4.6 • 682 Ratings
🗓️ 8 September 2024
⏱️ 9 minutes
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0:00.0 | brought to you by the every dollar app start budgeting for free today all right today's question |
0:07.0 | comes from robert in texas my wife and i put our kit our children through college bought them cars |
0:12.8 | and provided them for them till they moved out to this day we still pay their phone bills |
0:18.0 | in spite the fact that our oldest child is a doctor and our youngest is a manager for a high-end retail company. Both earned six-figure salaries due to unforeseen |
0:26.9 | circumstances. We were hit with two natural disasters last year, a flash flood and a fire to our |
0:32.9 | home. We didn't have flood insurance, but we're able to cash flow the repairs for the flood and are deductible for the fire. |
0:39.7 | We currently only have three debts, two vehicles, which replace the ones that we lost in the flood, and our mortgage is $47,000. |
0:48.3 | Even though our children earn four to five times what we make, they say, according to your teachings, in parentheses, |
0:55.6 | they have no obligation to help us. They have told us, well, Dad, Dave Ramsey says, |
1:02.0 | to allow you to sink or swam because your debt is your obligation. Are we wrong to ask them |
1:09.3 | for help, or are they interpreting your advice incorrectly? |
1:17.5 | Wow. |
1:19.2 | Okay. |
1:19.9 | It doesn't sound like they're seeing. |
1:21.4 | First thing is, it's weird when you pay your grown kids bills of any kind including their phone bill |
1:29.8 | and you know whose fault that is robert yours you should have cut that off when they left |
1:35.8 | home i don't pay rachel's dadgum phone bill i don't pay her netflix bill |
1:41.2 | denise does have those netflix password though, I didn't give it to her. |
1:45.2 | That's besides the point. |
1:46.0 | That's not the point. |
1:49.4 | So that's thing one. |
1:51.2 | Thing two, Robert, when you raise children and as part of raising them, you buy them a car and pay it for their college. |
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