Absolutely. Growing up, my parents had both of their graduates and were in his camp “you have to do some kind of training after high school”. In them, it meant college or a commercial school. It was never the question of whether I would go to college, the question was where I would go. This was also clear that I would be 100% responsible for paying for school. I received scholarships (both based on and based on the needs) they paid for the majority of the college, including the room and the board. The student loan I have paid for the Honors College Room/Board (the most expensive dormitory in my school) for my first year of college. After that, I lived in a cheap apartment outside the campus and worked two or three jobs at a time, so I shouldn’t have gotten more loans.
Growing up, what kind of conversations did you have for the money? Do your parents/guardians train you for finances?
I had few direct conversations about money with my parents, but there were always comments about what we could or could not afford. I never knew how much they did, but I knew we were middle class and we were not worried about the needs. My mom taught me how to shop for trademark items and how to find the best deals in the grocery store and at one point we were all adults, my brother made a comment that he thought we were poor because we ate beans and the Franks so much. I knew that my dad was the highest man, but he was also the simplest. My mom always has her nails and a younger car, but to date my dad is still driving the same truck they bought when I was in high school. We always had enough money to get friends with gifts for their birthday parties, but we rarely went on vacation, and when we did it it was domestic and we would go to the destination instead of paying for airline tickets. Since my parents are divorced, it was very clear that my mom was horrible in money management. To date, she sometimes borrows money from me, but she still gets her nails. My dad was fired from his high -paid job when I was higher in high school and this was the first time he was honest with me for the money. His daily expenditure habits did not change much of what I noticed, but he was not able to give me a graduation gift and would joke that our legacy was gone.
What was your first job and why did you get it?
When I was 13, I worked for a family -friendly family friend food trailer. Think of the funnel cakes, the ice cream and the food you will find in a state exhibition. I often worked 70-80 hours a week earning $ 8 per hour cash. This would be my money throughout the year, since I didn’t get allowance and my parents weren’t the guy to give me money to go for dinner with friends or buy my dress. I did this every summer until I went to college and found a less laborious job in my college city that I could work all year.
Are you worried about the money that is growing up?
Yes and no. I knew that we were never in danger of losing our home or having no food on the table, but I was always afraid to ask my parents about things. For example, my high school was offered a point in a volleyball group that travels. However, it will cost a few thousand dollars among all pay, equipment and travel costs, so I rejected it without asking my parents if we could stretch it. I knew that the answer would probably be no, or that my dad would try to make it work to make me happy, but it would be quiet to sacrifice something for himself.
Are you worried about money now?
I do it, but I think it’s part of the nature of my work. I manage money and plan financially for wealthy customers, so I look at their budget and net value all day long. It’s hard not to compare yourself and worry when you look at someone five years older than you earn 10 times what you do. That is what I know, I know I make great money for my age and I have a comfortable budget where I can save a good piece of money every month and still enjoy living in the city. I have a hard time to say no to events and excursions with friends, but that means I eliminate other markets (such as furniture for my apartment) until you really need to buy something (if I can’t find it cheap/free Facebook market first).
At what age became financially responsible for yourself and have a financial security net?
He became financially responsible for myself the minute I went to college. None of my parents are at a point where they can help me monetary (in fact, I have lent money for both of them in the past and still lend money to my mom or buy their natural gas while I visit). If I were at a very difficult spot, I could move on with my dad and Stepmom, but that would be a last solution (and it’s not something they would offer even if they heard that I lost my job, I would have to ask).
Have you ever received passive or hereditary income? If yes, explain.
No, and I don’t expect to receive anything from any family members.
