Comments on: Will your parents’ financial decisions leave you holding the bag? http://millionairemommynextdoor.com/2009/03/will-your-parents-financial-decisions-leave-you-holding-the-bag/ A self-made millionaire shares her recipe for success, happiness and financial freedom Tue, 09 Mar 2010 00:59:54 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Mick http://millionairemommynextdoor.com/2009/03/will-your-parents-financial-decisions-leave-you-holding-the-bag/comment-page-1/#comment-2347 Mick Thu, 03 Sep 2009 17:34:17 +0000 http://millionairemommynextdoor.com/?p=420#comment-2347 My father who is cancer ridden and going through chemo/radiotion is finacially broke his mobil is up for sale. After my mother passed away he had income and business, and means. After my mother passeed he sold the house went on wild spending psrees , played the field and evcentually is broke now looking of help. I amd my family did not approve aof all theother females he wnet out with and told him so, but naturally he ignored me.Ihave recently 6mths moved him in becsue no one in the family wanted him because he was broke now and now my husband and I are running him back and forth between doctors , paying for medicines that his insurance cant pay and everday household expenses. We basically have been left holding the bag, resentful as hell but still l feel obligated now. He partied like no other and used and lied to me. I want to just say you have to leave but then there is the he is my father issue, I wish he prepared better and ignored the women who he thought love him. For future reference I wish my mother would have had a trust that would have given me right to how he spent all the money instead of all the spending sprees and wild women who were after one thing his money. Widowed, broke father who I have to take care of and his bad desicions. So please insit that you ask your parent how they have to pay for there retirment. If not telll them you will not help them maybe that will make them think about there choices. I am trying to put away for my retirement but its almost like his expensies is tapping into my donations to my retirment. Angry and hurt/ resentful Daughter. My father who is cancer ridden and going through chemo/radiotion is finacially broke his mobil is up for sale. After my mother passed away he had income and business, and means. After my mother passeed he sold the house went on wild spending psrees , played the field and evcentually is broke now looking of help. I amd my family did not approve aof all theother females he wnet out with and told him so, but naturally he ignored me.Ihave recently 6mths moved him in becsue no one in the family wanted him because he was broke now and now my husband and I are running him back and forth between doctors , paying for medicines that his insurance cant pay and everday household expenses. We basically have been left holding the bag, resentful as hell but still l feel obligated now. He partied like no other and used and lied to me. I want to just say you have to leave but then there is the he is my father issue, I wish he prepared better and ignored the women who he thought love him.
For future reference I wish my mother would have had a trust that would have given me right to how he spent all the money instead of all the spending sprees and wild women who were after one thing his money. Widowed, broke father who I have to take care of and his bad desicions. So please insit that you ask your parent how they have to pay for there retirment. If not telll them you will not help them maybe that will make them think about there choices.
I am trying to put away for my retirement but its almost like his expensies is tapping into my donations to my retirment.
Angry and hurt/ resentful Daughter.

]]> By: Will you be left to hold the bag for your parents? | Tomasz Gorecki | Debt In Your 20's Is The Kiss of Death http://millionairemommynextdoor.com/2009/03/will-your-parents-financial-decisions-leave-you-holding-the-bag/comment-page-1/#comment-1662 Will you be left to hold the bag for your parents? | Tomasz Gorecki | Debt In Your 20's Is The Kiss of Death Wed, 22 Apr 2009 15:49:15 +0000 http://millionairemommynextdoor.com/?p=420#comment-1662 [...] Will your parents financial decisions leave you holding the bag [...] [...] Will your parents financial decisions leave you holding the bag [...]

]]> By: sb http://millionairemommynextdoor.com/2009/03/will-your-parents-financial-decisions-leave-you-holding-the-bag/comment-page-1/#comment-1641 sb Mon, 20 Apr 2009 07:35:40 +0000 http://millionairemommynextdoor.com/?p=420#comment-1641 Thank you for writing this article. I recently graduated from college and I am fearful on what effects my mothers spending habits will have on my brother and I in the future. After my mother divorced my father she just started a run of irresponsible spending sprees. She was close to paying off the mortgage on the house, but continued to refinance and did not invest any of the money into the house. Any money she got she spent on useless stuff and eventually she couldn't afford her mortgage payments. She sold the house and did not get a quarter of what the house was worth after paying the bank back. Now she has this lump sum and is continuing her spending sprees. I created financial plans and set appointments with financial advisors, even before she ever was going to sell the house, but she just ignores me and has always ignored me. She is also not working. When I tell her she is not going to have enough money to retire she just says that I will have to take care of her. Her retirement plan is that either some man or I will take care of her. She didn't pay for my college and now I have 30,000 of debt that i am trying to pay off. I often feel as if my hands are tied because I know she will run out of money if she doesn't do something but she never listens to me. I just graduated college, yet I am filled with anxiety about where my mother will be in the future and if I will really be able to have the means to support my future family. Thank you for writing this article. I recently graduated from college and I am fearful on what effects my mothers spending habits will have on my brother and I in the future. After my mother divorced my father she just started a run of irresponsible spending sprees. She was close to paying off the mortgage on the house, but continued to refinance and did not invest any of the money into the house. Any money she got she spent on useless stuff and eventually she couldn’t afford her mortgage payments. She sold the house and did not get a quarter of what the house was worth after paying the bank back. Now she has this lump sum and is continuing her spending sprees.

I created financial plans and set appointments with financial advisors, even before she ever was going to sell the house, but she just ignores me and has always ignored me. She is also not working. When I tell her she is not going to have enough money to retire she just says that I will have to take care of her. Her retirement plan is that either some man or I will take care of her. She didn’t pay for my college and now I have 30,000 of debt that i am trying to pay off. I often feel as if my hands are tied because I know she will run out of money if she doesn’t do something but she never listens to me. I just graduated college, yet I am filled with anxiety about where my mother will be in the future and if I will really be able to have the means to support my future family.

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