I have an undergraduate diploma – it was never a matter of whether I would watch the college, only one given. I am lucky that my grandmother’s legacy paid me for my college, since my parents didn’t make much money and I chose a school that was out of state.
Growing up, what kind of conversations did you have for the money? Do your parents/guardians train you for finances?
My dad has no higher education and is a self-made, blue collar working in trading. He always teaches me and my sister about how many things they deserve (in his opinion) and how to be practical for expenditure, as well as practical lessons such as balancing a check book. In the aftermath, I was damaged to the extent that low-income parents could spoil a child-for example, I remember that my mom is terrified to spend $ 25 in a Abercrombie & Fitch t-shirt, but she would occasionally buy me if I really wanted.
What was your first job and why did you get it?
I worked in an ice cream store in the city when I was a second year in high school, because 15 was the legal age to work. I never had to work explicitly (my parents probably should have been a little stricter for it, but, again, I was damaged). Really, I needed more experience to complete my college applications.
Are you worried about the money that is growing up?
When. Maybe I should have? It was not something I thought, unless I compare myself to friends whose families had a lot of money.
Are you worried about money now?
Yes, because my job is very unstable in this political climate. Many of my colleagues have let go because there is no more money that comes in all the contracts we lose to Doge. I signed a lease in Manhattan before all this began to happen and was based on a promotion with a large increase I received last year. The jobs I see do not pay as much as it is, so I worry about what will happen in the near future. I have put a better system to save more as a backup and I decided that I do not want the additional stress to be austere pending the unknown. I choose to live my life in a way that makes me happy at the moment (I go for food/drink/concerts, etc.) because I am so depressed with the state of the world and my uncertain state.
At what age became financially responsible for yourself and have a financial security net?
I just graduated from college, I was cut off from my parents’ credit card. I got a job right away because I was hired by a practical exercise. It was in a PR business and I made a very small salary (about $ 22,000 – crazy that I know that kids graduated from college to do more than five times now!), But I managed to take good care of myself. I work to build a better safety net – I have various savings accounts, but nothing that would support me if I wanted to retire at a decent age. I have started working with a financial advisor to regulate myself better now that I do a relatively large amount of money.
Have you ever received passive or hereditary income? If yes, explain.
Not immediately. I know my grandmother left my mom’s money (I guess it was a decent amount, I think she had a bunch of money, but it was never obvious, I could say) and that she was paid for my college, and probably many other things. My family never really talked about that. I personally did not receive any income, except to give some cash here and there.
