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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The Secret to Using Old Jewelry to Crush Your Debt - Episode 223
What is E&O Insurance? - Episode 222
How Can I be a Better Person? - Bonus Episode
Business Interruption Insurance, Part 2 - Episode 221
Business Interruption Insurance, Part 1 - Episode 220
How to Wipe Your Dad’s Butt - Episode 219
Are Loan Modifications Worth the Risk? - Episode 218
Are Payments to the Chap 13 Trustee Refundable? - Episode 217
New COVID-19 Laws - Episode 216
Bank on Yourself for Asset Protection - Episode 215
How to Choose the Right Custom Home Builder - Episode 214
Forbearances, Modifications, Foreclosures and Evictions - Bonus Episode
Two Attorneys and a Global Pandemic - Episode 213
Asset Protection Trusts - Episode 212
Zombie Cars - Episode 211
COVID-19 Impact on the Economy - Episode 210
When Bankruptcy Stops an Eviction - Episode 209
Podfest Jam Band; Meeting Listeners; Generating Referrals - Bonus Episode
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