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Old 01-09-2016, 10:18 AM   #21
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Oldest is in college on full ride. With summer earnings he didn't need anything from us. Now I'm wondering when does the government finally consider him independent for tax and insurance purposes?

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Old 01-09-2016, 10:40 AM   #22
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Originally Posted by frayne View Post
Once they're 40, they are on their own.
Aww, you are too mean. Should have waited until they qualify for early SS.

"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
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Old 01-09-2016, 11:14 AM   #23
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I was pretty hard in the kids, expecting them to work from age 16 while maintaining good marks at school. It seemed to work. Their grandpa allocated $5k towards their first car when they graduated. The first put it towards a lease of a red used 240SX sports car. The second asked for my Mazda RX7 (which I was only using in the summer). He also worked at a restaurant chain 3 nights a week and made big tips during the last 2 years at the uni. Then he got a transfer and continued the work for 2 more years while holding a day job. He paid off a new car and a down payment on a house.

They also get $3500 each a year for birthdays and Christmas.

Now that the grandkids are reaching university age, I am giving them $10000 each per year for four years. After that, who knows? I hope it will achieve launch for each of them.
For the fun of it...Keith
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Old 01-09-2016, 12:16 PM   #24
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Our only child (DS) is 35 started part time work at 16 to have pocket money, gas and car maintenance. We paid for his college and I helped him with summers internship. He started full time engineering job right after college at 23 and moved out same time. We help him and his wife with raising our only grandson: driving to pre school and staying with him while he is sick.
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Old 01-09-2016, 12:24 PM   #25
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The 25 is self supporting. She owns her own business. She has not been living at home since starting college. The second kid is majoring in Computer Science/engineering, she just turned down a summer job that pays about $90k a year. I'm hoping when she graduates she will at least get a job and be self sustaining.

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Old 01-09-2016, 12:36 PM   #26
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My son and only child was fortunate enough to attend a private boarding school and graduate college with a business marketing degree. Since he was about 14 years old I insisted that he work during his summers. During his college days I got him a job in a factory where they worked his butt off and he realized how important it was to get an education. During his summers he did everything from working for a moving company, dishwasher, lifeguard, piano player for a church, and working in a car wash. Today he is thirty six years year old, married, two children and has started and sustained two different companies and employs at least six individuals. A little shameless plug for his companies:

Liberty Brick LLC - Chattanooga, TN - Building Supplies
Brickhunter US is the online source for all your brick, stone and paver needs

It is my hope he does well enough not only to take care of his family and gets his kids an education but also successful enough to take care of my butt in old age.

A totally unblemished life is only for saints.
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