http://www.thesimpledollar.com/2007/01/31/financial-independence-week-should-i-rescue-my-children/ Financial talk for the rest of us Sat, 16 Feb 2013 01:14:45 +0000 hourly 1 http://wordpress.org/?v=3.5.1 http://www.thesimpledollar.com/2007/01/31/financial-independence-week-should-i-rescue-my-children/#comment-256935 Susan Tue, 29 Apr 2008 21:23:08 +0000 http://www.thesimpledollar.com/2007/01/31/financial-independence-week-should-i-rescue-my-children/#comment-256935 I’m 43 years old, have been bailed out by my parents for the last 15 years. Over the last four years I have borrowed more than $300,000 and charged up my credit cards to more than $40,000, bought a car for much more than I could ever afford, have my fourth failed business, and have move in with them several times, sometimes for more than a year. All this being said, I have more than appreciated the assistance that my parents have given me and my disabled child, much more than they could really afford. I have impacted their retirement, and caused them to refinance their home three times. I always thought I would be helping them during their retirement, but now I realize that that will never happen, in fact I will be lucky to have anything for retirement. Had my parents directed me to use non-financial resources to get myself out of this situation, or if I had found this site years ago, I believe that I would have made better choices over these many years, been out of this situation long ago, and not repeated it over and over again. Be strong, show them how to find and use the resources that they need to become financially responsible, financially independent – teach your children to fish, and they will eat for a lifetime!

]]> http://www.thesimpledollar.com/2007/01/31/financial-independence-week-should-i-rescue-my-children/#comment-4689 Trent Thu, 01 Feb 2007 04:46:19 +0000 http://www.thesimpledollar.com/2007/01/31/financial-independence-week-should-i-rescue-my-children/#comment-4689 I can’t think of a good reason for children not to help their parents if they can afford to.

]]> http://www.thesimpledollar.com/2007/01/31/financial-independence-week-should-i-rescue-my-children/#comment-4645 Mission Debt Freedom Wed, 31 Jan 2007 18:49:44 +0000 http://www.thesimpledollar.com/2007/01/31/financial-independence-week-should-i-rescue-my-children/#comment-4645 Like you did in a previous post, it would be nice to hear your arguments for/against children helping parents. Are the rules different? Some people may feel an obligation to help parents considering all they’ve done for their children.

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