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Do you find yourself better off,further ahead in life, than your parents when they were your present age?

RVR SWPR

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How is it going for you compared to your parents?
 

mjc

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I learned from them I hadn't saved enough for retirement so then worked and saved up enough to retire when I wanted.
 

SoCalDave

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I'll have to chine in again here and give my dad a big shout out. In 1974 he invested $40k in Walmart, when my stepmom passed in 1999 it was worth just under $1m...
 
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monkeyswrench

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Financially speaking, kind of hard to say. My parents both died at 65...Pops had been retired for a year when Mom was diagnosed...He only really had one year of "the good life" and his pension. Mom retired due to her diagnosis...she got hosed on her pension and retirement.
When they passed, they owed a little on the house.

I am 44. By this time they were grandparents, taking care of grandkids and a daughter that was an addict. My daughter is the same age my sister was when she got pregnant the first time.

By this stage, Pops had a retirement he was working for, a nice home in a nice area, and some pretty bad debt due to health issues. I have a basic house, in a decent area. I have no newer cars. I have no retirement to speak of. My only outgoing payments though are for medical insurance, taxes and the electric bill at both properties.

I wouldn't say I'm doing better, or worse than they did. I'd say I'm doing it "differently". I wouldn't change how I grew up, but I also don't think I'd change how I'm living. Does that make sense?
 

Xtrmwakeboarder

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Hmm depends on perspective. Financially I am way, way ahead. Better job and a higher ceiling, I make more money, I have more savings, my retirement account is in better shape, etc. That being said, they placed more emphasis on having kids, a house, buying toys to spend family time together at the river, etc. They mortgaged their retirement for family time and my education as that was more important to them. I'll be forever grateful to them for giving me the tools to be successful and will strive to pay them back over the remainder of their lives.
 

hallett21

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My dad had a better job & much better retirement package. He also worked in an era way back in the 80s & 90s where houses & vehicles were much more affordable.

It’s whatever man... different times & era right now. 500 sqft apartments rent for 2k+ per/month in California.

My dad is retired & makes double what I make in a month with his pension. My parents are much better off financially than I’ll ever be, so I’m just thankful that I only have to provide for myself.


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What do you do?


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WhatExit?

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I’m thankful for my parents not aborting me and raising me right. Somehow I’ve been a staunch conservative for years in spite of my mother’s ultra liberal beliefs.

I’m much better off being a conservative and it helps me Make America Great Again.
 

Singleton

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YES - if you define ahead by having a better family life!
My dad was a global partner in a Big 4 accounting firm before the age of 30.
That had a huge impact on my life and I picked family over money.
 
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Outdrive1

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No. Lol. My parents and their parents were wealthy. 5 divorces later from my pop’s and the family money is all but gone, he spent his life chasing pussy and spending money. I had a good childhood though. [emoji108][emoji2373]


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Joker

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Yes but only because of the hard work they put in for my brother and I


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I rarely think about them when i look at where i am today, but without their guidance I’d have a hard time making it. I hated my dad but he worked his ass off for us and set a great example to never call in sick.
 

CSmith

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I think about/hear stories all the time. No doubt I wouldn't be where I'm at today without them. No where near the same scale as some but my life is great. No complaints. I get to wake up in the morning and go to work. Live in havasu full time and get to enjoy the boat we have together. I'll continue to do my best to make them proud and everyone else around me. I like to see everyone succeed. 🍻🍺 cheers to everyone on the boards. Hell why not, even @GRADS hope all is well!
 

Bpracing1127

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Financially about the same at 35 vs 35. However they owned a bigger home that is worth more than mine percentage wise. Quality of life? Yes. I don’t work nearly as much as my dad and I am around for my family more. Health ? Hell no. Even though my dad passed at 63. He was in way better shape than I am now
 

4Waters

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Financially about the same at 35 vs 35. However they owned a bigger home that is worth more than mine percentage wise. Quality of life? Yes. I don’t work nearly as much as my dad and I am around for my family more. Health ? Hell no. Even though my dad passed at 63. He was in way better shape than I am now
That being in better shape health wise is something you can change. I'm 45, when my dad was in his early 30's he was diagnosed with High BP and cholesterol, by 38 he was diagnosed with diabetes and heart disease. My mom was diagnosed with high BP and cholesterol in her late 30's. I am ready for reading glasses, everything else is still good. I am working at being more healthy and active than my parents, this covid BS curbed that with gyms being closed now I'm playing catch up.
 

Nanu/Nanu

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I would say possible but that's because of their investment in me. My priorities are much different than my father's though he was very big on being financially secure. Me not as hardcore but my wife and I are doing very well.
 

GRADS

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No. Not even close.
 

SixD9R

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Although they did alright, I would say I’m significantly better off than my parents were at this stage of their lives.
But, I have them to thank for that. They instilled, at least to some extent, financial discipline in me and also a strong work ethic. My dad pushed me to better him career wise.
 

RodnJen

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It’s going great. We make more all things considered but also have much more debt. That being said, we could hang it up tomorrow and be just fine.

I will be working later in life than my dad, but the work/life balance makes sense for us.
 

Dettom

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I’m thankful for my parents not aborting me and raising me right. Somehow I’ve been a staunch conservative for years in spite of my mother’s ultra liberal beliefs.

I’m much better off being a conservative and it helps me Make America Great Again.
I’d rather be a poor conservative than a rich liberal.
 

wallnutz

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My parents were happy at my age. They weren’t working very hard and they enjoyed everything they had. Me on the other hand bust my ass and I have a lot more toys and creature comforts and do a lot more things. It’s a different generation though. They did teach me hard work pays, but not by them working hard.
 

rickym20

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I would say yes financially like most replies so far, only cause of them being a great influence in my life. I can say my 3 other siblings are hard working as well so that says my parents did great. The real test is not so much if I am doing better now but if I have the same influence on my kids as my parents did on us. I will continue to push to have that success.
 

TimeBandit

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Yes. Mom passed away at 59 from a heart attack, the number one killer of women.

Dad was broke and back living with his mom at my age, no job, no retirement and no assets.

Both were life lessons, from mom, get fit, not fat. From dad, work hard and don't spend it all.
 

Havasu Surfer

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Definitely better off marriage and family wise. Both of my parents were selfish and divorced, wife's each remarried once. My mother never got it right after 5 tries. Career wise we are doing better than both our parents. Financially way better too with real estate, 401K's and net assets. I do allot more with my kids than my parents did but my wife's family were into weekend trips and camping. Both sides never stayed active (baby boomers) so they seemed much older at our age (early 50's). Health wise we are better off than our parents and some of our colleagues.
 

Dalton

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Depends on the metrics, money and travel wise I'm way ahead. They weren't even thinking about money at my age (28).

Further ahead in life? They had both already been to college at my age, I guess by societal norms that would be considered further ahead, but not my path, at the moment anyways.
 

Uncle Dave

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Yes and no the old man had an incredible career. Adding it all up I surpassed them in money but cannot duplicate the life they enjoyed with unattached travel, vacations and balance that simply doesn't exists today and never will again.

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Xtrmwakeboarder

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McRib

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Material possessions yes. Retirement.... not even close. My dad lived to work. I work to live. Just trying to keep my shit together. Ill be debt free in about 18 months.
 

Bobby V

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Mom was a stay at home parent. Dad worked 35 years at General Motors. Good pension thru the UAW and Social Security. He always worked change order due to his seniority so we didn't go on many vacations.

I will have 40 years in the union and 38 years at the same company when I retire at 62. Made up for not going on many vacations when I was younger by traveling when I was in my 20's and 30's.
 

CLdrinker

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Im doing way better. Some of it luck some of it hard work. Allot of it learning from their mistakes.
 

warpt71

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Im setting myself up for retirement earlier than my parents did, Im hoping that will help me. Family wise, my life seems to be a mirror of theirs, only 30 years later. That kills me! I never wanted to have a marriage like my parents did. Its been a wild couple of years
 

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I wouldn't say I'm better off but neither of us were/are in a bad position at my current age, 31. Both doing good but different choices in life. They were further ahead but that was by choice. Not saying I'm behind on anything. They just chose to have 3 children by the age of 30. I don't have any children.
 
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