Brought to you by the Every Dollar app. Start budgeting for free today. I and my wife were both

physicians and were pretty financially sound. And my father is not. He has a pretty well-paying job,

but still is paycheck-to-paycheck and actually got into some trouble this last year and had to borrow

money from me he's

actually collecting social security now he's in his 70s and he has no ability to retire whatsoever

and so has quite a lot of debt and i'm imagining inheriting these troubles very soon and i'm

just kind of curious how you guys would recommend i'll go about well let's address the future

let's address what you mean by inheriting

his troubles what are you going to know I think you know ultimately I think I have other health

is going to catch up to him or he kind he's kind of made some morally ambiguous decisions and I'm

worried that something like the you know the folks what's phrase eggs are going to come home to

roost or whatever well his debt his debt is his debt is his debt. So, so whatever he's done there from a debt standpoint, that's not coming to you. Now, in terms of, like, just taking care of him, though, and like, that I understand. Yeah, he's going to be. Sure. I understand that. Yeah. Are you married, Brandon? Yeah, yeah, yeah. Okay. We're both positions.

We make a decent amount of money.

Okay, yeah. Okay. We're both physicians. We both, we make a decent amount of money. Okay. Yeah. How much do you guys make a year? So I'm in my final year of training now. Um, next year together, uh, about 500,000 a year's, well, we're working together. Oh, wow. That's great. Um, this is always a hard one because, you know, on one end of the spectrum, it's, you know,

some people put up pretty tough boundaries and they're just like, I'm sorry, you know,

your decisions are your decisions and I'm not going to, you know, have to be responsible for those.

And then on the other end, it's like, we're not going to let our parents, you know,

be homeless. You know what I mean? Like, like, there is a, there is a, um, a balance in all of this.

So what I would probably do is you and your wife need to sit down and run worst case scenario.

And I would, um, and then I would kind of play out, hey, what would this look like? How far would we go? And then also put up some boundaries where that I don't like that he's borrowing money from you. I think that either needs to be a gift, because it's probably never going to be repaid, right? I mean, oh yeah, yeah. And that,

that's, that it was a gift. I have no. Okay. Okay. Okay. So gotcha, gotcha. Now that can be a leaky

faucet for a long time unless you, unless you put on, you know, put up a boundary of dad.

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