worse financial advice u've seen or heard... "move back in with your

[flint-rod]

parents and minimize your debt..." not all of us have the luxury of moving back in with our parents... lol!

[theking]

Yep, agree that it's not good advice ... as I was taught how to support myself when out of the nest and/or contribute to the family, and not leech off others from a young age.

UNLESS, you have parents like YAX where he doesn't care if his kids abuse him and don't respect him, he'll still create enabling behaviors...by allowing them to leech off of him..

[Believe_N_Me]

There used to be a time when you were all under the same roof because you supported your parents while they helped watch your young children.

Nowadays, it's either:

- grown kids and their family leeching off parents.

or

- aging parents are abandoned by grown kids.

But there are incidents of parents who leech off kids, grand kids, and don't want to play their role as grandparents.

[VillainousHero]

Does this count if, your parents moved in with you?

[hmgROCK]

parents and minimize your debt..." not all of us have the luxury of moving back in with our parents... lol!

Bro, you hurting??   $$$$

I told you
You are on a teacher salary
Shouldn’t be buying iPhone and iwatch
Nike shoes
And $200 sunglasses
Or $300 st croix fishing pole
Can’t even catch fish with it


Need to cut back on your expenses
Might even downsize your house
And move to an apartment

[flint-rod]

Bro, you hurting??   $$$$

I told you
You are on a teacher salary
Shouldn’t be buying iPhone and iwatch
Nike shoes
And $200 sunglasses
Or $300 st croix fishing pole
Can’t even catch fish with it


Need to cut back on your expenses
Might even downsize your house
And move to an apartment

hurting for cash...? not the least bit... i read somewhere someone suggested moving back in with parents to save money... i just thought that was bad advice because our parents aren't always going to be there for us... what's worse is if you're a parent yourself moving back in with your parents because you aren't responsible enough to manage your own finances... lol!

[hmgROCK]

hurting for cash...? not the least bit... i read somewhere someone suggested moving back in with parents to save money... i just thought that was bad advice because our parents aren't always going to be there for us... what's worse is if you're a parent yourself moving back in with your parents because you aren't responsible enough to manage your own finances... lol!

bro,

no need to lie, man
we all got TV
we see those denver teacher strike, it's on NATIONAL NEWS
you are on a teacher salary, it's not a secret how much you making

[flint-rod]

bro,

no need to lie, man
we all got TV
we see those denver teacher strike
you are on a teacher salary, it's not a secret how much you making

true my salary is public information but i live within my means... hmgrock, im 40 yrs old... it took me time to accumulate my wealth but if i showed you my 410k along with all of my investments and savings... you'd be blown away by how much i have... that doesn't include my home... that's why in my later yrs... i'm going to splurge a little just incase i die... then all this accumulate wealth will go to waste... lol!

[hmgROCK]

true my salary is public information but i live within my means... hmgrock, im 40 yrs old... it took me time to accumulate my wealth but if i showed you my 410k along with all of my investments and savings... you'd be blown away by how much i have... that doesn't include my home... that's why in my later yrs... i'm going to splurge a little just incase i die... then all this accumulate wealth will go to waste... lol!

bro,

i thought you public worker usually takes the PENSION plan over the 401k
you sure, you know what you are talking about
i used to do financial  work (accounting)

my advice to you is
to

1. downsize, sell your house
2. get a cheap 1-2 bedroom apartment for $400-500

if you don't want to move back with your parent

[hmgROCK]

again with the houses

it's call UNREALIZED LOSES/GAIN
you can give your house any value you want
above the market price or below

shoot you can even say your house is worth $2 million (hahahaha)

but until you sell it for $2 million
it is UNREALIZED LOSES/GAINS

[theking]

hurting for cash...? not the least bit... i read somewhere someone suggested moving back in with parents to save money... i just thought that was bad advice because our parents aren't always going to be there for us... what's worse is if you're a parent yourself moving back in with your parents because you aren't responsible enough to manage your own finances... lol!

Can't expect someone that lives in his "mommy's basement" to grasp that flint..

[DuMa]

The key to life is to live with your rents as long as you can while reaching for that goals of one day, you will spread your wings and fly. 

My kids are not going to live with me while glue to their video games by the way.  Unless their games are a source off income.  Like a CEO, I need quarterly results cuz papa is going to turn you into a real man with your own cot dayam problems and responsibiliti es.  Without it, you will never grow. 

Don't wait till the going gets tough to hit you in the face.  Then again, it is also a must so you can have that life experiences to preach to your own kids. 

[hmgROCK]

Lol

How is my thread and comments getting ban and delete

Too funny

[flint-rod]

bro,

i thought you public worker usually takes the PENSION plan over the 401k
you sure, you know what you are talking about
i used to do financial  work (accounting)

my advice to you is
to

1. downsize, sell your house
2. get a cheap 1-2 bedroom apartment for $400-500

if you don't want to move back with your parent

that's your misunderstandi ng... i have a pension which my employer matches up to 7 percent... i also have a 401k which i contribute 10 percent to... lastly, i have a term and whole life insurance policy which will buffer my income once i retire if my 401k should perform poorly... my pension will pay me the average of my 3 highest pay because i don't pay social security...

[flint-rod]

also a 1-2 bedroom in denver ranges from 1500 to 2200 per month... my mortgage is 900 per month... lol!