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Reply to "Do you accept financial help from your family?"
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[quote=Anonymous]My parents have since passed away, but I did when they were alive. My mom bought our house and we paid her a mortgage (officially documented with inter-family loan rates) to save on paying interest to the bank. I'm sure she would have paid for schooling for our kids had she lived that long (and the inheritance from her will now pay for it). She also helped with my husband's law school tuition. If your parents are wealthy and want to help you without strings (I know some people are incapable of imagining these relationships), and that money can improve your quality of life and your children's lives, not taking it seems silly to me. It hasn't affected my work ethic at all - I now have a significant net worth from the inheritance and continue to work, send kids to public school, don't spend excessively, etc.[/quote]
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