Reply to controversial opinion: money & finances edition

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Live with your parents after you get your first job if you are in the same city.  Save, save, save for 1-2 years until you can have a nest egg, a down payment for a house.  My cousins did it and they were in a great financial position after 3 years. Yes, they paid their parents for groceries and utilities but not for rent. [/quote]

This doesn't work for everyone.  Some people have dysfunctional parents, and living with them is toxic.  Aside from that, I think that there are some self-sufficiency lessons never learned.  The few people I know who lived with their parents for a few years ended up only moving out when they were about to get married.  They went from living with parents to living with a spouse. They lack a certain grit.  They are insufferably naive.  [b]I think that everyone should live on their own for a few years.  [/b]Learning to budget (and save) with expenses and on a low salary is a tremendous learning experience.  I think it always shapes character in such a way that the person appreciates what is truly want versus need.  [/quote]

Living on my own in a new city was the best thing I did to help myself grow as a person.  Living at home would not have been worth saving money. [/quote]

Of course, to every solution there is pros and cons. For some people living a few years with parents have such an impact financially that for the rest of their lives they are ahead -less debt, more savings, a house, college fund for kids, retirement etc.  I recognoze that not many want or need this leg-up. [/quote]

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