My Parents Are Broke! What Should I Do?
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What's worse than being young and struggling is being old and struggling. You're out of strength and time.
Exactly. Don't want no part of it.
Exactly. You can't finance retirement either.
For sure
FACX
@@rhoonah5849
Old boomers hate they kids and need đ”
Also, telling us get a real job when retail literally pays their billsđ
It must drive Dave crazy to ask a simple question and have to wait through a life story to get an answer.
Chris Walker seriously !!!!
It's his job. I'm sure he is used to it.
Depends on daves mood or timing if the show. Some days he's more patient. Other days he's "get to the point!"
harrison wintergreen i'm "get to the point", everyday!
Yessss! Sheâs sharing too much irreverent info. Give Dave the facts and get to the point. Iâm more annoyed listening to this a d her long breathing and seems like Dave is feeling the same by interjecting and not letting finish. Lol
They should have more videos like this. Showing what happens when you spend every penny you make your whole life.
Agreed
Why do all the callers sound like they just ran a marathon
Cuz they're stressed out.
She probably feels overwhelmed and stressed out.
They are, a financial marathon.
Iâve called into a radio show before. You feel a lot of pressure to get to the point and this can actually lead to a bit of heavy breathing and being anxious. It honestly caught me by surprise when the nerves get to you.
@Kai Weber đđđ
My parents are broke, said they wanted to retire broke, and they did, I no longer ask them details and let them enjoy their broke choice.
Oh, I like that! When you wear grown-up pants, you make grown-up choices and need to live with them.
Then as they get older and sicker, they will need your help, and they will be a burden on you. So prepare for that
Holy cow if she considers 100k in equity broke she should meet my family. I have blood relatives so horrifyingly in debt Dave would tell them to flee the country and start over in Peru under an assumed name.
đđđ
You made my day.đđ
Yeah...but moving costs money so... đ«
Hilarious, and I can partly relate.
Lol đ
This call should scare everyone who's currently young and in debt.
Scaring me right now.
FEAR IS GREAT IF YOU USE IT WELL
Iâm young⊠not in debtâŠ. And terrified!
Well three years later!!!! People got more debt
@@THEBIGGESTSCUMBAG Fear and Greed are magical.
75 and a half and 65 and a half? feel like they're old enough to ignore the halves and quarters here but whatever.
đđđ
hehehe. I think I stop saying "half" when was like 10 years old.
Sunny should have stopped decades ago
I stopped saying it 12 and a half years ago.
The only reason I could see it being relevant is eligibility for certain retirement programs and ages for social security.
No way I am fully retiring if I owe 275K. They both need to go back to work.
This is literally me right now. Only difference is that my parents are not even willing to acknowledge or discuss the situation đ
Go work and live on your own
Just don't breathe over the phone. Lol.
Wow
I know it sucks but itâs ultimately up to your parents to make that decision to fix the problem. You can only help yourself.
Dealing with parent's issues is so hard.
âThey were asleep at the wheel... financiallyâ
The way he words things so casually đ
Iâd like to see Dave jump on people claiming to be retired.
Retired is something you choose to do after you have developed a method to pay for your financial obligations without work income.
*These people did not retire, they quit working. There is a difference*
Agreed, but you have to be tactful as well.
The dad is 75 and mom probably stopped working 20 years ago. Not a lot of options to find a job for them that can afford all of that plus dealing with any health issues
Thank you, they shouldnât retire if they canât afford it.
@@billvigus3719 That may be true but a door greeter at Walmart can make about $15/hour.
@@mbyrd6713 sure sure, with all those thousands of Walmart greeter jobs open in every city
Scary situation. I can't imagine in my 70s and still have substantial amount of debt.
windingpath
They take home 900 a weel , so its strange they are in debt
@@kimjong-un5562 go back to North Korea
Its not scary. They sell and move into a little apartment.
Cost of living, utilities, taxes, insurance is crazy high in some areas.
Its not STILL debt, they created it.
It is not the responsibility of children to step in when parents squander their money. People need to stop holding up their parents as divine entities and realize that they are just as fallible and dumb as the next person.
I was raised as though I always owed my mother. "I brought you into this world, I'll take you out of it". Obviously an abusive scenario, but still I felt a sense of duty to return the favor. I saw my parents struggle to provide for me as a child, so I always thought it was the right thing to do. Unfortunately, it took nearly 30 years to learn that my parents' problems should not be placed upon me. Fast forward to today, my mother and step-father both squandered their money and future. Lived outside their means, drank, gambled, went on numerous major vacations per year, and now that they're at retirement age they've filed for bankruptcy twice, faced foreclosure a few years ago, and now face foreclosure again because my step-father is incapable of working due to a terminal illness resulting from his alcoholism and failure to take care of his diabetes for 20 years.. All their other children have been out of the picture for decades, meanwhile I'm the youngest with the least stable footing, yet I'm the only one helping. I've decided NO MORE. I'm out. Their problems are their own. I need to make sure I can take care of myself before anything.
@@Tamarocker88 God bless you
My parents are broke, too. I can't do much except tell them to sell their house, move somewhere cheap, have a budget but it's up to them to make the choices.
Gabster or they could live in a camper van another possibility. One way they might get to pay there bills and catch up.
Or live in your house. Americans should start getting rid of their culture of individualism. Look at the Asians and Latinos.
I can't afford a house at the moment, especially where I live. Maybe in the future.
1966, live in her house (if she had one) so they can drag her down, too, with their terrible choices? Multiple generations living together can work for some, but not if the players involved aren't on the same page.
Had the same issue with an in law to be. Tore our relationship apart because I could not give up my needs for them
My parent been broke since the day I was born and it does play a big part in your life, but still not an excuse to give up. I learned many things and my goal is to be better financially than them and not make the same mistakes.
Can 100% relate.
That's an interesting issue for generations in financial pattern.
So, now you REALLY live a better life with proper financial management yourself vs your parent since you already have an early sense in debt compared with the average including me.
So...Better, the same or trying to shake off the pass down old habit????
I pray that you do, but be ready , your parents are going to expect you to support them when you do!!
"Mathematical death spiral" three words you never want Dave to say about your situation.
Some people never learn to live within their means. So sad.
Most folks are not taught about finances.
There is a reason financual institutions, government, and schools don't teach finances.
Remember it is in their best interest to keep people "poor, uneducated, and divided"
It is easier to get rid if middle class, which is happening at a high rate.
@@geoffreydevore9503 dont be a victim
@@juanshaftpatel7488
Thanks for the tip.
Just stating some of the reasons people may find themselves in financial hardship at times in their lives.
hardship
Survival of the fittest you arenât smart enough to handle YOUR money you deserve it
Dave: "Whats their income"
Caller: "Well Mom's a pieces, But Dad likes the color Blue so its a fiery dynamic."
Best
I feel this. May parents are in their 70's, no retirement, still working, and neither myself or my siblings can afford to take care of them.
I'm sorry to hear. Same shoes as you, all we can do is do better for ourselves and our kids
Even if you could it really isn't your problem. They made their life decisions to put themselves in the position that they are in. My mother-in-law is totally broke and lives in a dinky apartment and my wife and I don't owe her a thing. She has made terrible decisions in life and it isn't my problem to pick up those pieces.
They should have said the same thing to you.
@@miketheyunggod2534 Lame comment.
sometimes feel bad, like I wish I could help my elder parents, who doesnât. But I simply donât have the resources đ
I'm hearing Tina talk about her parents, makes me appreciate my mom and dad so very much. They were frugal, scrimped and saved, took advantage of green stamps to buy us a sack of rice, or a sack of potatoes. They saved, and saved, and saved. Now mom is self sufficient, she's 90 this year, and thankfully I am just like her because she taught me by example. I am a lucky daughter because she loved enough to teach me about the real world.
My parents the same, and now they're 93 and 90 and doing well. They sold their home and are living in a duplex. They have a great retirement. My wife is frugal and our daughter is just like her. If the clearance section has nothing they like, then they spend nothing. And it better be 50%-75% off or it's not worth it. đ
â€ïž
You are very lucky
I have no respect for parents asking their kids to support them! I wouldnât do it if they have lived above their means! Sickening!!!
Wonder what it's like to be so coldhearted.
@@hopefletcher7420 âŠI wonder what itâs like to be a free loader!!! Responsible parents secure their own future and then guide their children into their own responsible futures. Donât be so rude if you donât comprehend someoneâs comment!
@@laurenandreas5950 happends to me right now ... my mother been asking money because she does not work , she left our house hold but kept asking money to me. Although small amount, i just can't help to feel angry that she doesn't contribute to out house problem but kept wanting benefits
It is hard for me to say no because of the guilt
@@powdmizu6379 Iâm so sorry to hear about your situation. Well, if she wouldnât contribute or caused problems in your household, she should leave. Some older people feel as if their children should support them, but in turn they should be a contributor to the family, a helpful member. If they arenât, talk to your siblings and other family members as to what to do. Maybe Mother needs some rules in manners!!!
Itâs funny parents scrimp and save so their kids can go to college, sacrificingâŠand when the kids become successful in life with good jobs , hardly any of them come back to treat them or buy dad his old Chevelle he had to sellâŠmy mottos always been be really sure you want children, cause they are expensive. Yes Iâm sure they are rewarding, but in todays climate Iâm not so sure.
I need to go back to work. My mother is 82 years old she works four hours a day, three days a week. It keeps her mind sharp and sheâs happier.
You're mom is a smart lady.. good for her and working a few hours a day in your 80s if one wants to and be active is an excellent idea; doing Whatever makes her happy!
Three cheers for your Mom! I do not know if this would be a solution for either of these people, however I agree with Dave that if things don't change there is no way they can keep this house.
God bless you!
I've been worried about retirement since the age of 19. I'm 52 and I still have a lot that I need to accomplish. But I will not stop putting 100% effort into making sure that I am not broke when I retire!
Plan for retirement but do not live for retirement
@@billvigus3719 interesting point of view
Bruh if she donât stop breathing in the mic.
Luke, I am your father . . .
Weldon C. Sheâs eating the mic.
She's related to Darth Vader
She's related to Darth Vader
Lol!!!!!
Can't stand people who can't answer a dang question
Jesse Bolado yeah, that call should have been half the time.
Jesse Bolado how are you?
if your 65 you can still work! don't retire if you can't afford it.
Bingo!! My mother in law decide that she was entitled to retirement in her early 60's and has been broke ever since.
Depending on health.
A lot of over-65s don't have the energy they had in their 50s. A lot are dealing with health problems that make it cruel to expect them to work. These situations are often quite tragic.
When I heard these numbers Dave this scared the living daylights out of me because I would have this EXACT situation if I was 25 years older!!! I made changes immediately
"The credit card debt is not because they were irresponsible..." - uh, yes it is Dave.
When I heard him say that, it was âWat?â They spent their credit, and kept spending it, and likely were too proud to ask for help until they were over the abyss where income was less than outgo and paying down debt.
I canât help but think they expected to just use up their equity line and die at that point.
Good lord.....why do people have such a hard time simply answering the question directly and concisely? Drives me nuts
Kate Hartmann stress
People don't think clearly when they're nervous and put on the spot
My, she does a lot of breathing in between words
I almost didn't continue watching đ And I can count on less than one hand how many times I've done that
Maybe because she feels overwhelmed and feels really bad about her parents.
most people who do not record themselves regularly have NO clue how they sound so we just have to deal with it.
Didn't pay much attention til this comment now it's getting annoying
Diabetes
Itâs crazy how folks beat around the bush with irrelevant information for soooo long when Dave asks a simple question! đ©đ©
Sell the house and pay the debt . Am I missing something here? You can buy a nice 2 bedroom condo here in NW Indiana for less than $100k This is a clear case of not wanting to downgrade.
Just saying The HOA (monthly condo fees) must be counted in too as one looks for a condo make sure they can cover that too.
How do you solve a lifetime of bad decisions in 9 minutes?
Decide to change
INSANE TO THINK AFTER 50+ YEARS OF WORK YOU DONâT THINK OF YOUR FINANCIAL FUTURE LIKE THIS COUPLE
Its amazing how so many from that generation have no concept about saving money. They just spend.
Yep, too many boomers, not all, simply had life too easy. Too much just fell into place without serious effort.
@@xyz987123abc Not all of Baby Boomers came from rich families, as you seem to think. My parents lived through the Depression so taught us to be frugal and to have good work ethics.
Itâs hard because the parents should be the ones teaching the kids, not the other way around. Having said that, kids can sit down with their parents and have a heart to heart about money, itâll just be a little awkward.
My first question would be "do they want you to take over their finances? Are they willing to move and do what you say."
The amount of heavy breathing on this call đ€Ł
She sounds tired of having to manage this for her parents
Mistakes never happen on just the last step. The same goes with success. Life is nothing more than a series of habits. You decide which to keep and which to leave behind
The best thing is that she is helping her parents. It is not always about the money. It is about helping your family members.
Most parents venture into investments to be a millionaire, meanwhile, mine just want to be debt free
That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to getting rich
Just do the right thing, by trading with an expert, I trust me you will be a millionaire and debt free
When you invest you are buying a day you don't need to work.
The real secret of building wealth is by having multiple streams of income, that's includes both online and offline investments. If you don't find a way to make money while you sleep, you are fated to die working.
Which investment is the best?
It's amazing how some people turn into zombies when it comes to their financials. It's really sad - I wish them well.
If they broke they broke there is nothing you can rather than work for you and trying to help them as much you can but don't give money to them because u will become broke too.
yea giving money to people who can't figure it out is as bad or worse than throwing it out the window.
BUT when they die, the creditors come after the heirs.
pamperedgurl But the heirs aren't liable for their parents' debts.
You just have to budget for their food and rent. Pay their mortgage. Figure it all out.
Christian Ovalle
How is that American culture allows you to not help your parents when they are broke. You would let your parents starve on SS?
I don't think Dave realizes how much $100 buys at taco bell
Soljarag5 you can buy a lot of groceries at Wal-Mart for that price.
In a month, though.
Soljarag5 he does, he owns a Mc Donalds
tonymers, McDonald's is way more expensive than taco bell...... I can get a 5 layer burrito for $1.75 and it fills me up for lunch. you aren't walking out of McDonald's for less than $4.50
Tacobell got me through college! I also won 2 ps4's and an xbox through their sweepstakes. Love TB!
$44K in credit card debt? Even if you excellent credit, they are going to have substantial monthly payments.
Having excellent credit and substantial monthly payments generally have nothing to do with each other. Your payments are based on the debt, rates, and terms. Not your credit score.
Itâs not like credit card rates are ever really low.
That's crazy. A lot of debt
What a sad story. Thank God my parents were smart with finances and do not have this kind of situation.
Your $100 a month comment reminds me of a grocery store kid as he bought a $5 lottery ticket. He said he wanted to be a millionaire and bought "only one" every day. I told him if he put that in a mutual fund he could have a million by the time he retired. He looked at me like I had three heads.
Dave: What's in the annuity?
Her: The annuity that they have and get payments from is in a certain amount from which they receive monthly payments that are directly deposited into their joint bank account after being previously sent via check on the 3rd of every month with an adjustment for the mail delay..
D: Ok, where do they live?
Her: They currently inhabit a quaint victorian two story recently painted eggshell white as opposed to the off-white that my mother originally intended due to my father being slightly color blind after an incident in vietnam in which he accidentally misplaced his reading glasses with a coke bottle, even though coke no longer included real coca--
D: Ok, wait. What's your name.
Her: My name was given to me by my late paternal great aunt Agatha, who truly loved the poetry of Bram Stoker and found my name to mean the exact moment when a solar eclipse will completely degenerate a viewers optic nerve causing severe and irreversible damage--
D: (MUTE BUTTON)... Next caller?
hehe thanks for this
Quality comment
I laughed entirely too hard at this
!
đ€Łđ€Łđ€Łđ€Łđ€Łđđđđđ
Hahaha! She was great with too much extraneous info, and nowhere near enough actual data to clarify the situation.
Sell the house..no brainer..it's over for them..
Sell the house and put them in the nursing house!!! Done and Done!!!
Sell the house. Anything to bring income help to stay a float
@@stevelemoine2388 nursing homes start at $7,000 per month per person. Unless they truly need the medical help, it doesn't sound like this would help financially
My Dad list his job when the business closed down, then his house which had to be short sold. He now lives with me in my house. He does pay the electrical bill since he uses most of the power. Heâs retired now.
@@stevelemoine2388 Putting your parents in a nursing home unless they need serious/constant medical care is cruel in my opinion.
I certainly hope that calls like these are dealing with parents who will listen. Because my mother is so stuck on my dead stepfather that she would tell my sister and I anything and hurl us under the bus, saying she is doing it all for us, yet leave us in an absolute dirt hole to not let go of her property. I have no idea how much or how little money she has. She likely has dementia she will not have checked out and is narcissistic. The best I can do is to keep my finances separate, be glad I donât live with her and stay away from the blast in case it happens. I have the most part of an emergency fund for myself but, know Iâm not likely to ever retire but, if she knew about my emergency fund, sheâd try to have an emergency and âforgetâ about her annuity.
They were probably super generous to loved ones and friends but failed to take care of their own finances.
Maybe or maybe they spent their money on stupid things hard to know.
Perhaps they took out student loans to help those kids? And worked hard to pay them off. God- people on here are so JUDGMENTAL. You donât here the ENTIRE story.
At least they are asking for help
They both need jobs. I don't care if they are retired
Many believe people this age should do volunteer work. When actually they need a real part time job.
It does cause one to wonder how people can reach senior citizen status and never have learned financial responsibity!
I know so many like that. My parents are worse off then her.
Boomers !
I'm so thankful for having responsible and hardworking parents. â„ïžđ
good for you. But im sure your parents are not hardworking at 75 years old.
@@levedia My pops in 74 and he works like he did when he was 50. A lot of folks where I come from do not understand the concept of not working. Even after retirement lots of people keep running small businesses or working on their farms, or they maybe try to get some other jobs. They only stop working when they are too old to do anything. I'm from Kenya btw.
@@levedia No worries.
People who call in are often very stressed, and talk too much, because they need to vent, or think they should fill in some details. Dave is on a short leash time-wise, and often is not able/willing to listen to details which may or may not be important. But we should not be critical about people who are stressed out and want to take more than three minutes to get the whole picture out there. Dave is very cut and dried, so some really need to go to support therapy for the emotional part.
Well said Lynn. This caller sounds super stressed and basically has no idea what to do. She is exasperated and at her wits end because she loves her parents and has no idea what to do and how to help them.
These are not mathematical problems...and she can't save them from the emotional stuff. Math will not change their situation. You're right. The need serious therapy...and they qualify for some assistance with that. They are living in some kind of alternate reality. She can't change that short of becoming their guardian.
I agree
That's why he tells people to go to therapy because hes a limited time offer.
Well stated.
My mom worked until she was about 75. My dad is 84 and worked half the year until this year. If you don't have money, you can't retire. It is that simple! You have to work, unless you plan and save. Her parents should check into public housing. They have senior housing that is very inexpensive. A two bedroom is around $1,000 per month in a big city. Both my parents are doing fine, but they continued to work as long as they could.
I went to have tea with my mom one day and when I opened the refrigerator to get some milk there was nothing in there but ketchup.
I went to the grocery and filled the fridge and cupboards to the brim.
My dad didn't believe in welfare so he wouldn't let her say anything.
You're a great person. God will do great things for you.
Probably better to do that then hand out money. At least you know they have food.
My house is 115,000$ and I'm about 20 minutes from Crown Point....you can find a less expensive house...but you don't want to.
david czapla my house is 25.000$ and it is in center of my city ...
Maybe she's uneducated on how to do so, she sounds overwhelmed just by this call
@@noname-qw9xg holy cow bro where did you find a house for 25 dollars?
The problem with retired people buying another house is that they won't have the money to fix things when they break! I know two people who own their own homes, ages 65 and 75 and they cannot make repairs. One needs $30K at least to replace her heating and air system. The other guy has foundation problems and a deck problem for $20K. He does not have it. 65 years old and hanging on to a house he cannot afford. It is harder to get a good job at 65 also.
They sell the house and pay off credit card debt and they will just run it up again. Itâs a sickness
not a sickness.. it's a habit.
Sell the house, buy a nice big 5th wheel RV, move them into a nice RV park for seniors if possible and let them play bingo.
You need a nice big truck to pull that thing and RV Parks are expensive. I have heard people are living on cruise ships rather than renting. Sounds good to me. Lol.
@@margaretwince2748 I've heard about those cruise ships too. Free food, free maid service and a new view out your window everyday!!
@@offgridjack5779 and no laws on the sea
That woman huffing into the mic just drove me nuts. Could not continue listening to this video.
I feel so bad for her. She is having a hard time inhaling. Not sure if it's COPD, a dysfunctional lung or weight. Praying for her healing and restoration of her lungs.
The old my children will take care of me when I get old retirement plan.
Beyond giving sound financial advise and moral support, there is really not anything else you can do. The extent of the financial advise will depend on how open they are to it. You can lead a horse to water but you can't make it drink. Good luck. Dave is right, they can't afford the current house, maybe an affordable 55+ condo or preferably a senior planned rental unit may work for them.
"You can lead a horse to water but you can't make it drink".
So true!
Rentals go up and up in price though...much faster than SSI does...
I noticed that 2-3 times Dave gave advice and framed it a certain way, and the caller basically heard what they wanted to hear.
I think this is the only time I've seen Dave get emotional, shaken up.
Very impressed with how she presented the information. She prepared for this call. đđ»đđ»đđ»
She was breathing on the mic
It's so annoying to me when people claim they're from Chicago when they dont live there. I grew up an hour outside Chicago and people would claim they lived in Chicago when talking to other people. All over the burbs no matter where, people claim they "live" in Chicago. I mean this lady lives in an entirely different state and claims Chicago as where shes from. Always found that weird about that area.
Chicagoland does have some beautiful burbs though
"Some of you spend that ($100 a month) at Taco Bell." wait can he see through our computer screens?
Lol
Why arenât the parents calling in they got themselves into this mess, they need to get themselves out.
Tina needs to let Dave talk!!
My parents pretty much are broke as well they owe more on a home that isnât worth the value at the same time my brother lives with them for free. Not much I can do for them at this point.
Such a sad story! Prayers sent out for Tina and her parents!
A lot of seniors need to downsize. Sure it's nice to live in the home you love but if you sre struggling financially, move into something smaller and heat bills go down, electric goes down, etc....Repair bills go down, homeowners insurance goes down also....
Situations like this destroy me inside. My mother & father are in there mid 50s and still renting. 4 Kids with a $2000 rent leaves no money left over so they canât and will never get ahead it just breaks my heart. As long as Iâm here they will never be homeless on my watch
Parents>Money
Awesome you are.
Now this is serious!
Iâm so glad Iâve been binge watching all these videos and being 23 almost married I donât plan to ever take a credit card out and when I retire in 30 40 years I will have saved and made so much money me and my wife will he set for life thatâs the goal the only loans I will have is student loans which I could pay in about 2-3 years thatâs it Dave Ramsey is amazing and needs to be heard more because he is amazing đđœđđœđ€Ż
You are going to ultimately hurt your credit score by not having a credit card -- you need to establish a debt to credit ratio, use the card, pay it religiously; otherwise you are not attractive to a lender buying a house or car. They want to see a solid record of borrowing and repayment.
@@MrsEJV Racking up a bunch of debt, which a lot of people do, is worse than having a less than stellar credit score.
Start socking away money now and you will be in great shape!
Justin everyone plans on having a big pile of cash someday. Majority of people never do..
@@MrsEJV Dave Ramsey would disagree with you.
I fear this situation for my dad. My mom has achieved financial independence.
One simple rule⊠live within your means!
Being from western Europe myself, it is kind of shocking to me how 4k/month is considered to be almost no income in the US
Its plenty in most of the U.S. except for a handful of large metropolitan areas.
It's not enough when you have 100x that in debt
You're not responsible for your parent's poor spending. My mother is in debt and totally stubborn. I can't talk to her.
Black Hat Ty well instead of typing try and help her
Wow what a situation. Many other families are just like that and worse. Glad I have the mindset to build and get out of debt. Thanks for sharing
i hate people that interrupt but dave interrupting her essay of a response was so satisfying
My parents donât own a house, donât own a car and my dad has likely $75k in student loan debt.
Neither of them have jobs but my dad only gets social security.
They have 2 kids (plus 2 step kids)
Iâm the only one that makes a real salary, while my siblings make minimum wage.
SoooâŠ.I have anxiety every day that this all falls on me. My parents have the audacity to want me to have grandchildrenâŠwhen theyâre already my children đ. Hate to say it but I canât stand my family. They stress me tf out.
It is okay to put distance between yourself and people who make poor decisions. Including distance from family.
The wolf is in the door, and love is out the window.
You are in charge of your own life. Having wealthy parents give u a advantage . But at the end it's your life and what you make of it is up to you đ
Might look into subsidized senior housing.
michiganre why should we pay for them to be irresponsible? They Should sell the house and pay their own bills.
I knew that she wasn't from Chicago, she's a slow talker.
itâs so stressful im 14 and i been hearing my parents talk about money for years itâs probably stuff i could do but idk itâs stressful
Take concurrent/dual enrollment in HS, then community college for 2 years. This should help you figure out what path to choose at a low cost.
Hopefully by then you find enough scholarships and grants for at least one full year of the rest of your 4 year degree. Finish according to your means.
Obtain that bachelor's and go military (commission) or federal government for the biggest job security and benefits you can play around with. Be warned: military can fucking suck but you will cut the lines in job applications thereby.
_post script (P.S.): if you go for grad school, start with the doctorate program (PhD, MD, JD, etc.) because you can get all the preference and compensation opportunities, a chance to finish a master's halfway, or just end up with that doctorate which can turn you into a Captain or GS-11. If you quit halfway with just a master's, you don't have to pay a fee to quit the doctorate program, only the tuition you paid for up front._
I only learned and finally did (half of) Dave Ramsey's steps nearer to 30, and I'm already out of debt and at 6 figures net worth in only 3 years of focus and having nothing else matter in my life as much as finances and future planning.
Well that's a bit of a lie because I'm on PSLF. Eventually the acronyms will make sense.
Find faith through Jordan Peterson or another mentor in media by the numbers. Find a spouse to make living worth the squeeze. Money isn't the end goal but it's a nice way to keep score --Trump
Both need to go back to work. Their mortgage should be paid off by now. Or sell their house, stop charging and buy a much smaller house where they don't have a mortgage.
Job market for 65 year olds lol
I'm surprised this response wasn't rated higher. Retirement is when you can afford to retire. The grocery store is always hiring.
I'm 65 ..not sure what kind of job I could get
You don't know if you don't try.
Machine Mowers I had already suggested grocery store bagger.
I hope people will just give the needed details only. No need to make excuses for wrong choices or being in a bad financial situation. That is why you are asking for help about financial issues.
Good lord, lady, ANSWER THE QUESTIONS.
$44,000 in credit cards??? Ouch...dang. Health I can understand. Shopping(clothes shoes trips, nope).
$100 a month for 40 years gets you $1 million if you earn 11.45% average after tax return each year
Hmm, where do you find that kind of interest rate?
Run. It isnât your problem
Thank you for bringing 'emotion' into this. Emotion can be crippling to a situation. Especially when it is a family home of many years etc or something that has taken a lot to get only for you to face the fact it still isn't paid for etc and cant because of interest payments, charges etc...
Is it lady running a 10k while talking to Dave ?
"Social insecurity" haha. So true!
I must be retarded because I'm still calculating for about 3k ± .5k a month when I turn 70, before inflation. Am I missing the boat on something here?
They may be eligible for Medicaid supporting living. Sell the house and liquidate all the debt, then move to another place. With Mom, we had her physician order a neuro-psych evaluation and she was found incompetent, which freed Brother and me to take over. We hired a private social worker who knows the area to find a very nice place that accepts Medicaid. She seems quite happy with a nice studio and good meals, housekeeping service, a nurse on staff 24-hours, and laundry service. She's not all that far from these folks either, being in the near western suburbs of Chicago, so it can be done.
They can find a trailer on a piece of property for cash condos have dues every month that they wonât be able to pay for in time
Good option. Buy it outright, save on HOA fees.