If you have adult kids living with you, do you charge them rent?
If you are living with your parents, do you pay or contribute to household expenses?
Do you support your friends or family financially?
Are you a part of the sandwich generation?
This week, George and Shawn tackle the topic of contributing to household expenses. Nearly 1/3 of 18 - 34 year olds are living at home with mom and dad, and nearly 3/4 of them are contributing financially, according to an article on Yahoo.com - https://finance.yahoo.com/news/sure-hope-won-t-let-120000054.html
In addition, more than 20% of all americans are relying on friends or family for additional support - https://finance.yahoo.com/news/over-1-5-americans-counting-173000561.html
We talk about why these numbers are relevant, as well as when you should start talking to your kids about money, and about contributing to the household.
Let us know if you enjoy this episode and, if so, please share it with your friends!
Please also visit our sponsor, Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.
Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt
To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach
To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com, and support Shawn's Purple Stride team, MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08
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Episode 164 - Alternative Business Lending
Episode 163 - Dumb Things Banks Do
Episode 162 - Nobody Likes Life Insurance
Episode 161 - Give Your Way Out of Debt
Episode 160 - The Protecting Tenants in Foreclosure Act
Episode 159 - Starting a Business with Derek Bernstein
Episode 158 - The Good, the Bad and the Ugly of Credit Repair
Episode 157 - Wealth Management with Chris Calandra
Episode 156 - Podfest Multimedia Expo 2019
Episode 155 - Reading Your Mortgage
Episode 154 - Asset Protection for Real Estate Investors
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Episode 152 - We Close Notes with Scott Carson
Episode 151 - Home Health Care
Episode 150 - Goal & Accountability System
Episode 149 - Budgeting for Success
Episode 148 - Networking Advice from Rob Kellog
Episode 147 - What's the Difference between Chapters 7 - 13 - 11?
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