Anonymous wrote: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.
Anonymous wrote:american parents throw their kids out into the garbage to they can live their selfish lives acting like boomers
Anonymous wrote:Anonymous wrote:What us average rent for 1 bedrooom these days?
$1500
BS! Try $2500 for a decent, livable 1 BDR
Anonymous wrote:Anonymous wrote:I wanted out after high school. I moved to another continent and put myself through school while working.
Not sure why anyone wants to stay with parents after college. No need to say anything.
Because every one is different? There are many ways to launch into adulthood and yours is not the only way!
Anonymous wrote:It never occurred to me that there was an alternative to finding a job and an apartment and supporting myself after college. So that's what I did. I didn't want to go live in my mother's house anyway.
Anonymous wrote:if you start charging rent, it is less desirable for them to stay. many parents will give the rent back once kids moves out.