My Adult Daughter Is Asking For Money, Should I Help Her? 

Keeping up with the joneses...

hopefully her house is worth a mil

I know there are caps on what you can save in different retirement accounts, but at that age with that income you can both live comfortably on less than $75k easily and be hoarding money into many different kinds of assets fast. They could buy a rental property a year in cash with that income and have an even greater income. Hopefully she’s not that dumb with money and just terrible at sharing her real financial picture.

I know right? I feel so many of these callers are complete nitwits who somehow pull in crazy amounts of money.

Archer they’re obviously not nitwits if they pull in crazy amounts of money.....

Ikr

Katie Lindsey Because she wanted Dave to say what she wanted to hear. I think she has already told her daughter she would help her and now doesn’t know what to do

@@HamiltonRb yeah I agree!

Lots of people do this...😑🤦🏼‍♂️

Argruing with husband, wanting to get Dave on her side

Yep 👍

The davouering mother ... it's a story as early as time.

Wow! I just read your comment and unfortunately that is me currently smh I am working on becoming a non enabler

My parents did great. Very loving but dropped me off at school at 17 and waved goodbye. Always said i could come in an emergency which i did once. Dad would say, Home is where when you have to go there, they have to take you in !

@@georgewagner7787 Never let going home be an option dude.

I Know that's insane.

Yeah that doesn’t make sense, those parents are in bad shape.

they will be broke in 10 month.

They can't retire

So she can be on RU-vid lol.

Most of these people calling into Dave's show are simply looking for validation, and when he doesnt give it to them they get all upset/confused.

Xtina Nunyabizz most women are hard to listen to

Mike Nelson touché

Facts.

I believe there is a misunderstanding. I believe the settlement the caller was talking about was for the house. On the other hand the daughter should have figured out what to do with her rental agreement before signing an offer on another place to live.

You pointed out the most important part of this call. That woman is way, way behind in retirement savings and has no business giving money to anybody. No one in this family is thinking 10 minutes ahead with their finances.

White people problems

SweetTooth Wow? Only white people buy houses at bad times? Only white people give people money without checking circumstances? Only white people are irresponsible in their retirement savings? And, only white people can be racist, right?

I think it's fine to do it if you can afford to do it.. But if they don't pay back... well then they won't get a single dime from me in the future.

MyNameIsCorey I was thinking the same thing then found your comment.

When someone makes a big ask, people should expect some uncomfortable questions. No one is getting large amounts of money from me if they can't give me details on their own finances. That's a big red flag when people make a big ask and provid very few details.

Casey Burns Investing I agree to an extent, although I would say you have to be careful because this is exactly why a lot of our nations elderly get thrown in nursing homes and ignored by their kids in their older years. Adults do have to be responsible but karma can come and often does from turning your back on your kids

Malevolent Elephant she needs to give up her deposit and come home, that’s not turning your back, it’s preventing mistakes.

Casey Burns Investing so true. I see that mindset in my family

People can't even see their own behavior. Someone i know has daughter asking everyone for money. Mom says i told her not to but mom did it all her life.

Yup I was saying the same thing she just wanted validation. Uncle Dave picked up on it and just said do what you want but I wouldn’t do it

Candy Caneforyou Yea, that was a pretty painful conversation

She wanted him to tell her to give her daughter money to buy a house she cant afford

Somehow after listening to the call I’m not surprised! Even if you make a lot but spend it all, you’re left with nothing!

@@personalfinancedeclutter5803 Right. Like it will always be sunny out

Ok boomer

@RaFari1119 Bee ok boomer

@RaFari1119 Bee you know its just a joke that founded on the fact that the baby boomer era was the first to hand off less wealth to their upcoming generations because of overconsumption and with the changes that accoured in the 60's resulting in millions of middle class Americans dropping out of the race essentially during the "spiritual revolution" at said time. The fact that people get irritated by that joke, especially when they are boomer age, is even more showing of the insecurity associated with that generation. Honestly I dont care because what matters right now is that we break the cycle of overconsumption and aimless/pointless career/ educational paths that the boomer era has set up.

Miram Bertram, Ridiculous is right !!!

I caught that, Dave just let that one slide. This means she's asked for money before, and a mere $500 on a credit card is not for an emergency. It shows a pattern of "help"

I definitley agree. It might show the daughter who is an adult may have a spending problem.

OpalRavenna SERIOUSLY

OpalRavenna I guess they missed the whole *you should save 8 times your annual income by 60* boat!

They can still retire rich if they try

But their combined income night have been alot less than 250k until recently which could explain why they've only got 210k in savings atm

@@personalfinancedeclutter5803 maybe they had student loans? Big house? Mercedes? Vacations.

Doubt it. They blow through money like the joneses

How? Now they have a new mortgage and Missy’s shopping bill to cover.

Maybe they should just move to North Korea.

They live in Maryland, a very expensive area for homes. Their home is probably worth close to a million. They could easily sell it and move to a low cost of living state and live like kings

With a voice like that it's pretty hard not to be recognized.

Yes.

Guess all that free love in the seventies wasn't free lol.

First.👏🏼

Be proud. You did it!

Respect to you and congratulations! on your purchase!

@@retiredmanager510 oh hey! haha

😂😂

Lol!! She drove me crazy. It's like she wouldn't volunteer any information, Dave had to keep asking and asking for information she should have said upfront. Plus she sounded like she had a chip on her shoulder the same time!

Tell your parents to be equal between you and your siblings.

😮

@@KS-cl8bryeah, my in-laws gave their daughter money all the time and their 3 sons NOTHING, THERES always a mooch child.

@@kaydublin5164 More the parents fault than the child. I guess they can spend their last days alone without their other kids and grandkids.

Exactly!!

Amen

🤣😂

billyrayband omg 😆

Probably sugar daddy will be this girls next move

It sounds like shes the one with money in her marriage

Some people need backup though. Not sure about her, hope she listened

It's an Adult-Child SCAM

A million times.

Facts.

Because Mommy is in the "habit" of bailing her out...some guilt trip?? So the daughter is in the habit of looking for a hand out from Mom.

🤣🤣😂🤣😂🤣😂🤣

Fran Ackerman it’s ridiculous. I have that amount in 401k and I’m 32.

Facts.

Some people have to go through a disaster to get their heads on straight. In the mean time try to send them through Financial Peace University. Maybe it will be enough to change her mind.

Mom already had one divorce, now her daughter is on her first divorce.