- quote -

Aside from all the other relevant objections that have already been
pointed
out, is the fact that (I venture to guess) most parents do not offer free
room
& board to their adult children. I livedwith my parents for some time
after
I graduated from college, but I paid for room and board.

Karen

- quote -

I'm sorry for you that your mom wasn't interested in helping you become more
independent so that you became more self-reliant. Apparently her mom taught
her to live on her own, else you would be living at your grandma's. What
would you do if something happened to your mom? Would you be able to make it
on your own?

Elizabeth Richardson

- quote -

Personal freedom. A house or apartment (even if renting) means you set
your own rules. Living with your parents requires you to live within
their rules.

- quote -

Houses do not always appreciate in value. Consider the following
hypothetical case: Paying too much for a house and later finding
severe structural damage.

- quote -

In the end, money is not a goal, but a means to an end. Many people
wouldn't find life enjoyable in their circumstances.

--
With sufficient thrust, pigs fly just fine. However, this is
not necessarily a good idea. It is hard to be sure where they
are going to land, and it could be dangerous sitting under them
as they fly overhead. -- RFC 1925

In article <hchsv0pjrhqgfeq3lt2oe5c6c2l2h5oovi[at]4ax.com> ,
"HW \"Skip\" Weldon" <skip5700removethis[at]hotmail.com> wrote:

- quote -

That is the way it was done for centuries. It just isn't cool
anymore in the modern world. Neither is leisure time...all the
TV ads con families into having both adults work 40 to 60 hours
a week so they can afford massive car payments and a boat that
they never have time to use. It is sick, sick, sick. But if
you try to row your own boat, everyone else will think that you
are a nut-case. Sometimes it is easier and more enjoyable to
fit in rather than being the one that everyone points their
finger at.

- quote -

While I am sure that there are people out there who would use
such an arrangement to better themselves, I am afraid that there
are far more con artists who would be more interested in taking
advantage of you. And human nature is a big factor. When someone
does not have "skin in the game", they tend to not take care of
the facility. Just look at all the low income housing. Despite
us tax payers breaking our backs to provide decent housing for
the low end of society, those folks ripped up and trashed the
places. Some low income housing that is only 20 years old has
needed to be torn down because the ingrates trashed them so badly.

- quote -

That sure is a nice thought. The problem is that it doesn't
match with human nature. The kind of people that you will
attract will most likely be more interested in taking advantage
of you.

-john-

--
================================================== ====================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ====================

In article <hchsv0pjrhqgfeq3lt2oe5c6c2l2h5oovi[at]4ax.com> ,
HW \"Skip\" Weldon <skip5700removethis[at]hotmail.com> wrote:
- quote -

I make it about $286,000, not $20,000,000.

- quote -

I can't speak about you, but I don't want to live at my mom's house,
and my mom doesn't want me living there.

- quote -

Unfortunately, you're missing a huge part of the picture
of what financial planning is about. Sure, you're saving
lots of money. But you've not yet learned how to live
within your means. Success in finance begins with that
lesson first.

- quote -

A house is NOT a "zero risk" investment. Houses go down in
value sometimes. Houses have huge ongoing costs. Houses
are very illiquid. And, historically, on a broad basis,
they go up in value over the long term at only a couple of
percent ahead of inflation. A balanced and diversified
portfolio of equities, over the long term, has done better
historically.

Houses are primarily places to live. They are only
secondarily investments.


--
Plain Bread alone for e-mail, thanks. The rest gets trashed.
No HTML in E-Mail! -- http://www.expita.com/nomime.html
Are you posting responses that are easy for others to follow?
http://www.greenend.org.uk/rjk/2000/06/14/quoting

A couple of things to consider:

1) 7% of $14 million is $980,000. You'd need just over $285,000
invested at 7% per annum to replace your $20,000 income.

2) You are probably the exception in that you saved the money
effectively given to you by your mother each month in the form of free
food and rent - I suspect that many would spend it.

The following post was returned to the poster for cross-posting.
Unfortunately, because he/she posted using a NON-WORKING EMAIL
ADDRESS, he/she is probably wondering what happened to their post.
Since the Moderators had the time and the post is on-topic for MIFP,
we have copied the post below with corrected headers.


Begin copy..............................................

Subject: Live Free
From: 1000blessings <noreply[at]error.netNewsgroups: misc.invest.financial-plan

My financial plan is as frugal as they come. I've been living at my
moms house my whole life. Since I started working when I was a
teenager I've been able to save all of my income, because my mom feeds
me and pays the rent.

Just think about that idea, investors expect a 7% return a year on
their investments. If I make 20K a year you would have to have 14
million dollars invested to make that kind of return.

My question is why doesn't everyone just save all of their money while
they live at their moms house? Most kids these days can't even hold a
job let alone save any of their money.

I've also inherited money, and with my savings have enough to buy a
house now without taking out a mortgage or a loan. It may not be the
best idea to keep all of my money in a home, if I don't have enough
liquid to get me through a year or two of hard times.. but I don't
want to play with stocks.

The ups side is I don't have to pay a mortgage so I have that much
extra money to spend every month, and the money is still in the house
so I can get it back. Plus a house is a 0% risk investment, that
gains a bit in value.

The great thing about it though, is now I am in the position where I
can let people live in my home rent free.. and then they can start
saving up their money too. Think about how much money we could have
as a collective if we all just ate rice and noodles, and split the
cost of the heat bill?

Eventually we would have enough money that someone could buy another
house, and even more people could get in on this idea of living free.
Or we could open up a business.. or just buy a chunk of the rain
forest with all the money we saved!

If you see any problems with my plan let me know, but I don't think
you can find a problem with a financial plan as simple as living at
your moms house.


End copy...............................



-HW "Skip" Weldon
Columbia, SC