I Make $80,000 And Still Live With My Parents

I Make $80,000 And Still Live With My Parents

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[javiermendoza]

80K at 23, this guys is doing it really well

[castellp]

It's time for your parents to move out, get a driver's license, and go to college so they can start their career.

[AtAg]

I think moving out of the household is an American thing! I am from the Caribbean and you can live at home for as long as possible, save and help out. Until you are fully financially stable with a plan to move out. Otherwise the parents won’t support the idea of moving out. I see this as a USA mindset.

[pski]

Live with your parents until you save a lot of money for a down payment for a house, emergency fund, pay off your debt etc...
That's the smart move.
Don't just move out to rent because you can afford it.
Save your money.

[ChrisInvests]

He'll probably end up taking care of them in the future 🤔

[thecattermat]

why does dave stigmatize living with parents so much? living with my parents until 24 was the only reason I was able to have such a successful start as a real adult with lots of savings

[spicycracker]

If I made 80k a year
ALL my financial problems would be non-existent
at least with a couple years

[blackonblack...]

I'm in the same scenario. I move out of Chicago to find a better job to Texas. My 66 year old mom moved in to my house, however she moved out of a dangerous area Chicago, but man Dave is right. I'll never get a girl with her living with me. She has been helping get out of debt, but her staying is not helping me with dating at

[bigrod]

You can get far with 80, 000 in Kansas.

[SKElk]

I know the guy personally, and he told me that it's okay to share his story here.
He originally did have student debt, but he paid it off quickly on his own while living with his parents and while his dad had a job.
His dad lost his job, because his boss was mistreating him. After he lost his job, he has been continuously searching for a job, but after months of trying, he still hasn't landed an offer.
The guy's mother works part time. And not to mention that the guy has a little sister that lives with the parents.
His parents are already experiencing health issues and they take lots of medicine. The parents are also afraid that if they make more income, they'll end up paying more for health insurance, leaving them the same amount of take home pay. It's no wonder why this guy feels stuck.

[Bangel]

It's tough to move out when your parents are struggling because you now feel like you're obligated to stay since they raised you, fed you, gave you an education. But it's also a parents job to let go of their children so they can make a life for themselves as they embark in the real world. Staying will only prolong the inevitable and waste your own time as you continue to invest in something that is already headed downhill.

I stayed with my parents into my 30s because of similar reasons. Now, I find myself having missed out on a lot of things and feeling like I'm now running out of time for things I should've enjoyed more of in my 20s.

I also noticed how far behind I am in my maturity and growth. When you stay with your parents, you will more often than not stay stuck in that child-parent mentality and your personal growth is stunted because you are always in close proximity with your parents and naturally fall into that parent-child dynamic because that's how it's been since you were born. It's hard to break away or change a dynamic when you are still in it. I found myself playing catch up to become an adult like the rest of the people my age. I have to learn things more quickly compared to others who had the time to learn and apply gradually in 10 years whereas I now have only a couple years to cram that knowledge, growth, and strategic know-how in.

Another thing is, as you get older, you're afforded less leniency when you make a mistake. When you're in your 20s, a lot of people understand you're still trying to get the hang of adult life and will make a lot of mistakes and so a lot of people will forgive prettily easily, as long as you learn from it. But as you get older, people's expectations of you are raised higher and are granted less forgiveness because they expect you to understand the consequences of your actions and to tale responsibility for it and yourself.

If you think you're trying to be a good child by helping your parent out by staying with them and also have the advantage of not paying rent to save up money. Don't do it. You will lose so much more than losing out on saving up money. Your time is something money can't buy back or buy more of when you need it. Personal and professional growth will help you to reach that point where you can help out your parents AND be independent and financially sound. You can get the best of both worlds but you need to invest in yourself first and you'll be rewarded for it with higher returns later.

[WhiteBoardFinance]

European culture. I make $100M and still live with my parents 😂😂

[tonybailey]

This is a tough spot for this kid... I think Dave was a little cynical here, but I'm leaning more towards him needing to leave his parents for the quality of his own life

[jaydubya]

This move out asap is crazy. I'm so thankful to have my childhood bedroom available rent free while I clean up my mess and build a little nest lol

[gnes]

Americans have some weird thing about living with your parents.
If you're a grown up and being a bum and not making money that's bad, but when you're making 80k you aren't no bum.
Wanting to live with your parents and help them is a good thing.

[JuJu]

I’m in the same exact situation, I’m 22 year old electrician making 83, 000 and living with my mom and grandma. Idk I just don’t have anywhere else to go. I want to be close with my family

[Ryanspashai]

I think people are commenting without watching the video. This is not a “I make a lot but still live with family” problem. The problem is the parents not the son.

[vanidge]

I dont see this as a problem a lot of my Asian friends live with extended family and overall everyone chips in with overall house hold expenses and child care. it makes a closer family unit and allows the individual and their family to save a bit until they are in a good space to move out instead of being in crippling debt. Its all really up to the individual and family dynamics.

[willthecreator]

I’m 27 and live with my mother I hate it I’m just ready to go. She’s not forcing me to go she’s very supportive. I just recently graduated from college and I have an interview for a job at a major investment firm that starts off at 50K for an entry level position. I pray on everything I get it because if I do I’m out.

[imperiex]

Mr. Ramsey, a number of years ago, you took a call with a gentleman named Marcel. This young man was a single father keeping a household running on a shoestring budget with very little wiggle room. You advised that he find a side hustle for extra income and take the initiative to educate himself. You graciously sent him about 25 books, would you mind posting the titles so the rest of us might educate ourselves as well?