Originally Posted by AbdRahim
I have an acquaintance whose son referred to his Mercedes as our Mercedes. He was quick to remind his son that it was his Mercedes. .He worked for it and paid for it. .when was ready to get rid of it, and his son showed interest, he offered to sell it to him at book value.nHe taught his son well and his son has since learned to earn and pay for the things he wants. Good lesson. ?I wish more of today's society would learn this lesson. I always encouraged my parents to spend their money on themselves and enjoy the fruits of their labor. I think you should do the same. You raised your kids and paid for their youth. Should you leave them something? Probably. Should they assume they have a right to your money? Absolutely not! Happy motoring.
I know this is supposed to be a positive story, but the big thing I got from it was that the father sold his used car to his son at book value.
I would hope my son realized that you can buy a car well below book if you look carefully. I teach my kids that buying at retail is okay, but you can almost always get a better price with just a little effort.
As for the rest, yes we should all pay our own way, and be responsible for our own decisions.