If you have adult kids living with you, do you charge them rent?
If you are living with your parents, do you pay or contribute to household expenses?
Do you support your friends or family financially?
Are you a part of the sandwich generation?
This week, George and Shawn tackle the topic of contributing to household expenses. Nearly 1/3 of 18 - 34 year olds are living at home with mom and dad, and nearly 3/4 of them are contributing financially, according to an article on Yahoo.com - https://finance.yahoo.com/news/sure-hope-won-t-let-120000054.html
In addition, more than 20% of all americans are relying on friends or family for additional support - https://finance.yahoo.com/news/over-1-5-americans-counting-173000561.html
We talk about why these numbers are relevant, as well as when you should start talking to your kids about money, and about contributing to the household.
Let us know if you enjoy this episode and, if so, please share it with your friends!
Please also visit our sponsor, Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.
Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt
To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach
To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com, and support Shawn's Purple Stride team, MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08
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There is Plenty to be Thankful For! - Episode 246
Saving Money by Using a Property Manager - Episode 245
Become Debt Free in Less Than One Hour - Episode 244
The Return of Short Sales? - Episode 243
Make More Money Through Masterminds - Episode 242
Better Negotiation with the Right Approach - Episode 241
A Facet of Real Estate Investing You Haven't Heard About - Episode 240
Eviction and Foreclosure Freezes Due To COVID-19 - Episode 239
The Student Loan Lawyers' Guide to Understanding Student Loans in Plain English - Episode 238
Using Social Media To Get Out Of Debt - Episode 237
Invite More Money to Flow Into Your Life - Episode 236
Build Your Way Out of Debt - Episode 235
How to Discharge Student Loans During COVID19
Should You Hire A Debt Settlement Company? - Episode 233
What Really Happened? - Episode 232
What Is A Financial Bully?
Become Debt Free With Profit First - Episode 231
How Are Your Kids Going Back To School? - Episode 230
Emotional Support Peacocks? - Episode 229
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