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Right now it's more cost-effective to live with someone and share expenses for sure. My brother is a medical doctor living with my parents. He helps take good care of them. No shame if you're not wasting your life and making yourself a complete burden to your parents.
Yes, And voluntarily assist with paying some of my parents bills, clean house, hire yard work etc. I know the difference between living with your parents and living off of your parents.
I’m 34 and moved back home a year and a half ago. BEST DECISION EVER. My parents do charge me rent so it’s not like I’m mooching off of them or getting a free ride. Although I HATE loosing my independence it’s been a blessing. I have paid about $15k in debt, increased my credit score by 100 points, and saved $15k cash. I know it’s not a lot but when I move out it will be a lot easier bc I’ll have a really great safety net. MOVE BACK HOME IF YOU CAN
Agree! I make 90K but have 2 kids. I moved back home about 3 years ago and have been saving and paying off debt. I too pay my parents rent but it is still a huge savings for us.
@@deejelly12089 0 grand a year and you still living at your parents three years later and are not debt free yet ? You obviously had too much debt and still have not cut your costs enough
I’m 23 years old, and a homeowner. I have the amazing honor of doing the reverse of what this video is about: my parents are moving in with me during a tough time for them. My dad is a disabled vet dealing with cancer, and now that my husband and I are established in our own place, my parents are able to move in with us while they househunt for a home nearby, instead of throwing money away on rent (which is more than our mortgage in our area!). They’ll bring three of my siblings with them and will be helping with the differences in the utility and grocery bill for adding 5 people to our household, but I wouldn’t dream of charging them rent because I know they’d work out the same deal with us if we had a need and the situation is reversed. I am so grateful that the sacrifices my husband and I made enabled us to help my parents, who provided so much for me, during this time. ❤
Far from normal. Your parents frankly kind of suck to put all that on you. I am a disabled vet and I have 3 of my 5 kids still at home (22,20,19). I actually feel sorry for you.
My brother is a medical doctor and he lives with my aging parents in their house. He helps take good care of them. His wife is a nurse and she can draw blood samples for them right at the kitchen table. It's more what you make of it.
In the past, it wasn’t uncommon for two or three generations to live together. Great grandparents and grandparents used to help take care of the children, while the parents worked. My neighbors are doing this now. The great grandma watches the grandkids during the day, takes the older ones to school and picks them up, while the parents and grandparents work. The grandparents will turn 50 this year and the great grandma will be 70.
💯 this! We have lost our way through indoctrination. People should ask themselves WHY they think living away from their families and all the costs associated is better. Is it even a thought of their own or is it something they’ve heard time and time again from others? Most seem to be playing a game of monkey see/monkey do. It doesn’t make financial/social/work and life balance sense so unless there is another legitimate reason like bad family dynamics, then it’s most likely that they’re just doing it because they’ve been programmed to think this way and they never dared to question it.
I know several Grandmas who like to spend time with grandkids but feel taken advantage of for daycare and when they need help? They have been turned down by those same people who want free daycare from them. I wish the younger generation respected the grandma’s time too
In this economy it may not only be beneficial for the adult kids but it may be a financial relief for the parents also. If everyone is working, contributing to the household, respecting boundaries and gets along then I think it can be a blessing. I 100% agree with you !
High interest rate causes house market declining, less people are buying houses. more empty comericial buildings are converted into residential condos wich results in rental declining.After covid, more people are working at home, artificial intelligence technology has eliminated many office jobs, and commercial buildings are vacant and converted into apartments.
You are not alone we can no longer afford our mortgage, husband wants us to travel or relocate/I am proposing cashing in, walking away and renting while putting the rest in the stock market.
I would be happy to hire someone with a good reputation. How can I locate and thoroughly check them? We started thinking about the concept because we have a family lawyer who has periodically mentioned fiduciaries and we know how valuable they are.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Depends on culture. In my culture it's common to live with family even as adults. Grandparents generally own the place then the parents and grown kids pay towards the bills and household. Everyone has their place.
Nothing is wrong with doing what you have to do as long as you’re contributing and getting your finances in order. Absolutely no shame in being financially responsible.
It's crazy people consider it a joke to live at home with your parents but its financially responsible living on your own collecting government checks.
I'm planning to buy properties cheaply during a potential housing crisis when I sell a few houses in 2025, but as a backup, I've been thinking about purchasing stocks; however, I've read about trading earnings exceeding $500k each week while also hearing that the market is out of control and experiencing a dead cat bounce-what advice do you have for timing the best buying opportunities, and why does this discrepancy in market conditions exist?
You’re not doing anything wrong; you simply lack the expertise necessary to make money in bad market. In this difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large rate.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
My CFA, Desiree Ruth Hoffman, is a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
I moved back in with my parents back in 2020, at 47 years old; but not because I was in any sort of financial trouble (I was actually doing really well financially at the time). It was at my parents' request because they're both in their 70s with serious health issues and they were raising my three nephews (their grandkids). One of the nephews had joined the Army and moved out, but the other two were still living there (one was still in high school at the time, but has since graduated). So, I moved back in to take some of the pressure off of my parents and to try to push my nephews out of the house to go live on their own. Which is not that easy in this current economy.
I moved home 10 years ago bc I got diagnosed with a chronic autoimmune disease that severely affected my life. I’m a single mom, 34, so I’m grateful that I can be here. There’s no shame in living at home. I’m a black American, my family in Mississippi all still live together as does the majority of the world. People don’t move out until they’re married in other countries, so I don’t see anything wrong with it.
Nothing wrong with it at all especially in my culture. Don't let other people's opinions on your life have an effect on you. Pay them no mind because they aren't paying your bills.
I have a large house with 3 separate living areas, entrances and kitchens etc. I think my kids should absolutely live with me as long as possible and stack that bread. The key would not to become a crutch for them. They’re teens now… so we’ll see.
I was 24 when I got married and we lived in my parent’s basement for 7 years before we were able to buy our first house I was 32 when we moved out in 2016. That was the best start our family could have ever had!❤ Edit: you don’t have to struggle in a bad apartment in a questionable part of town by yourself or with five or six extra roommates just to tell yourself this is what I have to go through so I won’t ever have to go through this again. That is ridiculous! If you have the help to live a better life do that especially if you know that your life is not going to be forever with your parents or with the help that you’re receiving don’t move out and throw money away in renting when you don’t have too.
25 and that depends on the individual’s contribution to the household. If they are laying around using resources but not helping clean, cook, take out trash, or even something as simple as not turning off lights not being used, then 18 or high school graduation plus 90 days. In previous multi/generational households, everyone made a contribution.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I really don't understand this generation. If you're staying with your parents, it's supposed to benefit you financially. This means you should save and invest your money and live well below your means. If you're not doing this, it's a wasted opportunity that you will regret.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or crypto and stocks.
You're right, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Matthew Roszak, has been an amazing experience.
Wow. I'm a bit perplexed seeing Matthew been mentioned here also Did not know he has been good to so many people too this is wonderful, I'm in my fifth trade with him and it has been super.
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
I graduated nursing school at 26 in 1996 and I knew, without my parents actually telling me, that I had to move out. I was scrambling for a decent paying 1st job and landed one out of state 2K mi away. My dad made it very clear, non verbally , that I had to find work and move out ASAP.
Culturally, it is normal for many. I moved out at 17, but wished I would have had a better home to stick around during college in and started out in debt. I hope to help my kids not start that way. People need to do whatever helps them and their family. You do you, boo. Don't judge.
Nothing wrong with staying home. I encourage my kids to stay with me as long as possible ❤ I would have them pay rent and put their money away until they're ready to leave
Most people that stay at home are less motivated (because they have less ‘problems’), and oftentimes spend that extra money on things they don’t need or can’t afford (trips, cars, cloths etc)
@@tayross97 exactly. Living away from parents, not only frees you from parental authority, but it also provides you with structure that living at home can't give you.
The best way to get out of your parents house is to learn a good trade. While I was in college I worked my butt off. I learned the Electrical Trade and the Heating and Air Conditioning trade and became a contractor in both trades. I worked 7 days a week for at least 10 hours a day for several years, to take care of my wife and kids. I then was able to hire employees and life became easier. You must have a good work ethic and learn a good trade, or start a business, or take your skills and good work ethic and find a good job. There is no other way nowadays. I am 74 now and retired. May God Bless all of You.
I’m a senior and my son had to move back home. Right now he is not able to handle the expense of living alone on his salary while supporting two children. Life has certainly changed since I was a young woman. Glad to have him home. It this juncture, I see multi generational households where everyone supports one another. Families in Asia live in the same household and support one another.
I'm eagerly anticipating a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also thinking about investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen substantial trading profits, but there are worries about the market's instability and the possibility of a dead cat bounce. Can you explain why this market phenomenon happens?
You're not making mistakes; you just don't have the know-how to profit in a tough market. In such challenging times, only highly experienced individuals who went through the 2008 financial crisis can anticipate making significant profits.
Lately, I've been thinking about reaching out to consultants for advice. I'm at a stage where I could benefit from some guidance, but I'm uncertain if their services would truly be beneficial.
Desiree Ruth Hoffman, my CFA, is well-respected in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking guidance in the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Reason : help,with two severely disabled younger sisters. I am beyond grateful for my adult daughter being here. You never know what families are going through and the “whys” of family situations.
I never really put much thought about this until now, but when I'm sick I like to be left alone until I'm better. I think I just hate being a burden to anyone, even if that someone wants to help.
I legit called my mom the first time I got food poisoning... She told me good luck she was getting on a plane haha. But when I felt awful and I was by myself all I wanted was my mommy ❤
I live in Hawaii and the cost for housing is way too much for my $50k salary. I couldn’t understand why my take home pay was so low even when I claimed one instead of zero. It turns out there are a lot of deductibles that happen which decreases your take home pay from tax withholding, social security, Medicare, insurance premiums, 401k contributions, etc so it’s not much after that. I’ve been living at home and just stacking. With interest rates high on money market the interest I receive monthly is about the same amount of one take home pay check which I find astonishing!
Real estate, especially housing, is generally seen as a stable investment that appreciates over the long term. Property values tend to increase with inflation, making it a good hedge against rising prices
Investing in rental properties can generate passive income through rent payments. If managed well, this income can cover mortgage payments and other expenses while also providing a steady cash flow.
Real estate allows investors to leverage their investment by using borrowed money to buy property. This can amplify returns, but it also increases risk if property values decline.
Real estate investment comes with several tax benefits, including deductions for mortgage interest, property taxes, and depreciation. These can significantly reduce the overall tax burden for investors.
The real estate market is cyclical, and values can fluctuate depending on economic conditions. Investors should be prepared for potential downturns and have a long-term strategy in place.
Investing in real estate often requires a substantial initial investment, including the down payment, closing costs, and ongoing maintenance. This can be a barrier for some investors, particularly in high-demand markets.
I used to feel guilty living at home pass the age of 30 years old, but now when I think about it the family members I live with are struggling also we all need each other to make a living, like they said more heads are better then one, while living at home I just help with errands and other things that they need help with. The best part of it is you can split the payments for grocery, rent etc.
Multigenerational living should not be a shame. It used to be the norm for adult children to live with their parents until they got married. Moving out at 18 was pushed for consumerism from retailers. My kids live with me, they are respectful helpful and are saving money to skip the apartment life and buy a home when prices are reasonable they will have more than 20% to put down.
shout out to the folks who have no home to go back to - you may have to grind 10 times harder and ride out the waves but you've got this 🙏🏽 head up, many blessings to come.
My son was 17 and up all night pacing the floor with ear pain. We were all out of pain reliever. He didn’t want to wake me up. I told him that’s the time to wake me up. lol. I did go buy him ibuprofen at 6am, took him to the dr at 8am, he had an ear infection.
My son went the traditional route like I did and started with a crappy job. After a year doing that, he decided to give RUclips a go. I bought him a killer rig about 5 years ago to get started. He has been very successful , has his own apartment, and saves a ton of money. I think kids need to look at other ways besides the slow climb.
depends on the culture, and thier economy.here in the Dom. Rep. alot of times they never move out, and build a little casita on top of the mamas house when they get married.brace yourself america thats where your headed, due to needs.
If you go to college you are already financially doing better than most. This generation does not understand what poor is. They are complaining about living a good life, but not the best life. It takes years to get there, regardless each generation had their issues.
I lived on my own from 21 to 33. In 2023 at age 33 I moved in with my mom. Not due to finances but because my neighbors were hoarders and brought roaches and mice to our building and I don’t live like that smh. Anywho, I saved $30,000 in that one year not having to pay full rent and utilities. We actually still live together and I just turned 35 in August 🤷🏾♀️. I’ll leave when the right opportunity presents itself to own a home and when my car is paid off.
I'm 33 living at home. Guess what? I paid off all my debt, got a big savings, and have financial peace. The only reason I am still home is because I can't afford a house right now where I live. So I am still saving and trying to increase my cash flow even more while I wait for housing prices to make sense. I have zero reason to live on my own right now and I find it hilarious so many people would scoff at that. Guess who's winning financially? I've lived by myself. I know the struggle. I moved across the country. What's better is having a debt free low cost lifestyle, no payments, and a bright financial future on my terms. Also me and my parents have an even better relationship now.
To me living with your parents there has to be an exit plan. If I was a parent, it would be a certain amount of time and have to show savings as a result. This wouldn't be so they could take a trip to Europe with the savings. This would be to buy a car or down payment on a house or some other investment. I bought my first house when I was 25. I was able to do that because of working hard during my teen years and had a down payment saved up.
There is no shame. I am a 40 something Japanese person and my parents and us we live in the same house. I also know an Indian family there the whole family including grandparents live in one house together! I think the idea of you have to move out when you are 18 and start your life is too much in these times.
Moved out my parents house 1985 I was 23 living with my fiancé , things didn’t work out but it’s a lot easier to break up when you’re not married ! My mom called and said if you want to come back home you can ! So I did just paid them rent until i got married in 1990! Things were wayyyyy more affordable then .
Not being able to date because you are forced to live at home due to the economy is like a one-two gut punch and getting kicked in the balls simultaneously
The young lady that said she have financial freedom, and can quit a job if she wanted to is very blessed. I hope she is contributing good money to her parents household. Alot of people will never or have never been able to go back to their parents or parent home. I have been out on my own since 18 years old. I have nobody to fall back on, but I hate the thought of being envious or jealous of an individual who can. I hope the best for everyone. I know I am very rare in this evil world.
I work a full-time job and graduated college a few months ago. I live at home so I can save money for Grad school. I have stuck to that and have saved quite a but so far. My parents are really nice to let me live there rent free for the time. This is helping me so I'll have low debt out of grad school. I don't give a RATS ASS what girls think of me right now. Most girls my age date guys who are older and have more money. Those guys had to suffer through being poor, too, while they made something of themselves. Dating is the LEAST of my concerns right now. I'm trying to make something of myself.
Why would somebody think that just because a guy is 26 that your parents wouldn't ask if you were okay????? You came out of your mom's womb! They saw your first steps! They are of course going to ask what is wrong! Weird.
I lived in my car for about 3 almost 4 months until I was able to put money towards an apartment. . . . An still would choose my car over going back to living with my mom ever again
I'm 24 and just about to start my second semester of my ABSN program. I still live with my parents so this is basically my ticket (assuming I pass) to actually nab a good salary and finally feel like an adult. Insane how you have to sacrifice your soul for the few jobs that don't pay peanuts.
The woman in the pink shirt saying living with parents doesn't help you get a rent history ... WTF? Renting isn't a flex either! It's the opposite. Many young people stay at home to save a down payment, precisely so they never have to rent. They win.
It’s not meant to be a “flex”. It is a way of building a credit and rental history to establish that the individual has a track record of paying on time and is less of a risk to a property owner than someone with no rental history.
I'm a 38F and have returned home "after 18" more than once in my twenties. I could go on and on... it was NEVER good and our relationship has never been the same. Being an adult child living at home blurs the lines of responsibility and accountability- huge important lessons that I feel we are all greatly lacking. I have known friends who lived in their parents basement while they build their home allowing them to save on rent etc.
I moved back home to live with my parents after graduating from college in 1995. It was one of the smartest decisions I’ve made. Doing so allowed me to save up a lot of money until I got married and moved out of their house. I was able to build a strong foundation financially. To this day, I have not had to worry about money because I had a great start in life. My wife and I also want our son to live with us and he graduate from college. We want him to have the same advantages in life that I had when I was his age.
14:53; She was saying that even though they are poor, they are not struggling because they stick together and help each other out. You latched onto an example, but skipped the whole point. Why struggle as individuals if you don't have to when instead you can pool resources together as a family and keep each other afloat? Why live with strangers and give strangers your hard earned money instead of family?
I think of the bits of her how she claimed being lazy and relying on them for food and stuff. That part just sounded bad. Just quitting your job just because its stressing you out? Is quite entitled
@@THETHIRDL2009 ,She said that she could be. Not that she is currently. It's a matter of being stable and surviving together vs struggling alone. (While still having to be living with someone else regardless) So let me ask you this, would you rather pay to help keep your Grandparents and family afloat or would you rather be paying some strangers mortgage+?
@jessicathompson236 oh no I completely understand I still live with my dad. Or course I'd rather help my family. It was the phrase of how she said it. I wasn't saying it's not good idea.
Because some of us are not religious or traditional. Some of us prefer to have an individual home life, without being required to answer to anybody. Spending more money on housing is well worth it if it means having freedom from parental authority.
Sure ... but we've known thingswere heading this way for at least four years. Kids who were finishing high school then, likely knew that a modest income wasn't going to cut it - and their parents definitely knew. Thus they had time to choose a path leading directly to a higher paying job. A STEM degree, or a trade, etc. Luxury degrees ( arts and humanities etc) are for rich people.
Im 49. I can't move back in with my parents because my parents are deceased and I do not have adult children even though i'm old enough to have a 32 yr old kid. I do not have kids and I also do not have brothers and sisters. And everybody I know has their own family and everybody I know lives 25 miles south of me. The fact is, if you are born in this country, if you are a u s citizen and if you are white, so maybe you were born here and you're not an illegal immigrant, you are not a priority in this country that is the sad truth, and the mainstream media is not covering this
Don’t let people pressure you to leave home. Help pay bills, you’re still an adult. I think we put too much pressure on old values regardless of the economy. As a parent you should push your kid to thrive certainly but people are barely making it. One paycheck missed and you back home. Ungrateful spoiled, lazy brats should get kicked out.
I was 21 before I left the nest. It took me long enough to get a real job. A job that I can sustain a livable wage. But I did pay rent to my parents after I turn 18.
Funny how the world works and this is your video topic this week. I will be moving back into my parents house at 36 years old early next year, however it’s because they are moving out of the country for my dad’s job for two years and I will be watching the house. I will be paying internet and utilities while they are an ocean away. Definitely taking advantage of this time to save over 2k a month and building that down payment. I’ll also be selling my car to cut down on expenses, as they have three here for me to pick and choose from and even a 35’ RV that I will have to start up from time to time 😂. It will be a lot of work .5 acre lot. So yard maintenance will be a hassle. But the overall long term outlook will allow me to be in a better place once this is all said and done. Like one of the individuals said in the video, it isn’t a problem if there is a purpose to why you’re moving “home”.
That only makes sense for people who are religious and traditional. Most people (myself included) don't subscribe to conservative views or filial piety, so we don't get to have the luxury living at home. But in the bright side, we get to have freedom from parental authority and do whatever we want.
My brother moved back with my parents, He had the whole downstairs to himself as it was like a home itself down there. He looked in on the folks and while they were away on vacation.
When I was young, I worked as a receptionist, lived in a 701sq ft apartment by myself, in a very good neighborhood. Once I paid my rent and bills, I had more than enough money to save. Sad that this world is gone due to complete greed by our government and corporations.
I moved out at 22. Bought a house by 25. Rented out the house and jumped state to state then came back to my state but different city only to be displaced by a hurricane. I moved back home with my mom because I didn’t want to uproot my tenants. Tried looking for a house to buy, it was rough. My tenants DESTROYED my house so I had to fix that and since I couldn’t find “the perfect property” (I was really searching for Eden y’all 😂) I moved back into that house and if I need to, I can go back to my childhood home. I’m deep in my 30s now. I would say live at home as long as your parents will allow. I’m really thinking about renting my house back out and living back home because it’s nice to have a village.
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In this economy? No shame, do what you gotta do to get ahead and if that's moving back in with parents to save up, so be it.
i moved in since 2018 way before 2020 i am 39 now i am in nyc for reference
Right now it's more cost-effective to live with someone and share expenses for sure. My brother is a medical doctor living with my parents. He helps take good care of them. No shame if you're not wasting your life and making yourself a complete burden to your parents.
@@goyam2981 "No shame if you're not wasting your life and making yourself a complete burden to your parents." This!
Yes, And voluntarily assist with paying some of my parents bills, clean house, hire yard work etc. I know the difference between living with your parents and living off of your parents.
Well said
That’s a nice mom… Be grateful you have parents because some of us are missing one or both parents.
Indeed🎉
I’m 34 and moved back home a year and a half ago. BEST DECISION EVER. My parents do charge me rent so it’s not like I’m mooching off of them or getting a free ride. Although I HATE loosing my independence it’s been a blessing. I have paid about $15k in debt, increased my credit score by 100 points, and saved $15k cash. I know it’s not a lot but when I move out it will be a lot easier bc I’ll have a really great safety net.
MOVE BACK HOME IF YOU CAN
Agree! I make 90K but have 2 kids. I moved back home about 3 years ago and have been saving and paying off debt. I too pay my parents rent but it is still a huge savings for us.
Awesome! Good work ! Keep it up
@@deejelly12089 0 grand a year and you still living at your parents three years later and are not debt free yet ? You obviously had too much debt and still have not cut your costs enough
So you benefited. Therefore you can be happy . Sounds like you would be ungrateful otherwise
@@jl2937 they benefited as well since I pay them rent...
I’m 23 years old, and a homeowner. I have the amazing honor of doing the reverse of what this video is about: my parents are moving in with me during a tough time for them. My dad is a disabled vet dealing with cancer, and now that my husband and I are established in our own place, my parents are able to move in with us while they househunt for a home nearby, instead of throwing money away on rent (which is more than our mortgage in our area!). They’ll bring three of my siblings with them and will be helping with the differences in the utility and grocery bill for adding 5 people to our household, but I wouldn’t dream of charging them rent because I know they’d work out the same deal with us if we had a need and the situation is reversed. I am so grateful that the sacrifices my husband and I made enabled us to help my parents, who provided so much for me, during this time. ❤
Way to go man! Lots of ppl wish they could do that for their parents. Need more people like you. ❤
Far from normal. Your parents frankly kind of suck to put all that on you. I am a disabled vet and I have 3 of my 5 kids still at home (22,20,19). I actually feel sorry for you.
What an amazing thing to do
My brother is a medical doctor and he lives with my aging parents in their house. He helps take good care of them. His wife is a nurse and she can draw blood samples for them right at the kitchen table. It's more what you make of it.
You should thank your financially responsible husband
In the past, it wasn’t uncommon for two or three generations to live together. Great grandparents and grandparents used to help take care of the children, while the parents worked. My neighbors are doing this now. The great grandma watches the grandkids during the day, takes the older ones to school and picks them up, while the parents and grandparents work. The grandparents will turn 50 this year and the great grandma will be 70.
💯 this! We have lost our way through indoctrination. People should ask themselves WHY they think living away from their families and all the costs associated is better. Is it even a thought of their own or is it something they’ve heard time and time again from others? Most seem to be playing a game of monkey see/monkey do. It doesn’t make financial/social/work and life balance sense so unless there is another legitimate reason like bad family dynamics, then it’s most likely that they’re just doing it because they’ve been programmed to think this way and they never dared to question it.
The best daycare you can get for your kids is grandma. Thats someone you love and trust
I know several Grandmas who like to spend time with grandkids but feel taken advantage of for daycare and when they need help? They have been turned down by those same people who want free daycare from them. I wish the younger generation respected the grandma’s time too
@@Foxy_bbb_b That's insane ... sorry. There's no greater privilege or honour, than taking care of your grandkids.
If you get along it’s good idea that way you can save
In this economy it may not only be beneficial for the adult kids but it may be a financial relief for the parents also. If everyone is working, contributing to the household, respecting boundaries and gets along then I think it can be a blessing.
I 100% agree with you !
High interest rate causes house market declining, less people are buying houses. more empty comericial buildings are converted into residential condos wich results in rental declining.After covid, more people are working at home, artificial intelligence technology has eliminated many office jobs, and commercial buildings are vacant and converted into apartments.
You are not alone we can no longer afford our mortgage, husband wants us to travel or relocate/I am proposing cashing in, walking away and renting while putting the rest in the stock market.
I would be happy to hire someone with a good reputation. How can I locate and thoroughly check them? We started thinking about the concept because we have a family lawyer who has periodically mentioned fiduciaries and we know how valuable they are.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Depends on culture. In my culture it's common to live with family even as adults.
Grandparents generally own the place then the parents and grown kids pay towards the bills and household. Everyone has their place.
Huh??? What does culture have to do with anything what about using common sense or doing what you gotta do??? Culture??? Please
@@houstontexas5486ever speak to an Italian or a Greek? Multi generation families are pretty normal.
Only WASPY parents kick their kids out of their home at 18 years old ~▪︎still babies!😢
I tell myself I don’t still live at home with my father at 30. We are simply roommates.
Invest that dough!
Depending on how much you pay it's the truth
Paying $1400 a month just to take a dump in your own toilet....
First shit in my own house was a core memory
Indeed😮
@@NINJAxBACONand then the first time it is actually yrs after paying it of😊
😂😂😂😂😂😂😂 yep
Nothing is wrong with doing what you have to do as long as you’re contributing and getting your finances in order. Absolutely no shame in being financially responsible.
It's crazy people consider it a joke to live at home with your parents but its financially responsible living on your own collecting government checks.
@@THETHIRDL2009 or even making massive credit card debt trying to rough it out on your own
No age is too old!! If you’re not responsible to contribute that’s wrong.
I'm planning to buy properties cheaply during a potential housing crisis when I sell a few houses in 2025, but as a backup, I've been thinking about purchasing stocks; however, I've read about trading earnings exceeding $500k each week while also hearing that the market is out of control and experiencing a dead cat bounce-what advice do you have for timing the best buying opportunities, and why does this discrepancy in market conditions exist?
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.
You’re not doing anything wrong; you simply lack the expertise necessary to make money in bad market. In this difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large rate.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
My CFA, Desiree Ruth Hoffman, is a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
You never stop being a mother or father even when your kids are grown.
I moved back in with my parents back in 2020, at 47 years old; but not because I was in any sort of financial trouble (I was actually doing really well financially at the time). It was at my parents' request because they're both in their 70s with serious health issues and they were raising my three nephews (their grandkids). One of the nephews had joined the Army and moved out, but the other two were still living there (one was still in high school at the time, but has since graduated). So, I moved back in to take some of the pressure off of my parents and to try to push my nephews out of the house to go live on their own. Which is not that easy in this current economy.
I moved home 10 years ago bc I got diagnosed with a chronic autoimmune disease that severely affected my life. I’m a single mom, 34, so I’m grateful that I can be here. There’s no shame in living at home. I’m a black American, my family in Mississippi all still live together as does the majority of the world. People don’t move out until they’re married in other countries, so I don’t see anything wrong with it.
Never too old in my opinion. Let’s help out this generation instead of making them feel worse than I’m sure they already feel in these hard times.
Nothing wrong with it at all especially in my culture. Don't let other people's opinions on your life have an effect on you. Pay them no mind because they aren't paying your bills.
Thank you❤
I have a large house with 3 separate living areas, entrances and kitchens etc.
I think my kids should absolutely live with me as long as possible and stack that bread. The key would not to become a crutch for them. They’re teens now… so we’ll see.
I was 24 when I got married and we lived in my parent’s basement for 7 years before we were able to buy our first house I was 32 when we moved out in 2016. That was the best start our family could have ever had!❤
Edit: you don’t have to struggle in a bad apartment in a questionable part of town by yourself or with five or six extra roommates just to tell yourself this is what I have to go through so I won’t ever have to go through this again. That is ridiculous! If you have the help to live a better life do that especially if you know that your life is not going to be forever with your parents or with the help that you’re receiving don’t move out and throw money away in renting when you don’t have too.
Most of us who are not religious or traditional don't have that luxury, so we pretty much have to jump ship as soon as we reach early adulthood.
25 and that depends on the individual’s contribution to the household. If they are laying around using resources but not helping clean, cook, take out trash, or even something as simple as not turning off lights not being used, then 18 or high school graduation plus 90 days. In previous multi/generational households, everyone made a contribution.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I really don't understand this generation. If you're staying with your parents, it's supposed to benefit you financially. This means you should save and invest your money and live well below your means. If you're not doing this, it's a wasted opportunity that you will regret.
My mom is to old to live alone anymore 😂😂😂 back together again
F society norms, if you can live with your parents Do it!
As long as you are contributing.
Investing puts money to work. the only reason to save money is to invest it, wise spending is part of wise investing And it’s never too late to start.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or crypto and stocks.
You're right, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Matthew Roszak, has been an amazing experience.
@@Aprilweaverr most people fail to understand that living a Life without passive income isn't worth much except trying to pay off debts and loans.
Wow. I'm a bit perplexed seeing Matthew been mentioned here also Did not know he has been good to so many people too this is wonderful, I'm in my fifth trade with him and it has been super.
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
The most frustrating part of dating was always dealing with parental restrictions that made it impossible to have a girl over.
That's one of the reasons why I chose to move out before reaching my 20s, so that I wouldn't ever have to suffer that.
Indeed@@obitouchiha6439
You have loving parents. Don't take them for granted.
I graduated nursing school at 26 in 1996 and I knew, without my parents actually telling me, that I had to move out. I was scrambling for a decent paying 1st job and landed one out of state 2K mi away. My dad made it very clear, non verbally , that I had to find work and move out ASAP.
Culturally, it is normal for many. I moved out at 17, but wished I would have had a better home to stick around during college in and started out in debt. I hope to help my kids not start that way. People need to do whatever helps them and their family. You do you, boo. Don't judge.
Nothing wrong with staying home. I encourage my kids to stay with me as long as possible ❤ I would have them pay rent and put their money away until they're ready to leave
Most people that stay at home are less motivated (because they have less ‘problems’), and oftentimes spend that extra money on things they don’t need or can’t afford (trips, cars, cloths etc)
@@tayross97 exactly. Living away from parents, not only frees you from parental authority, but it also provides you with structure that living at home can't give you.
The best way to get out of your parents house is to learn a good trade. While I was in college I worked my butt off. I learned the Electrical Trade and the Heating and Air Conditioning trade and became a contractor in both trades. I worked 7 days a week for at least 10 hours a day for several years, to take care of my wife and kids. I then was able to hire employees and life became easier. You must have a good work ethic and learn a good trade, or start a business, or take your skills and good work ethic and find a good job. There is no other way nowadays. I am 74 now and retired. May God Bless all of You.
I’m a senior and my son had to move back home. Right now he is not able to handle the expense of living alone on his salary while supporting two children. Life has certainly changed since I was a young woman. Glad to have him home.
It this juncture, I see multi generational households where everyone supports one another. Families in Asia live in the same household and support one another.
I'm eagerly anticipating a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also thinking about investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen substantial trading profits, but there are worries about the market's instability and the possibility of a dead cat bounce. Can you explain why this market phenomenon happens?
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.
You're not making mistakes; you just don't have the know-how to profit in a tough market. In such challenging times, only highly experienced individuals who went through the 2008 financial crisis can anticipate making significant profits.
Lately, I've been thinking about reaching out to consultants for advice. I'm at a stage where I could benefit from some guidance, but I'm uncertain if their services would truly be beneficial.
Desiree Ruth Hoffman, my CFA, is well-respected in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking guidance in the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Reason : help,with two severely disabled younger sisters. I am beyond grateful for my adult daughter being here. You never know what families are going through and the “whys” of family situations.
I know that people are laughing at the guy, but so many of us miss being taken care of when we get sick.
I never really put much thought about this until now, but when I'm sick I like to be left alone until I'm better. I think I just hate being a burden to anyone, even if that someone wants to help.
Thats why we get marrried because then you will have someone that will take care of you when your down bad and you can return the favor aswell
@@eliotness107marriage is dead. These days trusting someone is impossible.
Same for sure. Take care of me by giving me peace and solace @@RyChOr2005
I legit called my mom the first time I got food poisoning... She told me good luck she was getting on a plane haha. But when I felt awful and I was by myself all I wanted was my mommy ❤
Calling mom was hilarious. 😅
I live in Hawaii and the cost for housing is way too much for my $50k salary. I couldn’t understand why my take home pay was so low even when I claimed one instead of zero. It turns out there are a lot of deductibles that happen which decreases your take home pay from tax withholding, social security, Medicare, insurance premiums, 401k contributions, etc so it’s not much after that. I’ve been living at home and just stacking. With interest rates high on money market the interest I receive monthly is about the same amount of one take home pay check which I find astonishing!
Real estate, especially housing, is generally seen as a stable investment that appreciates over the long term. Property values tend to increase with inflation, making it a good hedge against rising prices
Investing in rental properties can generate passive income through rent payments. If managed well, this income can cover mortgage payments and other expenses while also providing a steady cash flow.
Real estate allows investors to leverage their investment by using borrowed money to buy property. This can amplify returns, but it also increases risk if property values decline.
Real estate investment comes with several tax benefits, including deductions for mortgage interest, property taxes, and depreciation. These can significantly reduce the overall tax burden for investors.
The real estate market is cyclical, and values can fluctuate depending on economic conditions. Investors should be prepared for potential downturns and have a long-term strategy in place.
Investing in real estate often requires a substantial initial investment, including the down payment, closing costs, and ongoing maintenance. This can be a barrier for some investors, particularly in high-demand markets.
Millennial here yeah. I moved away when I was 17 yo and it was so easy to live....now 20 years later....like not even with double the salary
It will be a cold day in hell before I move back to my mom’s. 😂
🤣🤣
Right?! House rules and curfew as a grown ass, working, taxpaying ADULT?! Hard pass. 😆😆😆
I used to feel guilty living at home pass the age of 30 years old, but now when I think about it the family members I live with are struggling also we all need each other to make a living, like they said more heads are better then one, while living at home I just help with errands and other things that they need help with. The best part of it is you can split the payments for grocery, rent etc.
Don't leave your folks unless you have to. ❤
What if they want to leave? Most people don't want house rules or curfew to be a part of their adult life.
Multigenerational living should not be a shame. It used to be the norm for adult children to live with their parents until they got married. Moving out at 18 was pushed for consumerism from retailers. My kids live with me, they are respectful helpful and are saving money to skip the apartment life and buy a home when prices are reasonable they will have more than 20% to put down.
shout out to the folks who have no home to go back to - you may have to grind 10 times harder and ride out the waves but you've got this 🙏🏽 head up, many blessings to come.
✨
My son was 17 and up all night pacing the floor with ear pain. We were all out of pain reliever. He didn’t want to wake me up. I told him that’s the time to wake me up. lol. I did go buy him ibuprofen at 6am, took him to the dr at 8am, he had an ear infection.
It's such a mentally unhealthy move but due to the insane greed of landlords and the incredible ineptitude of politicians here we are. I hate it all.
My son went the traditional route like I did and started with a crappy job. After a year doing that, he decided to give RUclips a go. I bought him a killer rig about 5 years ago to get started. He has been very successful , has his own apartment, and saves a ton of money. I think kids need to look at other ways besides the slow climb.
depends on the culture, and thier economy.here in the Dom. Rep. alot of times they never move out, and build a little casita on top of the mamas house when they get married.brace yourself
america thats where your headed, due to needs.
Well said, in Country is the same..😂😂😂
That most likely won't happen, as many of us westerners (myself included) are not traditional or religious.
I used to have a coworker who was 70 and still lived with his Mom.
Probably taking care of her..not sponging off her like the younger generations..entitled and lazy
Loser
Love the call to your mom - miss talking to my mom and grandma ❤
If you go to college you are already financially doing better than most. This generation does not understand what poor is. They are complaining about living a good life, but not the best life. It takes years to get there, regardless each generation had their issues.
I lived on my own from 21 to 33. In 2023 at age 33 I moved in with my mom. Not due to finances but because my neighbors were hoarders and brought roaches and mice to our building and I don’t live like that smh. Anywho, I saved $30,000 in that one year not having to pay full rent and utilities. We actually still live together and I just turned 35 in August 🤷🏾♀️. I’ll leave when the right opportunity presents itself to own a home and when my car is paid off.
I'm 33 living at home. Guess what? I paid off all my debt, got a big savings, and have financial peace. The only reason I am still home is because I can't afford a house right now where I live. So I am still saving and trying to increase my cash flow even more while I wait for housing prices to make sense. I have zero reason to live on my own right now and I find it hilarious so many people would scoff at that. Guess who's winning financially? I've lived by myself. I know the struggle. I moved across the country. What's better is having a debt free low cost lifestyle, no payments, and a bright financial future on my terms. Also me and my parents have an even better relationship now.
It's too old when you have a real and serious partner
Ideally, young adults should be out of their parents' household, prior to seeking a partner.
To me living with your parents there has to be an exit plan. If I was a parent, it would be a certain amount of time and have to show savings as a result. This wouldn't be so they could take a trip to Europe with the savings. This would be to buy a car or down payment on a house or some other investment.
I bought my first house when I was 25. I was able to do that because of working hard during my teen years and had a down payment saved up.
There is no shame. I am a 40 something Japanese person and my parents and us we live in the same house. I also know an Indian family there the whole family including grandparents live in one house together! I think the idea of you have to move out when you are 18 and start your life is too much in these times.
Moved out my parents house 1985 I was 23 living with my fiancé , things didn’t work out but it’s a lot easier to break up when you’re not married ! My mom called and said if you want to come back home you can ! So I did just paid them rent until i got married in 1990! Things were wayyyyy more affordable then .
I know a man thats in his mid 40s that still lives in moms basement for 20+ years! I think thats sad.
How much have you put away in the bank?
Beyond sad. A complete loser.
In Africa, adults with their families live with their parents.
Not being able to date because you are forced to live at home due to the economy is like a one-two gut punch and getting kicked in the balls simultaneously
Confirmed. Rising cost of housing is the cause of involuntary celibacy. Glad I was able to move out before turning 20.
Moms response is great 🤣🤣
You have a good pair of parents dude
Always call your folks! That interaction. Was. Hilarious! 😂 Cheers! 🍺
The young lady that said she have financial freedom, and can quit a job if she wanted to is very blessed. I hope she is contributing good money to her parents household. Alot of people will never or have never been able to go back to their parents or parent home. I have been out on my own since 18 years old. I have nobody to fall back on, but I hate the thought of being envious or jealous of an individual who can. I hope the best for everyone. I know I am very rare in this evil world.
I work a full-time job and graduated college a few months ago. I live at home so I can save money for Grad school. I have stuck to that and have saved quite a but so far. My parents are really nice to let me live there rent free for the time. This is helping me so I'll have low debt out of grad school. I don't give a RATS ASS what girls think of me right now. Most girls my age date guys who are older and have more money. Those guys had to suffer through being poor, too, while they made something of themselves. Dating is the LEAST of my concerns right now. I'm trying to make something of myself.
Agreed. Don't be lazy and have an exit plan.
Why would somebody think that just because a guy is 26 that your parents wouldn't ask if you were okay?????
You came out of your mom's womb! They saw your first steps! They are of course going to ask what is wrong!
Weird.
I lived in my car for about 3 almost 4 months until I was able to put money towards an apartment. . . . An still would choose my car over going back to living with my mom ever again
BASED.
I'm 24 and just about to start my second semester of my ABSN program. I still live with my parents so this is basically my ticket (assuming I pass) to actually nab a good salary and finally feel like an adult. Insane how you have to sacrifice your soul for the few jobs that don't pay peanuts.
The woman in the pink shirt saying living with parents doesn't help you get a rent history ... WTF? Renting isn't a flex either! It's the opposite.
Many young people stay at home to save a down payment, precisely so they never have to rent. They win.
Yea, solid point. Not having to pay rent would deflect me from moving out a bit longer as well. 👍
It’s not meant to be a “flex”. It is a way of building a credit and rental history to establish that the individual has a track record of paying on time and is less of a risk to a property owner than someone with no rental history.
We are on survival mode now.
Mom was quick to throw out the Jack Daniels card.
Some people don't even have parents to move back in with.
I'm a 38F and have returned home "after 18" more than once in my twenties. I could go on and on... it was NEVER good and our relationship has never been the same. Being an adult child living at home blurs the lines of responsibility and accountability- huge important lessons that I feel we are all greatly lacking. I have known friends who lived in their parents basement while they build their home allowing them to save on rent etc.
I am 68, I have never seen anything like this economy. I see no reason multiple family members can not live together.
I moved back home to live with my parents after graduating from college in 1995. It was one of the smartest decisions I’ve made. Doing so allowed me to save up a lot of money until I got married and moved out of their house. I was able to build a strong foundation financially. To this day, I have not had to worry about money because I had a great start in life. My wife and I also want our son to live with us and he graduate from college. We want him to have the same advantages in life that I had when I was his age.
14:53; She was saying that even though they are poor, they are not struggling because they stick together and help each other out. You latched onto an example, but skipped the whole point. Why struggle as individuals if you don't have to when instead you can pool resources together as a family and keep each other afloat? Why live with strangers and give strangers your hard earned money instead of family?
I think of the bits of her how she claimed being lazy and relying on them for food and stuff. That part just sounded bad. Just quitting your job just because its stressing you out? Is quite entitled
@@THETHIRDL2009 ,She said that she could be. Not that she is currently. It's a matter of being stable and surviving together vs struggling alone. (While still having to be living with someone else regardless)
So let me ask you this, would you rather pay to help keep your Grandparents and family afloat or would you rather be paying some strangers mortgage+?
@jessicathompson236 oh no I completely understand I still live with my dad. Or course I'd rather help my family. It was the phrase of how she said it. I wasn't saying it's not good idea.
Because some of us are not religious or traditional. Some of us prefer to have an individual home life, without being required to answer to anybody. Spending more money on housing is well worth it if it means having freedom from parental authority.
Sure ... but we've known thingswere heading this way for at least four years. Kids who were finishing high school then, likely knew that a modest income wasn't going to cut it - and their parents definitely knew. Thus they had time to choose a path leading directly to a higher paying job. A STEM degree, or a trade, etc.
Luxury degrees ( arts and humanities etc) are for rich people.
Im 49. I can't move back in with my parents because my parents are deceased and I do not have adult children even though i'm old enough to have a 32 yr old kid. I do not have kids and I also do not have brothers and sisters. And everybody I know has their own family and everybody I know lives 25 miles south of me.
The fact is, if you are born in this country, if you are a u s citizen and if you are white, so maybe you were born here and you're not an illegal immigrant, you are not a priority in this country that is the sad truth, and the mainstream media is not covering this
Don’t let people pressure you to leave home. Help pay bills, you’re still an adult. I think we put too much pressure on old values regardless of the economy. As a parent you should push your kid to thrive certainly but people are barely making it. One paycheck missed and you back home. Ungrateful spoiled, lazy brats should get kicked out.
I was 21 before I left the nest. It took me long enough to get a real job. A job that I can sustain a livable wage. But I did pay rent to my parents after I turn 18.
Funny how the world works and this is your video topic this week. I will be moving back into my parents house at 36 years old early next year, however it’s because they are moving out of the country for my dad’s job for two years and I will be watching the house. I will be paying internet and utilities while they are an ocean away. Definitely taking advantage of this time to save over 2k a month and building that down payment. I’ll also be selling my car to cut down on expenses, as they have three here for me to pick and choose from and even a 35’ RV that I will have to start up from time to time 😂. It will be a lot of work .5 acre lot. So yard maintenance will be a hassle. But the overall long term outlook will allow me to be in a better place once this is all said and done. Like one of the individuals said in the video, it isn’t a problem if there is a purpose to why you’re moving “home”.
What an opportunity! Take full advantage of it!
@@jjbuckner Yes sir, will do! 👍
Personal opinion never should be ashamed to live with your parents it might be a waste of money for your future to move out and rent or buy a home
I'm personally glad to pay more money to live on my own, since it means that I don't have to obey my parents or answer to them.
People used to stay with their parents/extended family until they got married. Even then one spouse might move into the other family’s home.
That only makes sense for people who are religious and traditional. Most people (myself included) don't subscribe to conservative views or filial piety, so we don't get to have the luxury living at home. But in the bright side, we get to have freedom from parental authority and do whatever we want.
My brother moved back with my parents, He had the whole downstairs to himself as it was like a home itself down there. He looked in on the folks and while they were away on vacation.
Do what you want. If you need to stay with your parents do it. If you like your own space, do that. Both are nothing to brag about.
I was in between jobs & moved back home with my mom but couldn’t afford half the rent (2k) so she sued me and I had to move back out
I moved out at 17,, bought my first house at 21.. Things were a little different in the 70's...
Just so we're all clear, living with your parents is completely different from living off your parents.
Times are getting so rough that it's also the other way around. Parents are moving in to live with their children.
I think about 24-25 is too old to still be living with your parents.
I would say 21 is a bit too old. I think by the time somebody is 18, they need to think of a plan to at least get a basement flat.
Let's build a family compound and work together.
Man, I thought I was making $60k a year at $28 an hour. Disappointing. Actually, I'm fine with what I make.
You gotta factor in your take home after taxes are stolen out
Never settle. Open your own business
When I was young, I worked as a receptionist, lived in a 701sq ft apartment by myself, in a very good neighborhood. Once I paid my rent and bills, I had more than enough money to save. Sad that this world is gone due to complete greed by our government and corporations.
I moved out at 22. Bought a house by 25. Rented out the house and jumped state to state then came back to my state but different city only to be displaced by a hurricane. I moved back home with my mom because I didn’t want to uproot my tenants. Tried looking for a house to buy, it was rough. My tenants DESTROYED my house so I had to fix that and since I couldn’t find “the perfect property” (I was really searching for Eden y’all 😂) I moved back into that house and if I need to, I can go back to my childhood home. I’m deep in my 30s now. I would say live at home as long as your parents will allow. I’m really thinking about renting my house back out and living back home because it’s nice to have a village.
Your mom is wholesome lol.
i’m 31 with a 9 year old and if I had the option to move in with either parent for awhile i 110% would.
Struggling is for the birds 🦅 😂 I had an apartment on my own for 3 years right out of high school and living paycheck to paycheck is not it.