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
Episode 151 - Home Health Care
Episode 150 - Goal & Accountability System
Episode 149 - Budgeting for Success
Episode 148 - Networking Advice from Rob Kellog
Episode 147 - What's the Difference between Chapters 7 - 13 - 11?
Episode 146 - Thirteen Months a Year with Tiffanie Kellog
Episode 145 - Networking to Increase Income
Episode 144 - Why do our clients file bankruptcy?
Episode 143 - Divorce, Real Estate and Debt
Episode 142 - Millennial Money Makeover
Episode 141 - Happy Thanksgiving
Episode 140 - Cash Wise Ex Wives
Episode 139 - Crushing Medical Debt
Episode 138 - The Profit Prophet
Episode 137 - Life & Debt with Leslie Tayne
Episode 136 - Buy It, Rent It, Profit! With Bryan Chavis
Episode 135 - Creating A Revenue Breakthrough with Monica Shah
Episode 134 - Become A Better Agent 28
Episode 133 - Networking at FinCon
Episode 132 - Coming Off of the Freddie Mac Exclusionary List
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