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TopicAnyone else terrified of debt because of family history?
KaZooo
04/25/24 2:02:09 PM
#10:


Mom has SS but no 401k
Same with uncle
Uncle also has a Medicare issue that might compromise his continued dialysis care.

I have funds to maybe survive 2 months at best covering them. So there is this ridiculous scenario where we're between possibly letting someone die or go for broke, to stave that off for only a bit longer - not to embellish then situation

They weren't stupid with money necessarily. My dad just had situations where he couldn't hold a job until it also messed with his own ego to accept a low paying position at some point. They also paid up for private school for me and my brothers (that investment has its ups and downs). Parent plus college loans I believe for my brothers were pretty sizeable, and I'm not 100% sure what my mom's medical bills are. Basically outside of my dad's situation, life is expensive.

I can afford things, get into them with overhead and justify their acquisitions/benefit, but it basically takes one job loss to head downhill very, very fast.


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