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 127 - Timeshare Exiting with Gordon Newton
Episode 126 - How to Complete Schedule I & J of the Bankruptcy Petition
Episode 125 - Parents' Responsibility for their Kids with Attorney Dale Appell
Episode 124 - Taxes Tampa and Tax Myths with Stephanie Heredia
Episode 123 - Protect Yourself from Multi-Million Dollar Verdict Injury Attorney Dale Appell
Episode 122 - Crushing Debt Update & 1031 Exchanges
Episode 121 - Mortgage Originator Jeannine Smith, Fairway Independent Mortgage
Episode 120 - Safely Using a Reverse Mortgage with Michael Banner
Episode 119 - Jimmy Murray, Debt and Jokes
Episode 118 - Garage Sale Lessons III
Episode 117 - Physical & Mental Coaching with Patty & Marleta
Episode 116 - Real Estate Investing with Rich on Money
Episode 115 - Military Retirement with Forrest Baumhover
Episode 114 - The Military Guide
Episode 113 - Blooom.com
Episode 112 - First Party Litigation with Jim Jenkins
Episode 111 - What Does the Seller Have to Disclose to the Buyer
Episode 110 - Break The Business
Episode 109 - The 10 Most Expensive Tax Mistakes that Cost Business Owners Thousands
Episode 108 - Form 1099-C, Cancellation of Debt
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money