Parents Highly Involved in Their Adult Children’s Lives

[Mik]

Yes. It is good for them to not feel immediate affluence as young adults. Shes doing well at budgeting, even if she’s made a few choices i would not have her make.

[Jolly]

@LuFins-Dad said in Parents Highly Involved in Their Adult Children’s Lives:

Texting several times a week is “Highly Involved?! FFS, what is wrong with this world.

And we’re surprised that parents and children that stay close as adults are generally happier and pleased? Again I ask, WTF?’

Thought the same thing. Even my son in Austin texts/calls a few times a week. My daughter, we hear from daily, mainly coordinating logistics for grandkids.

[xenon]

Traditionally, Indian males never leave the house. You can be very closely involved with your parents and still be independent.

If I never moved to the U.S., I would likely still be living with my parents.

[Jolly]

@89th said in Parents Highly Involved in Their Adult Children’s Lives:

@Mik said in Parents Highly Involved in Their Adult Children’s Lives:

@89th excellent point. We communicate with our daughter a couple times a week through texts and usually a call a week. Unless she asks I try to avoid advising. It’s usually just sharing what’s going on in our lives. If that’s over involved, so be it. We helped with grad school and her move, but other than that we have not been financially involved.

That makes sense. Good on you. It will be weird when my 3 toddler kids are older, have jobs, etc. Naturally I have the feeling of "Hey, I have savings, here's some cash" but I know it'll be important for them to get jobs in high school, work hard, even minimum wage (selfishly, because I did that when I was 16, too....I think it was $5.50 an hour to lifeguard).

Did you have a similar feeling where, if you are fortunate enough, you have a good chunk of cash in the bank (that'll they'll eventually inherit) but also need to let them learn how to work and scrape by as a teenager and/or through college?

Do you one better...One of my clients had several million dollars, a couple of which was through my company (due to rock bottom fees, $90/year) and he had at least 1/2 million in art.

His will stipulated how his wife would be cared for (quite well), that his grandkids had their bachelor degrees paid for (but no advanced degrees, unless they had money left from their bachelor's) and that his children got enough money for a decent week's vacation.

Other than that, the house, artwork and money went to art museums and charities.

He felt that too much money spoiled people.

[Copper]

Yes, money makes you stupid.
Mike Tyson, US Grant, Burt Reynolds, Phil Mickelson, Hunter Biden

[LuFins Dad]

This post is deleted!

[Axtremus]

@Jolly :

He felt that too much money spoiled people.

@Copper :

Yes, money makes you stupid.

Good arguments for progressive taxation, wealth tax, and estate tax!

[Jolly]

Don't let us stop you.

[Copper]

@Axtremus said in Parents Highly Involved in Their Adult Children’s Lives:

@Jolly :

He felt that too much money spoiled people.

@Copper :

Yes, money makes you stupid.

Good arguments for progressive taxation, wealth tax, and estate tax!

The effect of money on the government is even worse.

[Horace]

Yes rich governments are stupid.

[Axtremus]

@Copper said in Parents Highly Involved in Their Adult Children’s Lives:

@Axtremus said in Parents Highly Involved in Their Adult Children’s Lives:

@Jolly :

He felt that too much money spoiled people.

@Copper :

Yes, money makes you stupid.

Good arguments for progressive taxation, wealth tax, and estate tax!

The effect of money on the government is even worse.

@Horace :

Yes rich governments are stupid.

Sound arguments for redistribution and deficit spending!

Redistribution and deficit spending will prevent the money from accumulating in government coffers.

[LuFins Dad]

If people with money become too stupid, the problem fixes itself. If Governments with money become too stupid, the problem just compounds.

[Mik]

@Axtremus said in Parents Highly Involved in Their Adult Children’s Lives:

@Jolly :

He felt that too much money spoiled people.

@Copper :

Yes, money makes you stupid.

Good arguments for progressive taxation, wealth tax, and estate tax!

Oh hell no. Good arguments for charitable contribution, not governmental confiscation.

[89th]

@Mik said in Parents Highly Involved in Their Adult Children’s Lives:

Yes. It is good for them to not feel immediate affluence as young adults. Shes doing well at budgeting, even if she’s made a few choices i would not have her make.

Thanks (and @Jolly too). I can’t imagine how hard it might be to see a mistake and let it play out without getting involved. Within reason of course.

[Mik]

Being a dad is really pretty easy compared to learning how to not be a dad.

[jon-nyc]

@LuFins-Dad said in Parents Highly Involved in Their Adult Children’s Lives:

Texting several times a week is “Highly Involved?! FFS, what is wrong with this world.

And we’re surprised that parents and children that stay close as adults are generally happier and pleased? Again I ask, WTF?’

Relative to my generation. I didn’t know many people who talked to their parents several times a week when I was in my 20s.

[LuFins Dad]

@jon-nyc said in Parents Highly Involved in Their Adult Children’s Lives:

@LuFins-Dad said in Parents Highly Involved in Their Adult Children’s Lives:

Texting several times a week is “Highly Involved?! FFS, what is wrong with this world.

And we’re surprised that parents and children that stay close as adults are generally happier and pleased? Again I ask, WTF?’

Relative to my generation. I didn’t know many people who talked to their parents several times a week when I was in my 20s.

And how did that work out?

[jon-nyc]

I’m fucking awesome.

[Jolly]

Well...Right words, wrong order?

[Mik]

I didn’t talk to my parents that often when I was out of the house either. It was long distance and expensive. Plus we had a very different relationship.