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Author: MTBer One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76384  
Subject: Re: Roth for daughters - what fund Date: 1/29/2004 7:24 AM
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<<I for one think that the longer we bail them out, subsidize their adult spending habits or protect them from real world life where decisions have repercussions the less incentivized they are to take charge of their own life. >> navarchid

I think there is a balance to be had. My parents kindly paid for my undergrad and graduate school. Working in a relatively low paying profession(non-profit counseling agency), they continued to help me with a few expenses such as car maintenance, etc. until my income allowed me to pay for such things and still be able to pay the rent!

Although even at this point I could probably still receive some assistance from them for certain needs(like if an unforseen large cost for my car popped up...it appears to be ALL about the car for Dad!), I don't. I have never carried a credit card balance, nor accrued any kind of in foolish (ah, the OTHER definition of the word!)debt. Investing is of the upmost importance to me.

So, I think that it depends on the child and on the child's upbringing. Not in all cases of parents assisting their adult children financially, early on in their child's career, creates a sense of long term entitlement in their children.

-Amy
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