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Small-Scale Question Sunday for December 4, 2022

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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  1. Employ them in your own business and have them contribute most of their earnings to an IRA, 1-3 extra compundings makes those contributions enormous. You can't contribute to an IRA without earned income though. For example in 45 years 10000 turns into roughly 250,000 at 7% cagr. In 60 years it turns into more like 700,000.

  2. Teach them how to cook nothing fancy just enough they won't be scared to read a new recipe and make it.