382-How to Remove Your Adult Children from Suckling at Your Financial Teat (aka, How to Get Your Boomerang Kids to Grow Up and Leave!)
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 5 October 2016
⏱️ 49 minutes
🧾️ Download transcript
Summary
I recently read an article from the New York Times called, "It's Official: The Boomerang Kids Won't Leave." The story is a familiar one: adult children fall on hard times after college and need to move home in order to make ends meet.
This is an experience that many parents have had.
The challenge is this: how do you get the kids to leave? What can and should you be doing in order to get them to a place of autonomy?
In today's show we tackle this subject.
We also cover some ideas for younger parents to implement in order to help your children avoid the boomerang effect in the first place.
Joshua
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Transcript
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| 0:00.0 | I believe that as human beings we all share some things in common and one of those things |
| 0:06.8 | that I think we all share is an appreciation for the beauty of mothers and their babies. I've always loved to watch mothers feed their babies. |
| 0:18.8 | I just think there's just something really, really beautiful about it. Now you can pick your favorite image. I'd like |
| 0:25.1 | to see all kinds of different animals. The funniest looking ones I think are |
| 0:28.7 | often deer. If you watch deer feed her baby fawns because they just are so alert |
| 0:33.6 | and they don't settle down and they're not domesticated so the |
| 0:37.7 | head is up and their eyes are looking around and you get the sensation that |
| 0:40.8 | at any moment this deer could snap and all of a sudden that baby |
| 0:44.4 | has got to just race off after mom. Goats I think are some of the funniest because |
| 0:50.9 | the little kids are so awkward and gangly. |
| 0:54.0 | Sheep are really cute. |
| 0:56.1 | Cats are beautiful. |
| 0:57.4 | Dogs are cool to watch. |
| 0:59.2 | I like to watch cows because little baby cows just, |
| 1:01.7 | they're funny and |
| 1:03.8 | he's feel like the mama cows are at some point in time gonna just kick the baby cow |
| 1:10.1 | to get them to stop pushing so hard when they get their head underneath and they're sucking |
| 1:14.4 | on the mama's utters and they get their head under there and they're just butting and pushing |
| 1:17.4 | against it. |
| 1:18.6 | And so I could very happily be a rancher and thoroughly enjoy that lifestyle. |
| 1:25.0 | But one image that's thoroughly etched in my mind is the image of a mother pig feeding her piglets. Just picture in your mind's eye a |
| 1:37.0 | mother pig feeding her piglets. Just simply my saying those words will probably bring a relatively common picture to all of us. |
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