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Reply to "Anyone's parent ask them to move out of the house after college? How did they say it?"
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[quote=Anonymous][quote=Anonymous]i am 50 years old, and my wife is 49 years old. We were both laid off from our Federal government jobs last month after fifteen years in the government (ten years in the private sector). We got married in 2000, right after graduation, and lived with my parents for ten years in order to save money. My parents did not charge us rent, food, and utilities, so we were able to save about 90% of our salaries after 401K and Roth IRA accounts. I was making around 90K/yr and my wife was making around 80K/yr in 2000. We used that money to invest aggressively in tech, and it really paid off in those ten years. When my wife and I were ready to move out in 2010, we had over 4M in the bank, excluding the 401K and Roth IRA accounts. We used 1M to pay cash on a home in the McLean area, and continued to invest the rest. When both of us were laid off last month, we knew we were going to be OK, because my parents let us live with them for ten years after graduation, so that we were able to save so much money. We have enough money to live comfortably for the rest of our lives without having to work another day in our lives. Our current net worth is around 10M. I am doing the same for my two college kids. They are welcome to stay with us for as long as they want in order to save money.[/quote] At least you’re honest in describing how much help you got from your parents. You worked hard, I’m sure, but you were fortunate to have such caring parents.[/quote]
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