12.22.2024

Win-win

At the end of last summer, the world's most perfect teenager pestered me to let him get a part-time job after school, something I opposed. The reason for my opposition was and is that I don't want anything to interfere with his schoolwork, he needs to put all his focus and time into studying to get the best possible grades.

We solved the problem by establishing a written contract with Junior where we agreed that we would pay for certain grades for school exams as well as semester and final grades. In the original contract established at the start of grade 10, i.e. last year, the grading scale on exams was 1-8, we chose to pay for grades 6, 7 and 8. For semester and final grades, the scale was 1-7 and we paid for grades 6 and 7. This year the grading scale has changed and the grading scale on exams is 1-7 while the semester and final grades were unchanged, we revised our written contract with the offspring in the fall of 2024.

This solution has been successful for our entire little family. Junior has earned more than $400 in the first semester of grade 11, exactly half of which has been invested in stocks, and we have a son who is more motivated to study and understands that a good education pays off.

AI generated image with Grok

No comments:

Post a Comment

Why can't it just work?

We are still missing the dividends as of December 31, 2024 regarding BlackRock TCP Capital Corp. Common Shares (TCPC) in our endowment insur...