Yes, I didn’t know there was another choice, but I was ~ academically endowed ~ and I’m bad with my hands, so I would have gone anyway. At Undergrad, I had a half -seat scholarship, I graduated early in the semester due to many APs and my parents paid the rest. I also did a one -year master’s program, which I also had a $ 20,000 scholarship and my parents gave me another $ 26,000 without money for the tuition rest. I worked part -time to pay my living expenses.
Growing up, what kind of conversations did you have for the money? Does your parents train you on finances?
My parents are super savings who taught me about the value of saving, the importance of investing in 401 (k) and how to be good on credit cards. I also learned a lot about the complex interest from my category AP statistics. My mother also strongly suggested to buy an apartment with a legacy I received when I was 24 if I wanted to stay in New York in the long run. I wouldn’t consider it differently, but I’m so happy to do it, as it would cost at least double to buy today.
What was your first job and why did you get it?
My mom has been working in the same very small company since she was 19 years old and finally put me in working during deposit and then edit bills when I was 12 or 13. I worked there in the summer and school holidays (when she had little child care). In the beginning, her boss would give me a $ 100 account, but eventually I was cut. My mom made me pay for my rail ticket to the city and lunch if I didn’t want to eat the frozen pizzas that would pack me. My first real job was in cinema, so I will have some money between the first and second year of college, as my mom finally rage-her first college work.
Are you worried about the money that is growing up?
Not really. We were comfortable in the middle class and I knew that many people less prosperous than we had since I grew up and then near New York. I also knew a lot of people who at least look better than us, but in the end took cars on their 16th birthday and expensive Abercrombie clothes, while graduating from an expensive private school without student debt. Retrospectively, I am grateful for my parents’ priorities. As I mentioned, my mom abandoned her first year of college, but my parents didn’t tell me until she found a new job months later. I suspect there were other things that hid me.
Are you worried about money now?
Not everyday, but the future of the economy and the labor market as a whole weighs.
At what age became financially responsible for yourself and have a financial security net?
More or less since I graduated from Undergrad. I have paid my rent and for all normal expenses except my mobile phone account (though my mom retires next month, so tbd how much more I get to drive this train sauce). Taking this, my parents also gave me a lot of money to go to school and more recently to repeat my kitchen, though in both cases I was planning and expected to get a real loan. At this point, I had a good salary for a few years, a lot of savings and investment, and they are withdrawn, so I am my own safety net. In a sting, my partner would help, but I have a long corridor.
Have you ever received passive or hereditary income? If yes, explain.
I received about $ 60,000 when my grandmother died. I retired enough for my down payment (I think it was about $ 30,000) and left the rest on my investment account, which has since increased to over $ 200,000 with minimal additional contributions.
