I'm preparing to support my kids financially forever

[Anonymous]

Anonymous wrote:I believe there are alot of extremes in this thread but one thing I agree with some is that I'm VERY concerned for the job prospects of my two kids. One is a freshman in college and the other a junior in high school. I don't have the money like OP but I am trying to live as below my means as possible with the expectations that my kids will need a lot of help in the future. What that help will be, I don't know. But I feel like we will have to circle the wagons in a few years. I hope not. But I'm worried for the next generation.

Same. I don’t have an issue with multigenerational living if it comes to that. Covid showed us that we all can live together.

[Anonymous]

You all have some entitled and/or incompetent kids. Wow.

[Anonymous]

Anonymous wrote:You all have some entitled and/or incompetent kids. Wow.

You have no idea what is coming.

[Anonymous]

Anonymous wrote:No I expect them to have jobs but perhaps not high earning ones. So I do kind of think we will end up buying them apartments or houses. They will have to pay for ongoing costs like upkeep and taxes.

So much privilege on this thread.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:With the rise of AI, I'm realizing that I will need to support my kids financially forever. We are stopping at 2 kids. I'm a doctor and I think aspects of my job are safe but the competition to get into medicine and other AI saf(ish) jobs will be too much. I'm expecting to pay for downpayment, my grandkids, etc. Are you all planning accordingly?

Well, no shit. Since we are not going to live forever...maybe another 20 years (till 80) if we have a good running, we are not thinking forever. But, here is our plan.

- continue living a MC life even though we are UMC.
- pay fully for college (and college years), and make sure that they go to state flagship on merit scholarship. No use wasting money on expensive college when jobs are going to go away. Make them major in in-demand major. Encourage them to continue to get more education and skills to become more resilient.
- pay fully for their wedding.
- pay fully for setting up their first rented apartment when they get a job in another city - furniture, furnishing, gadgets and appliances, all digital devices, sports gear, exercise gear, luggage, first professional wardrobe. First 6 months of rent. New car. 20K seed money.
- let the kids stay free with us in our home for as long as they want. Including their spouse and kids. If they want to stay forever? Ok.
- provide childcare, pay for a nanny and cleaner if they are living away from us and have small kids.
- let them stay on our medical insurance until they are 25. Even if they are working.
- make them bank 2 years of their salary first, before they get married. encourage them to find the right partner and marry early. encourage them to date for marriage.
- be open to building an ADU in our backyard or extending our house.
- let our savings remain as is, live/save our fat pension, give them the non-taxable cash gift each year.

WTF am I reading? Are your kids incapable idiots?

Obviously raising pathetic freeloaders

[Anonymous]

Anonymous wrote:You all have some entitled and/or incompetent kids. Wow.

Rich kids are useless

[Anonymous]

Anonymous wrote:Oh - we will also buy personal robots powered by AI for them and us - 40K a pop - if it ever comes on the market. The subsequent savings and benefits will be enormous.

The robots that will murder you while you sleep when AI moves beyond humanity?

[Anonymous]

Anonymous wrote:With the rise of AI, I'm realizing that I will need to support my kids financially forever. We are stopping at 2 kids. I'm a doctor and I think aspects of my job are safe but the competition to get into medicine and other AI saf(ish) jobs will be too much. I'm expecting to pay for downpayment, my grandkids, etc. Are you all planning accordingly?

Lots of jobs cannot be removed by AI. Engineers. Doctors. Nurses, HVAC technicians, lawyers, cooks/chefs, wait staff in fine dining restaurants, plumbers, etc.

[Anonymous]

Anonymous wrote:With the rise of AI, I'm realizing that I will need to support my kids financially forever. We are stopping at 2 kids. I'm a doctor and I think aspects of my job are safe but the competition to get into medicine and other AI saf(ish) jobs will be too much. I'm expecting to pay for downpayment, my grandkids, etc. Are you all planning accordingly?

Lots of jobs cannot be removed by AI. Engineers. Doctors. Nurses, HVAC technicians, lawyers, cooks/chefs, wait staff in fine dining restaurants, plumbers, etc.

[Anonymous]

Luckily Gen Z is the dumbest generation yet they say so there’s less competition for your kids.