You Should Talk To Your Parents About Money!
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5 жыл бұрынAmericans don't like to talk about money with their families, but that allows nasty secrets and surprises to fester. Learn how to broach the subject with your parents!
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Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.
Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson
Directors: Katie Graham & Andrew Matthews
Written by: Julia Lorenz-Olson & Andrew Matthews
Executive Producer: Amanda Fox
Produced by: Katie Graham
Edited & Animated by: Andrew Orsak
Images by: Shutterstock
Music by: APM
SOURCES:
www.ebri.org/.../rcs/2017/RCS...
s1.q4cdn.com/.../TDA-Financia....
www.gao.gov/products/GAO-15-419
newsroom.wf.com/.../conversat....
@valueStocks 5 жыл бұрын
*My father sat me down as early as 10 and showed how saving 10% of each paycheck could make me a millionaire by the time I was his age. Best advice I ever got.*
@mads7401 5 жыл бұрын
How old are you now and how did it go? I'm 18 and learned about compound interest, it sounds amazing
@valueStocks 5 жыл бұрын
@@mads7401 Im 29 now and its been going great. Its such piece of mind knowing you are not in debt like 99% of the population. I talk finance on my channel and go into what I am doing financially from time to time.
@jondoe3599 5 жыл бұрын
subbed.
@HuanNguyen.. 5 жыл бұрын
The Richest Man in Babylon :)
@goldfishcrayon 5 жыл бұрын
@David typically people receive raises over the course of a lifetime and invest their savings once they hit a certain point. Saving 10% of 45k from age 18-65 is about a quarter of a million with basic savings interest rates. Have to invest to make the $1 million.
@mackaarony 5 жыл бұрын
Sounds like a fun after-dinner discussion! "Hey, could I get cheesey potato recipe? Also, how realistic are your current retirement plans?"
@TwoCentsPBS 5 жыл бұрын
@Justin LOLZ! This is the one!
@TwoCentsPBS 5 жыл бұрын
Speaking of cheeeezzzzzeee...
@wolfpackflt670 5 жыл бұрын
Ha, my mom said "what retirement plan?"
@martinachan7719 3 жыл бұрын
@@wolfpackflt670 YOU. YOU are my retirement plan.
@Melly16yr10 3 жыл бұрын
@@wolfpackflt670 Is she for real?
@mohammadamanghauri 5 жыл бұрын
I always thought American culture doesn't care about its elderly. Thanks for shedding light on my ignorance. You guys are very respectful.
@binozia-old-2031 5 жыл бұрын
Mohammad Aman In some countries you are expected to care and support your parents financially all the time but in north america and australia you help them if they have an emergency but the elderly normally have their own money that they saved up and earned while they were young and working. hope this helped :)
@DarthRadical 5 жыл бұрын
@@binozia-old-2031 Plus we're already forced to pay towards the elderly with 14.4% of our income.
@BaioWithMayo 4 жыл бұрын
yeah our social security payments are usually how we consider that payment going. I see it with my parents helping my grandparents now, its not so much financial issues (elderly grandparents rent out 2 units in the upstairs of their building) but travel, food and health are where they spend their time. My grandparents like their independence, they dont want to move in with their kids like many people do, and would look at themselves as a burden. So its not that we dont care, its that a lot of elderly prefer to be on their own and dont really want to ask for help
@MrSoldierperson 4 жыл бұрын
Wtf Why wouldn't we care about those who wiped our ass?
@redunicorn7760 4 жыл бұрын
@@DarthRadical where do you live that you do that?
@TampaTec 4 жыл бұрын
My parents were so bad with money they went to jail. Their debt was about 1 million by age of 40 and my dad died broke at 50, afterwards my mom remarried an older guy with money. 🤷♂️ I learned from their mistakes, don't live beyond your means and payoff debt sooner than later.
@sahilaleem480 3 жыл бұрын
Hey tampa! I love your vids! It's so nice to see you here!
@aakksshhaayy 3 жыл бұрын
and marry a rich person
@ladyaridette9661 3 жыл бұрын
How the hell do you go 1 million into debt?? I’d be too paranoid to let it get that far
@hiteshadhikari 10 ай бұрын
@@ladyaridette9661after a certain number, you stop comprehending it and you get even worse
@Dan99 5 жыл бұрын
Can you make a video about what older people who haven't saved up for retirement should do?
@omarramos8927 5 жыл бұрын
Dan Khan 😇🔫
@gent8940 5 жыл бұрын
You vote for a universal basic income (Andrew Yang in the US, for 2020)
@nicholasn.2883 5 жыл бұрын
Omar Ramos Why you got to do it to em?
@lkjkhfggd 5 жыл бұрын
Just don't retire at 65. 65 is an arbitrary number that someone chose because the life expectancy back then was 68-70. You just gotta work longer if you don't have cash saved up, and even if you do have the cash to retire, there's a lot of books suggesting you should never retire, as retiring removes a lot of your drive in life, leading to a dull final years.
@correctionguy7632 5 жыл бұрын
@@lkjkhfggd funny joke bob
@JohnNathanShopper 5 жыл бұрын
Parents don't tell you things. That's why we need KZfaq.
@videojosh20 5 жыл бұрын
Don't blame them too much though. Parents do their best and make mistakes. And they can't tell you what they don't know.
@pawsnotclaws2772 4 жыл бұрын
JohnNathanShopper they dont
@asadb1990 4 жыл бұрын
my parents only give me one financial advice: that i should bring all my money and give it to them. and not at all live my life except barely scrape by. they discourage me from saving.
@zaharakhan4254 4 жыл бұрын
@@asadb1990 that's awful, trust your instincts!
@asadb1990 4 жыл бұрын
@@zaharakhan4254 i guess live and learn. now i don't trust them to pay me back for even bread when i run to the grocery store. they believe that one should pay for another family member's small grocery items when you are buying a lot of stuff but they would never return the favor when they are buying a lot and im buying a small item like a loaf of bread.
@harlan4216 5 жыл бұрын
The reason I'm so interested in finance is because my parents weren't. They lived check by check ever since I was born and there is no way I'll let that happen to me.
@avarice4556 2 жыл бұрын
Yup, living stupid by stupid and my brother is doing the same.
@slowrurallife1617 2 жыл бұрын
I'm 26 years old. My parents are still doing that. Told them 100time to check their expenses but they don't especially my mother. Because of them my financial condition is affected.
@alvint2635 3 жыл бұрын
Well my parents’ master plan was to have money until I graduate. No businesses, no investments, not enough from pension. now I have to support all their financial needs in their remaining lifetime.
@khusseinkhomeini 5 жыл бұрын
You guys are fulfilling a tremendously important role by teaching people about financial literacy that is largely neglected by traditional educational institutions. Thank you.
@CaRLO12121A 5 жыл бұрын
Binge watched the whole Two Cents video catalogue on my day off and I hear the intro... *Gasp!
@TwoCentsPBS 5 жыл бұрын
YOU WIN!!!
@CaRLO12121A 5 жыл бұрын
@@TwoCentsPBS Ya'll got me :D
@madeline5175 5 жыл бұрын
THANK YOU FOR THIS VIDEO!! I've been bugging my parents and pressing my spouse to do the same for his. Both sets of parents will need our support. It is very stressful.
@lkjkhfggd 5 жыл бұрын
That's rough. My in laws will no doubt move in and depend on us within a few years, but I'm lucky that my parents are very financially secure, and even if they weren't, I have two sisters who are both nurses and make great money.
@TwoCentsPBS 5 жыл бұрын
::hugs:: it definitely is.
@JaeyoungChong 5 жыл бұрын
THIS VIDEO. This video could not have come at a better time. Just graduated from masters and have to deal with all of this now. Biggest thanks AND regret is that they've spoiled me, helped me through everything. I used to think I was independent but now I feel more dependent than ever and my parents are getting old. I'm struggling to give up the time I have (to work and hustle which btw, a crucial time to work because schoold don't give you a life, you CHASE IT on your own) to take care of my parents (Which... coming from a very conservative Korean family, they sort of expect it). I need to rethink everything and work everything out. Being mindful about financial things have been the most stress-relieving thing ever. And this video was a big help. Thank you.
@TwoCentsPBS 5 жыл бұрын
You're so welcome!
@shawnsmith564 5 жыл бұрын
This I cannot do. My parents are just down right awful with money and don't know how to save and believe that because they are the parents they know it all
@shawnsmith564 5 жыл бұрын
This is why I have to leave they left me in debt numerous times and think it's ok because we are family and I'm not trying to establish my own credit
@MeMyselfAndKgore 5 жыл бұрын
When I was 18 I had to give my parents 10,000 so our house wouldn't get foreclosed. That was supposed to pay for my college but instead I had to work and go to college which made me flunk out after making the deans list for the first first time in my life. At least I'm not in debt but that basically cost me my future. Anyway I'm still clearly upset about it. Have a good day
@MeMyselfAndKgore 5 жыл бұрын
@C B I never said my life was ruined. I was saying it made it far harder than it had to be
@MeMyselfAndKgore 5 жыл бұрын
@C B its all good I understood how it seemed like that. I was thinking of it in the terms of opportunity cost so I could have been more clear. Anyway have a good day and thanks for giving me the time
@taiven.lechevalier 5 жыл бұрын
Damn, that’s rough. I’m sorry, man. You got a raw deal as a young person.
@roxcyn 5 жыл бұрын
@@MeMyselfAndKgore - that's messed up! I wish you the best.
@jacobschweiger5897 5 жыл бұрын
Why didn’t you just get a loan?
@Neryssa111 5 жыл бұрын
Since my parents cashed out their 401k before the age of 65 I told them straight forward, since they don’t want to be smart with their money they won’t get a dime of mine. Now they realize how bad their money situation is going. I can only wish them good luck. I’ve tried for 2 years to get them to budget. They consider “budget” a bad word and start yelling at me how it’s impossible to live below your income. 🤷🏽♀️ Their loss.
@bojanbozic1542 4 жыл бұрын
Just buy few real estates and with the rest buy gold and youre set for life. Inflation cant get you and when inflation gets really bad just sell the gold and buy even more real estate. Thats kids how you become rich
@redunicorn7760 4 жыл бұрын
@@bojanbozic1542 oh yeah JUST buy a few homes😂😂😂
@nabeel9187 4 жыл бұрын
@@redunicorn7760 this advice works for developing countries.
@Big-Government-Is-The-Problem 4 жыл бұрын
wow, they sound really dumb. i guess nobody likes having their bad situation being pointed out. they'd rather paint you as the bad guy rather than being mature and changing their habits to help themselves
@samanthaaaz22 3 жыл бұрын
@@redunicorn7760 and gold is a shit investment
@thetetrisgodx 5 жыл бұрын
Not kidding, this is the most important video you guys have made. So many people do not talk about this and there is still so much more to discuss with this topic.
@judithsanchez3821 5 жыл бұрын
Thanks for covering such a difficult topic and shed some light into my thoughts about it. You have really helped me. Please, keep doing this amazing work!
@TwoCentsPBS 5 жыл бұрын
So glad! We will!!
@Watch-0w1 5 жыл бұрын
Wait,parent are not unlimited income?
@ceciliaramoscastillo2809 4 жыл бұрын
Sooo me
@colingraham1585 4 жыл бұрын
Lmfao
@Farhanfair 4 жыл бұрын
Never has been.
@dahanisme 3 жыл бұрын
I died laughing
@johhnycash1515 4 жыл бұрын
Coming from financially unstable household really made me learn a lot of things and talking to my mum about finances all the time made for a big lesson in life, and it taught me how important open conversations about money ate
@TheBemused 5 жыл бұрын
I had to sit my parents down last Christmas and have “the talk”. My sisters and I now have a better sense of what to do if something were to happen to them. They’re also less than 10 years from retirement and don’t really have anything saved up. Even though I have two sisters, I know they would look to me for financial support because I’m the eldest and, because I’m a financial planner, I’m the most financially-savvy. However, I would rather not wreck my own financial health and future taking care of them, so I do my best to help them find ways to save for retirement. These conversations are SO IMPORTANT! -Akeiva
@TwoCentsPBS 5 жыл бұрын
Agreed! Sheesh. Even though we're planners too it's STILL so hard to have those convos. With ya sister.
@iGnominee 5 жыл бұрын
I'm fortunate enough to have a "transParent" dad. I know where they're at and all their financial woes/aspirations/retirement plans. We "the kids" have also been able to give our financial 2 cents and talked them out of buying another home when they're less than ten years away from retirement, it shows great humility to listen to their kids and just how much wisdom they've imparted to us. As they say we stand on the shoulders of those who came before us, and I've been blessed to have such amazing parents.
@OkraPlutonium 5 жыл бұрын
Can't wait to see this series explode. I hope my generation gets to see a personal finance revolution.
@TwoCentsPBS 5 жыл бұрын
DITTO
5 жыл бұрын
You have no idea how much I appreciate this video, the airplane mask comparison makes so much sense.
@TwoCentsPBS 5 жыл бұрын
So glad it resonated with you!
@JoseFloresEC 5 жыл бұрын
My dad wants to retire soon yet he has lots of debt from credit cards...and he was like (I'll use my social security (+whatever thing Mexico has) money to pay it off" 🤦🏽♂️
@Iffy50 5 жыл бұрын
Ugh! Credit card debt should be long gone before someone retires. I wish your dad (and you) the best of luck in making things work.
@ghostzboi2390 4 жыл бұрын
I'm 9 so i have'nt talk to them yet
@johnmitchell2741 3 жыл бұрын
that made me smile
@BrawlBros14 5 жыл бұрын
After getting a stable, part-time job my parents and i talked to each other about our financial future. If you have a strong relationship with your parents, I highly recommend doing it! Both sides will benefit. Parents lent me some money and I was able to pay it back. A few weeks ago my parents needed a bit extra so i helped them out and they paid me back. Trust between both sides is crucial if you want it to work.
@Iffy50 5 жыл бұрын
Just be sure that if is never paid back you will be willing to let it go. I've lent a couple friends money many years ago. $500 U.S. to one friend and $100 to another. They did pay me back, but if they hadn't I would have just let it go. It didn't help our friendship in either case. My wife and I are both re-married and we have been married to each other for 12 years. When she first got divorced she had to give her ex 1/2 of the house equity. I loaned her the money so she wouldn't have to get a bank loan, but I wrote a simple contract for that. She appreciates that to this day, but it was a bit of a dangerous thing to do.
@TheSystemaSystem 3 жыл бұрын
@@Iffy50 My father taught me at a young age that if you lend 500$ to a friend and you never see the money or the person again, that was money very well spent.
@Iffy50 3 жыл бұрын
@@TheSystemaSystem That made me lol, literally. Good wisdom! ha ha
@avarice4556 2 жыл бұрын
This is where you're showcasing the difference between your situation and ours my parents don't talk to me about finances and last time I actually did get one of these dummies with kids to actually do it they were like they don't have anything in savings. Their concept of saving is non-existent, it just doesn't exist whatsoever but surely the concept of working until you die exist without zero savings or alternative forms of income. I'm bitter about it ngl, I really am but the goal is not to be like them when it comes to stuff like this.
@avarice4556 2 жыл бұрын
@@Iffy50 Same but 500 is high tho. Used to let $20 to my dad or he'd steal it and then say he'd pay it back as he comes the next day and steal it again. The wisdom by his actions taught me a lot. ;) I hate this guy btw.
@colingraham1585 4 жыл бұрын
Make a video of why “PARENTS should talk to their children about finances.” It shouldn’t be the other way around. Not all of us are fortunate enough to have parents like you two.
@megatron2535 5 жыл бұрын
I love all your videos, this one in particular speaks to me! Congratulations on your channel growing so much already and keep up the hard work!
@TwoCentsPBS 5 жыл бұрын
Aw thank you so much!
@lorenzocobb7919 5 жыл бұрын
This is something I have been trying to tackle earlier than later. Thank you Two Cents!
@wolfpackflt670 5 жыл бұрын
"They fed, housed, and drove your around when you were little. Now your just returning the favor" I didn't say I wanted to be born so that statement is null and void.
@TorontoNeurospicyGirl 4 жыл бұрын
I KNOW RIGHT?!? It was their decision to have kids... feeding and housing them is the basic responsibilities of any parent, not some trophy worthy accomplishment that makes the kids owe you forever. Can't stand it when people say this. A child is NOT a retirement fund.
@ohtehnoez22 4 жыл бұрын
Thank you both for sharing! This is great information!
@KevinSheppard 5 жыл бұрын
This was an important topic that I knew I had to tackle, but I realized I was ill-equipped to do so. Thanks for making this vid.
@Katarenitin 4 жыл бұрын
I love what you guys do, your way of explaining things is so easy it is admirable!
@Kraziemaniac 5 жыл бұрын
Thanks so much for making this video, this is honestly one of the bigger things that's been on my mind, since a lot of this largely will be falling on me, it's nice to at least hear this being talked about so I at least know what direction to go in for this.
@4tunecookie 2 жыл бұрын
This situation is even harder for people who had parents that did NOT take good care of them as children. I was neglected as a child, then experienced chronic stress as an adult because of my parents’ financial irresponsibility. I had to set boundaries with my parents and let go of some of the societal expectations that we HAVE to take care of our parents, regardless if they took care of you. 😢
@sucyshi Жыл бұрын
Since I left my hometown at 18, I just told people I "have no parents" until I was adopted as an adult in my 20s by the best parents in the world. It's really easy to avoid such taboos when your background is abnormal if you find the right conversation ending statement.
@sewthreadable7024 5 жыл бұрын
I LOVE THIS CHANNEL. I am now helping my parents manage their finances and your clear enunciation makes for amazing videos to send to my parents who don't speak great English. Thank you!
@mr_jeff2932 5 жыл бұрын
Saving my life with this one. Love you guys. Keep it up.
@CalixesYT 10 ай бұрын
Thank you so much for this video. I made my mom watch it, and I almost teared up. It is a necessity. Thank you SO SO much ❤️🙏
@gilius 5 жыл бұрын
What a nice video! I had that talk with my parents 5 years ago when mi Father got cancer... He got all medcial expenses by the state (Mexico). When my Father left 3 year ago my Mum and me had a very calm and nice chat about retirement, house, saving... Turns out my Parents begint to plan and fix things for their retirement more than 20 year ago. My Parents make sure that not debt was going to ruin their silver days. They just work hard and smart... My Mum is still working, but just because she hate to sit still at home.
@danielponder7165 3 жыл бұрын
I do hope people have these conversations. I had to find out way too early of an age what do with my my parent’s estate. Admittedly, I don’t have to worry about their latter decades but I do hope others more fortunate to have their parents can have those conversations. These videos are great and have helped me organize and manage my finances etc
@geekbeauty2043 5 жыл бұрын
It went well. She started budgeting and making plans to make sure she'll be in a good situation for retirement.
@TheSystemaSystem 3 жыл бұрын
I'd re-check that budget now, if I were you!
@EmanuelsWorkbench 5 жыл бұрын
Don't know how to broach the subject with your parents? Sit them down in front of a computer and watch this video! THAT'll start the convo.
@TwoCentsPBS 5 жыл бұрын
TOTALLY
@sunshine-ni5iz 3 жыл бұрын
Haha tats what I did with my husband since he was giving away money to his parents before but I forcfully made him stop, he might not be comfy after but once I found this video I showed him which give him a total understanding of why I behave that way
@jacobkilgannon6059 5 жыл бұрын
Love this channel! You deserve more subs!
@caitlin8160 3 жыл бұрын
Glad to see this topic covered. This was my surprise with my family
@JennAlma 5 жыл бұрын
Thank you so much for this video! I think about this all the time and I’m glad to have some guidance 😊 love your videos!
@AnatolyLeonov 5 жыл бұрын
Thanks for mentioning this important side of personal financial health! Didn't think about it.
@jerrysinclair6433 5 жыл бұрын
Had the talk last year. It was an eye opener.
@TwoCentsPBS 5 жыл бұрын
So glad!
@VictorPaixao4fun 5 жыл бұрын
From all the topics that you have talked about, this was the one I loved the most!
@TwoCentsPBS 5 жыл бұрын
So glad it resonated with you!
@chologuy 4 жыл бұрын
Thanks for this. I needed this.
@PRANSHU49 5 жыл бұрын
Lovely! Just what I needed to get my parents started with this conversation. It's about time. Am sending this right away to them. Thanks in advance :)
@kamleshjethwa4151 5 жыл бұрын
I like your videos as now even my 9 year old son started watching your videos with me and it is very helpful. Thanks for the good work
@nae4830 5 жыл бұрын
This is incredibly complex and overwhelming. There’s this divide it seems, between people who knew what to do and those who knew nothing except get a new car every three years (bad decisions). Those who saved/retirement and those who have nothing. Then us as their children with student loans? Buying a home? And at the same time are suppose to save for retirement?
@TwoCentsPBS 5 жыл бұрын
Absolutely. Poor financial education is definitely somewhat to blame. We're trying to do our part to stem the continuous downward cycle!
@mysweettsumelody 3 жыл бұрын
I love this channel so much, thank you for existing
@ItsGroundhogDay 5 жыл бұрын
The thing I could learn or at least reinforce from my parents is something I already learned on my own. You don't need to wait until you are 65 to retire. Pay off your house and save responsibly, and you'll have more money than you could spend in a lifetime.
@casualinvestor2910 5 жыл бұрын
I am lucky because my mother taught me how to save. I thank her for it every day.
@Indi_Prashant 5 жыл бұрын
Very helpful video, as usual :) Thank you Two cents for educating us about financial security..... Love from India :) :)
@rejwanbuet05 4 жыл бұрын
I don't think you need to know that, but you are my most favorite internet couple!!! God bless you.
@marioluigijam3612 Жыл бұрын
As a young man (19) I am grateful my parents have always been open about money and we constantly talk about finances.
@AntonioBarba_TheKaneB 5 жыл бұрын
here in italy is quite normal to talk about money (I just had a chat with my parents about my current debts and my plans to pay them off) and it is also very well established that we should “return the favor” to our parents, when possible. I didn’t know that you guys in the US had such a taboo.
@ninjaguysith 5 жыл бұрын
America has this weird idea of preserving a child's "innocence" by not teaching them anything about the difficulties of life, so some young adults learn through trial and error or some never learn at all.
@TwoCentsPBS 5 жыл бұрын
@@ninjaguysith WHAT YOU SAID
@AntonioBarba_TheKaneB 5 жыл бұрын
yeah I can see the reasons behind it, I guess it’s just a cultural thing.
@AnotherArmedZombie 5 жыл бұрын
Jokes on you. Already cut my parents off after they put me into credit card debt.
@taiven.lechevalier 5 жыл бұрын
That’s a good fellow.
@TwoCentsPBS 5 жыл бұрын
That's horrible. I'm so sorry.
@superbros1690 5 жыл бұрын
Dont cut them off, just learn to have them as your parents however, your financial is not involved. You will regret it, I promise.
@pawsnotclaws2772 4 жыл бұрын
Ryan Fleming same thing happened to my bf. Even tho he still talks to his parents
@doriannamjesnik3007 3 жыл бұрын
Good riddance.
@Cameroner1 5 жыл бұрын
What do I google for an outline of a, "Just in case" folder? Am I asking for locations (and maybe values) of all assets and liabilities?
@PhongNguyen-nz9kz 5 жыл бұрын
I love your channel, I have been looking forward to watching your content.
@joshua_sykes 5 жыл бұрын
This is a fantastically important video. Thank you for the quality educational content =]
@noziashahapor9299 3 жыл бұрын
The most amazing vedio in KZfaq. Subscribed right here right now. ❤️❤️❤️
@cristinapatino8726 4 жыл бұрын
I liked this. Thank you. It is definitely a privilege to look after them.
@Chubbylito11 5 жыл бұрын
This is sooooo timely
@herpderpington6825 5 жыл бұрын
""They fed and housed and chauffeured you around." WE DIDN'T GET AN OPTION! A parent who has a kid just to give themselves a caregiver is horrible!
@TorontoNeurospicyGirl 4 жыл бұрын
I KNOW RIGHT?!? It was their decision to have kids... feeding and housing them is the basic responsibilities of any parent, not some trophy worthy accomplishment that makes the kids owe you forever.
@notmyopinion4981 4 жыл бұрын
TRUE! I won't make any sacrifice for my parents, who were shit people to begin with. They never never chose me or my siblings over smth they wanted, or someone else wanted. We were always last. My aunt once told me: 'you should be grateful for your mother, bc she could have just packed her things and run away, and leave you behind on your own' You can guess how shit my mom was, when that's the only thing to be grateful about...
@redunicorn7760 4 жыл бұрын
Also my parent's barely did yha
@bsolutions525 4 жыл бұрын
@@notmyopinion4981 I would never call my parents 'shit'. shame on you. Even if I didn't have the best childhood and had to leave home in my teenage years, I don't blame them and long since forgiven them. I believe I do well with my own family I build because I don't have that baggage to drag me down
@MrWackozacko 3 жыл бұрын
@@bsolutions525 Shit people deserve to be called shit people, regardless of anything.
@jolubejr 4 жыл бұрын
Thank you for this video guys, this is the least I can do for everything my parents have done
@rizkyikhsan9734 5 жыл бұрын
My parents are about to retire next year and i start thinking about the best way to treat without hurting them. This vids are just what I'm looking for! Really helps 👍👍
@bryanv9304 5 жыл бұрын
Thanks guys!
@jasmineyoungblood 5 жыл бұрын
Wow. I never thought of this.
@Melissa-dd7ys 5 жыл бұрын
I have always had open communication with my parents about money. They used their own finances to teach me financial literacy including investments. As a child, I was annoyed with especially my dad's penny-pinching ways, but now it is appreciated! They are in a position to help this broke millennial, and my disabled husband, with car repairs, health care, or other unexpected bills we can't afford. We are very lucky to have them.
@luisalfonzogonzalez2265 3 жыл бұрын
OMG This video comes to me right in the best time. I am from Venezuela and got my first job abroad which gives me the chance to plan my financial future, while dealing with 100% of my parents monetary support. It is hard, but I need to trace a plan to achieve my goals.
@farrukhsaif108 5 жыл бұрын
Amazing video the animations are great
@chrisconsorte7893 3 жыл бұрын
My family and I had to take care of my grandparents when I was younger. It was hard to watch them deteriorate in their golden years. It wasn’t just physically demanding but psychologically demanding too.
@SBSF04 5 жыл бұрын
My parents are really organized when it comes to money and assets, and always encourage me to do better with it. Now that I see cases like the ones you show, I am even more grateful about their financial health
@gsogymrat 5 жыл бұрын
You may want to do a video on the cost of elder care. My father required assisted living and it was expensive.
@drawin.kuties 5 жыл бұрын
Thank you for helping me since I’m a self supporting student and that I give my parents money directly
@RangerRuby 5 жыл бұрын
Talking about money is difficult with anyone, let alone your parrents! With these tips, you can be sure your on the right track!
@blackbeltfinance4026 5 жыл бұрын
Great video, as always I love the animations. 😎
@rezkialhamdi5369 5 жыл бұрын
Hahahhahahha, monster in behind door Thank, it's good information and give solution about our parents
@fionafiona1146 5 жыл бұрын
My grandparents are all ready in danger of getting expensive, my mum however is great at communicating with them and us children.
@YESIMFUNNYAND 5 жыл бұрын
Man this was so helpful because I'm going through the directions with my mom
@TwoCentsPBS 5 жыл бұрын
So glad!
@charlesphilhower1452 8 ай бұрын
Excellant advice.
@tsawra007 4 жыл бұрын
Love this video very much.
@OVXX666 5 жыл бұрын
love u guys
@chuckkimber2773 5 жыл бұрын
Just sent them a link to your video, telling them to consider this, "us having the talk". Guess I can check that box, right?
@MZMA1689 4 жыл бұрын
You guys are incredible
@sarahs.9292 3 жыл бұрын
I have had these talks with both sets of parents. Given my background with my own parents and their behavior I will not be helping. My sister has offered understandably. My in laws are in a fantastic shape.
@olandir 5 жыл бұрын
Yeah, this right here is so critical. I didn't have the talk with my parents. They were very bad with money, spending it recklessly and when my step-dad died unexpectedly (at age 70 he was still working!) everything started to fall apart. They didn't own their home so I moved my mom to senior living apartments that she could afford with her SS and she was still doing some side work to pay the misc expenses, but then her health went into decline. Fortunately, my finances were in good shape when this happened so we were able to step in and help in a way that didn't cause us any debt by paying certain bills, but it was and is still a very dicey situation as my mom doesn't want to be dependent on anyone. TLDR: TALK TO YOUR PARENTS ABOUT THEIR FINANCES EARLY! Do not end up a cautionary tale. It will take a toll on your relationship with them if you have to just jump in and start doing for them because there's no other choice.
@jeffreysy418 4 жыл бұрын
love x 10 your channel!
@00000a0009 5 жыл бұрын
Luckily there are countries with pension systems and top notch public health care
@technojunkie123 5 жыл бұрын
Oh man after graduating college and finally getting my first full-time job I'm starting to deal with this exact situation right now and it's so stressful, especially since my parents are older than most of my peer's parents since they had me later in life
@fayazahamed1234 5 жыл бұрын
Amazing video. Good luck
@pshivvy4212 5 жыл бұрын
Could you make a video on information about insurance and all?
@Tapankumarr12 5 жыл бұрын
I feel the above video is not of a big issue back here in India. We are bound by our culture and society to take care of our parents anyway. However, there are exceptions! No one or no country is perfect!.. another good & give it a thought video from 2 cents! You guys are amazing! We Love you 3000! 🥳😀
@arescet 5 жыл бұрын
Well my parents buy random stuff, soooo i'll just listen to you guys
@hungvu2774 5 жыл бұрын
I love my mama, I try to do everything myself, get a part-time or even full-time job during summer season. I have seen most of my classmates are likely spent wholly either their budget and parents's fund buying whatever they want and never pay back for their parents, I understand parents all love us with unconditional love but somehow, just save something for them and do home chores at least which helps our family, more importantly, for you, too.
@vintagetears2416 5 жыл бұрын
Not my parent but my grandma. Told her directly to watch your vids.
@zakhonandlovu2577 5 жыл бұрын
Liked it before I even watched it!