My 16 year old cousin from the " I wanna be rich like you post" turned 17 yesterday and to celebrate, we had small family gathering for dinner at the restaurant where he works. It was a very nice dinner and I got to see some family I had not seen in awhile.
I got him a birthday card with a $25 gift certificate. He also got me a card. At the end of the dinner, he presented me with the card. Inside was a "Thank You" card and a copy of his savings account statement. He has managed to save up a total of $1000!!! I was so impressed! He does not like it when I give him a regular hug and prefers a man hug (you know, the handshake and a pat on the back) but I could not help it and gave him a regular hug anyway. He said that thanks to me, he is starting to save more and more money. He no longer thinks that he needs to "wear" his wealth.
I told him that I was VERY proud of him and asked if he was going to continue to save. He said his next goal is to save $2000.
I asked his mom later if she told him to do it and she said no. He asked her to make a copy of his bank statement and when she asked him why he said he wanted to give me a copy to show me how well he has done with saving his money.
I am so proud of this kid. I guess we have a special connection as I used to babysit him when he was little. I always joke with him that I had to change his diapers and now he is taller than I am.
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What an awesome story. It's an amazing feeling when you know you have helped another person in their life. I have a warm fuzzy right now. :) Thanks for sharing.
What a fantastic story, thank you so much for sharing it!
It's a moving story. You did a great service to your cousin and his parents.
Once he saves enough for investing you should teach him a few things about how to invest (don't let him "gamble" on Wall Street).
If I had a cousin like that I might be tempted to give him $500 as a start-up capital or play a game, like letting him "manage" $500 dollars for me in the market, with strings attached, so he can learn to invest and be responsible about investing.
@Patrick - Yeah, I almost shed a few tears but I had to "man up" LOL.
@debtdieter - Thanks for reading.
@Mr S - That's a good idea. Thanks.
That is amazing!
The next millionaire in the making. =)
very impressive - I can't, for the life of me, get my younger brother who is 20 to figure it out. There is just no good way around it I thought, but you've proven me wrong!
@chitown - When he is a millionaire, I hope he doesn't forget me.
@hank - Just keep trying, maybe he will come around.
Bronx Chica- loved the post and congrats on your cousin's saving! Thanks for the update!
that's great! it's cool to see the impact you have on those close to you. i'm sure you'll be seeing more of this kind of thing. i always get encouraged hearing people's success stories as well.
How inspiring! I hope I can infuse the same lesson into my 18 year old brother.
Wow, that's fantastic that your advice got through to your cousin. It'll definitely help him in the future.
@Green Panda - I surely hope it helps him. Maybe when he is my age, he will be in a very good place financially.