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Author Topic: To cut financial ties with original family benefits you in the long run  (Read 619 times)
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February 22, 2023, 09:18:35 PM
 #81

economically and financially independent (not dependent on business and family inheritance) is a must and i started it when i graduated from college.  Times are changing very quickly and competition is getting tougher, people who only rely on privileges and the family inheritance will be far behind and only create dependence.  my parents are very strict and wise in educating their children, we were educated to do things that are more independent and brave, and that upbringing is the most valuable I think compared to the legacy that they left for me.

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February 22, 2023, 09:32:55 PM
 #82

Asking for help from parents when the need arises is normal. But staying financially dependent on them even in adulthood is simply irresponsible. The parents could also take part of the blame. Some parents cannot take it that their adult children are having a hard time. They willingly continue to support them. As a result, their children's behavior is reinforced. Parents instantly coming to their children's aid all the time may sound good, but it could also be dangerous as their children might not grow independent. They might not be able to try find ways to survive.
It’s normal for parents to extend help to their children whenever they see them hardly surviving, but taking advantage of their help would not be good at all. Instead, these children only end up still very dependent to their parents, not thinking that any time of the day their parents will be gone so they should have to start being independent by now and have their own source of income so they can provide for their family, with or without the help from parents or other people.

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February 22, 2023, 09:59:10 PM
 #83

But it is still better that you have your own emergency savings when this happens. The best goal really is that you can now help your parents financially, and for sure you'll be independent. I also noticed right now that there are people who have already had a child at a young age and are still living with their parents, and their parents are buying those needs of the child, like milk and diapers, as well as their food. It is like their parents are starting over again as they struggle to make a living as they need to feed those young couples as well as their child. I am hoping that those kinds of people will strive more, find a job, and be independent, as they already have families.
You can't hope they will change their behavior, they will become independent after their parents died and there's no one give them money, so they will do anything in order to earn money. Usually those people will either become construction laborer, busker, dustman and any other low salary jobs. The worst case they become beggar or criminal because they're forced to make more money due to daily needs. This is why poor people never ends and it's keep repeated on their child due to bad mindset.
Well, as long as they have someone to depend on, they will never learn to become independent and thrive to find job on their own so that they can raise their family. This is a very wrong mindset, that’s why while it’s early, parents should also teach their children on how to stand on their own feet by living separately from their parents. This is to prepare them to be strong enough when their parents are already not around.
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February 22, 2023, 09:59:22 PM
Last edit: February 22, 2023, 10:29:37 PM by erep
 #84

It’s normal for parents to extend help to their children whenever they see them hardly surviving, but taking advantage of their help would not be good at all. Instead, these children only end up still very dependent to their parents, not thinking that any time of the day their parents will be gone so they should have to start being independent by now and have their own source of income so they can provide for their family, with or without the help from parents or other people.
We have an age limit not to depend on help from our parents, we must be independent as adults and must work hard to get a job for the main income. we hope to repay our parents before we get married, I have great hope that I will make my parents happy for the first time before my partner. At least if we can't make them happy now then we should never add a burden to them, they just want to live quietly in their old age and hopefully we are given a long life to gather together with their extended family and hope they can see their grandchildren.

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February 22, 2023, 10:35:23 PM
 #85

This is kinda common in Asia I guess and it's not just the kids though since parents were expecting you to help them after you graduated from school and get a job. But in your topic these people who still keep on asking for their parents money is really a sign of irresponsibility that they should rather be doing it since they choose that life. But unfortunately, some parents can't let them children to struggle in order to learn and experience what is life. This is like raising a spoiled brat that in the end they will still cling to their parents to ask money if they want something.

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February 22, 2023, 11:59:32 PM
 #86

This is kinda common in Asia I guess and it's not just the kids though since parents were expecting you to help them after you graduated from school and get a job. But in your topic these people who still keep on asking for their parents money is really a sign of irresponsibility that they should rather be doing it since they choose that life. But unfortunately, some parents can't let them children to struggle in order to learn and experience what is life. This is like raising a spoiled brat that in the end they will still cling to their parents to ask money if they want something.
Being a parent then its not really that bad to have this kind of handling out on your kids even if they are already that married.If you do see that they do still need up some support on some things then do it.

It is really just that we cant ignore out our children to be in difficulties and even myself cant really just afford on seeing them on a hardship on whatever they are facing out.

Just really have that kind of limit which you do see that it is really that too much for them ending up on getting spoiled even on those marriage life.
Its not bad to support but set out a limit line or border on how far you could only go.

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February 23, 2023, 01:17:00 AM
 #87

This is kinda common in Asia I guess and it's not just the kids though since parents were expecting you to help them after you graduated from school and get a job. But in your topic these people who still keep on asking for their parents money is really a sign of irresponsibility that they should rather be doing it since they choose that life. But unfortunately, some parents can't let them children to struggle in order to learn and experience what is life. This is like raising a spoiled brat that in the end they will still cling to their parents to ask money if they want something.
Being a parent then its not really that bad to have this kind of handling out on your kids even if they are already that married.If you do see that they do still need up some support on some things then do it.

It is really just that we cant ignore out our children to be in difficulties and even myself cant really just afford on seeing them on a hardship on whatever they are facing out.

Just really have that kind of limit which you do see that it is really that too much for them ending up on getting spoiled even on those marriage life.
Its not bad to support but set out a limit line or border on how far you could only go.

With all due respect, the sentimental mindset you mentioned seems like good to children but this is the exact cause why a lot of children can never be truly independent. "It's not bad to support but set out a limit line or border on how far you could only go", in reality, this never works and will make things worse. The reason is very simple that we are all humans and for spoilled childrens, if you have done a million good things to satisfy their needs but only one thing you can not do for them, they will remember this one thing and "hate" you. You may call this greed, selfish or anything but the point is that there is no way to set out a limit line or border for your children because they have taken things you have done for granted for so many years and they won't change their mindset. I myself am also a parent and the sentimental part of me fully understands your point but the rational part of me stands out to speak this out.
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February 23, 2023, 10:26:40 AM
 #88

Those that don't want to work and are married already, they're too dependent on their parents. It's okay to their parents but in the eyes of society, it's all wrong.
They are already grown up and they can go to work and have themselves grind with any career that they may choose since they're older now. But being still dependent on their parents while building another family, there will be various reactions to that kind of setup. Because those working and independent people will have that thought that it's a wrong setup but, it's understandable if it's just temporary.
Only a few parents would really be still continuing to support their child even on their marriage life but majority would really be sharing up on the same opinion about on letting your child to be independent already since he had been starting on building his own family.Being that reliant into your parents support does really show that you arent really that prepared on having one.As an individual then you should really make yourself that
independent and you should be thinking that its not your family or parents responsibility on raising up your own family.This is why on the time that you are deciding on creating one then it
is really just right that you should be thinking up this way.
It depends on the culture of the country but I think, no parent would want to see their children suffer even if they already have a married life. As much as they want their children to settle in good, if there are problems they want to be there and be of great help to their children so that their relationship and dealing with new chapters of their life would be easy. That's what parents are but, I know also that there are parents that want their children to learn things on their own and deal with their own hardships.

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February 23, 2023, 06:52:06 PM
 #89

Wait a minute, with all due respect, you don't have to be harsh with your child/children when they were still young. You have to teach them properly on how to become independent by themselves and not just leave them alone and figure everything out on their own. I know parenting is hard but it's the way how you treat your children that matters even if you made a mistake. Once you show/tell them why you did it to them it's because they have to know the right or wrong.

I don't get it why you have to push the hateful thought when they couldn't get what they want they would hate you for not doing what they want? That sounded like a spoiled brat to me that doesn't have a good ass whooping for them to behave and listen to their parents.

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February 23, 2023, 09:16:25 PM
 #90

It's not a bad idea to fall back to your folks when you are financially constrained as a man, because no one can expect some curve balls life throws but where it becomes questionable is when it becomes a norm.
 As humans, there's always the tendency to slack when we notice that our needs are being provided for us and just like a poster observed, it makes the individual (especially the man) lose focus on his role to play as a provider and can become a liability as he has lost sight of what he ought to do simply because he has gotten used to finances being handed to him.
 Also, one would want to fault such a behavior on the parents but I think life places one with choices, so if such an individual wants to carry on, it's his choice.
It’s not bad actually receiving help from parents or siblings, but if you rely on it consistently, you will lost the essence of hardwork. Go get your own job and work on it so you will be compensated, that way you can provide the needs of your family without asking help from your parents. And as for parents, let your children become independent by not providing them the whole time, let them work so they can get what they want. That way, you are preparing your children to face the realities in this world.

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February 24, 2023, 07:04:03 AM
 #91

Wait a minute, with all due respect, you don't have to be harsh with your child/children when they were still young. You have to teach them properly on how to become independent by themselves and not just leave them alone and figure everything out on their own. I know parenting is hard but it's the way how you treat your children that matters even if you made a mistake. Once you show/tell them why you did it to them it's because they have to know the right or wrong.

I don't get it why you have to push the hateful thought when they couldn't get what they want they would hate you for not doing what they want? That sounded like a spoiled brat to me that doesn't have a good ass whooping for them to behave and listen to their parents.

We don't get it why you have to say "hafeful thought" and I was wondering if you are a robot. 'when they couldn't get what they want they would hate you for not doing what they want ?" .. Excuse me, this does not only apply to spoiled children but also to human nature in general. You are definitely not a real person or a normal person that lives in reality, with all due respect.
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February 24, 2023, 09:02:17 AM
 #92

From children's perspective, I think this may solve some realistic problems in the short term, but in the long run, this will damage the creativity and motivation to face life challenges and harm the ability to manage finances, especially if you are a man. I say this because a lot of the friends from my generation are struggling financially now because they have been dependent on their parents and even after getting married and establishing a new family, they took a regular amount of money from their parents to pay off mortgages or cover other expenses. They've never thought about having another stream of income or one day their parents may not be making money and instead need money and care from them. A lof of hidden problems are there but just ignored. In my opinion, the earlier you become independent financially, the more likely you will be living a comfortable life with your finances. Better to know this and be prepared, if you are young.
There are a lot of people who were born in poor families but have zero motivation to escape the poverty. When I see people like Cristiano Ronaldo and Conor McGregor, I always think that you are either born with it or not. These are the people who were chasing money and luxury life because they were poor and couldn't afford what they wanted. When you chase it, when you fight for it, when you have right mentality for it, then you do whatever dream your mind can imagine.
The reason behind why I mention these two people is that to my mind, Cristiano Ronaldo isn't talented footballer (Messi is a true talent), but instead, he is a very dedicated and hard worker person, this is what made him successful, his mindset, his dedication and willpower.
And Conor McGregor, while is acts a bit cocky, it's true that he earned himself his fame, money, everything. He made UFC more famous and interesting. While he certainly is not the best fighter, he is the best seller of the show, the highest-paid athlete in UFC. He made it, he made others to earn money too.

When it comes to family, I don't think that help from family makes you poor. Well, if you are from rich family, then this can make your more unmotivated but if you come from average family, I don't see why a little help from parents can make you poor. Instead, it's necessary, cause help from them will give you time to get more dedicated on what you want to do.

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February 24, 2023, 02:01:04 PM
 #93

Asking for help from parents when the need arises is normal. But staying financially dependent on them even in adulthood is simply irresponsible. The parents could also take part of the blame. Some parents cannot take it that their adult children are having a hard time. They willingly continue to support them. As a result, their children's behavior is reinforced. Parents instantly coming to their children's aid all the time may sound good, but it could also be dangerous as their children might not grow independent. They might not be able to try find ways to survive.

I definitely agree with this.

Sometimes their daughters and sons are the problem, sometimes it is the parents. It is either the kid was spoiled so he grew up as a spoiled brat doing whatever he wants because he knew his parents would always back him up or the parents made a lot of children to make it as their investment plan, like they are all obligated to give their salaries to their parents after they graduated in college and got a job. This kind of cycle never ends, it needs to be stop by those kind of families and kids.
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February 24, 2023, 02:52:07 PM
 #94

yes it is right that children should not be dependent on parents for financial purposes. But it is not a good idea to engage students in finance before the completion of study because it will waste the time of his study.

If a parent wants their children to be able to engage in financial planning then they should invest some part of money in crypto trading and then teach their children about it  so in this case they will be able to invest some money as well as to also continue their studies.

Parents do each and everything for the happiness of their children so whenever the children completed their study then now it is the right of children to do something better for their parents because they did so many sacrifices for them. After study completion parents should get rid of their duty to fulfil their needs because now the time come when children are able to make income by themselves.



 

 

 

 

 

 


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February 24, 2023, 03:18:41 PM
 #95

yes it is right that children should not be dependent on parents for financial purposes. But it is not a good idea to engage students in finance before the completion of study because it will waste the time of his study.

If a parent wants their children to be able to engage in financial planning then they should invest some part of money in crypto trading and then teach their children about it  so in this case they will be able to invest some money as well as to also continue their studies.

Parents do each and everything for the happiness of their children so whenever the children completed their study then now it is the right of children to do something better for their parents because they did so many sacrifices for them. After study completion parents should get rid of their duty to fulfil their needs because now the time come when children are able to make income by themselves.

If it were me, I would only support my children financially until they graduate from school and get a job after they graduate from college. I will not use my money to invest in cryptocurrencies and teach them how to invest. If we do that only makes them depend on us more, and they think we have a lot of money.

I will teach them about finance and investing but if they want to invest, they should earn their own money and save to start investing. Only then are they really determined to learn and focus on investing.

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February 24, 2023, 05:00:59 PM
 #96

Asking for help from parents when the need arises is normal. But staying financially dependent on them even in adulthood is simply irresponsible. The parents could also take part of the blame. Some parents cannot take it that their adult children are having a hard time. They willingly continue to support them. As a result, their children's behavior is reinforced. Parents instantly coming to their children's aid all the time may sound good, but it could also be dangerous as their children might not grow independent. They might not be able to try find ways to survive.

I definitely agree with this.

Sometimes their daughters and sons are the problem, sometimes it is the parents. It is either the kid was spoiled so he grew up as a spoiled brat doing whatever he wants because he knew his parents would always back him up or the parents made a lot of children to make it as their investment plan, like they are all obligated to give their salaries to their parents after they graduated in college and got a job. This kind of cycle never ends, it needs to be stop by those kind of families and kids.

There are really parents that are demanding their children to support them when they graduate, which is really bad, but as a child of your parents, you should support them with or without demands from them, as they have taken good care of you ever since you were still in the tummy of your mom and also made a ton of sacrifices for you, so you should support them mostly because they were old at that time and couldn't take care of them. But again, this is not forcing you to support them as there are still children that will have their own families, but at least remember to support them emotionally if you can't support them financially.
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February 24, 2023, 05:31:34 PM
 #97

Parents will always do everything for their children and they will never turn their back on us but if we are already at the right age, we should not take advantage of them but rather find ways to survive on our own. When we are old enough to sustain our living, that will be the best time to return all the favor and things that they have done to us when we were younger. Depending on them when we already have our own families is a sign of immaturity. Once we get married, we are advised to leave and cleave so we can stand on our own withour depending on our parents.
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February 24, 2023, 06:04:40 PM
 #98

I have to say that is both true and not true at the same time. I haven't had a single financial help from my family since I was 23 years old, which should mean that I need to be a bit more independent from my family and have responsibilities and be a financially wise person at the very least, or at least be forced to work and provide for my family, which is true but that doesn't make me any better man, I still do not live a rich life. I get that I have some responsibilities and have to work harder and get that chance, but that doesn't make any person who lives with their parents any lesser, they are just as good as me, it changes from person to person, not situation to situation.
The economy of the country also affects the independence or dependence of most youths. An economy that has high rate of unemployment will make youths to depend on their parents for longer period. A parent will not just watch his child that have graduated and is ready to work but are employed starve. They will always support them financially until they get a job.

But some countries that have a good economy will encourage young people to become independent fast because they can get jobs easily immediately after graduation or skill acquisition. I don't always blame these unfortunate youths because their dependence on their parents is not their fault.
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February 24, 2023, 06:09:09 PM
 #99

With all due respect, the sentimental mindset you mentioned seems like good to children but this is the exact cause why a lot of children can never be truly independent. "It's not bad to support but set out a limit line or border on how far you could only go", in reality, this never works and will make things worse. The reason is very simple that we are all humans and for spoilled childrens, if you have done a million good things to satisfy their needs but only one thing you can not do for them, they will remember this one thing and "hate" you. You may call this greed, selfish or anything but the point is that there is no way to set out a limit line or border for your children because they have taken things you have done for granted for so many years and they won't change their mindset. I myself am also a parent and the sentimental part of me fully understands your point but the rational part of me stands out to speak this out.
I do not understand why there is a need to be independent to begin with. I always supported that if you want to help people, help them, and if they can't make it their own without your help, then keep helping as long as you want to or able to. If you ever fail to do that, they will have to learn the hard way to become independent anyway, and if they can, that's great, if they can't then they will be forced to live a worse life.

Your job for your children is to give them a great 22 year preferably, 18 years in some nations, but after that if you can keep supporting them, it would be still fine. As a person who is old enough, I would support my children as long as I possibly can. Thanks to bitcoin, possibly all their life.

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February 24, 2023, 06:47:50 PM
 #100

It's not a bad idea to fall back to your folks when you are financially constrained as a man, because no one can expect some curve balls life throws but where it becomes questionable is when it becomes a norm.
 As humans, there's always the tendency to slack when we notice that our needs are being provided for us and just like a poster observed, it makes the individual (especially the man) lose focus on his role to play as a provider and can become a liability as he has lost sight of what he ought to do simply because he has gotten used to finances being handed to him.
 Also, one would want to fault such a behavior on the parents but I think life places one with choices, so if such an individual wants to carry on, it's his choice.
Blaming the parents for one’s behavior may be somehow valid too, but definitely since we are adults already, it’s probably we did it because it’s our choice, to become more dependent and forget the reality that we should also work on our own and make a living so that we can be responsible providers especially for breadwinners  or family man. Otherwise, if we keep relying on our parents or from other people, our lives will not improve, and when they eventually die, we would end up struggling for survival as we are not used on working to provide our own needs or to provide for the family needs.

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