Yes, the expectation was that I would get a university degree. There have never been discussions about what I would do after high school except to go to college. My parents saved to send me to any four -year -old college without loans. I decided to go to a school that was paid 90% with an academic scholarship and worked as a RA to cover housing and food with the agreement that money could be used instead for a master’s degree (which I have not yet received). I think the total cost of my education was about $ 10,000 a year on average.
Growing up, what kind of conversations did you have for the money? Does your parents train you on finances?
We have never really discussed the money that grows besides the importance of an emergency fund. We never discussed 401 (k) S, bonds, investments, etc. I got a personal funding that has been elected to college electoral and found it to be incredibly useful for teaching basic elements (it is crazy that this is not required, even as a business big).
What was your first job and why did you get it?
My first official job was as a Camp Consultant where I started working in the summer before the lower year of my high school. It was more to spend money/something to do for the summers than to help with the accounts. I ended up saving most of this money that was nice to have in college.
Are you worried about the money that is growing up?
I grew up in an extremely superior neighborhood and while my parents did enough to call us as a upper middle class, it wasn’t almost as much as I went to school. They were determined to pay for college for my sister and me, so we had less “fun money” – without international holidays or dinner soda. I appreciate this now: starting with life without student loans was a huge step up, because I was able to rent an apartment and save money immediately after college on a very low salary, but I didn’t understand that when I grew up.
Are you worried about money now?
Yes. I have fired twice in the last three years. I work on technology and do not trust the stability of my career choice. I have to work to rebuild my safety net after unemployed and preparation for the next time.
At what age became financially responsible for yourself and have a financial security net?
I’m not completely economically independent now, even though I could be. My parents are not largely involved in my life and they were never, so they show love through financial support. My parents have always paid for my phone and I know they would help with rent if I need it. I was responsible for all other expenses since he graduated from college.
Have you ever received passive or hereditary income? If yes, explain.
I don’t know the exact amount, but I probably have received about $ 15,000 in crossings, various birthdays, and my parents feel bad that I have left. As for the inheritance, I will receive a significant amount of money (probably 7 numbers) as soon as my parents pass, but I have no access to any of this money now.
