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Another aspect not touched upon by either the author of this article nor of the book is multigenerational thinking common in immigrants. You KNOW you aren't get
by babesh 5y ago
Another aspect not touched upon by either the author of this article nor of the book is multigenerational thinking common in immigrants. You KNOW you aren't getting that rich but you are trying to make a better life for your kids. Your kids will benefit. If your kids are industrious then your grandkids will be even better off.
There are whole cohorts of Chinese blue collar people who bought houses in lower middle class neighborhoods who sent their kids of to UCs. Those kids then become doctors, engineers, investors, etc... Some of the grandkids are more laid back but some want to climb further.
- peter303 5y agoA number of people in the FIRE subteddit claim they saving big money living with parents who pay most living expenses until 30 or later. I know my ethnic would not tolerate perpetual adult children tenants. But this is encouraged in other groups.
- BatteryMountain 5y agoSame here. Was out of the nest just after turning 19 and have been on my own (or with partners) ever since.