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About me:
- 40 Years Old
- Lives in St. Louis, MO
- Former College Athlete
- Dad of Two Kids (7 and 3)
- Lake House Owner with Family
- Paid ~$200k in Debt in 8 Years
- 9 to 5 Employee (Senior Manager)
- Degrees in Finance and Economics
- Despite Successes, Feels Like Imposter
There is a financially responsible way to do travel sports as well for those with a FI mindset
My kid played about 80 baseball games last year (spring and fall), and we paid less than $1,000. Found a team where the coach bought uniforms and paid club fees
Instead of $400 bats..
‘Travel sports,’ a term that has come to encompass all sorts of private teams, leagues, and clubs, used to be for the truly exceptional young athlete. Now, they’re for anyone willing to pay — an expensive, exhausting commitment that has become popular not necessarily because millions of parents want them for their children but because it can feel like there’s no other choice. Rec programs are underfunded and struggle to compete with for-profit leagues for prime field, rink, and court times. And the level of play is diluted, often very early, as travel teams are incentivized to enroll children at young ages.
Around 5 million children in the U.S. now compete on travel teams. Parents find themselves trapped. They know the benefits of sports and want that for their children, yet giving it to them often means buying into a sports ecosystem that’s inherently flawed. As the pay-to-play model increasingly takes hold, so does the idea that kids should start competing at younger and younger ages, risking their sense of self along with their shoulders and ACLs.
“I never want my kids to look back and say I didn’t do everything I could to help them live their dreams,” a mother of three soccer players said. She’s hired professional photographers to take action shots for her 12- and 13-year-olds’ Instagram accounts — the platform has become a recruiting tool — and they’ve both asked her to pay for personal trainers.
“I think the word isn’t ‘specialize’; you are ‘professionalizing’ your kid early. You are exposing them to everything professionals have to deal with — I’m talking injury, time, schedule, everything,” said John Van Benschoten, a former MLB player and travel-baseball coach.
It makes one ask: All this for what? And for whom? Read Caitlin Moscatello’s cover story on how travel leagues have made youth sports more expensive, hypercompetitive, and all-consuming — and the investors who are making a killing: nymag.visitlink.me/1-gbZQ
They are basically glorified rec teams that practice a little more and maybe go out of town once per year.
The kids traveling every weekend before high school generally are the elite players and probably have a lot of their fees paid for.
I only feel like I’m getting gauged..
Someone once explained the national debt like this….
It’s not a problem until it is a problem. And when it is a problem, it’s a really big problem that’s likely too late to fix.
It feels more and more like the future will be the people who own stocks vs the people who don’t. Because if you have equity in these companies you will likely be just fine, but if you don’t… good luck.
I'm not gonna lie, the @Meta layoffs are some of the most dystopian I've ever seen. They got told to work from home, they were sent the emails at 4AM in the morning. Those who weren't impacted have software on their computer that tracks their every move, preparing AI to take their job as well. They're literally training the AI that will eliminate their position as well.
Meanwhile, Meta is raking in RECORD PROFITS.
I am a massive, unapologetic AI enthusiast. Yet, this is NOT the future I had in mind.
I wish for Meta to crash and burn. This is not the way. Literally nobody benefits from this.
Why are people just now realizing that making food at home is cheaper than going out or ordering delivery?
A lot of people want financial freedom.
Fewer are willing to build 10–15 years of boring decisions to get there.
One of the best financial decisions we ever made was simplifying our system.
Less tracking. More automation. More consistency.
This is the new reality if you want your kid to play high school ball in a major sport if they are a good sized school. There are always exceptions but they are quite rare.
Separate bank accounts represent micro decisions.
Why do I need to know if my wife if buying coffee every day or not?
It’s irrelevant
Don’t be a weirdo couple and Venmo each other over dinner purchases though
Set some ground rules like don’t go into credit card debt.
Otherwise, having separate bank accounts is fine.
Net worth is macro
Retirement decisions
Home and car purchases
These all impact your net worth in a big way
Is there anything more cringe than when a married couple says one person is retired but the other can’t?
That’s not retirement, that’s moving to a single income household
Align on your big goals and stop worrying about the small stuff
Financial Pilgrimage retweeted
🧵To the "NEVER pay off a low-interest mortgage" crowd:
You're wrong.
Even those of you saying mathematically it makes sense.
Sure, if you don't understand math. 👇








