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 108 - Form 1099-C, Cancellation of Debt
Episode 107 - HelloAlex.io
Episode 106 - Christie Arkovich discusses Robocalling
Episode 105 - Mary Wheeler of Abundant Wealth Solutions
Episode 104 - Property Tax Portability
Episode 103 - Bankruptcy Cases "Dead on Arrival"
Episode 102 - Michael Holmes with Delta Credit Restoration
Episode 101 - Interview with Bankruptcy Attorney Carmen Dellutri
100 - EPISODE 100!
Episode 99 - Christie Arkovich and Parent Plus Loans
Episode 98 - B.O.U.N.C.E. back with Robin Lavitch
Episode 97 - Cost Segregation with Michael Watkins
Episode 96 - Usury Laws
Episode 95 - Entertainment Lawyer Gordon Firemark
Episode 94 - Michael Holmes with Delta Credit Restoration
Episode 93 - Christie Arkovich & Public Service Loan Forgiveness Program
Episode 92 - Robin Lavitch with Surpass Your Goals
Episode 91 - Nick Raithel and the REI 7-Hour Book
Episode 90 - Interview of Julie Shopa with Clarity Finances
Episode 89 - Happy Thanksgiving!
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