Josh and his neice

The ClubHouse: Big Brother 2000: General - Archives: Houseguests: Joshua: Josh and his neice

John

Thursday, October 05, 2000 - 11:46 am Click here to edit this post

As nice as it is for Josh to think about his neice's future, I think unless he puts the whole $100,000 away right now, he won't have enough for her to go to college on in 16 years (she's 2 right?) as by that time, a college education without scholarships is going to be more, if it isn't already. Plus, Josh stated that he had no money coming into the house, so you know he's going to dip into some of it. As I said it's nice for him to think to do that, but I don't think he was being realistic about it. If he goes back to modeling or tries singing (which I think he should) he would be better off to do that for her then.

Ocean_Islands

Thursday, October 05, 2000 - 12:12 pm Click here to edit this post

He only gets $76,543 net of tax anyway, so he can't put away $100,000.

If the niece goes to a state school, it could be rather inexpensive, but still probably $12K per year (I don't know what CA state college costs now, it could be more). $12K x 4 = $48,000.

It's a nice thought, but what if Josh has kids he wants to send to college?

If he puts away $35,000, it will become $85K within 16 years at 5 % return.

Prince

Thursday, October 05, 2000 - 12:28 pm Click here to edit this post

First of all, if I were Josh's sister, I would not allow him to give a "lot" other than maybe "startup" money. Perhaps an US EE bond of some sort. I would tell him that he himself could have children in the future, and is better of using the money to pay off his college loans, invest probably in property/mutual funds, give some to charity, and use some luxuries on himself while he is still young. I would also emphasize to him to use that money as investment for his career, whether he sticks with engineering or in the entertainment arena. And in this way, if he still wishes to, he can help her more in the future.

Battlestar

Thursday, October 05, 2000 - 12:40 pm Click here to edit this post

My question is---what if his sister has more kids?? Do they get a college fund from Uncle Josh too?? Don't mistake me--I think it is very nice of him to want to do this for his niece---but he will be having his own family sometime in the future---and the niece and nephew population is bound to grow

. When my niece and nephew were born (the 1st grandkids etc)---they got wonderful presents from all the uncles, aunts and grandparents, savings bonds etc--which continued for quite a while. By the time my kids were born---the continuation of the family was old hat---and though they were loved just as much--the presents were not as glorious.

I have a friend who had the only grandchildren in a family---and they have been lavished with presents, trips--the works--especially from the Aunt. Now the Aunt has her own children---but my friend expects her sister to continue her lavish spending on them, so their feelings aren't hurt. I asked her if she intends to buy big presents for her nephews and take them on trips---her answer was NO--she doesn't want them to expect her to lavishly on them---so they won't ever miss it.

Lafatme

Thursday, October 05, 2000 - 12:52 pm Click here to edit this post

with the right investment he should be able to get 10-15% growth.

Shadowkat9

Thursday, October 05, 2000 - 01:00 pm Click here to edit this post

I think whatever each of them decides to do with their winnings is up to them, and wish them the best.

Ocean_Islands

Thursday, October 05, 2000 - 01:30 pm Click here to edit this post

The problem is it's never as much money as you think.

And what if she doesn't want to go to college?

John

Thursday, October 05, 2000 - 02:24 pm Click here to edit this post

Good points everyone. Plus, if the money is still there for her by then, she'll probably think things like; "oh, i've got a free ride from my Uncle so I don't have to do anything except have fun" and that type of stuff. Plus, she could get a full scholarship or not go at all. I agree he should maybe just set aside part of it in the bank and let it grow, and use the rest for himself. I have a young neice and nephew, but if I won whichever place, whether it be 2nd or 1st, unless there was a dire need for them to need it, my own needs would come first. And I think Josh will soon figure that out.

Delia

Thursday, October 05, 2000 - 02:38 pm Click here to edit this post

Prince wrote: I would tell him (Josh) that he himself could have children in the future...


Maybe Josh knows something that we don't know - maybe he realizes the world is already overpopulated so he has no intention of compounding this problem by having any children of his own. Or, he's gay and knows he will not be having any children even by adoption or other means. Hope this helps.

Delia

Scribe

Thursday, October 05, 2000 - 11:48 pm Click here to edit this post

Whatever it is, Josh's obsession with his neices' college education when she is less than 5 (?) and he has no idea if he will have kids or his sister will have more or anything seems more than anything to be an effort on his part to belong and have someone that he has a "unconditional" relationship with....the intentisity and seriousness seems out of place ...the kid looked cute and the parents look just fine...just seeemed a bit excessive...

but then that's just my opinion.

Jana

Thursday, October 05, 2000 - 11:55 pm Click here to edit this post

Delia your post is ummmm to put it very nicely wierd.....i don't feel any need to expound on that as it speaks for itself.

Josh has already expressed an interest in having children if you read the live-feeds...so i guess the world is just going to have to be a little more over-populated....

i'm not disagreeing with your point on world population....i just think it is ridiculous to apply it here....

Snowgirl

Friday, October 06, 2000 - 12:00 am Click here to edit this post

Gosh, Scribe, that seems awfully harsh. I don't think he's thinking about possible kids that might exist in the future, either his sisters or his. He's thinking about his niece, whom he loves very much and evidently feels a special bond with.

I also don't think it's weird to be placing so much emphasis on college at a young age, for two reasons: 1) Josh has been going through college himself right now, and racking up the attendant debts, so it's natural that those concerns would be on his mind and 2) a lot of people consider getting a good education and finishing it off with a degree from a good school the key to success in life. I think because of his love for his niece, he really wants to do what he can to ensure her success and happiness. I find it touching.

Charlotteindigo

Friday, October 06, 2000 - 12:01 am Click here to edit this post

I basically agree with Scribe - I think the whole "I just want to provide for my niece" thing is just something for him to focus on - not to denigrate his feelings for her at all - I'm sure they're genuine. My suggestion to Josh would be to not make any permanent decisions about what to do with the money yet - he can always place it in a money-market acct. or short-term CD for a while until he figures out what his immediate plans are - school, work, etc. He'll have a clearer idea in a month or two whether he has any viable showbiz options. Personally I'd like to see him finish his college degree - particularly since he's only got one semester left (I think).

Itsme

Friday, October 06, 2000 - 10:34 am Click here to edit this post

Well, granted, $ 72,000.00 isn't a lot but if he invests it right he can make money from his money. My sister has a college fund for my son and she didn't open one for my daughter (they are 6 years apart)-- I didn't take it in a bad way I am grateful for what she did for my son.

Caged

Sunday, October 08, 2000 - 07:49 pm Click here to edit this post

When you don't have children of your own you always want to "provide" the one closest to you whether that is a niece, nephew or even a friends child. I do not have any children of my own yet but my goddaughter, who is my cousin's child, is my everything. I have money put away for her and when she is of age she will get it,whatever she plans to do with it is up to her. If and when I have children of my own, that doesn't mean I will take that money away from her as well as I am sure Josh will take care of his own children one day and still "take care of" Kiara too. When Josh said "college" I am sure that will be up to her too. Josh just wants to know there is "something there" for Kiara's future.