Parents: Your College Grad Needs Financial Advice

blossom
Mon, 20 May 2019 16:57:10 +0000

I wasn’t being snarky AT ALL and I apologize if it sounded that way (drat, the internet…) I would have given the exact advice you are giving if it was to someone in their 40’s or 50’s, since I know a lot of folks whose divorces become incredibly stressful and expensive because they have given zero thought to how to title their assets as they accumulate.

Agree with you on the car situation. I am shocked by the number of young folks living in great transit-rich areas who still insist on owning a private vehicle. They pay to park and insure the car even when they take public transit to work, and uber home after a night out. I know someone living in midtown Manhattan who parks his car in a garage in NJ; it gets used once a month? To him, owning a car means being an adult.

Crazy, right?

Apologies if I came off as condescending… agree that folks in the start-up ecosystem (not just the founders) need to be mindful of who owns what/who retains what.