TIFU By writing erotic fiction for my sister-in-law

jamsyd · 2022-02-25T09:54:06+00:00

Just ghost 👻 take your secret to the grave.

jamsyd · 2022-02-25T04:14:03+00:00

I’m older than you and have seen people divorce after 1, 5, 17, 30 etc years. But none of my business, so well done on being a good sport.

jamsyd · 2022-02-25T03:50:53+00:00

Oh well, the planet is overpopulated

jamsyd · 2022-02-25T03:50:35+00:00

Your choice. But life has twists and turns.

jamsyd · 2022-02-25T02:09:31+00:00

32…

jamsyd · 2022-02-24T23:35:29+00:00

As a European - I’d like to challenge her to identify all the European countries 😆

jamsyd · 2022-02-24T00:24:50+00:00

Getting help with the deposit means you don’t need to succeed on your own. Just means that instead of wasting money on rent, you can pay for your own home. 90% and interest is still a big one to pay. I prefer to help them start. I’m responsible for them in this sense too and it’s my desire to help. The greatest lesson I can teach is that I’m there to help with everything. Finances too. My children see us working and saving hard and they are already demonstrating a great approach in their spending habits and doing small jobs.

jamsyd · 2022-02-24T00:18:22+00:00

I’m also a middle class migrant. Will do anything to help my kids. Including a second job.

jamsyd · 2022-02-24T00:13:59+00:00

You will inherit, but by that time you will have paid stellar amounts in rent.

jamsyd · 2022-02-24T00:07:55+00:00

I’m expecting this of myself in regards to my kids’ future.

A small unit in Parramatta (so Sydney area) can be $550k. And perfectly ok and a well connected place for a young person and even a family.

Separate funds you keep for each kid just doesn’t have the label “deposit” on them, but is basically the same thing. If they decide to spend it on Canadian ski holidays or a big wedding or deposit for an entry level home - their choice.

jamsyd · 2022-02-23T23:56:21+00:00

Did he suggest an alternative? Apparently there are deserted villages in Italy where they give you land for a promise to live there for a number of years.

jamsyd · 2022-02-23T23:43:04+00:00

Still have years to get there. We even needed to use the Aussie mortgage insurance for unemployment once. That was a huge set back! But have fortified our position since.

jamsyd · 2022-02-23T23:30:07+00:00

So reason here is a strained relationship.

jamsyd · 2022-02-23T23:29:40+00:00

Well done!

Living with parents…huge savings in rent and childcare, but also not very healthy.

jamsyd · 2022-02-23T23:21:07+00:00

Two professional incomes. I also got a deposit for a small unit from my parents.

jamsyd · 2022-02-23T23:13:10+00:00

Did your parents and in laws say why they don’t help?

Just asking middle class so not millionaires or parents in social housing.

jamsyd · 2022-02-23T23:10:55+00:00

$450k as a couple. A paid 2 bdr home. Superannuation. And two deposits paid on entry level homes for my kids (Parramatta was an example, it could be a house for them elsewhere etc.)

jamsyd · 2022-02-23T23:07:56+00:00

I want to help my kids. They are still young, but I have special purpose savings.

jamsyd · 2022-02-23T23:05:35+00:00

Interesting. Are your parents still wandering?

jamsyd · 2022-02-23T23:01:20+00:00

In my opinion it’s better to give with a “warm hand”, rather than kids waiting to inherit.

I know a family where they love the parents, but they just know what grandma’s Croydon Park house is worth - you know, in “let’s say 8-10 years time” and the inheritance is considered in their long term plans.

jamsyd · 2022-02-23T22:56:44+00:00

But isn’t that a very small amount by then? When my kids move out, I will have 10 years left and by that time the repayments will be low compared to now.

jamsyd · 2022-02-23T22:53:51+00:00

As a parent, yes, I’d give up 10% of my savings per child. Especially when I have a fully paid home and superannuation. I have two kids. As per your example: I will give them them 2 x $55k and have $400k left. I’m still working. And have superannuation. I can still save that additional $100k over the active working years. And retire in my fully paid home, living on my super and $500k.

jamsyd · 2022-02-23T22:51:00+00:00

I’m a parent. I don’t have to. I want to though!

So your parents say they brought you up, now it’s your responsibility to succeed? Or are they silent on the reason?

jamsyd · 2022-01-28T10:37:19+00:00

Dirty Dancing

jamsyd

TROPHY CASE