A Lot of (White) Millennials Get Significant Financial Help From Their Parents

[mamba]

A lot of black kids are like that fresh from college QB who got shoved into games in their first year. They simply are not ready for primetime. They get kicked out of the house early with no guidance under the guise of tough love and are expected to make it on their own. They end up making a ton of bad decisions which sets them back financially. They are also unable to save. Why do you think these Mexicans who come across the border can end up owning businesses despite getting paid low wages? They live a ton to a house and they all pitch in, meaning they get to save a lot of money. They then use that to buy businesses and they end up hiring each other. That mechanism simply doesn't exist in a lot of the black community because you'd probably get clowned for 'living with your parents' or with having room mates. It's the same with the Indians. They don't move out until late. All the while, they are stacking money and buying businesses.

Most Black men would get clowned into oblivion if they were to tell a Black woman they live at home. Whereas Rajeev is pulling in $200K as a software engineer and saving money while living with his folks.

Everything is backward in the Black community.

 

[kevm3]

My Ex girlfriend's family came up like this.

Said 27 family members occupied a 3 bedroom apartment in Long Beach. Each of them bought in about 325-400 a week off the books. STRAIGHT CASH.

Eventually they became citizens and used the money to open up laundry mats, dry cleaners, and other various businesses.

You go to some of those thrift stores like a Ross and it'll be filled with Mexican people. The average ignorant person would clown them, but these guys are living together, saving a ton of money and getting their clothes on the cheap. In the mean while, they are taking that excess money and, like you attested to, opening up businesses. It's amazing how people who might not even speak English can come and make a ton of money here.

 

[Neuromancer]

I see this all the time in my line of work.

 

[mamba]

You go to some of those thrift stores like a Ross and it'll be filled with Mexican people. The average ignorant person would clown them, but these guys are living together, saving a ton of money and getting their clothes on the cheap. In the mean while, they are taking that excess money and, like you attested to, opening up businesses. It's amazing how people who might not even speak English can come and make a ton of money here.

On the other side of town, if you go to the local mall with designer clothes, you'll see plenty of Black folks coming out with multiple bags.

Mexican men and women aren't clowning one another if their clothes and shoes aren't designer brands. Black people, on the other hand, learn early on that a breh has to have a pair of Jordans in the collection, some expensive jeans, etc and that a brehette has to have an expensive designer bag, shoes, etc.

 

[Wild self]

Most Black men would get clowned into oblivion if they were to tell a Black woman they live at home. Whereas Rajeev is pulling in $200K as a software engineer and saving money while living with his folks.

Everything is backward in the Black community.

Yep. It's like You got to be having a 7 series BMW and mad clothes by the times you 22, straight from college. I graduated at 21, fell back and saved mad $$$ living at home. After around 6 years, I branched off with crazy, crazy $$$. Most other brehs followed what was popular and they broke.

 

[Kilgore Trout]

Everyone needs to be better with money. How many of us eat out every day or turn up every weekend?

Progress starts from within.

 

[mamba]

Yep. It's like You got to be having a 7 series BMW and mad clothes by the times you 22, straight from college. I graduated at 21, fell back and saved mad $$$ living at home. After around 6 years, I branched off with crazy, crazy $$$. Most other brehs followed what was popular and they broke.

Breh, I make great money. Been at it for a minute, too.

I still don't ball out. I save my shyt. So many Black men are in poor financial shape trying to keep up an "image" the birds like.

 

[Wild self]

Breh, I make great money. Been at it for a minute, too.

I still don't ball out. I save my shyt. So many Black men are in poor financial shape trying to keep up an "image" the birds like.

I mean, I still save a hell lot of money. I don't waste money on bullshyt, but there are brehs that Make a hell lot less and still waste money on crap like weekly visits to strip clubs, going out to eat in expensive places nightly, and so on.

 

[OPTiMO]

Mexicans clown on each other's clothes too. In Northern Cali, the Mexican kids who are straight from Mexico get clowned on by the 2nd+ generation Mexican kids for being broke and wearing different clothes.

 

[GrindtooFilthy]

Ain't this a bytch

lmao

my parents are more than willing to help me, but i'd rather not ask them for money.

 

[kevm3]

On the other side of town, if you go to the local mall with designer clothes, you'll see plenty of Black folks coming out with multiple bags.

Mexican men and women aren't clowning one another if their clothes and shoes aren't designer brands. Black people, on the other hand, learn early on that a breh has to have a pair of Jordans in the collection, some expensive jeans, etc and that a brehette has to have an expensive designer bag, shoes, etc.

I find you just have to have a strong mind and completely ignore what a lot of people will say. Go ahead and get a couple of roommates and live with them and then stack up a ton of money. Invest that money in your own business and then just enjoy life. There has to be a point where things change, especially in these economic times. Let those who would clown find out the hard way.

Honestly, it disappoints me when I see a baby with a collection of jordans and polo, knowing they will outgrow that in a half a year but the parents aren't putting anything towards that kid's education. Some parents treat their kid as a dress up action figure, and that misplacement of money will have big consequences of later. We simply can't go on with the mindset that a lot have had in the past. It won't get us anywhere.

 

[scarlxrd]

lmao

my parents are more than willing to help me, but i'd rather not ask them for money.

You're lucky

My pops just asked me if he and his wife could move in for a month or so so they can save money.

 

[Gold]

My ex is a doctor and her dad paid for her gas bill....



I'm over here paying my younger brothers' college fees

 

[HacksawJimThuggin]

I don't see the problem. I hope to set my kids up nicely, as every parent should. If you are asking your grown kids for money you failed as a parent. We can get into all the excuses but at the end of the day it comes down to stacking and doing good things with your money, which regardless of what impact outside factors have most people- black and white- don't do

This.

I think white people are generally more conservative with their money and are more forward-thinking as far as setting up things like college funds for their children and retirement plans/life insurance policies for themselves. This goes a long way in their young adult children 1) not coming out of college with crazy debt, and often, they actually will just be given that college fund money because they got a scholarship to pay for their schooling instead (which I don't see anything wrong with, they essentially "earned" that money) and 2) they aren't having to take on the debt or added expenses of their parents, who are eating off retirement savings and pension plans and Roth IRA's and the like.

I think there's a HUGE misconception in this thread as well. The people doing the above, contrary to what I've read in here, often aren't rich at all. They're middle class. People in here are acting like all white people are millionaires or some shyt. Nah, I think as a whole, they're just better prepared to deal with this particular situation as they've already planned for it decades in advance.

Us minorities tend to live too much in the now because many of us grew up broke and have never really been able to afford the material possessions and now that we got some dough, we feel like we need those things to have a sense of "I made it". Which is fine to a certain extent, by all means, reward yourself for working hard; except when it compromises your long-term financial goals.

 

[JetFueledThoughts]

well here is the real question, what IS wrong with it? why not?

A lot of ppl dont realize that this whole once your 18/21 your adult on ur own thing is a very american thing outside of the U.S children being adults and living with there parents is common place, so is the parents providing finical support. As long as the grown adults is not abusing (like my coworker) i honestly see nothing wrong with it

BUT i do it find it very weird, but i give that up to fact that i pay for my things on my own and would neverrrrrrrrr ask my parents for $$$, because they themselves are struggling

It's that pride breh. That cotdamn pride I slid right into my job a week and a half after I got my bachelor's, my first paycheck went to my first rent. Now I'm out here basically check to checkin it while fluctuating with some amount of savings. Fair amount of my check goes to rent, bills, insurance, etc. That's just part of this shyt in my opinion, I wasn't bout to go back home after I graduated. But it's taught me a lot about the world and myself, and some of the ways I've hustled or found a quick play to come up on some money in the past couple years have even impressed myself.