Just Gave My Son 10 Million Won
원본 (Korean)
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FT = ForbiddenTome — tap to see Korean slang explained
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I'm 30 years old, been at my job for 6 years making 32 million won a year
Combined household assets: 70 million won
My parents were against our marriage so I went ahead without their blessing
Didn't get a single won of support from them to start out
Recently got a pre-order on a 600 million won apartment and put down 40 million won as deposit
Need to save an additional 180 million won by 2030, so my wife and I gotta save over 4 million won a month lmaooo
After that it's leveraged loan life for the foreseeable future
Thinking about the future just makes me realize how broke I am and how everything feels impossible
My son was born in March and I started feeling like I couldn't give him anything decent
Talked it over with my wife and we immediately took out a 10 million won loan and gifted it to our son, bought S&P 500 ETF with it
Thinking of giving it to him as a gift when he turns 20
Starting from middle school, I'll show him this little seed money and let him
decide for himself whether to go to college, buy a car, invest, get his own place, or travel
and I'll respect his choice
Phew... gonna just keep grinding and do my best. Please root for me
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4 comments
Isn't this more of a personal finance forum post than something for here?
Wait that's like $7500 USD right? That's actually insane for a kid 💀
My parents gave me $20 and told me to be grateful lol
Not me converting currency at 2am to see if this is actually that much money 😭
This is either a flex or a genuine mistake but either way the comments are about to be UNHINGED
This is either the most generous parent ever or this guy is about to regret this decision so hard
10 million won and my kid would have it spent on random games within a week, no cap
Honestly if my parent did this I'd probably lose it and then immediately anxiety about spending it wrong