Reply to How much money should a 30-year-old male be sending his parents per week?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am immigrant. I have White friends who will pay $$ for their elderly parents rent. [b]In their shoes, with the friend's income and the huge homes that they live in, I always wonder why not let your parents live with you? [/b]

That way you save your money and they save their money. You are already trying to bail them out and their situation is only deteriorating? Very soon you will be trying to take care of their failing health and put yourself under the immense stress. [/quote]

Because we live in a society where adults who live with their parents are looked down upon and seen as lazy and unmotivated. Sad but true.[/quote]

This is one of the reasons why so many young people have so much debt.  I lived at home with my parents until I was 31 years old and saved up 90% of my 140K/year salary.  I drove the same car for nine years that my parents bought for me as a present after college graduation.  I didn't have to pay for rent, food.  I used 10% of my income on car insurance, phone bills, and  two weeks vacation every year to travel to Europe, Asia, or South America.  I put 90% of my salary into high growth investments.  By the time I turned 31 and got married, I had over 2.5M in cash from the money that I invested.  When I met my gf, now my wife, at the age of 29, I explained to her the reason I lived at home, to invest in our future together. [b] Two days after we got married, I wrote a 200K check to pay off my wife's student loan debt and bought a 400K condo for her parents.  [/b]

There is no freedom unless you have financial freedom.
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VERY VERY FEW men would so something like this in the year of 2022.[/quote]

It seems you didn't pick an equally successful partner. What did you do for your own parents? [/quote]

Huh? I'm single. All I did was acknowledge that very few men want to take care of their partner's family.

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