7 ms·

Kids, stay at home, save money, use your parents insurance until 26, save money. Car insurance is high until 25, except if you’re on your parents policy. I boug

by yardie 5y ago

Kids, stay at home, save money, use your parents insurance until 26, save money. Car insurance is high until 25, except if you’re on your parents policy. I bought my first flat at 29 after a string of bad decisions in my youth. The best thing you can do is set up an investment account early and let the savings compound.

chrisseaton 5y ago
You shouldn’t save money over looking after your mental health. Your own space as an adult is important.
- anonnyj 5y ago
  Constantly splurging on instant gratifications does the opposite of help one's mental health.
  - Quikinterp 5y ago
    Seems like he was referring to moving out and spending money on rent, from what I can gather
  - deleted 5y ago
    [deleted]
  - void_mint 5y ago
    Who's talking about constantly splurging?
  - yann2 5y ago
    Its the US. Lots of parents have mental health issues. Nothing good happens to kids who stick around in unhealthy environments. Which is to say the path that works depends a lot on the type of people you are around.
  - drdeadringer 5y ago
    Not everyone's parents are good role models [define "good" as you wish], or actually want you there, &c.
- kiba 5y ago
  That should be determined on an individual basis and living situation. Not everybody has parents that they can tolerate.
- pessimizer 5y ago
  People have usually lived with/near their extended families for most of their lives for thousands of years, and currently in most cultures. It isn't a proof or cause of mental illness. It's a failure of reproduction of the middle class, though. When you're born rich, it's easy to die rich (without being adventurously stupid), when you're born poor, it's effortless to die poor. The middle-class is the class that has to rebuild every generation. We've allowed so much corruption and rent-seeking that it's not happening anymore.
- hgs3 5y ago
  Moving out caused my mental health to deteriorate. The meaninglessness of living alone and wasting my life working for Big Corp made me suicidal. I was hospitalized in a psych ward for a week. I tried half a dozen antidepressants. Nothing helped. Now I've moved back with my parents and I'm trying to turn my own, meaningful (to me) projects into a business. I don't know if things will work out financially, but I already feel much better than I did. Regardless, I don't believe I'll ever feel the way I once did about this world.
  - deleted 5y ago
    [deleted]
  - sjg007 5y ago
    You are not alone and this is not unusual. I don't think the Western world has quite figured out how to transition people to a successful adulthood. Or if that is something we are supposed to do cold turkey. It takes a village right? My mental health deteriorated too. Looking back I should have built a support network and gone to therapy.. a lot of therapy. This all hit me at the end of college and in grad school. So I was broke too. I didn't really have family to fall back on either, I was lonely and felt alone. I'm still working on it, despite marriage/kids etc... I actually wish I had capitalized on my alone time in retrospect. Hence therapy! >Regardless, I don't believe I'll ever feel the way I once did about this world. Do you want to feel that way? What you have now is perspective and you know more about yourself.
    - chrisseaton 5y ago
      > I don't think the Western world has quite figured out how to transition people to a successful adulthood. That's what college is for.
      - sjg007 5y ago
        Yes and no. In my comment I said I went to college and grad school. Maybe we need to take classes on the psychology of being an adult or something.
      - 5y ago
- megohere 5y ago
  Now, this is a real boomer take. The issue isn't that young people don't want to move into their own place. It's that they literally can't without ruining themselves. For me, moving out of my parents place would mean moving to a tiny shithole that costs over 800CAD and is situated in the worst neighborhood of my city. It would be worse for my mental health (which is already hampered because I find modern cities unbearable) but also an idiotic financial decision. Point is, all I want is to move away and live in solitude and independence but I think the government would probably find me even if I moved into a cabin in the woods in Yukon.
- CozyBearNotSoy 5y ago
  If I'm working so much at such high levels of stress that my highest priority outside of work is sleep then the personal space issue becomes moot.
kirse 5y ago
There's also benefits to establishing independence early and reaping the compounded rewards of a lifetime of confidence built through bearing burden(s) of responsibility.
- chiefalchemist 5y ago
  Yes and no, but financially speaking mostly no. If you can save even a small but reasonable amount of money from say age 21 to 25 your retirement investing will be completed. Compound interest and all that good stuff.
  - dexterdog 5y ago
    Based on what we know today, yes. When I was coming out of school it was all about owning houses. I've owned a few over 30 or so years and have rarely made much on them esp when you factor in the property taxes.
    - moneywoes 5y ago
      What market?
  - nly 5y ago
    There's no guarantee that the stock market will continue to be a free ride of growth above and beyond inflation, especially given the ease of access today compared to the 90s and earlier. Capital flows in to public markets are unparalleled these days.
ravenstine 5y ago
From a financial standpoint, I definitely agree. On the other hand, that perspective can easily become a crutch especially if it is normalized. There's also the risk of creating more generations of even less capable adults than the ones whom already exist. Some already self-aware individuals could make proper use of their parent's abode into early adulthood, but there's also others who to some extent actually need life to give them at least a small kick in the pants so they wake up and get their shit together. People say that remote work isn't for everyone, thus we shouldn't also pretend like "just live at home, bruh" is the right thing for the vast majority.
- kiba 5y ago
  In some countries, it's completely normal to live with your parents. Do you really think that they have less independent adults than Americans?
roenxi 5y ago
This is a respectable strategy, but in a more prosperous society we would expect people to be able to have stuff and establish themselves as adults early. We live in an age of literal miracles. Thinking rocks, floating metal, what amounts to telepathy, machines roaming the countryside that dwarf giants, bodies being reshaped and redrawn, pandemics being fought back after a year or two. There really need to be some hard questions asked about why exactly a kid can't expect to move in to their own a home at 20. I'm not saying there are easy answers. Maybe the world is just so complicated that a normal 20 year old can't make a meaningful contribution any more. But it is worth at least talking form time to time about why it is so hard to for young people to be independent. What exactly is the deal they are being offered here?
- mgh2 5y ago
  > Thinking rocks, floating metal, what amounts to telepathy, machines roaming the countryside that dwarf giants, bodies being reshaped and redrawn. ?? Please elaborate. Ask foreigners: They don't have parent's insurance or homes, yet are expected to survive without being able to take jobs that are reserved for Americans only. Americans have it easy.
  - roenxi 5y ago
    I was thinking computers, cargo ships, SMS, cranes, mRNA vaccines and the COVID respectively. They're all pretty mundane because humans can get used to anything given a few months. But the things we have these days are all crazy.
  - yardie 5y ago
    A permanent resident immigrant to the US is expected to have savings or a family network that can support them. The days of showing up to the border with the close on your back and $50 in your pocket are long over. And exactly what jobs are reserved for Americans? Only ones I know of are DoD or security clearance.
    - mgh2 5y ago
      The secret of companies nowadays is that discrimination occurs behind the curtains. When you are applying for jobs they will ask you "do you require sponsorship now or in the future?". Although it is illegal to discriminate based on country of origin, companies do it all the time - at the least, they will outright reject a candidate based on this criteria and at the worst, they string them along on years of abuse/slavery through an H1B and lower salary compared to Americans. Nobody wants to do extra paper-work and run through the hassle (laws) of hiring a foreigner if the risk is higher than hiring an American - if they do, they better get a better deal. Ask HR, STEM international students, someone on H1B. There are lucky ones, especially CS majors, but the majority is abused by the system due to the power imbalance. This is unknown to the average American, you don't know how much the balance has been tilted in your favor from the start. > The days of showing up to the border with the close on your back and $50 in your pocket are long over. You seem blind to the realities. Americans complain too much because they can, millions of people are just happy to have a way to survive. I did not even touch upon illegal immigrants who live in the shadows/fear, working quietly for a better future...
adriangrigore 5y ago
Depends on a number of factors. Each person is different goes thru different experiences, it's not "just do that".

by yardie 5y ago

chrisseaton 5y ago

You shouldn’t save money over looking after your mental health. Your own space as an adult is important.

anonnyj 5y ago
Constantly splurging on instant gratifications does the opposite of help one's mental health.
- Quikinterp 5y ago
  Seems like he was referring to moving out and spending money on rent, from what I can gather
- deleted 5y ago
  [deleted]
- void_mint 5y ago
  Who's talking about constantly splurging?
- yann2 5y ago
  Its the US. Lots of parents have mental health issues. Nothing good happens to kids who stick around in unhealthy environments. Which is to say the path that works depends a lot on the type of people you are around.
- drdeadringer 5y ago
  Not everyone's parents are good role models [define "good" as you wish], or actually want you there, &c.
kiba 5y ago
That should be determined on an individual basis and living situation. Not everybody has parents that they can tolerate.
pessimizer 5y ago
People have usually lived with/near their extended families for most of their lives for thousands of years, and currently in most cultures. It isn't a proof or cause of mental illness. It's a failure of reproduction of the middle class, though. When you're born rich, it's easy to die rich (without being adventurously stupid), when you're born poor, it's effortless to die poor. The middle-class is the class that has to rebuild every generation. We've allowed so much corruption and rent-seeking that it's not happening anymore.
hgs3 5y ago
Moving out caused my mental health to deteriorate. The meaninglessness of living alone and wasting my life working for Big Corp made me suicidal. I was hospitalized in a psych ward for a week. I tried half a dozen antidepressants. Nothing helped. Now I've moved back with my parents and I'm trying to turn my own, meaningful (to me) projects into a business. I don't know if things will work out financially, but I already feel much better than I did. Regardless, I don't believe I'll ever feel the way I once did about this world.
- deleted 5y ago
  [deleted]
- sjg007 5y ago
  You are not alone and this is not unusual. I don't think the Western world has quite figured out how to transition people to a successful adulthood. Or if that is something we are supposed to do cold turkey. It takes a village right? My mental health deteriorated too. Looking back I should have built a support network and gone to therapy.. a lot of therapy. This all hit me at the end of college and in grad school. So I was broke too. I didn't really have family to fall back on either, I was lonely and felt alone. I'm still working on it, despite marriage/kids etc... I actually wish I had capitalized on my alone time in retrospect. Hence therapy! >Regardless, I don't believe I'll ever feel the way I once did about this world. Do you want to feel that way? What you have now is perspective and you know more about yourself.
  - chrisseaton 5y ago
    > I don't think the Western world has quite figured out how to transition people to a successful adulthood. That's what college is for.
    - sjg007 5y ago
      Yes and no. In my comment I said I went to college and grad school. Maybe we need to take classes on the psychology of being an adult or something.
    - 5y ago
megohere 5y ago
Now, this is a real boomer take. The issue isn't that young people don't want to move into their own place. It's that they literally can't without ruining themselves. For me, moving out of my parents place would mean moving to a tiny shithole that costs over 800CAD and is situated in the worst neighborhood of my city. It would be worse for my mental health (which is already hampered because I find modern cities unbearable) but also an idiotic financial decision. Point is, all I want is to move away and live in solitude and independence but I think the government would probably find me even if I moved into a cabin in the woods in Yukon.
CozyBearNotSoy 5y ago
If I'm working so much at such high levels of stress that my highest priority outside of work is sleep then the personal space issue becomes moot.

kirse 5y ago

There's also benefits to establishing independence early and reaping the compounded rewards of a lifetime of confidence built through bearing burden(s) of responsibility.

chiefalchemist 5y ago
Yes and no, but financially speaking mostly no. If you can save even a small but reasonable amount of money from say age 21 to 25 your retirement investing will be completed. Compound interest and all that good stuff.
- dexterdog 5y ago
  Based on what we know today, yes. When I was coming out of school it was all about owning houses. I've owned a few over 30 or so years and have rarely made much on them esp when you factor in the property taxes.
  - moneywoes 5y ago
    What market?
- nly 5y ago
  There's no guarantee that the stock market will continue to be a free ride of growth above and beyond inflation, especially given the ease of access today compared to the 90s and earlier. Capital flows in to public markets are unparalleled these days.

ravenstine 5y ago

From a financial standpoint, I definitely agree. On the other hand, that perspective can easily become a crutch especially if it is normalized. There's also the risk of creating more generations of even less capable adults than the ones whom already exist. Some already self-aware individuals could make proper use of their parent's abode into early adulthood, but there's also others who to some extent actually need life to give them at least a small kick in the pants so they wake up and get their shit together. People say that remote work isn't for everyone, thus we shouldn't also pretend like "just live at home, bruh" is the right thing for the vast majority.

kiba 5y ago
In some countries, it's completely normal to live with your parents. Do you really think that they have less independent adults than Americans?

roenxi 5y ago

This is a respectable strategy, but in a more prosperous society we would expect people to be able to have stuff and establish themselves as adults early. We live in an age of literal miracles. Thinking rocks, floating metal, what amounts to telepathy, machines roaming the countryside that dwarf giants, bodies being reshaped and redrawn, pandemics being fought back after a year or two. There really need to be some hard questions asked about why exactly a kid can't expect to move in to their own a home at 20. I'm not saying there are easy answers. Maybe the world is just so complicated that a normal 20 year old can't make a meaningful contribution any more. But it is worth at least talking form time to time about why it is so hard to for young people to be independent. What exactly is the deal they are being offered here?

mgh2 5y ago
> Thinking rocks, floating metal, what amounts to telepathy, machines roaming the countryside that dwarf giants, bodies being reshaped and redrawn. ?? Please elaborate. Ask foreigners: They don't have parent's insurance or homes, yet are expected to survive without being able to take jobs that are reserved for Americans only. Americans have it easy.
- roenxi 5y ago
  I was thinking computers, cargo ships, SMS, cranes, mRNA vaccines and the COVID respectively. They're all pretty mundane because humans can get used to anything given a few months. But the things we have these days are all crazy.
- yardie 5y ago
  A permanent resident immigrant to the US is expected to have savings or a family network that can support them. The days of showing up to the border with the close on your back and $50 in your pocket are long over. And exactly what jobs are reserved for Americans? Only ones I know of are DoD or security clearance.
  - mgh2 5y ago
    The secret of companies nowadays is that discrimination occurs behind the curtains. When you are applying for jobs they will ask you "do you require sponsorship now or in the future?". Although it is illegal to discriminate based on country of origin, companies do it all the time - at the least, they will outright reject a candidate based on this criteria and at the worst, they string them along on years of abuse/slavery through an H1B and lower salary compared to Americans. Nobody wants to do extra paper-work and run through the hassle (laws) of hiring a foreigner if the risk is higher than hiring an American - if they do, they better get a better deal. Ask HR, STEM international students, someone on H1B. There are lucky ones, especially CS majors, but the majority is abused by the system due to the power imbalance. This is unknown to the average American, you don't know how much the balance has been tilted in your favor from the start. > The days of showing up to the border with the close on your back and $50 in your pocket are long over. You seem blind to the realities. Americans complain too much because they can, millions of people are just happy to have a way to survive. I did not even touch upon illegal immigrants who live in the shadows/fear, working quietly for a better future...

adriangrigore 5y ago

Depends on a number of factors. Each person is different goes thru different experiences, it's not "just do that".