are always under the control of their parents, you can say young guys like from 15 years to 30- 35 most of the young guys you see spending lavishly didn't suffer for the money and most of them never also expect to see such money  you can't see some body doing business who has suffer before to live such an expensive lifestyle. To be financially stable is to have different sources of income, investments then there is a level you get to you can live any kind of life you want because there different things that generate wealth for you.

[Finebone]

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

Are you going to blame them?
This is a normal thing that goes on even within adults that has not been exposed to such a power or money, but after sometime, life or situation will taught them that they were behaving immature or they got intoxicated by money or power, so I don't see anything new here.

When I was still a kid, if I was given a few box of cash that is above my level then, what I always do is to spend it lavishly on candy and toys, but right now, I have outgrown such a mindset and behavior because I have grown and life has taught me so many things especially on how to control money and not letting money to control me, so I am confident that once growth sets in, this wouldn't be a thing  of discussion again.

[rezakurnia66]

Its normally for the kids flexing on social media exactly after purchasing most expensive mobile phone like iPhone, luxury smart watch, expensive dinner with their girl or boy friend. I don't think the kids have ideas or initiative for investing money in stock and bitcoin because normally every people at the young age most existed with flexing exactly get it obtained from one's own work. I believe many the kids nowadays have trend with flexing how their friend already show off at the group and the other kid will do it exactly most of them come from the rich parent.
I think kids still young not know well about investment just few kids only lack relationship with their friend most priority for investing than purchasing something not really worth it yet.

[lizarder]

This indicates a low level of financial literacy, if teenagers and their parents are not taught how to handle money properly, they will do what they see around them, either spending money the way their friends do or copying what they see on social media, where total consumerism is promoted. New phones, new brands, and similar things are constantly advertised. But for teenagers to know how to manage money, I think it primarily depends on their parents. If parents do not teach them how to handle money properly, it will be difficult for them to manage their finances wisely in adult life.

This is what happens now because sometimes parents think their children can adapt, not based on the literacy they are trying to build, so that children are accustomed to living more frugally. If children aren't taught how to manage their finances properly, they won't be effective and they often rebel against their parents if they want something they can't afford. Nowadays, teenagers are spoiled by their parents and they even give them cell phones which they shouldn't need.

Parents often think practically, but never consider the long-term consequences. When children are pampered and not taught to manage their finances responsibly, much bigger problems arise when they marry and have children. They are unable to take responsibility and are unaccustomed to living independently with their families and children, this is a common occurrence today.

[GiftedMAN]

I will not let my kids flexing on social media or spending money to fills their lifestyle. That will makes their friends don't like it and envious while there will be problems between them that I may not know. I will teach them save money and use it to invest while I will direct them to invest in Bitcoin for their future. I will not let them screw their lives because of flexing or showing what they have to others because that is no use. If they understand my lesson, they will not waste their first paycheck when they works and will priority themselves first then others. They will fills their needs and prepare their future so they can manage their lives better.

If your kids work to make their own money aside what you give to them tell me how you will succeed in stopping them from spending money and doing certain things on social media if you do not stay with them ? You can succeed in making them to invest their money if you have a strong hand over them and you trained them to respect and value every word spoken out of your mouth but if you are a father that enjoys flexing while your kids were glowing up you will not succeed in stopping them to flex and spend on their live style.

[acener]

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

I don't see any problem on treating their self on their first paycheck, let them enjoy or be proud of it.
They work for it so they should enjoy it, they just need to be guided on how to manage their money but I don't see any problem on celebrating on their first salary it is their achievement.

[goro_chief]

I believe that young people will sooner or later learn their lessons the hard way, although I would be much happier if they could learn through play and thus not have to suffer so much. Perhaps that is the ideal future we can all share.

[Y3shot]

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

And this is why they are called kids: because they do not understand life. All what they think about life is to have everything be the best. Kids don’t really have that understanding of money; they just spend money on things they fancy. It is the duty of parents and guardians to direct and teach kids what life is all about, and as they learn, they grow with it.

I don’t really blame kids who spend wisely because they do not have the understanding to handle money well, but as one becomes mature, they get to learn how to be disciplined in managing money and to make use of it for the future.

[Cookdata]

Yes I completely agree with you. We need to plan to double our money first. As you mentioned, about 70% of us do this. They do not think that it is necessary to keep some money for themselves in the future. They always think that life is about expensive clothes and living like big people.

When a person has family pressure in financial matters, then that person is willing to save money and then his mentality changes a lot. Those who do not consider money as money may face a lot of danger in the future. So instead of spending money wastefully, save money or invest in Bitcoin for the long term.

How much money did you double last year if we are been real? It's norm to make people see the good side of investment, you can't earn and spend everything without a solid investment but then, the world doesn't revolve around investment alone. People do things that makes them happy, if it's your momeh you have every right to live it like you wanted. We need to let kids be kids, it's not even good when you allow kids jump the phase of teen life.

Life will be boring when we think all alike, there are people that preferred to work under another person than hulls their own investment portfolio and if you ask them they tell you they don't want to take the risk because they know the risk involved and how their employee struggle to make their own work. I believe when they get to the stage where they will make their own investment, they don't need to be told. Life itself is a big reminder that you need somethings.

[bhadz]

In any culture, I think that it's very normal for a young professional to spend their first pay check to treat themselves. When I've worked when I was young, I haven't spent it on any luxuries because I've been taught that I need to be patient and keep that money first. And it's harder to earn money than to spend. Because spending it is easy and can happen in a day with all of the work you've done for a week or two or even a month. It won't even take a sunset before you can spend all of what you've worked for. So, it's wise not to spend everything and it's okay to treat yourself some nice food or clothes or anything you need but don't spend all of the money you have earned.