You Should Talk To Your Parents About Money!

[@valueStocks]

*My father sat me down as early as 10 and showed how saving 10% of each paycheck could make me a millionaire by the time I was his age. Best advice I ever got.*

[@mads7401]

How old are you now and how did it go? I'm 18 and learned about compound interest, it sounds amazing

[@valueStocks]

@@mads7401 Im 29 now and its been going great. Its such piece of mind knowing you are not in debt like 99% of the population. I talk finance on my channel and go into what I am doing financially from time to time.

[@jondoe3599]

subbed.

[@HuanNguyen..]

The Richest Man in Babylon :)

[@goldfishcrayon]

@David typically people receive raises over the course of a lifetime and invest their savings once they hit a certain point. Saving 10% of 45k from age 18-65 is about a quarter of a million with basic savings interest rates. Have to invest to make the $1 million.

[@mohammadamanghauri]

I always thought American culture doesn't care about its elderly. Thanks for shedding light on my ignorance. You guys are very respectful.

[@binozia-old-2031]

Mohammad Aman In some countries you are expected to care and support your parents financially all the time but in north america and australia you help them if they have an emergency but the elderly normally have their own money that they saved up and earned while they were young and working. hope this helped :)

[@DarthRadical]

@@binozia-old-2031 Plus we're already forced to pay towards the elderly with 14.4% of our income.

[@BaioWithMayo]

yeah our social security payments are usually how we consider that payment going. I see it with my parents helping my grandparents now, its not so much financial issues (elderly grandparents rent out 2 units in the upstairs of their building) but travel, food and health are where they spend their time. My grandparents like their independence, they dont want to move in with their kids like many people do, and would look at themselves as a burden. So its not that we dont care, its that a lot of elderly prefer to be on their own and dont really want to ask for help

[@MrSoldierperson]

Wtf Why wouldn't we care about those who wiped our ass?

[@redunicorn7760]

@@DarthRadical where do you live that you do that?

[@mackaarony]

Sounds like a fun after-dinner discussion! "Hey, could I get cheesey potato recipe? Also, how realistic are your current retirement plans?"

[@TwoCentsPBS]

@Justin LOLZ! This is the one!

[@TwoCentsPBS]

Speaking of cheeeezzzzzeee...

[@wolfpackflt670]

Ha, my mom said "what retirement plan?"

[@martinachan7719]

@@wolfpackflt670 YOU. YOU are my retirement plan.

[@Melly16yr10]

@@wolfpackflt670 Is she for real?

[@TampaTec]

My parents were so bad with money they went to jail. Their debt was about 1 million by age of 40 and my dad died broke at 50, afterwards my mom remarried an older guy with money. 🤷‍♂️ I learned from their mistakes, don't live beyond your means and payoff debt sooner than later.

[@sahilaleem480]

Hey tampa! I love your vids! It's so nice to see you here!

[@aakksshhaayy]

and marry a rich person

[@ladyaridette]

How the hell do you go 1 million into debt?? I’d be too paranoid to let it get that far

[@hiteshadhikari]

​@@ladyaridetteafter a certain number, you stop comprehending it and you get even worse

[@Dan99]

Can you make a video about what older people who haven't saved up for retirement should do?

[@omarramos8927]

Dan Khan 😇🔫

[@gent8940]

You vote for a universal basic income (Andrew Yang in the US, for 2020)

[@nicholasn.2883]

Omar Ramos Why you got to do it to em?

[@lkjkhfggd]

Just don't retire at 65. 65 is an arbitrary number that someone chose because the life expectancy back then was 68-70. You just gotta work longer if you don't have cash saved up, and even if you do have the cash to retire, there's a lot of books suggesting you should never retire, as retiring removes a lot of your drive in life, leading to a dull final years.

[@correctionguy7632]

@@lkjkhfggd funny joke bob

[@JohnNathanShopper]

Parents don't tell you things. That's why we need KZbin.

[@videojosh20]

Don't blame them too much though. Parents do their best and make mistakes. And they can't tell you what they don't know.

[@pawsnotclaws2772]

JohnNathanShopper they dont

[@asadb1990]

my parents only give me one financial advice: that i should bring all my money and give it to them. and not at all live my life except barely scrape by. they discourage me from saving.

[@zaharakhan4254]

@@asadb1990 that's awful, trust your instincts!

[@asadb1990]

@@zaharakhan4254 i guess live and learn. now i don't trust them to pay me back for even bread when i run to the grocery store. they believe that one should pay for another family member's small grocery items when you are buying a lot of stuff but they would never return the favor when they are buying a lot and im buying a small item like a loaf of bread.

[@harlan7777]

The reason I'm so interested in finance is because my parents weren't. They lived check by check ever since I was born and there is no way I'll let that happen to me.

[@avarice4556]

Yup, living stupid by stupid and my brother is doing the same.

[@slowrurallife1617]

I'm 26 years old. My parents are still doing that. Told them 100time to check their expenses but they don't especially my mother. Because of them my financial condition is affected.

[@madeline5175]

THANK YOU FOR THIS VIDEO!! I've been bugging my parents and pressing my spouse to do the same for his. Both sets of parents will need our support. It is very stressful.

[@lkjkhfggd]

That's rough. My in laws will no doubt move in and depend on us within a few years, but I'm lucky that my parents are very financially secure, and even if they weren't, I have two sisters who are both nurses and make great money.

[@TwoCentsPBS]

::hugs:: it definitely is.

[@JaeyoungChong]

THIS VIDEO. This video could not have come at a better time. Just graduated from masters and have to deal with all of this now. Biggest thanks AND regret is that they've spoiled me, helped me through everything. I used to think I was independent but now I feel more dependent than ever and my parents are getting old. I'm struggling to give up the time I have (to work and hustle which btw, a crucial time to work because schoold don't give you a life, you CHASE IT on your own) to take care of my parents (Which... coming from a very conservative Korean family, they sort of expect it). I need to rethink everything and work everything out. Being mindful about financial things have been the most stress-relieving thing ever. And this video was a big help. Thank you.

[@TwoCentsPBS]

You're so welcome!

[@judithsanchez3821]

Thanks for covering such a difficult topic and shed some light into my thoughts about it. You have really helped me. Please, keep doing this amazing work!

[@TwoCentsPBS]

So glad! We will!!

[@khusseinkhomeini]

You guys are fulfilling a tremendously important role by teaching people about financial literacy that is largely neglected by traditional educational institutions. Thank you.

[@alvint2635]

Well my parents’ master plan was to have money until I graduate. No businesses, no investments, not enough from pension. now I have to support all their financial needs in their remaining lifetime.

[@CaRLO12121A]

Binge watched the whole Two Cents video catalogue on my day off and I hear the intro... *Gasp!

[@TwoCentsPBS]

YOU WIN!!!

[@CaRLO12121A]

@@TwoCentsPBS Ya'll got me :D

[@johhnycash1515]

Coming from financially unstable household really made me learn a lot of things and talking to my mum about finances all the time made for a big lesson in life, and it taught me how important open conversations about money ate

[@anorganicpixel]

Not kidding, this is the most important video you guys have made. So many people do not talk about this and there is still so much more to discuss with this topic.

[@TheBemused]

I had to sit my parents down last Christmas and have “the talk”. My sisters and I now have a better sense of what to do if something were to happen to them. They’re also less than 10 years from retirement and don’t really have anything saved up. Even though I have two sisters, I know they would look to me for financial support because I’m the eldest and, because I’m a financial planner, I’m the most financially-savvy. However, I would rather not wreck my own financial health and future taking care of them, so I do my best to help them find ways to save for retirement. These conversations are SO IMPORTANT! -Akeiva

[@TwoCentsPBS]

Agreed! Sheesh. Even though we're planners too it's STILL so hard to have those convos. With ya sister.

[@iGnominee]

I'm fortunate enough to have a "transParent" dad. I know where they're at and all their financial woes/aspirations/retirement plans. We "the kids" have also been able to give our financial 2 cents and talked them out of buying another home when they're less than ten years away from retirement, it shows great humility to listen to their kids and just how much wisdom they've imparted to us. As they say we stand on the shoulders of those who came before us, and I've been blessed to have such amazing parents.

[@MeMyselfAndKgore]

When I was 18 I had to give my parents 10,000 so our house wouldn't get foreclosed. That was supposed to pay for my college but instead I had to work and go to college which made me flunk out after making the deans list for the first first time in my life. At least I'm not in debt but that basically cost me my future. Anyway I'm still clearly upset about it. Have a good day

[@MeMyselfAndKgore]

@C B I never said my life was ruined. I was saying it made it far harder than it had to be

[@MeMyselfAndKgore]

@C B its all good I understood how it seemed like that. I was thinking of it in the terms of opportunity cost so I could have been more clear. Anyway have a good day and thanks for giving me the time

[@taiven.lechevalier]

Damn, that’s rough. I’m sorry, man. You got a raw deal as a young person.

[@roxcyn]

@@MeMyselfAndKgore - that's messed up! I wish you the best.

[@jacobschweiger5897]

Why didn’t you just get a loan?

[@BrawlBros14]

After getting a stable, part-time job my parents and i talked to each other about our financial future. If you have a strong relationship with your parents, I highly recommend doing it! Both sides will benefit. Parents lent me some money and I was able to pay it back. A few weeks ago my parents needed a bit extra so i helped them out and they paid me back. Trust between both sides is crucial if you want it to work.

[@Iffy50]

Just be sure that if is never paid back you will be willing to let it go. I've lent a couple friends money many years ago. $500 U.S. to one friend and $100 to another. They did pay me back, but if they hadn't I would have just let it go. It didn't help our friendship in either case. My wife and I are both re-married and we have been married to each other for 12 years. When she first got divorced she had to give her ex 1/2 of the house equity. I loaned her the money so she wouldn't have to get a bank loan, but I wrote a simple contract for that. She appreciates that to this day, but it was a bit of a dangerous thing to do.

[@TheSystemaSystem]

@@Iffy50 My father taught me at a young age that if you lend 500$ to a friend and you never see the money or the person again, that was money very well spent.

[@Iffy50]

@@TheSystemaSystem That made me lol, literally. Good wisdom! ha ha

[@avarice4556]

This is where you're showcasing the difference between your situation and ours my parents don't talk to me about finances and last time I actually did get one of these dummies with kids to actually do it they were like they don't have anything in savings. Their concept of saving is non-existent, it just doesn't exist whatsoever but surely the concept of working until you die exist without zero savings or alternative forms of income. I'm bitter about it ngl, I really am but the goal is not to be like them when it comes to stuff like this.

[@avarice4556]

@@Iffy50 Same but 500 is high tho. Used to let $20 to my dad or he'd steal it and then say he'd pay it back as he comes the next day and steal it again. The wisdom by his actions taught me a lot. ;) I hate this guy btw.

[@colingraham1585]

Make a video of why “PARENTS should talk to their children about finances.” It shouldn’t be the other way around. Not all of us are fortunate enough to have parents like you two.

[@megatron2535]

I love all your videos, this one in particular speaks to me! Congratulations on your channel growing so much already and keep up the hard work!

[@TwoCentsPBS]

Aw thank you so much!

[@OkraPlutonium]

Can't wait to see this series explode. I hope my generation gets to see a personal finance revolution.

[@TwoCentsPBS]

DITTO

[@CalixesYT]

Thank you so much for this video. I made my mom watch it, and I almost teared up. It is a necessity. Thank you SO SO much ❤️🙏

[@Neryssa111]

Since my parents cashed out their 401k before the age of 65 I told them straight forward, since they don’t want to be smart with their money they won’t get a dime of mine. Now they realize how bad their money situation is going. I can only wish them good luck. I’ve tried for 2 years to get them to budget. They consider “budget” a bad word and start yelling at me how it’s impossible to live below your income. 🤷🏽‍♀️ Their loss.

[@bojanbozic1542]

Just buy few real estates and with the rest buy gold and youre set for life. Inflation cant get you and when inflation gets really bad just sell the gold and buy even more real estate. Thats kids how you become rich

[@redunicorn7760]

@@bojanbozic1542 oh yeah JUST buy a few homes😂😂😂

[@nabeel9187]

@@redunicorn7760 this advice works for developing countries.

[@Big-Government-Is-The-Problem]

wow, they sound really dumb. i guess nobody likes having their bad situation being pointed out. they'd rather paint you as the bad guy rather than being mature and changing their habits to help themselves

[@samanthaaaz22]

@@redunicorn7760 and gold is a shit investment

[@4tunecookie]

This situation is even harder for people who had parents that did NOT take good care of them as children. I was neglected as a child, then experienced chronic stress as an adult because of my parents’ financial irresponsibility. I had to set boundaries with my parents and let go of some of the societal expectations that we HAVE to take care of our parents, regardless if they took care of you. 😢

[@sucyshi]

Since I left my hometown at 18, I just told people I "have no parents" until I was adopted as an adult in my 20s by the best parents in the world. It's really easy to avoid such taboos when your background is abnormal if you find the right conversation ending statement.

[@danielponder7165]

I do hope people have these conversations. I had to find out way too early of an age what do with my my parent’s estate. Admittedly, I don’t have to worry about their latter decades but I do hope others more fortunate to have their parents can have those conversations. These videos are great and have helped me organize and manage my finances etc

You have no idea how much I appreciate this video, the airplane mask comparison makes so much sense.

[@TwoCentsPBS]

So glad it resonated with you!

[@KevinSheppard]

This was an important topic that I knew I had to tackle, but I realized I was ill-equipped to do so. Thanks for making this vid.

[@marioluigijam3612]

As a young man (19) I am grateful my parents have always been open about money and we constantly talk about finances.

[@lorenzocobb7919]

This is something I have been trying to tackle earlier than later. Thank you Two Cents!

[@gilius]

What a nice video! I had that talk with my parents 5 years ago when mi Father got cancer... He got all medcial expenses by the state (Mexico). When my Father left 3 year ago my Mum and me had a very calm and nice chat about retirement, house, saving... Turns out my Parents begint to plan and fix things for their retirement more than 20 year ago. My Parents make sure that not debt was going to ruin their silver days. They just work hard and smart... My Mum is still working, but just because she hate to sit still at home.

[@shawnsmith564]

This I cannot do. My parents are just down right awful with money and don't know how to save and believe that because they are the parents they know it all

[@shawnsmith564]

This is why I have to leave they left me in debt numerous times and think it's ok because we are family and I'm not trying to establish my own credit

[@olandir]

Yeah, this right here is so critical. I didn't have the talk with my parents. They were very bad with money, spending it recklessly and when my step-dad died unexpectedly (at age 70 he was still working!) everything started to fall apart. They didn't own their home so I moved my mom to senior living apartments that she could afford with her SS and she was still doing some side work to pay the misc expenses, but then her health went into decline. Fortunately, my finances were in good shape when this happened so we were able to step in and help in a way that didn't cause us any debt by paying certain bills, but it was and is still a very dicey situation as my mom doesn't want to be dependent on anyone. TLDR: TALK TO YOUR PARENTS ABOUT THEIR FINANCES EARLY! Do not end up a cautionary tale. It will take a toll on your relationship with them if you have to just jump in and start doing for them because there's no other choice.

[@sewthreadable7024]

I LOVE THIS CHANNEL. I am now helping my parents manage their finances and your clear enunciation makes for amazing videos to send to my parents who don't speak great English. Thank you!

[@Melissa-dd7ys]

I have always had open communication with my parents about money. They used their own finances to teach me financial literacy including investments. As a child, I was annoyed with especially my dad's penny-pinching ways, but now it is appreciated! They are in a position to help this broke millennial, and my disabled husband, with car repairs, health care, or other unexpected bills we can't afford. We are very lucky to have them.

[@luisalfonzogonzalez2265]

OMG This video comes to me right in the best time. I am from Venezuela and got my first job abroad which gives me the chance to plan my financial future, while dealing with 100% of my parents monetary support. It is hard, but I need to trace a plan to achieve my goals.

[@Kraziemaniac]

Thanks so much for making this video, this is honestly one of the bigger things that's been on my mind, since a lot of this largely will be falling on me, it's nice to at least hear this being talked about so I at least know what direction to go in for this.

[@Watch-0w1]

Wait,parent are not unlimited income?

[@ceciliaramoscastillo2809]

Sooo me

[@colingraham1585]

Lmfao

[@Farhanfair]

Never has been.

[@dahanisme]

I died laughing

[@wolfpackflt670]

"They fed, housed, and drove your around when you were little. Now your just returning the favor" I didn't say I wanted to be born so that statement is null and void.

[@TorontoNeurospicyGirl]

I KNOW RIGHT?!? It was their decision to have kids... feeding and housing them is the basic responsibilities of any parent, not some trophy worthy accomplishment that makes the kids owe you forever. Can't stand it when people say this. A child is NOT a retirement fund.

[@nae4830]

This is incredibly complex and overwhelming. There’s this divide it seems, between people who knew what to do and those who knew nothing except get a new car every three years (bad decisions). Those who saved/retirement and those who have nothing. Then us as their children with student loans? Buying a home? And at the same time are suppose to save for retirement?

[@TwoCentsPBS]

Absolutely. Poor financial education is definitely somewhat to blame. We're trying to do our part to stem the continuous downward cycle!

[@ItsGroundhogDay]

The thing I could learn or at least reinforce from my parents is something I already learned on my own. You don't need to wait until you are 65 to retire. Pay off your house and save responsibly, and you'll have more money than you could spend in a lifetime.

[@Katarenitin]

I love what you guys do, your way of explaining things is so easy it is admirable!

[@ohtehnoez22]

Thank you both for sharing! This is great information!

[@rejwanbuet05]

I don't think you need to know that, but you are my most favorite internet couple!!! God bless you.

[@ibmtpx24]

I so agree with this topic. It happened to me recently. With people think they are entitled to spend their money the way they are doing now, it becomes their children's burden in the future. It's not about the appreciation or kids having responsibility to support their parents (you should always be appreciative and support your parents) for their work to raise the children. It's about after buying the parent a new car and covering most of their living expenses (food, utilities, property taxes, etc), and the kids suddenly realize that the reason their parents are constantly out of money (and they are working) is because of their out-of-control spending habit. Once they think their children's money is their money, things go downhill for the kids super fast. Not being financially educated, the aging brain, and not believing in budgeting also play a role in this situation. That's three heavy-weight topics that PBS will not get into since this channel is all about being positive. It's nice but it would only take care a tiny portion of the real world cases. I am not sure about creating and sharing that just-in-case envelope with my senior parents either. The planner suggestion is nice again money is finite and bad habit is a mountain.

[@RyanQFleming]

Jokes on you. Already cut my parents off after they put me into credit card debt.

[@taiven.lechevalier]

That’s a good fellow.

[@TwoCentsPBS]

That's horrible. I'm so sorry.

[@superbros1690]

Dont cut them off, just learn to have them as your parents however, your financial is not involved. You will regret it, I promise.

[@pawsnotclaws2772]

Ryan Fleming same thing happened to my bf. Even tho he still talks to his parents

[@doriannamjesnik3007]

Good riddance.

[@Tapankumarr12]

I feel the above video is not of a big issue back here in India. We are bound by our culture and society to take care of our parents anyway. However, there are exceptions! No one or no country is perfect!.. another good & give it a thought video from 2 cents! You guys are amazing! We Love you 3000! 🥳😀

[@chrisconsorte7893]

My family and I had to take care of my grandparents when I was younger. It was hard to watch them deteriorate in their golden years. It wasn’t just physically demanding but psychologically demanding too.

[@sarahs.9292]

I have had these talks with both sets of parents. Given my background with my own parents and their behavior I will not be helping. My sister has offered understandably. My in laws are in a fantastic shape.

[@jerrysinclair6433]

Had the talk last year. It was an eye opener.

[@TwoCentsPBS]

So glad!

[@SBSF04]

My parents are really organized when it comes to money and assets, and always encourage me to do better with it. Now that I see cases like the ones you show, I am even more grateful about their financial health

[@JoseFloresEC]

My dad wants to retire soon yet he has lots of debt from credit cards...and he was like (I'll use my social security (+whatever thing Mexico has) money to pay it off" 🤦🏽‍♂️

[@Iffy50]

Ugh! Credit card debt should be long gone before someone retires. I wish your dad (and you) the best of luck in making things work.

[@rizkyikhsan9734]

My parents are about to retire next year and i start thinking about the best way to treat without hurting them. This vids are just what I'm looking for! Really helps 👍👍

[@AntonioBarba_TheKaneB]

here in italy is quite normal to talk about money (I just had a chat with my parents about my current debts and my plans to pay them off) and it is also very well established that we should “return the favor” to our parents, when possible. I didn’t know that you guys in the US had such a taboo.

[@ninjaguysith]

America has this weird idea of preserving a child's "innocence" by not teaching them anything about the difficulties of life, so some young adults learn through trial and error or some never learn at all.

[@TwoCentsPBS]

@@ninjaguysith WHAT YOU SAID

[@AntonioBarba_TheKaneB]

yeah I can see the reasons behind it, I guess it’s just a cultural thing.

[@Indi_Prashant]

Very helpful video, as usual :) Thank you Two cents for educating us about financial security..... Love from India :) :)

[@caitlin8160]

Glad to see this topic covered. This was my surprise with my family

[@RangerRuby]

Talking about money is difficult with anyone, let alone your parrents! With these tips, you can be sure your on the right track!

[@xynostasos9022]

In Greece during the 2009-2018 financial crisis with youth unemployment over 25%, it was really the other way round: parents and grandparents were supporting the underpaid kids to make ends meet. At least most of us Greeks are not in student debt as Universities are free. But with extremely low wages, it can be hard to save money, at least for those living with the minimum wage.

[@VictorPaixao4fun]

From all the topics that you have talked about, this was the one I loved the most!

[@TwoCentsPBS]

So glad it resonated with you!

[@kamleshjethwa4151]

I like your videos as now even my 9 year old son started watching your videos with me and it is very helpful. Thanks for the good work

[@geekbeauty2043]

It went well. She started budgeting and making plans to make sure she'll be in a good situation for retirement.

[@TheSystemaSystem]

I'd re-check that budget now, if I were you!

[@AnatolyLeonov]

Thanks for mentioning this important side of personal financial health! Didn't think about it.

[@kathleenknox130]

I will say that these conversations can be difficult ones to have. I had a more indepth talk my parents this year and got a better sense of how they'll be taken care of financially. This allowed me to be more open with them about my own financial security. I found that I learned a lot from them about how to plan for my future and even got some information about better long term investments through their personal financial planner (who took me on as a client after our meeting).

[@mr_jeff2932]

Saving my life with this one. Love you guys. Keep it up.

[@NullNoxproduction]

Not all parents are created equally, technically wasn’t going to worry about this problem because I had a bad relationship with my parents. But now that they are older they realized their mistakes and are trying to fix a relationship that I really don’t want.

[@DXmYb]

Do your parents view you as "Dorian My retirement plan Roberts"

[@JennAlmaguer]

Thank you so much for this video! I think about this all the time and I’m glad to have some guidance 😊 love your videos!

[@PrawnDog420]

Lovely! Just what I needed to get my parents started with this conversation. It's about time. Am sending this right away to them. Thanks in advance :)

[@EmanuelsWorkbench]

Don't know how to broach the subject with your parents? Sit them down in front of a computer and watch this video! THAT'll start the convo.

[@TwoCentsPBS]

TOTALLY

[@sunshine-ni5iz]

Haha tats what I did with my husband since he was giving away money to his parents before but I forcfully made him stop, he might not be comfy after but once I found this video I showed him which give him a total understanding of why I behave that way

[@hungvu2774]

I love my mama, I try to do everything myself, get a part-time or even full-time job during summer season. I have seen most of my classmates are likely spent wholly either their budget and parents's fund buying whatever they want and never pay back for their parents, I understand parents all love us with unconditional love but somehow, just save something for them and do home chores at least which helps our family, more importantly, for you, too.

[@johnpeter3891]

My parents did well with money in the past but now not so much. Plus it's hard to talk to them about something like this without them getting agitated. Do you think I should just show them some of my favorite 2 cents video and work off of that. Fyi love the tips and tricks on becoming a smart financially independent adult! I feel much more in control of my finances rather than the other way around.

[@TwoCentsPBS]

Absoutely! Go ahead and share the video! : )

[@casualinvestor2910]

I am lucky because my mother taught me how to save. I thank her for it every day.

[@jacobkilgannon6059]

Love this channel! You deserve more subs!

[@technojunkie123]

Oh man after graduating college and finally getting my first full-time job I'm starting to deal with this exact situation right now and it's so stressful, especially since my parents are older than most of my peer's parents since they had me later in life

[@recoil669]

It took a lot of spreadsheets and long debates but I finally convinced my dad to get a roomate. His rent is rent controlled and dirt cheap, his roomate pays for half his rent to rent out just one room and is happy AF to do so because of how crazy the market is right now.

[@sanchezlopezg]

Thank you for helping me since I’m a self supporting student and that I give my parents money directly

[@dipro001]

While its great that you are trying educate the young, when you are done, please make some videos for people in their mid to late life if possible. Thank you!

[@vinucete]

Having “the talk” with parents that are in the middle of immigrating or have just immigrated from a devastated third world country like Venezuela, and that have to start all over in their 50s- 60s... Is even harder. Any advice on how to help them out?

[@TwoCentsPBS]

Oh my GOSH I cannot even imagine. I'd say start small. They're going to have to start from scratch with income and savings. So focus on small wins, a part time job here, a few dollars saved there...getting overwhelmed by the big picture will just shut them and you down. Be patient and focus focus focus on that budget!

[@vinucete]

@@TwoCentsPBS Thank you guys, we will focus on that

[@darwinn2219]

I wish this can be resolved in the Philippines. The struggle living here in the Philippines with the lack of financial literacy of parents and how they burden their children further.

[@chologuy]

Thanks for this. I needed this.

[@ioiiiomio]

I feel ashamed EVERY time I ask my parents for a financial support(I am a bachelor student with scholarship). Whenever I meet any financial problems, I feel guilty about that and avoid any help. Every time I see my debts(mainly about uni credits), they tear me apart and I feel an inner pressure to work through everything myself. I don’t know if asking for a help is an option

[@tylersnow75]

I hate talking to my dad about money he just lectured me about getting into trades for 15 minutes smh

[@bryanv9304]

Thanks guys!

[@Praharshk]

I'm really lucky. My dad occasionally sits me down and teaches me about investments, saving, etc. And I can always freely ask him about anything I have in mind. He went through a lot when he was younger and I think he learnt a lot from that experience that he's passing on to me.

[@gsogymrat]

You may want to do a video on the cost of elder care. My father required assisted living and it was expensive.

[@noziashahapor9299]

The most amazing vedio in KZbin. Subscribed right here right now. ❤️❤️❤️

[@mysweettsumelody]

I love this channel so much, thank you for existing

[@BrittanyGates]

Having the talking with my mom about money wasn't hard at all. She was upfront stating the truth about her finances. So me and my brother know what's up and how to help.

[@TwoCentsPBS]

Awesome! Go mama!!!

[@ghostzboi2390]

I'm 9 so i have'nt talk to them yet

[@johnmitchell2741]

that made me smile

[@PhongNguyen-nz9kz]

I love your channel, I have been looking forward to watching your content.

[@victoronduty9195]

I learnt more looking at my parents financial mistakes than taking their advice.. thank you for the video

[@gundimytube]

Please make a video on whether or not one should invest in a washing and drying machine (separately). When is it profitable to buy and when is it better to just go to the local laundro-mat?

[@fionafiona1146]

My grandparents are all ready in danger of getting expensive, my mum however is great at communicating with them and us children.

[@cristinapatino8726]

I liked this. Thank you. It is definitely a privilege to look after them.

[@blackchang1981]

I know I said it in a previous video but I wish you guys were around 20 years ago. Currently dealing with a similar situation with one of my parents. It is very difficult and taxing...people usually think of "dependents" as kids..but unfortunately sometimes the provider becomes the dependee☹😔.

[@YESIMFUNNYAND]

Man this was so helpful because I'm going through the directions with my mom

[@TwoCentsPBS]

So glad!

[@methanesulfonic]

My dad had to retire early few months ago due to the government passing a new law that will basically abolish his pension fund. If he didnt retire early, he wont get that fund which is a lot since he worked there for more than 30 years. The day he got the fund, i forced him to be open to me about the money and their plan on how to spend it. He was reluctant at first and spend it on some stupid stuffs but he eventually being open towards me. He spent it on property mostly which is nice, they no longer have to worry about bills and their day to day food.

[@yaafl817]

At 21 I'm already taking care of them. I managed to learn programming early, and get a remote job. They will have a good retirement.

[@jolubejr]

Thank you for this video guys, this is the least I can do for everything my parents have done

[@DXmYb]

When my parent asked to borrow the rent from me, I told him that banks lend money and sent him $20 to cover the interest. Parent has no discipline with money, not my problem. No parent will ever accept advice from their child, well it's unlikely

[@dexclusive4251]

The reality I see is that the generation will be on their own because I am struggling to survive and can't increase my cost of living. That sounds mean right? It doesn't matter what they see, doesn't matter what they do, all that matters is you! We need to break this cultural trend and belief.

[@herpderpington6825]

""They fed and housed and chauffeured you around." WE DIDN'T GET AN OPTION! A parent who has a kid just to give themselves a caregiver is horrible!

[@TorontoNeurospicyGirl]

I KNOW RIGHT?!? It was their decision to have kids... feeding and housing them is the basic responsibilities of any parent, not some trophy worthy accomplishment that makes the kids owe you forever.

[@notmyopinion4981]

TRUE! I won't make any sacrifice for my parents, who were shit people to begin with. They never never chose me or my siblings over smth they wanted, or someone else wanted. We were always last. My aunt once told me: 'you should be grateful for your mother, bc she could have just packed her things and run away, and leave you behind on your own' You can guess how shit my mom was, when that's the only thing to be grateful about...

[@redunicorn7760]

Also my parent's barely did yha

[@bsolutions525]

@@notmyopinion4981 I would never call my parents 'shit'. shame on you. Even if I didn't have the best childhood and had to leave home in my teenage years, I don't blame them and long since forgiven them. I believe I do well with my own family I build because I don't have that baggage to drag me down

[@MrWackozacko]

@@bsolutions525 Shit people deserve to be called shit people, regardless of anything.