Box of Rain
Dryer sheet wannabe
I think the ideas discussed already are good. Bottom line is he needs to get a job, any job and preferably one with benefits. Will he be medicare eligible at 65?
Why are people talking about part time jobs? This man needs to work as many hours as possible, like a 40+ per week job, with a part time side job and try not to withdraw from that money he is inheriting for a long time (to permit it to grow).
Most important to many people reading these posts would be the prevention side of things that is too late for this particular man. Not wanting to be judgmental, so will say that in general but not specifically this man, a family like theirs can not afford to have one person work full time and the other adult be stay at home. I know,. child care takes up the income of one spouse often, but work on that so that both adults can be earning income for the family. Stay at home house husband or stay at home house wife is a luxury for the more wealthy families and in those cases there will be assets to split when that divorce rolls into their lives. Across the street from us was a woman who was treasurer of a large corporation and her husband was a SAH Father raising the kids, going to the park, playing in backyard, carting the kids to soccer and dance and what not what. They probably could afford all that and probably were building a lot of savings (based on her salary that was published in our local newspaper). But wow, if they did the SAH father thing and spent all their money and did not have a pile of saved investments by 20 years into that life, wow, they'd be so much fools. Don't be so much fools.
I've got a sister and her husband who don't save much, are always in debt, multiple bankruptcies over past few decades, had to sell their house in which they had no equity and now rent back from the new owner, her husband turned down multiple opportunities over the years to take higher paying jobs at his employer because in his low level job he meets lots of celebrities and often gets restaurant freebees that let them go to posh places. They're both low 60's and they are going to be in a bad place financially when the time comes that his employer thinks he's too old for the customer-facing position he has, and she is unable to sell the crafts that she does. Don't be so much fools is the best advice I can give anyone heading for a life making foolish decisions. But for the fools, time to get a full time job and a side job for the hours you are not working at your full time job.
Why are people talking about part time jobs? This man needs to work as many hours as possible, like a 40+ per week job, with a part time side job and try not to withdraw from that money he is inheriting for a long time (to permit it to grow).
Most important to many people reading these posts would be the prevention side of things that is too late for this particular man. Not wanting to be judgmental, so will say that in general but not specifically this man, a family like theirs can not afford to have one person work full time and the other adult be stay at home. I know,. child care takes up the income of one spouse often, but work on that so that both adults can be earning income for the family. Stay at home house husband or stay at home house wife is a luxury for the more wealthy families and in those cases there will be assets to split when that divorce rolls into their lives. Across the street from us was a woman who was treasurer of a large corporation and her husband was a SAH Father raising the kids, going to the park, playing in backyard, carting the kids to soccer and dance and what not what. They probably could afford all that and probably were building a lot of savings (based on her salary that was published in our local newspaper). But wow, if they did the SAH father thing and spent all their money and did not have a pile of saved investments by 20 years into that life, wow, they'd be so much fools. Don't be so much fools.
I've got a sister and her husband who don't save much, are always in debt, multiple bankruptcies over past few decades, had to sell their house in which they had no equity and now rent back from the new owner, her husband turned down multiple opportunities over the years to take higher paying jobs at his employer because in his low level job he meets lots of celebrities and often gets restaurant freebees that let them go to posh places. They're both low 60's and they are going to be in a bad place financially when the time comes that his employer thinks he's too old for the customer-facing position he has, and she is unable to sell the crafts that she does. Don't be so much fools is the best advice I can give anyone heading for a life making foolish decisions. But for the fools, time to get a full time job and a side job for the hours you are not working at your full time job.
