If there’s one generation wealthier than ours, it’s The Bank Of Mom And Dad generation. Because our parents have had on average three decades longer to save and invest, it is only natural they have more money.

Therefore, as a shrewd son or daughter, one of your goals may be to extract some wealth from your parents while they are still alive. It may sound cruel or dishonorable. However, I can assure you that adult children have been doing this forever, especially in higher-cost areas of the country. Most just keep it a secret.

Further, given the vast amount of wealth that has been accumulated by The Bank Of Mom And Dad, more parents are willing to help their children financially while living as well. This isn’t a forced wealth transfer. This is a wealth transfer based mostly on love, followed by necessity.

If you’re thinking about hiring an au pair, you know firsthand how much work is involved in raising kids. The pandemic switched life to extreme hard mode for working parents with young children.

Thanks to the vaccine rollout, the peak of the pandemic seems to be behind us. However, we’re still homeschooling our son, at least until this Fall. It can be exhausting at times with a wild 4-year-old and a very curious 1-year-old at home practically 24/7. They get into everything!

But the days and memories we’ve had with them are also precious. We’ve far surpassed the average amount of time a parent spends with a kid a day. Further, we’ve also been able to save $24,000 so far on preschool tuition.

For those parents who are constantly exhausted, hiring an au pair could be the perfect solution. And thankfully, hiring an au pair is now more feasible due to new regulations under the Biden administration. Starting on March 31, 2021, hiring an au pair gets the green light for families in America!

Antoine Watson, 19, decided to bum-rush and kill an 84-year-old man walking on the sidewalk minding his own business. Apparently, Antoine Watson was vandalizing a car across the street when he looked up and barked at the 84-year-old man to mind his own business.

This incident hit home with me. I was parking my car in Golden Gate Park once and I also saw a fella across the street smash a car window to steal something. As I looked at him, he told me to “mind my own business” as well.

The difference with me and Vicha Ratanapakdee, the 84-year-old Thai man Watson killed, is that I would have busted out both tennis racquets from the trunk of my car and beat his ass if he rushed over and threatened my family. There is no honor in attacking an elderly person, unprovoked.

Are you a parent who feels guilty for not spending enough time with your kids every day? Perhaps you are chasing money and prestige more than you should. Good news! The average amount of time parents spend with their kids a day is shockingly low!

The amount of time is so low, it makes me question the veracity of the source: OurWorldInData.org. It’s kind of like when you hear the often cited, “40% of Americans can’t come up with the money for a $400 emergency.” Is that really true?

Our World In Data offers the average amount of time parents spend with their children per day in the UK, Canada, France, German, Denmark, Italy, Netherlands, Slovenia, Spain, and the United States.

The organization was started in 2011 by Max Roser, a development economist at University of Oxford. Although the organization is two years younger than Financial Samurai, I’ll accept it!