John Deloney
đ€ SpeakerAppearances Over Time
Podcast Appearances
By month, what would we need to start saving now that would get us that amount of money?
You want a car when you're 16?
You're 12 now, so that's four years away.
Let's say we want $20,000 for a car.
What would we need to start saving now?
So creating long-term sinking funds will teach him at a young age, like, okay, if I want something big, like college, like a house, like a car, I got to start planning now for those things when I get there.
You've won, Carlos.
You've won.
Yes.
I think I heard Dave say this once, that one of the greatest tricks the government ever pulled was the automatic tax deduction, that if every American had to write a check every month for their taxesâ Show up at the tax office and hand over a check or cash.
We'd be paying a lot more attention to what the government spends.
We'd be throwing some tea in the harbor again, I think.
Correct.
So you want to change culture?
You want to create a generation of libertarians?
Have your 12-year-old start making some money and saying, oh, you made $5,000 this month, $2,400, not yours.
Like, why not?
Well, you know.
Ouch.
We got to keep these pet projects going.