'Shark Tank' star says you need to cut your kids off financially
At what age should you cut off your kids financially? Shark Tank star and entrepreneur Kevin O’Leary says to make the call on the day they graduate.
The problem is not just kids but aging parents. The “sandwich generation” of today’s adults often find themselves bankrolling both their elders and their college-bound young. O’Leary later saw great success as an investor and eventually came to appreciate his mom’s stern financial policy toward adult kids.
How you approach this with your own children is a highly personal topic. You might have toddlers, teens just beginning work, or adult kids who still rely on the Bank of Mom and Dad for “special expenses.” If you have young ones, it’s a good idea to set them up for success by attaching any monetary support to a timetable. Don’t just open your wallet. Make them wait until payday like anyone else. Then talk about saving.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stacey Dooley and Kevin Clifton out on rare date night before Strictly returnsStacey and Kevin enjoyed a night out at the theatre to watch his cousin perform in Mama Mia in the West End
Read more »
Strictly's Kevin Clifton introduces girlfriend Stacey Dooley to family – see the sweet pictureStrictly Come Dancing's Kevin Clifton introduces girlfriend Stacey Dooley to his cousin as they head out to watch Mamma Mia the Musical
Read more »
Strictly's Kevin Clifton admits certain stars are handed very easy path to finalStrictly Come Dancing pro Kevin Clifton revealed why the likes of Ashley Roberts and Faye Tozer had a huge advantage over other celebs
Read more »
Freddy Krueger actor Robert Englund wants Kevin Bacon to be his 'Nightmare On Elm Street' heirSpeaking at a horror convention in New Jersey, Freddy Krueger actor Robert Englund discussed one possible future for the venerable slasher franchise.
Read more »
Kevin Woo & James Lee Discuss Upcoming Joint Tour, Life After K-PopAs former members of pop groups U-Kiss & Royal Pirates, these singer-songwriters are eager to prove themselves on their terms.
Read more »
Celebrity daily edit: Princess Ingrid Alexandra's confirmation, Kevin Clifton and Stacey Dooley's sweet new picture - videoCelebrity daily edit: Princess Ingrid Alexandra's confirmation, Kevin Clifton and Stacey Dooley's sweet new picture - video
Read more »