All of the parents I know who kick their kids out when they are 18 end up in nursing homes when they are old. Just something for you all to think about.
I thought it happened in any case. Most people in the West believe to NEVER carry their parents on their backs. But yes, those who do throw their kids out deserve that outcome. Then again, the families are dysfunctional anyway. What is the divorce rate like 50% and climbing?
I think both are fine. I mean if you think your kid needs to learn responsibility they need to go. If your parents cannot take care of themselves, it's better for them in a nursing home. Just think about your kids, who now have to take on yyou as well, it's not ok. I'd rather choose my own nursing home.
I lived at home until I was 27, paying room and board and had responsibilities around the house while saving for a house. Then bought the house I paid off in 11 1/2 years. Been debt free ever since.
@@mercuryrising2424 because it's good for them. They also need to take on the responsibilities of an adult, and being adult sucks. Sheltering them from it makes it worse, as you cabbot be around every time when the bully comes around. And it will. I can promise you that.
You think US parents Teaching responsibility and independence to their kids is a horrible idea. What an idiot you are 4 thinking cuddling your kids or kids wanting to be cuddled theirs entire life is a good idea! 🤯🤯
@@kellyy9349 You lack perspective: Look at the socio-economic-status of multi-generational households. You can teach "financial responsibility" without "get out and good luck!" to your children.
they're not saying 18, they're saying 21/22 with a degree and a good-paying job. While this isn't for everybody, the caller CLEARLY set up his children for a quick independence. A lot of parents baby their kids, waaay past the point of necessity. I'm personally a result of that and I can tell you it did me NO good. I had to sprout my wings late and fast when I dropped out of college and moved back home.
@vincentrich - Banned But Not Forgotten I would say move out once you have an emergency fund and a down payment if you're going to use it. Having little to no expenses frees up money to get through the baby steps and investing a few years earlier will do wonders for compound interest.
@vincentrich - Banned But Not Forgotten I moved back in after college. All of my schooling was paid for, but I couldn't justify spending 1,500 dollars per month on rent, which is basically the minimum for a studio apartment in my metropolitan area. It was a good thing that I elected to stay home, too, as my job went away with the Coronavirus pandemic. If you have the means to move out, then it makes sense, but for many young people it doesn't make sense.
But Roger, who will respect you living at home with your parents? Who will want to befriend you or appreciate you? No, the correct answer is to move out immediately.
My Mom let me move back home when I finished college until I could get all my student loans paid off. I will always be grateful to her for that. That's cool that that father's kids are graduating with no debt.
yea and it can prevent that daughter from having lots and lots of boyfriends and playing the field if dad is helping her out with relationships and she is willing to listen to him.
I was thinking the same thing as I watched the video and read the comments. My parents immigrated to the US from a culture in which moving out of your parents' home before marriage is considered highly inappropriate regardless of age or gender. That would include going away to college. You still go to college and get a degree, but you come home every evening once your classes are done. I was also raised that all members of the household contribute to the extent that their circumstances allow. So that means that if you're a working single adult living with your parents, you contribute to the family's expenses (i.e. "pay rent"). When I finished school and started working full-time my parents sat me down and informed me how much I'd be contributing. It didn't come as a surprise, since they'd been telling me I'd be paying them rent someday from the time I was in middle school.
I stayed in my parents house for 2 years after college definitely worth it, saved up for a downpayment for a house and a car don't listen to what other say 3 generation of asians even lived in a same house
when I moved out of my parents house I wish I would have better guidance when it came to finances. 15 years later, I'm almost out of debt and my wife and I are on the same page when it comes to paying off debt. we are currently teaching our children the fundamentals of money management and we hope they become financially responsible.
My daughter is only 13 but she can live with us as long as she wants after college. This is what family is about. I don’t care if it is not financially responsible for us. Our daughter can always count on us.
Your daughter will always be dependent on you if you do that. She's your daughter but she needs to live somewhere else after college after getting a degree with a reasonable chance of good employment after. (i.e. doctor, lawyer or engineer) You don't want to be 80 taking care of your 50 year old, trust me, I watched my grandfather do it.
@@firearmsstudent ya problem with that is a lot of kids don’t have great careers right out of college. Go look up how many kids still live at home with their parents into their late 20’s
@@firearmsstudent There's a healthy middle ground. Don't let them be a burden, make sure they're looking for or have a job. Have them pay for some of the expenses and hold some responsibilities as they ease into adulthood because unfortunately college doesn't prepare them anymore. You'll have more people contributing to one household which will help all parties save money. That can help the parent save for retirement and the kid pay down her student debt if there is any. Once the kid is debt free, has an emergency fund, and maybe has a down payment, they'll probably want to get out at that point. Then you can be sure they won't ever need to come back.
@@9770G I am around that age and never went back to live with my parents after college. The secret is to find a career/degree that actually employs well.
After being honorably discharged from the Marine Corps, my father let me live with him while I went to community college. I will always be grateful for that.
@May Baby Yeah, I agree they're not responsible for college, but they were responsible for me when I was going through middle school and high school. They weren't very supportive of my education from the beginning, sadly. Uneducated and extremely irresponsible with their finances combined with having 5+ more kids than they could afford. I just fought through adversity.
I lived in my parents house during college and for two years after graduating college, contributing financially. We are a very close family. As I was building my career, I would not have been able to afford to live in a safe place in my city without a roommate, and would never consider moving in with anyone other than a very close friend, none of whom lived in my city. I had a full time job in college and paid my own way and paid cash. I think I was able to learn the adulting skills, even under their roof. When I did move out, it was also to move to another city for career advancement and while I dearly missed my family, I was not lacking in the skills or responsibility to live on my own. I think it all really depends on the situation. What I do think matters, is that there is a plan in place to move out and that the steps to that plan are being accomplished on schedule.
Wow how could you not let you kids come back home especially at age of 21?? Wow this is sick! Let her come back and move out whenever she is ready!! This is BS!!
I wasn't kicked out. I chose to get married at age 18 and moved out. A lot of kids at 18 that I grew up with left because they didn't want to listen to their parents. I just chose a different path. I had and still have a great relationship with my parents. I just knew what I wanted to do with my life. So I went and did it.
I stayed with my dad a year after college, and it set me up for success. I would say make sure they are working, but ease them into the real world. It helps!
It's it a lot easier for a kid out of college to live on their own in the mid west and middle America then on the coasts (NY,NJ, CA, CT, etc), which makes a huge difference. 40k in Tennessee doesnt not equal 40k in NYC.
Right? Boomers had everything given to them and then blame millenials for being "lazy". Back in the day, you could support a family on a part-time minimum wage job, buy a house, a car, everything. Now you can't even take care of 1 person in a basement apartment on that. Who's more lazy? Someone working 80+ hours a week and struggling to get by, or a boomer who got handed the best economy in the history of the country and could support their life/family on one simple job? Frustrates me to no end!
@@emmarose6590 They didnt have iPhones and TV's because they literally DIDNT HAVE that stuff back then. Are you literally suggesting that boomers wouldnt buy iPhones if they were out in their generation?
Dave, this mental thing is overrated. In many families, kids do fine when they move back home. Once they learn the meaning of budgeting, saving, investing, and being responsible, all will be well eventually when they move out.
Grateful for my family that they did this i come from a Latino Culture where staying with your parents is normal. Noticed that americans just kick thier kids out, of course staying with your parents doesn't mean be lazy either. I help my parents pay the bills, clean, chores, etc Now I'm leaving next year with a nest egg to set me up for success and I helped my parents greatly along the way and I couldn't be happier that I was able to help them.
I make over $100k a year and have lived with my parents through college and nearly 2 years of working in the industry. It's definitely overrated to live on your own for the sake of "growing up". I'm responsible with my money. Splurge a bit every now and then and pay my parents $1000 a month because their monthly expenses are over $7-8k. Despite splurging on whatever I wanted, I have over $130k saved up in those 2 years of working full time as well as a nice 401k balance with no debt. Living at home while attending 2 4-year universities that are within 15 miles of my home has allowed me to complete my bachelors and masters in 6 years for only $80k in total expenses, so that's $13.3k on average a year which my parents were more than capable of paying for.
Every situation is different, and all families are messed up :) I moved out to go to college at 21, I moved back in for one year at 28. Being out in the World and getting my ask kicked by the system made me realize that my parents actually did very well for being such 'simpletons'. That year being back helped my relationship with parents.
My father wanted me to move back home after College. I told my father "let me try to live on my own, if I fail, I will let you know and move back home." It was a struggle, however, I figured it out on my own with some occasional help and guidance from my parents.
I understand what Dave’s saying. However I am so grateful my parents supported me longer than a couple months after college. I stayed with my parents two years after graduation. I got a promotion at work within thatt time, and when I moved away was really in a good place financially. I would have really struggled living off those beginning checks.
@@marktheshark2569 When he graduated or was a young adult rent was more affordable and jobs were to be had. (good paying). And it was not as expensive to get an education.
@@xyzsame4081 that maybe true. But he honestly believes that you’re not “mature and grown up” if you live at home. He thinks you grow up faster if you move out. Which I think is flawed thinking. I’m not there yet but my goal is to have half or a whole house amount in my account before I move out and I already have no debt. This allows me to be ahead in life, if I followed Dave’s advice I’d be far behind
@@whomvstisthis ... yes, she does. It’s all about communication and setting up a game plan where everyone comes out on top. She understands the importance of being fully independent mentally, physically and financially to become a better team player with her future husband and children and pass down a long lasting legacy.
I moved back in with my parents after college because of mental health issues and I’ve been so thankful for their support. I help out around the house, with buying groceries, and helping to pay part of the bills too. It’s been about five years, but because of their care I’m saving up for my own house and am close to moving out on my own. I’m so thankful for them. ❤️
Every situation, every kid, is different. If they move back home while working TOWARD a goal, then support them 100%. If they want to mooch off Mom and Dad while they blow their money, then its time to cut the umbilical cord.
In my country having your daughter move back home and have her pay any type of bill would take the price of daughter of the year, in some countries they see it as a step back, of course if the relationship is toxic is very unlikely. I feel like in many countries having your child out of the house is good as in other having your kids stay there until marriage or forever is a also a good thing, kind of weird how is different everywhere
If it's toxic in any way, there's no reason for kids to move back in. For example, I'll never move back in my mom's house regardless of how much college tuition, rent and bills I have.
In America they sink hundreds of thousands into college for their kids. If your kid came back after that kind of investment with no job, i dont think youd be to impressed.
My parents let me move back in after college and I was able to pay off my student loans and buy a house and vehicle within a year. Couldn't have done it without them.
Moved out of my parents house at 19, fell in love and now I’m doing better financially than my parents and siblings currently and it’s great. It’s help to have a partner, being single is so much harder when you are out on your own for the first time. Her dad is awesome, wish I had a dad like him.
@@wewhoareabouttodiesaluteyo9303 we been together for 7 years and lived together for 4 years. We’re content with one another. Getting married next week.
When i was live with my parents they charge me rent every month. It included the electricity maybe $500. I live on disability. I got $250 left to spent. So i hardly go out to eat at a restuarant. It too expensive. I rarely go MCD. When i wants something my parents told me to save for it. I am living on my own now for about 3 years. It was difficult the first year because i can not cook. I have to learn how to cook .
With the current situation, daughter is at home doing the remote learning. So never left home. All for her saving money and paying down the loans, but she knows and will do what she is supposed to to get going on her own.
I am right there with Dave when he says it is a game changer developmentally when you are responsible for managing your own household! Raise them to be independent and give them the opportunity to grow.
These poor kids getting kicked out of their parents and having to pay $2000-3000 in rent every month while making 1990s wages! You have to be a millionaire to buy a house nowadays since you can't even find a decent house for under $500 000 and even if you take out a mortgage you'll be in debt forever. Even $100 000 down payment is nothing nowadays. Just brutal!
Where do you live? Move ASAP!! I live in the Midwest and have family down south and the average rent for a super nice apartment is $600 a month! Nice homes $200k extravagant $300k!
I live with with my family after college, I’m the child, the only child as a matter of fact, I live rent free but I managed the household, paying bills, budgeting expenses including mom’s grocery and whatever she wanted to buy, (late) granpa’s medicine (he had pension and insurance to cover most of his bills), buying electronics, car fixing cost, getting and paying off loans, and even house renovation. I was involved in discussions and managed it through most of the time, while still working. I learned how to take responsibilities from my (late) dad, he was a great role model. Now that my dad passed, I inherited his house, I also have savings for emergency and some investments. I need to be responsible to take care of mom while also planning for own my future family.
I live in denver - where renting is absurd. I was really responsible, but we chose to do one year with my at my parents house after i graduated. They didn't make me pay rent and I saved money like crazy so that I could buy my own place. Without that, I would've been stuck in the renting cycle. Now I have my feet under me and am fully financially independant at 21. You know your kids. It's okay.
My life trajectory was a tad different than the above and others here, I actually went *back* to college at 28, graduated at 32 with a couple of degrees. My parents insisted I moved back in, even though I was in my late 20's. This saved me a ludicrous sum of money and allowed me to focus entirely on my degree(s). Upon graduation I got a decent income job, working it now to knock off my (not bad) student loan debt. Couldn't be more thankful for supportive parents, they also were never the type to shove out the kids at 18, and I couldn't be more thankful for the support. Moving back in was the best decision I could have ever made, though my situation is perhaps unique compared to others.
Intra-familial wealth accumulation is facilitated when family members, who independently behave in a financially intelligent manner, collectly assist eachother when reasonable to do so. The problem comes when a member is not acting in a financially responsible manner, or abuse the assistance in lieu of using it to create wealth & assist others in the family do the same if reasonable to do so. A family that acts as a financially intelligent unit, even when independently focuses on their respective life/career objectives will usually build wealth faster than 1 that doesn't.
My dad gave me a year and I thought that was reasonable. It gives you time to figure out where you want to live, build up a professional wardrobe (if need be) and kind of get your feet underneath you. I ended up moving into an apartment after about 7 months and then within those remaining months, I slowly got my own car insurance, took over paying my phone bill, renter's insurance, etc so by the end of one year, I was completely independent but it didn't hit me all at once. I thought it was a perfect compromise.
as someone who saved up enough to pay for a 129k house in full with cash after 3 years of living with my mom, i strongly disagree. if im working at Mcdonalds making 19k a year and i have to pay $500 rent to live in a cheap high crime neighborhood, im still working at Mcdonalds making 19k a year if i live at home or burn money by renting. and no im not making 19k a year, thats just a first time average job example. encouraging someone to waste money on rent because of "muh independence" rather than encouraging them to live at home if their parents let them, so they can save an invest into a home is foolish and bad advice. i like Dave, but it is fine to disagree with him. he isnt right about everything. this is a simple math equation and saving and investing is almost always better than burning money on rent unless you plan on moving often then obviously buying isnt the best option.
I think living with parents if they are decent folks and not (too) overbearing also teaches the adult kids something. How to get along with others when already being an adult. How to redefine the relationship between parents and now adult child. I do not see the advantage of having a stranger as roommate in order to afford rent, to be at the mercy of a landlord and to pay off the mortgage of someone else - when you can live in the safety of your parent's home. - And any help with money and chores will be a win / win for all. There will be conflicts - child not stepping up and falling back into teenager patterns (of being provided for, or not cleaning up after themselves) or parents are overbearing - that challenges your conflict skills or the child will move out (if it ends in quarrel - it does sometimes - usually it tends to be mended a few months later). Some rules need to be redefined - for instanct DR would force any child (adult or not) to go to Church. I think that is nor correct. If you let an elderly relative stay with you you would alsonot force your "values" on them if they do not have anything to do with house rules. Or regarding dating. Young people even couples have been staying with family for thousands of years, and with exploding rent it becomes unaffordable to move out soon. In some families younger siblings are already waiting for the room to be freed up - so in that case the young folks move out at 18.
I would agree with you if these parents weren't rich. However they paid for her entire college degree and likely all her rent while she was at school. Shes probably on track to get a higher paying job than most and probably should be on her own and no longer relying on her parents. Congrats on saving 130k for a house though! I put around 50k down on my first house recently which took me years and years to save up so I dont know how you pulled that off lol.
Love dave he has been a tremendous help! Only thing I disagree with is pushing out the children with or without a solid foundation. Just imagine having your kid come back, then have them help out with Bill's. During this time, they can save money for a year or 2! Of course, this can be challenging but, in my mind, this breathes financial peace. There is a difference in raising a kid and leading an adult. Don't get me wrong clearly parents or kids will over step boundaries, but this should not be ruled out.
i suspect this is happening a lot right now. My daughter graduated in May and landed a great 6 figure job in NYC, but she''s been working remotely the whole time and living at home with us. If it were up to her she'd be in NYC but her company, a fortune 100 multinational, is saying they may drastically reduce the number of people working in the office so she and many others are in limbo. Will she need to move to NYC? Are they just going to keep her working remotely meaning she can live anywhere? She has quite a few friends from school in the same position so it seems as though there's a lot of kids out there who have good jobs but aren't sure how all this is going to play out so it's hard from them to know what to do right now. We understand and we don't mind her being here. As for maturing, she lived by herself for 4 years at school and she takes care of herself here as well.
I'm not leaving home until I leave my first job. I can afford to move out, but the cost of living is so high that it doesn't make sense to pay more when I don't really need to. I'd rather give rent to my parents, save a nice nest egg and start investing earlier than pay some landlord.
This would work out but I know a lot of millennials like myself who have a good paying job but still living with parents because of high student loans! I personally have over 150k out of university. 🤦🏽♂️ But I’m not any less developed mentally or socially because I still live with my parents. It’s just a financial decision I have to sacrifice right now.
At this point it may take six months to get a job in your field. My daughter worked at a convenience store( with a Molecular Biology degree) until she could get a good job and arrange to move out of town, every kid's situation is different. I let mine stay at home as long as they were working toward something.
If the daughters intention is to move out on a schedule, I think that's similar to the "few months" as Dave mentioned. Same thing, just an extended period. Yes she can pay for her own car, rent, and food while living at home and it insights responsibility all the same. It will start to hurt that its not her place to govern as Her Place. But financially, if she's on good terms with parents, heck go for it and stay with them. Better then shooting rent money down the drain. If she's patient, living at home, she can put a down payment on a house pretty dang soon with this plan. P.s. I dont support a, I'll figure it out sooner or later plan, I'd only support a, in 8-12 months I'll have saved enough for a car and down payment on a house I can own from now on.
I started being responsible after moving out. I sponged off my parents. When they offered to let me move in with them after losing my job I just politely declined and found a way to turn my misfortune around
Worst question to ask dave Parents home has to always welcome their kids, no questions ask And the conment i have read showing pathetic relationship between children and parents
I moved back home for 2 yrs after Grad school ... I saved up so much that I was able to buy a car, get a good sized down payment for a condo, and help my parents pay for their new home!
Yes. I gave my daughter 5 years to finish college. She came home for one year. I told her if she think she going to move out. I need you to save 10,000 dollars before she move. Incase you need to to have some money to pay rent. Some time parents cancel a session before she became a BCBA. So she did not get paid. She did and she is now a BCBA. All that paid off. I went through Peace University. Read Chris Hogans books. Got you on audible and your book Dave Ramsey. I would share with her. She has taken the class later. She is paying her student loan off and showing improvement to becoming debt free. She told me mom if I don’t leave I will not know how and I need to grow. So. I said you have my blessing. And she has never had to ask for help.
wewhoareabouttodie saluteyou I am blessed even if she did that would be her choice. No judgment. No stereotyping. All i can say thanks to Dave Ramsey program and listening to Chris and the other team. I don t think that was in his program to give the money away to a boyfriend. Paint that rock and put in your garden .
It’s hard to find a good job nowadays. It may take time for that so I think parents should give them at least a couple months instead of them just hoping into the first job offer. Especially if they can’t find a job in what they majored in.. it’s a rude awakening.. I majored in sports and fitness management then got out and was like oh I would have to move to a major sports city.. now I’m in hr
I've been back with my parents since mid-Spring of 2018. I'm living with them right now due to disabilities I'm trying to learn to live with. I'm paying rent so it's fine.
Seems like a fair request as long as she contributes and that the time frame is stipulated from the start. I'm not a parent though so...big pinch of salt 🧂🧂
Sure, no problem. Help them get a good start in life. Rent money is waste of money for a young person if they planning on buying a home and are not married
We dont have the money to pay tuition. Told the kids they are welcome to come home for a couple of years to pay things off. I'd also expect them to pay a couple hundred per month to help out. If they don't move back that's fine, but they are always welcome.
Is this weird advice for any Hispanic/Latino to hear? I’m currently 22 years old finishing up college & I live with my parents. In Hispanic/Latin culture, it is completely normal and expected for us (the kids) to only leave our parents home whenever we get married. One of the many benefits In this is the fact that I not only get more time with my parents & siblings, but I also have a chance to save a lot more money for my future, with the lack of bills I currently have. Thoughts anyone?
I consider that the problem of kicking the teenager out after college is that they won't be financially stable. Perhaps letting them stay in the house a years after college is a great idea.
Bs my home will always be open to my children I am sorry but something's are more important then money and success that is why alot of people end up in old folks homes with no one visiting them except at their funeral.
Rubbish. I moved back home and did my Master's in finance, saved rent and bought two rental properties. I also helped my parents real estate development firm for exchange in living at home and gaining experience.
I don’t agree. It’s better to have your kids with you as long as possible. Let them save money. There’s no shame in your 30-year-old children living with you. I think it’s a beautiful thing.
I think it’s time to evolve with the times dude. College right after high school isn’t always the best. We are taught this from day one so we just follow it just like we have to leave at 18 when we graduate. Obviously she shouldn’t stay there for that long but if it takes 2 years and she’s in a better situation after that 2 years I mean god forbid she leaves at 23 with more financial stability.
Luke12:15 *And he said unto them, Take heed, and beware of covetousness: for a man's life consists not in the abundance of the things which he possesses." --- Jesus* After college let them in but make them pay, NOT A LOT or don't, to help with a percentage of the monthly bills. Don't let them stay till age 37 either if they are able bodied.
Disagree with Dave on this. I really don't think there is anything wrong with letting your kid stay that long. I think the dad was making the right choice by charging rent (even if he wants to keep it for his own bills or give it back in the future.) I agree that if you let them stay without any financial responsibility, they'll get used to it. When they move out in 2 years, it's a big change, but his kid seems clearly responsible, and NO ONE wants to stay with their parents. The social stigma of kids basically being forced to go to college, getting into debt, and then being forced to move out immediately is awful.
If he is going to give her 50K, there is absolutely no reason for her to live at home for 2 years. Sure, a few months, but that’s to get her feet on the ground. Not to buy a new car and go on vacations. Just like Dave said, dad can help her establish herself in the world, she got zero school debt and the 50K can help her with either a down payment on a home or pay her rent for a year some place.
Be such a successful parent raising your children that they don't want to come home, successful parents raise independent children so they grow up that way!!!! I know I have three boys
I disagree. My daughter who is very responsible moved back home after college. She stayed with my wife and I for two years while she worked two jobs. During those two years she saved up $30,000 and during that time found a great job in research at a prestigious university. She announced to us that she had saved enough to buy a house. I called my real estate agent who was shocked that a 24 year old girl had saved up $30,000. She spent two months finding a beautiful home and after closing moved out. She drives an old 2003 Toyota Matrix. The engine and transmission are in exceptional shape and she swears that she won’t buy a new car until that Toyota dies. Why? She pays $16 in taxes a year due to it’s age and she has no car payment. She’s exactly the type of kid you want coming home for two years.
All of the parents I know who kick their kids out when they are 18 end up in nursing homes when they are old. Just something for you all to think about.
Yeah those so call parents are failures
I thought it happened in any case. Most people in the West believe to NEVER carry their parents on their backs. But yes, those who do throw their kids out deserve that outcome. Then again, the families are dysfunctional anyway. What is the divorce rate like 50% and climbing?
Yep
Be nice to your kids -- they may end up choosing your nursing home.
I think both are fine. I mean if you think your kid needs to learn responsibility they need to go.
If your parents cannot take care of themselves, it's better for them in a nursing home. Just think about your kids, who now have to take on yyou as well, it's not ok. I'd rather choose my own nursing home.
I lived at home until I was 27, paying room and board and had responsibilities around the house while saving for a house. Then bought the house I paid off in 11 1/2 years. Been debt free ever since.
I would take my daughter back after college and or a bad divorce. She’s always going to be my daughter no matter if she’s 80 years old.
I agree. Everybody is caught up in the idea of kicking out their children because it is 'good for them'.
@@mercuryrising2424 because it's good for them. They also need to take on the responsibilities of an adult, and being adult sucks. Sheltering them from it makes it worse, as you cabbot be around every time when the bully comes around. And it will. I can promise you that.
And ofc, temporalily it's fine. But kick them out asap.
My parents are the exact way. I’m so grateful for them
@@peterszabo7572 Yikes, hope you don't have kids lol.
The social stigma of moving out at 18/asap in the US of A is crazy. Just do what's best for your family at the end of the day.
You think US parents Teaching responsibility and independence to their kids is a horrible idea. What an idiot you are 4 thinking cuddling your kids or kids wanting to be cuddled theirs entire life is a good idea! 🤯🤯
Make them pay bills
@@kellyy9349 You lack perspective: Look at the socio-economic-status of multi-generational households. You can teach "financial responsibility" without "get out and good luck!" to your children.
they're not saying 18, they're saying 21/22 with a degree and a good-paying job. While this isn't for everybody, the caller CLEARLY set up his children for a quick independence. A lot of parents baby their kids, waaay past the point of necessity. I'm personally a result of that and I can tell you it did me NO good. I had to sprout my wings late and fast when I dropped out of college and moved back home.
@@Phyoomz I wasn't talking about what they're saying. I'm referring to the broad, generalized way of life in America.
Living with parents after college is a great idea... almost a necessity nowadays. Save that rent money!
The gap between college and a job in your profession is the reason to let a child stay at home IMO, not rent money.
@vincentrich - Banned But Not Forgotten I would say move out once you have an emergency fund and a down payment if you're going to use it. Having little to no expenses frees up money to get through the baby steps and investing a few years earlier will do wonders for compound interest.
@vincentrich - Banned But Not Forgotten I moved back in after college. All of my schooling was paid for, but I couldn't justify spending 1,500 dollars per month on rent, which is basically the minimum for a studio apartment in my metropolitan area. It was a good thing that I elected to stay home, too, as my job went away with the Coronavirus pandemic. If you have the means to move out, then it makes sense, but for many young people it doesn't make sense.
But Roger, who will respect you living at home with your parents? Who will want to befriend you or appreciate you? No, the correct answer is to move out immediately.
@@costco_pizza Lol what?
Wow that father did an amazing job with his kids
Too bad other moms and dads don't follow suit.
@@Primitive_Code some parents really can not afford it specially for four kids
Has he just provided or did he teach them how to fish ?
My Mom let me move back home when I finished college until I could get all my student loans paid off. I will always be grateful to her for that. That's cool that that father's kids are graduating with no debt.
Sounds like he raised his daughter right and definitely thought his finances through! Kudos to this fine gentleman!
He def did!
Family man for sureb
Lol what a cultural difference! In my culture most daughters are told to live at home until their married.
I don't see anything wrong with that either. Everyone has different circumstances.
Thats actually a good idea.
yea and it can prevent that daughter from having lots and lots of boyfriends and playing the field if dad is helping her out with relationships and she is willing to listen to him.
I was thinking the same thing as I watched the video and read the comments. My parents immigrated to the US from a culture in which moving out of your parents' home before marriage is considered highly inappropriate regardless of age or gender. That would include going away to college. You still go to college and get a degree, but you come home every evening once your classes are done. I was also raised that all members of the household contribute to the extent that their circumstances allow. So that means that if you're a working single adult living with your parents, you contribute to the family's expenses (i.e. "pay rent"). When I finished school and started working full-time my parents sat me down and informed me how much I'd be contributing. It didn't come as a surprise, since they'd been telling me I'd be paying them rent someday from the time I was in middle school.
I stayed in my parents house for 2 years after college definitely worth it, saved up for a downpayment for a house and a car
don't listen to what other say 3 generation of asians even lived in a same house
Well said 👍
Same here, 3 gens live together in a big enough house
when I moved out of my parents house I wish I would have better guidance when it came to finances. 15 years later, I'm almost out of debt and my wife and I are on the same page when it comes to paying off debt. we are currently teaching our children the fundamentals of money management and we hope they become financially responsible.
My daughter is only 13 but she can live with us as long as she wants after college. This is what family is about. I don’t care if it is not financially responsible for us. Our daughter can always count on us.
Your daughter will always be dependent on you if you do that. She's your daughter but she needs to live somewhere else after college after getting a degree with a reasonable chance of good employment after. (i.e. doctor, lawyer or engineer) You don't want to be 80 taking care of your 50 year old, trust me, I watched my grandfather do it.
@@firearmsstudent ya problem with that is a lot of kids don’t have great careers right out of college. Go look up how many kids still live at home with their parents into their late 20’s
@@firearmsstudent There's a healthy middle ground. Don't let them be a burden, make sure they're looking for or have a job. Have them pay for some of the expenses and hold some responsibilities as they ease into adulthood because unfortunately college doesn't prepare them anymore. You'll have more people contributing to one household which will help all parties save money. That can help the parent save for retirement and the kid pay down her student debt if there is any. Once the kid is debt free, has an emergency fund, and maybe has a down payment, they'll probably want to get out at that point. Then you can be sure they won't ever need to come back.
@@9770G I am around that age and never went back to live with my parents after college. The secret is to find a career/degree that actually employs well.
@@firearmsstudent whats ur career/degree?
Fine line between setting your kids up for success and enabling. I think he’s doing great.
Fully disagree
@@Dark_Souls_3 I agree that there is fine line, and the line is kind of grey. I would like to be able to see that line distinctly!
After being honorably discharged from the Marine Corps, my father let me live with him while I went to community college. I will always be grateful for that.
I wish my parents were this responsible. I had to find my own way and put myself through college 100%.
Same my dad quit his Job and expects us to pay the bill
@May Baby Yeah, I agree they're not responsible for college, but they were responsible for me when I was going through middle school and high school. They weren't very supportive of my education from the beginning, sadly. Uneducated and extremely irresponsible with their finances combined with having 5+ more kids than they could afford. I just fought through adversity.
I lived in my parents house during college and for two years after graduating college, contributing financially. We are a very close family. As I was building my career, I would not have been able to afford to live in a safe place in my city without a roommate, and would never consider moving in with anyone other than a very close friend, none of whom lived in my city. I had a full time job in college and paid my own way and paid cash. I think I was able to learn the adulting skills, even under their roof. When I did move out, it was also to move to another city for career advancement and while I dearly missed my family, I was not lacking in the skills or responsibility to live on my own. I think it all really depends on the situation. What I do think matters, is that there is a plan in place to move out and that the steps to that plan are being accomplished on schedule.
Wow how could you not let you kids come back home especially at age of 21?? Wow this is sick! Let her come back and move out whenever she is ready!! This is BS!!
It is not sick! There is a stereotype that most of the West kicks their kid out at 18.
I wasn't kicked out. I chose to get married at age 18 and moved out. A lot of kids at 18 that I grew up with left because they didn't want to listen to their parents. I just chose a different path. I had and still have a great relationship with my parents. I just knew what I wanted to do with my life. So I went and did it.
I did this after college. Yea it might cramp your dating life but was able to quickly save up enough to buy a home of my own.
I stayed with my dad a year after college, and it set me up for success.
I would say make sure they are working, but ease them into the real world. It helps!
It's it a lot easier for a kid out of college to live on their own in the mid west and middle America then on the coasts (NY,NJ, CA, CT, etc), which makes a huge difference. 40k in Tennessee doesnt not equal 40k in NYC.
Take care of family. Tired of boomers saying they moved out at 18 and started a life. Boomers destroyed this country. Let her move back in.
Right? Boomers had everything given to them and then blame millenials for being "lazy". Back in the day, you could support a family on a part-time minimum wage job, buy a house, a car, everything. Now you can't even take care of 1 person in a basement apartment on that. Who's more lazy? Someone working 80+ hours a week and struggling to get by, or a boomer who got handed the best economy in the history of the country and could support their life/family on one simple job? Frustrates me to no end!
@@lollypop00p Don't generalize. I know "boomers " who worked like sled dogs from their early teens.
@@lollypop00p you have to admit though, boomers loved more frugal than us. They did t have iPhones, take Europe trips, etc.
@@emmarose6590 They didnt have iPhones and TV's because they literally DIDNT HAVE that stuff back then. Are you literally suggesting that boomers wouldnt buy iPhones if they were out in their generation?
@@lollypop00p poor argument.
Just because it’s available doesn’t mean you/a generation of people buy it.
Dave, this mental thing is overrated. In many families, kids do fine when they move back home. Once they learn the meaning of budgeting, saving, investing, and being responsible, all will be well eventually when they move out.
Exactly
Grateful for my family that they did this i come from a Latino Culture where staying with your parents is normal. Noticed that americans just kick thier kids out, of course staying with your parents doesn't mean be lazy either. I help my parents pay the bills, clean, chores, etc
Now I'm leaving next year with a nest egg to set me up for success and I helped my parents greatly along the way and I couldn't be happier that I was able to help them.
I think his response probably only applies to families that are well off. I doubt he would've said the same thing if the child had debt
I make over $100k a year and have lived with my parents through college and nearly 2 years of working in the industry. It's definitely overrated to live on your own for the sake of "growing up". I'm responsible with my money. Splurge a bit every now and then and pay my parents $1000 a month because their monthly expenses are over $7-8k. Despite splurging on whatever I wanted, I have over $130k saved up in those 2 years of working full time as well as a nice 401k balance with no debt. Living at home while attending 2 4-year universities that are within 15 miles of my home has allowed me to complete my bachelors and masters in 6 years for only $80k in total expenses, so that's $13.3k on average a year which my parents were more than capable of paying for.
@@Aperez78 you sir a great role model. That’s exactly what you should do very well done
Every situation is different, and all families are messed up :) I moved out to go to college at 21, I moved back in for one year at 28. Being out in the World and getting my ask kicked by the system made me realize that my parents actually did very well for being such 'simpletons'. That year being back helped my relationship with parents.
My father wanted me to move back home after College. I told my father "let me try to live on my own, if I fail, I will let you know and move back home." It was a struggle, however, I figured it out on my own with some occasional help and guidance from my parents.
I understand what Dave’s saying.
However I am so grateful my parents supported me longer than a couple months after college.
I stayed with my parents two years after graduation. I got a promotion at work within thatt time, and when I moved away was really in a good place financially.
I would have really struggled living off those beginning checks.
WRITE MR ALEXANDER HOFFMAN ON WHAT SAPP HE MADE AROUND $10,500 FOR ME
HE WAS RECOMMENDED TO ME BY DAVE HIMSELF.
+1 3-0-5-5-2- 9 -6-2-9-5
Exactly Dave just has a flawed mentality on this
@@marktheshark2569 When he graduated or was a young adult rent was more affordable and jobs were to be had. (good paying). And it was not as expensive to get an education.
@@xyzsame4081 that maybe true. But he honestly believes that you’re not “mature and grown up” if you live at home. He thinks you grow up faster if you move out. Which I think is flawed thinking. I’m not there yet but my goal is to have half or a whole house amount in my account before I move out and I already have no debt. This allows me to be ahead in life, if I followed Dave’s advice I’d be far behind
After college graduation, my daughter will remain in my home until she completes Baby Steps 1 - 3b
@@aliabubakar3775 Note, the above isn't the real Dave Ramsey. Just click their profile
If she wants to, that is
@@whomvstisthis ... yes, she does. It’s all about communication and setting up a game plan where everyone comes out on top. She understands the importance of being fully independent mentally, physically and financially to become a better team player with her future husband and children and pass down a long lasting legacy.
I’m so proud of you. You’re a great mom.
@@alexfonseca2063 ... thank you 😊
One thing he did do is set his family up great 😊 👍🏾
I moved back in with my parents after college because of mental health issues and I’ve been so thankful for their support. I help out around the house, with buying groceries, and helping to pay part of the bills too. It’s been about five years, but because of their care I’m saving up for my own house and am close to moving out on my own. I’m so thankful for them. ❤️
Every situation, every kid, is different. If they move back home while working TOWARD a goal, then support them 100%. If they want to mooch off Mom and Dad while they blow their money, then its time to cut the umbilical cord.
I hope my daughter stays at home through college. Gets her degree at the local community college, then moves on..debt free.
In my country having your daughter move back home and have her pay any type of bill would take the price of daughter of the year, in some countries they see it as a step back, of course if the relationship is toxic is very unlikely. I feel like in many countries having your child out of the house is good as in other having your kids stay there until marriage or forever is a also a good thing, kind of weird how is different everywhere
If it's toxic in any way, there's no reason for kids to move back in. For example, I'll never move back in my mom's house regardless of how much college tuition, rent and bills I have.
@Dog Mutt what?
@@Primitive_Code agreed, it would depend a lot on the relationship you have at home, some leave and the relationship with their parents gets better
In America they sink hundreds of thousands into college for their kids. If your kid came back after that kind of investment with no job, i dont think youd be to impressed.
@@jonymanay that's true, education there it's expensive
I feel like call was cut short! Cmon dave he had more questions...
My parents let me move back in after college and I was able to pay off my student loans and buy a house and vehicle within a year. Couldn't have done it without them.
Moved out of my parents house at 19, fell in love and now I’m doing better financially than my parents and siblings currently and it’s great. It’s help to have a partner, being single is so much harder when you are out on your own for the first time. Her dad is awesome, wish I had a dad like him.
Wait for the divorce....once the 10 year mark nears. She will get the full pay out. Good luck buddy.
@@wewhoareabouttodiesaluteyo9303 we been together for 7 years and lived together for 4 years. We’re content with one another. Getting married next week.
@@Themrleonkennedy1 Clock starts ticking that day. First sign to look for is the general change in personality.
@@wewhoareabouttodiesaluteyo9303 who broke your heart? 🤣🤣🤣
When i was live with my parents they charge me rent every month. It included the electricity maybe $500.
I live on disability. I got $250 left to spent. So i hardly go out to eat at a restuarant. It too expensive. I rarely go MCD. When i wants something my parents told me to save for it.
I am living on my own now for about 3 years. It was difficult the first year because i can not cook. I have to learn how to cook .
With the current situation, daughter is at home doing the remote learning. So never left home. All for her saving money and paying down the loans, but she knows and will do what she is supposed to to get going on her own.
I am right there with Dave when he says it is a game changer developmentally when you are responsible for managing your own household! Raise them to be independent and give them the opportunity to grow.
Disagree Raise them right and set them up for success
Great job Dad!!! You raised your children right! ❤️
These poor kids getting kicked out of their parents and having to pay $2000-3000 in rent every month while making 1990s wages! You have to be a millionaire to buy a house nowadays since you can't even find a decent house for under $500 000 and even if you take out a mortgage you'll be in debt forever. Even $100 000 down payment is nothing nowadays. Just brutal!
Where do you live that the rent is $2000 to $3000?? California?
Yeah if you live in CA that's true, but there are plenty of places in the US where a great house is $200k. Move and work there.
Where do you live? Move ASAP!! I live in the Midwest and have family down south and the average rent for a super nice apartment is $600 a month! Nice homes $200k extravagant $300k!
Lol. Thanks for the sarcasm.
I live with with my family after college, I’m the child, the only child as a matter of fact, I live rent free but I managed the household, paying bills, budgeting expenses including mom’s grocery and whatever she wanted to buy, (late) granpa’s medicine (he had pension and insurance to cover most of his bills), buying electronics, car fixing cost, getting and paying off loans, and even house renovation. I was involved in discussions and managed it through most of the time, while still working. I learned how to take responsibilities from my (late) dad, he was a great role model. Now that my dad passed, I inherited his house, I also have savings for emergency and some investments. I need to be responsible to take care of mom while also planning for own my future family.
I wish this was my dad. But I can provide for myself now.
I live in denver - where renting is absurd. I was really responsible, but we chose to do one year with my at my parents house after i graduated. They didn't make me pay rent and I saved money like crazy so that I could buy my own place. Without that, I would've been stuck in the renting cycle. Now I have my feet under me and am fully financially independant at 21. You know your kids. It's okay.
For me as a college student I have to pay rent since my dad doesn’t like to work ! So there is not much difference 😔
My life trajectory was a tad different than the above and others here, I actually went *back* to college at 28, graduated at 32 with a couple of degrees. My parents insisted I moved back in, even though I was in my late 20's. This saved me a ludicrous sum of money and allowed me to focus entirely on my degree(s).
Upon graduation I got a decent income job, working it now to knock off my (not bad) student loan debt. Couldn't be more thankful for supportive parents, they also were never the type to shove out the kids at 18, and I couldn't be more thankful for the support.
Moving back in was the best decision I could have ever made, though my situation is perhaps unique compared to others.
Intra-familial wealth accumulation is facilitated when family members, who independently behave in a financially intelligent manner, collectly assist eachother when reasonable to do so.
The problem comes when a member is not acting in a financially responsible manner, or abuse the assistance in lieu of using it to create wealth & assist others in the family do the same if reasonable to do so.
A family that acts as a financially intelligent unit, even when independently focuses on their respective life/career objectives will usually build wealth faster than 1 that doesn't.
My dad gave me a year and I thought that was reasonable. It gives you time to figure out where you want to live, build up a professional wardrobe (if need be) and kind of get your feet underneath you. I ended up moving into an apartment after about 7 months and then within those remaining months, I slowly got my own car insurance, took over paying my phone bill, renter's insurance, etc so by the end of one year, I was completely independent but it didn't hit me all at once. I thought it was a perfect compromise.
as someone who saved up enough to pay for a 129k house in full with cash after 3 years of living with my mom, i strongly disagree. if im working at Mcdonalds making 19k a year and i have to pay $500 rent to live in a cheap high crime neighborhood, im still working at Mcdonalds making 19k a year if i live at home or burn money by renting.
and no im not making 19k a year, thats just a first time average job example.
encouraging someone to waste money on rent because of "muh independence" rather than encouraging them to live at home if their parents let them, so they can save an invest into a home is foolish and bad advice.
i like Dave, but it is fine to disagree with him. he isnt right about everything.
this is a simple math equation and saving and investing is almost always better than burning money on rent unless you plan on moving often then obviously buying isnt the best option.
I think living with parents if they are decent folks and not (too) overbearing also teaches the adult kids something. How to get along with others when already being an adult. How to redefine the relationship between parents and now adult child.
I do not see the advantage of having a stranger as roommate in order to afford rent, to be at the mercy of a landlord and to pay off the mortgage of someone else - when you can live in the safety of your parent's home. - And any help with money and chores will be a win / win for all.
There will be conflicts - child not stepping up and falling back into teenager patterns (of being provided for, or not cleaning up after themselves) or parents are overbearing - that challenges your conflict skills or the child will move out (if it ends in quarrel - it does sometimes - usually it tends to be mended a few months later).
Some rules need to be redefined - for instanct DR would force any child (adult or not) to go to Church. I think that is nor correct. If you let an elderly relative stay with you you would alsonot force your "values" on them if they do not have anything to do with house rules.
Or regarding dating.
Young people even couples have been staying with family for thousands of years, and with exploding rent it becomes unaffordable to move out soon.
In some families younger siblings are already waiting for the room to be freed up - so in that case the young folks move out at 18.
I would agree with you if these parents weren't rich. However they paid for her entire college degree and likely all her rent while she was at school. Shes probably on track to get a higher paying job than most and probably should be on her own and no longer relying on her parents. Congrats on saving 130k for a house though! I put around 50k down on my first house recently which took me years and years to save up so I dont know how you pulled that off lol.
If she's going to be working, then she should expect to pay rent, insurance, food, etc.
Certainly, if she's "back home".
Love dave he has been a tremendous help! Only thing I disagree with is pushing out the children with or without a solid foundation. Just imagine having your kid come back, then have them help out with Bill's. During this time, they can save money for a year or 2! Of course, this can be challenging but, in my mind, this breathes financial peace.
There is a difference in raising a kid and leading an adult. Don't get me wrong clearly parents or kids will over step boundaries, but this should not be ruled out.
i suspect this is happening a lot right now. My daughter graduated in May and landed a great 6 figure job in NYC, but she''s been working remotely the whole time and living at home with us. If it were up to her she'd be in NYC but her company, a fortune 100 multinational, is saying they may drastically reduce the number of people working in the office so she and many others are in limbo. Will she need to move to NYC? Are they just going to keep her working remotely meaning she can live anywhere? She has quite a few friends from school in the same position so it seems as though there's a lot of kids out there who have good jobs but aren't sure how all this is going to play out so it's hard from them to know what to do right now. We understand and we don't mind her being here. As for maturing, she lived by herself for 4 years at school and she takes care of herself here as well.
She is your kid, but are 21year olds still kins in the eyes of her employer and society?
Love your channel Dave!
Great advise
I'm not leaving home until I leave my first job. I can afford to move out, but the cost of living is so high that it doesn't make sense to pay more when I don't really need to. I'd rather give rent to my parents, save a nice nest egg and start investing earlier than pay some landlord.
Before you let your adult kids move back home, you must set ground rules! Ideally with a written contract. Less headache and confusion later.
This would work out but I know a lot of millennials like myself who have a good paying job but still living with parents because of high student loans! I personally have over 150k out of university. 🤦🏽♂️ But I’m
not any less developed mentally or socially because I still live with my parents. It’s just a financial decision I have to sacrifice right now.
Thought that was the Dropbox logo in the thumbnail 😂
Had to double take it after seeing this lol
lol it is. Just recolored
It definitely looks like it
What an amazing dad...
At this point it may take six months to get a job in your field. My daughter worked at a convenience store( with a Molecular Biology degree) until she could get a good job and arrange to move out of town, every kid's situation is different. I let mine stay at home as long as they were working toward something.
Absolutely not
If the daughters intention is to move out on a schedule, I think that's similar to the "few months" as Dave mentioned. Same thing, just an extended period. Yes she can pay for her own car, rent, and food while living at home and it insights responsibility all the same. It will start to hurt that its not her place to govern as Her Place. But financially, if she's on good terms with parents, heck go for it and stay with them. Better then shooting rent money down the drain. If she's patient, living at home, she can put a down payment on a house pretty dang soon with this plan.
P.s. I dont support a, I'll figure it out sooner or later plan, I'd only support a, in 8-12 months I'll have saved enough for a car and down payment on a house I can own from now on.
"You're trying to help them launch and not run an economic model."
What a great line
I started being responsible after moving out. I sponged off my parents. When they offered to let me move in with them after losing my job I just politely declined and found a way to turn my misfortune around
awsome said
Worst question to ask dave
Parents home has to always welcome their kids, no questions ask
And the conment i have read showing pathetic relationship between children and parents
I agree with Dave on this.
I moved back home for 2 yrs after Grad school ... I saved up so much that I was able to buy a car, get a good sized down payment for a condo, and help my parents pay for their new home!
Shout out to all the ppl in their late 20’s still living at home
i dont mean that in a negative way btw
Right there with you. Used to be ashamed of it, but with the pandemic this is the new normal!
Yes. I gave my daughter 5 years to finish college. She came home for one year. I told her if she think she going to move out. I need you to save 10,000 dollars before she move. Incase you need to to have some money to pay rent. Some time parents cancel a session before she became a BCBA. So she did not get paid. She did and she is now a BCBA. All that paid off. I went through Peace University. Read Chris Hogans books. Got you on audible and your book Dave Ramsey. I would share with her. She has taken the class later. She is paying her student loan off and showing improvement to becoming debt free. She told me mom if I don’t leave I will not know how and I need to grow. So. I said you have my blessing. And she has never had to ask for help.
Let's be realistic, she probably spent that all before she dated a guy and if she gets married, chances are now HIS $ is her savings. lol
wewhoareabouttodie saluteyou I am blessed even if she did that would be her choice. No judgment. No stereotyping. All i can say thanks to Dave Ramsey program and listening to Chris and the other team. I don t think that was in his program to give the money away to a boyfriend. Paint that rock and put in your garden .
Thank you. I really needed this as well 👍👍👍
Good job Mom and Dad.
It’s hard to find a good job nowadays. It may take time for that so I think parents should give them at least a couple months instead of them just hoping into the first job offer.
Especially if they can’t find a job in what they majored in.. it’s a rude awakening.. I majored in sports and fitness management then got out and was like oh I would have to move to a major sports city..
now I’m in hr
Wow! I'm a fresh born fan of Dave Ramsey!
I've been back with my parents since mid-Spring of 2018. I'm living with them right now due to disabilities I'm trying to learn to live with. I'm paying rent so it's fine.
Pittsburgher right here!!
U can let your DGT be homeless if you want it's a bunch of people who are now with or without college
I will never understand kicking out your kids just because of age and nothing else
Rent is dirt cheap in Pittsburgh. She could even buy a house wit that 50k. There's no need for her to move back
Seems like a fair request as long as she contributes and that the time frame is stipulated from the start.
I'm not a parent though so...big pinch of salt 🧂🧂
@vincentrich - Banned But Not Forgotten Makes sense Vincent. I personally like time frames because I find they help with getting things done
I have no problem. Im choosing to live until at home. Im lived since 2017. Im saving for a house. Might be another 2 year
Sure, no problem. Help them get a good start in life. Rent money is waste of money for a young person if they planning on buying a home and are not married
We dont have the money to pay tuition. Told the kids they are welcome to come home for a couple of years to pay things off. I'd also expect them to pay a couple hundred per month to help out. If they don't move back that's fine, but they are always welcome.
Any parent should encourage thier child to move back in.
I would let her stay but there are rules
Is this weird advice for any Hispanic/Latino to hear? I’m currently 22 years old finishing up college & I live with my parents. In Hispanic/Latin culture, it is completely normal and expected for us (the kids) to only leave our parents home whenever we get married. One of the many benefits In this is the fact that I not only get more time with my parents & siblings, but I also have a chance to save a lot more money for my future, with the lack of bills I currently have. Thoughts anyone?
The same in Asian cultures. Only in the west is it weird.
@@wewhoareabouttodiesaluteyo9303 Yeah, I'm not sure why this is the commendable thing to do in the west lol.
Same in African culture. Family is a big thing. The male is also expected to save up for a house to provide future wife/kids though
Wow I wish I get my finances ready and my daughter can be debt free when she is in her 20s that would be great
I consider that the problem of kicking the teenager out after college is that they won't be financially stable. Perhaps letting them stay in the house a years after college is a great idea.
Bs my home will always be open to my children I am sorry but something's are more important then money and success that is why alot of people end up in old folks homes with no one visiting them except at their funeral.
Was her School paid off if not she can work for two years and paid it off her self. Definitely a great father truly.
Rubbish. I moved back home and did my Master's in finance, saved rent and bought two rental properties. I also helped my parents real estate development firm for exchange in living at home and gaining experience.
Get her a Toyota with no recalls or service bulletins. The caller is like me in 25-30 years lol.
I want to be this prepared.
I don’t agree. It’s better to have your kids with you as long as possible. Let them save money. There’s no shame in your 30-year-old children living with you. I think it’s a beautiful thing.
I think it’s time to evolve with the times dude. College right after high school isn’t always the best. We are taught this from day one so we just follow it just like we have to leave at 18 when we graduate. Obviously she shouldn’t stay there for that long but if it takes 2 years and she’s in a better situation after that 2 years I mean god forbid she leaves at 23 with more financial stability.
Luke12:15 *And he said unto them, Take heed, and beware of covetousness: for a man's life consists not in the abundance of the things which he possesses." --- Jesus*
After college let them in but make them pay, NOT A LOT or don't, to help with a percentage of the monthly bills. Don't let them stay till age 37 either if they are able bodied.
Disagree with Dave on this. I really don't think there is anything wrong with letting your kid stay that long. I think the dad was making the right choice by charging rent (even if he wants to keep it for his own bills or give it back in the future.)
I agree that if you let them stay without any financial responsibility, they'll get used to it. When they move out in 2 years, it's a big change, but his kid seems clearly responsible, and NO ONE wants to stay with their parents.
The social stigma of kids basically being forced to go to college, getting into debt, and then being forced to move out immediately is awful.
If he is going to give her 50K, there is absolutely no reason for her to live at home for 2 years. Sure, a few months, but that’s to get her feet on the ground. Not to buy a new car and go on vacations. Just like Dave said, dad can help her establish herself in the world, she got zero school debt and the 50K can help her with either a down payment on a home or pay her rent for a year some place.
My mom would make me pay rent if I stayed with her. So my thought process is that if I’m going to pay rent anyways, I might as well live on my own.
Be such a successful parent raising your children that they don't want to come home, successful parents raise independent children so they grow up that way!!!! I know I have three boys
I disagree. My daughter who is very responsible moved back home after college. She stayed with my wife and I for two years while she worked two jobs. During those two years she saved up $30,000 and during that time found a great job in research at a prestigious university. She announced to us that she had saved enough to buy a house. I called my real estate agent who was shocked that a 24 year old girl had saved up $30,000. She spent two months finding a beautiful home and after closing moved out. She drives an old 2003 Toyota Matrix. The engine and transmission are in exceptional shape and she swears that she won’t buy a new car until that Toyota dies. Why? She pays $16 in taxes a year due to it’s age and she has no car payment. She’s exactly the type of kid you want coming home for two years.
Ur kids should be able to stay with you as long as is comfortable for both of u as long as they're not leeches