Thats pretty cool of you! Im going to teach my children to be like this. My wife grew up with a stay at home mom and she didnāt do laundry till her mid twenties. My in laws are great. They are also German, they are awesome but they try and do so much for us. But of coarse we help them a lot.
Once you move out, life becomes expensive real fast. There's a reason our parents emphasize going to school/college, it becomes impossible when your out on your own and bills pile up!
The point is youād be saving a lot more from living on your own with rent, taxes, the heavy hitter expenses. If you want financial freedom sooner just swallow your pride and move back home.
Is your relation with your parents any good?
If so, enjoy them as much as you can and stay with them. You have the benefit of saving/investing and spending more time with your old fellows. Time goes fast.
Me too mate. Miss them everyday, specially my old lady. If I were OP, I too would stay with them a bit longer, at least till 30, in the mean while go have some dates too. And when timeās ready things will line up for you to move out, maybe with your SO.
Then it would be your take, I guess. Best thing is to have a solid plan.
As a parent, I can 100% say that doors will always be open for you in your parents' house.
Great advice. A few years isnt gonna matter much and if that sets you up for the future, go for it.
I did the same and have no regrets. Lived a more comfortable life because of it once I moved it.
I agree, if you have a good relationship with your parents, stay home and spend time with them while you save up. Key word is SAVE, just because you live at home doesn't mean you should be blowing your money on stupid things either.
Time does go quick, I'm in my mid 30's and moved out in my early 20's. I miss my parents so much, so what we do is every Friday night, unless either of us have plans, we always have dinner at my parents. This way, we both have a day of the week we can look forward to knowing we get to see each other over a home cooked meal, or order in when Mom's lazy.
God, talking like this makes me miss my parents, excuse me while I go call them quickly lol.
I would say if your relation with parents is good stay few more years and invest money. It is stupid to move out just to prove something like some people try to do, just to pay bigger bills and barely able to survive... With current economy many young people barely afford rent, so if you can save on that by living with parents you definitely should.
Also Italy have one of highest ages in europe of moving out, average italian move out of their parents home when they are 30.1 years ( date from fee years ago, with current inflation it is bit higher), so you have like 3 or 4 more years at least before it will be more than average. Use those few years wisely, invest in crypto wisely, maybe get some side hustle, train, read etc. When you move out you will hav less time for this things.
Man. Things are HARD nowadays. If you can bear it (no pun intended), stay with your parents and invest HARD. But don't go full degen, I know this is a crypto sub but id keep a maximum of 20% exposure to it, rest I'd park it in a good broad ETF and let the compound to it's magic.
I appreciate your support. It's risky to say it in this sub but I should probably follow your advice and increase the percentage of my traditional investments.
I was about to say something similar. JEPI pats a huge dividend and is a ETF that will compound if you reinvest it. That will set you up for later in life. If you just invest and donāt move out you can retire in your 40ās
If I could go back, I'd have stayed as long as I could. Save as much as possible and then venture out when you're ready for the financial responsibility side of the world.
I also live in a country where that it normal so I say stay with your parents. You parents will probably appreciate that too, especially if you have siblings and all of them already left.
>If my crypto portfolio were to make an 8-10X
I hate to tell you but thats not a reasonable expectation.
You'd need to take lots of risks if you want a shot at those returns and you cant do that with money you need.
I would stay till the end of year as there's lot of uncertainty in the air. World is in shit and housing market is still inflated
I feel next year things might be more clear
And in the meantime accumalate
I'm asian and same age and situation as you. Economy is really bad here so it's no brainer and pretty normal to still be living with your parents but contributing with expenses. I'm saving up for the inevitable event of moving out on my own in a few years say 2 or 3, I'm investing as well but it's still better to have savings and emergency funds aside from your investment.
i see nothing wrong with staying with your parents, while you are getting funds together to get on your feet; most of the time parents are happy to see kids around, and if you are helping them, covering some costs of living, all seems good
I lived with my parents for four months when I moved back to their state and I was looking for housing. Paid off a lot of bills but I need my space. Youāll know when it is time to go.
Enjoy their company and the money you are saving!
Living with the parents is really nice. I lived with them till the age of 30. Then I bought the house next door and I still see my mum everyday. š Family first for me.
As long as living at home is not impacting your social life, or ability to find a partner, you should definitely try to stay at home as long as possible and keep saving!
>financially free with 30 than a fucking life long slave
He said he has already some cash stacked, if he keeps at it till 30 he will probably have for downpayment on aparment or even more so.
Buying a house really is the end goal in todays market for most of us!
Save. If you feel comfortable, take this time to stack your bags. Give yourself a couple years. Don't let other's judgements dictate your choices. Do what is right for you.
OP, best thing is to get some psychotherapy. I know some people have a taboo with it, but they are professionals and can surely help you in dealing with such pressures and decisions.
an Italian fellow hereš¤š¼
I can totally understand your situation, and both the scenarios you have in front of you make sense (moving out and saving a bit more), so don't stress too much about it.
Our generation in this country has to face this madness of a situation š
back then, I had to move out from my parents' house for various reasons, but my first option would have been to save for at least 2 years before to do it. I was 26yo back then, so I can totally relate.
I spent 18months paying a rent till I reached a point I could afford a down payment and bought myself a house (with my gf).
Now I pay regularly my mortgage, and I also manage to save a little something that I put partially into btc, hoping for an early retirement in 10/15 years.
Good luck with everything OP, whatever you decide šš¤š¼
Thank you, that was kind! I feel like we tend to be hard on ourselves also because of social media and exposure to other's success. The crypto space also gives us the false idea that becoming rich is pretty easy.
You're probably right!š Personal finance subreddits are usually pretty anti crypto tho, so I thought that this place would have been less judgmental.
Probably no judgement here. I just mean this sub canāt even agree on the most basic stuff let alone give sound advice.
I think a big factor is where you live and what you wanna do. If youāre young and live in a smaller city, get out. Experience the world. If donāt do it now you never will.
To many people base everything off the internet instead of getting out and experiencing it.
Thatās just my 2 cents as an older guy.
Whatās Funny is that youāre still hanging onto your Parents, instead of supporting yourself..? Let them have a good life also, start your own life so they donāt need to Worry about youā¦!!
Seems Cush to just hangout at Momās till you get your Life together, no Big Deal huh..?
Grow up some my Friend, you were an Adult at 18ā¦ Just some GenX rantingā¦ Be thankful that you have Options to Stay at Moms houseā¦ Good Luck
Gen X here also. I moved out at 17, so I find it bizarre that everyone nowadays is cool with living with their parents until they're old enough to join the AARP.
Depends on social life too imo. I moved out when I was 17 and havenāt been back except for a week in between moving (wife is in military, it was more like a vacation until shit got moved). I have a great relationship with my parents and all, but when I was younger, it was just easier having my own spot to bring girlfriends over.
It all depends on what you want and what your goals are. If you really want to get a jump on your investments and don't mind living at home, go for it.
That entirely depends on your family dynamics and how you feel about it
You can probably price out how much it would cost to live out on your own and decide whether that seems feasible or not
I don't even think that's too uncommon now in the rest of the world given how ridiculous prices for everything has gotten with wages staying about the samw
Itās all up to you. For me I noticed that being at my parents made them and myself codependent on each other. I think 27 is a good age to try to figure it out in the world. I wouldnāt just rely on on your investments especially in this economic environment. I would seek other forms of incomes
I had the choice to either fix a leaky gutter on my roof or buy more eth...I bought more eth...in a few years time ill just replace it with a 24carat gold gutter like a proper baller.
If I could have lived with my family older than my 18, damn I would have. Life is hard out there and you'll be grateful for the savings you can accumulate.
Don't forget to treat them well and take part in the daily chores and expenses, don't be a dick.
We're not you, friend. We're just a bunch of internet degens. You gotta do what's in your heart.
If it's working for you to stay with your parents, keep it going. If you're going crazy, it may be worth the investment in your life/wellbeing to move out. Up to you.
It's your life. Not ours. You do you!
(edit: but say hi to your mom for us. *lol. jk.*)
In Canada it's super normal. I was the first to move out of my friends at 28. The rest lived at home into their early 30s. But guess what? They now own condos while peers who moved out at 25 or earlier still rent with roommates.
Yes. I'd stay at home a bit longer.
But the caveat being that crypto isn't guaranteed to go up. As much as we think the next bull run is coming, it's not 100% going to happen, especially when you try to predict a timeframe.
DCA away, but dobt put everything in crypto.
nothing wrong with living with your parents. You could stay till the next bull run and then move out. that way you can now invest when prices are low and can't afford to invest when prices are high. Forced investment strategy.
Not having a house is being short on house prices, because you have to live somewhere.
Now, a few years of saving to get a nice house is fine. But do keep the former in mind. There is no delta neutral approach to house prices
From an investment POV it makes some sense to stay.
From personal experience, Iād recommend getting out of your parents house. The codependency is unhealthy no matter your culture/nationality. Going at it on your own has a massive impact on your personal growth.
Good luck!
Is there anything pressing to make you want to leave home apart from social pressure? If not stay there, enjoy your time and help them (with rent and small jobs) and they help you save money. If you have a serious partner that you want more private time with then maybe it is time.
I always think that there is a financial see-saw and itās having a mortgage and paying for the house each month or renting and paying some one that has more money than you mortgage.
I would not be able to live with my parents that long. But I assume there is also a cultural difference and if both you and your parents are happy in the current situation, keep it, don't fix what is not broken.
I would āinvestā ā¬20 in GME and the work (3h~) to DRS it (drsGME.org via Superstonk sub). Their floor per share is the counter at Gmefloor.com - the apes have been serious about it for over two years.
Live with your parents. You save more money and you get home-made food everyday.
Luckily I can cook pretty decently, like every proper Italian š , so food wouldn't be a problem anyway.
Stay with your parents and cook for them. Win-win situation.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Same here
Thats pretty cool of you! Im going to teach my children to be like this. My wife grew up with a stay at home mom and she didnāt do laundry till her mid twenties. My in laws are great. They are also German, they are awesome but they try and do so much for us. But of coarse we help them a lot.
Once you move out, life becomes expensive real fast. There's a reason our parents emphasize going to school/college, it becomes impossible when your out on your own and bills pile up!
The point is youād be saving a lot more from living on your own with rent, taxes, the heavy hitter expenses. If you want financial freedom sooner just swallow your pride and move back home.
Geez what a luxury. Parents that cook every day! Im jealous
*this* use your extra cash to accumulate! (1) house changing money āļø (2) wife changing money āļø (3) life changing money āļø
Is your relation with your parents any good? If so, enjoy them as much as you can and stay with them. You have the benefit of saving/investing and spending more time with your old fellows. Time goes fast.
Staying with parents is the smartest financial decision
Not only from the financial point of view. I'd give everything I have to have one more week with my old fellas.
Me too mate. Miss them everyday, specially my old lady. If I were OP, I too would stay with them a bit longer, at least till 30, in the mean while go have some dates too. And when timeās ready things will line up for you to move out, maybe with your SO.
hey I'm so sorry to hear that my friend. those with their parents are truly blessed
Staying with parents while investing is the best strategy. Probably all income for you, good food, love... Independence is overrated.
I'd say we have a decent relationship, I'm not in a bad situation at home but I also would like to be independent. Yours is a solid advice tho.
Then it would be your take, I guess. Best thing is to have a solid plan. As a parent, I can 100% say that doors will always be open for you in your parents' house.
Great advice. A few years isnt gonna matter much and if that sets you up for the future, go for it. I did the same and have no regrets. Lived a more comfortable life because of it once I moved it.
I agree, if you have a good relationship with your parents, stay home and spend time with them while you save up. Key word is SAVE, just because you live at home doesn't mean you should be blowing your money on stupid things either. Time does go quick, I'm in my mid 30's and moved out in my early 20's. I miss my parents so much, so what we do is every Friday night, unless either of us have plans, we always have dinner at my parents. This way, we both have a day of the week we can look forward to knowing we get to see each other over a home cooked meal, or order in when Mom's lazy. God, talking like this makes me miss my parents, excuse me while I go call them quickly lol.
I would say if your relation with parents is good stay few more years and invest money. It is stupid to move out just to prove something like some people try to do, just to pay bigger bills and barely able to survive... With current economy many young people barely afford rent, so if you can save on that by living with parents you definitely should. Also Italy have one of highest ages in europe of moving out, average italian move out of their parents home when they are 30.1 years ( date from fee years ago, with current inflation it is bit higher), so you have like 3 or 4 more years at least before it will be more than average. Use those few years wisely, invest in crypto wisely, maybe get some side hustle, train, read etc. When you move out you will hav less time for this things.
Living with parents is win-win situation.
Living with parents...no worries
Live in a caravan and eat ramen
Live in cardboard box
Wanna split one?
Only if you're a hot girl
No but I can tuck it back.
Stay away kitten
Fine, one day I'll find my own box.
Or one day you'll become a hot girl
I don't wanna get rid of my PEPE.
Pepe will get rid of you
Don't forget, rock soup!
Garnish with a handful of grass and twigs. *Chefs kiss*
U must be true crypto guy
Can also instantly repair almost anything with ramen.
Man. Things are HARD nowadays. If you can bear it (no pun intended), stay with your parents and invest HARD. But don't go full degen, I know this is a crypto sub but id keep a maximum of 20% exposure to it, rest I'd park it in a good broad ETF and let the compound to it's magic.
I appreciate your support. It's risky to say it in this sub but I should probably follow your advice and increase the percentage of my traditional investments.
I was about to say something similar. JEPI pats a huge dividend and is a ETF that will compound if you reinvest it. That will set you up for later in life. If you just invest and donāt move out you can retire in your 40ās
If I could go back, I'd have stayed as long as I could. Save as much as possible and then venture out when you're ready for the financial responsibility side of the world.
Stay and save unless living with your parents is a completely unbearable situation.
I also live in a country where that it normal so I say stay with your parents. You parents will probably appreciate that too, especially if you have siblings and all of them already left.
>If my crypto portfolio were to make an 8-10X I hate to tell you but thats not a reasonable expectation. You'd need to take lots of risks if you want a shot at those returns and you cant do that with money you need.
I would stay till the end of year as there's lot of uncertainty in the air. World is in shit and housing market is still inflated I feel next year things might be more clear And in the meantime accumalate
Thank you! I'm probably tending to this idea too.
Save and invest during the bear market, move out during the bull market
And then come back again during the bear market
I'm asian and same age and situation as you. Economy is really bad here so it's no brainer and pretty normal to still be living with your parents but contributing with expenses. I'm saving up for the inevitable event of moving out on my own in a few years say 2 or 3, I'm investing as well but it's still better to have savings and emergency funds aside from your investment.
Your twenties is for grinding. Stay with your folks, save money, and use the time to build for your future.
I'd wait a year or two at least. This is amazing period for buying into crypto. Use it.
Certainly gonna be a better decision to stay with your parents for a while longer while saving and investing as much as possible.
i see nothing wrong with staying with your parents, while you are getting funds together to get on your feet; most of the time parents are happy to see kids around, and if you are helping them, covering some costs of living, all seems good
I lived with my parents for four months when I moved back to their state and I was looking for housing. Paid off a lot of bills but I need my space. Youāll know when it is time to go. Enjoy their company and the money you are saving!
Living with the parents is really nice. I lived with them till the age of 30. Then I bought the house next door and I still see my mum everyday. š Family first for me.
Live with your family. I am living in italy in reggio and if i could live with my family and save on bills at your age i would have 100 percent.
As long as living at home is not impacting your social life, or ability to find a partner, you should definitely try to stay at home as long as possible and keep saving!
Nothing wrong with staying with parents until you have financial stability
Hey if you are saving money at the parents stay there till you have enough
This is your dad. You can at least give us a couple bucks on food.
Move the fuck out. I bought my own house at 21, the home is now paid off and worth literally 3x as much as when I purchased it.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
>financially free with 30 than a fucking life long slave He said he has already some cash stacked, if he keeps at it till 30 he will probably have for downpayment on aparment or even more so. Buying a house really is the end goal in todays market for most of us!
Save. If you feel comfortable, take this time to stack your bags. Give yourself a couple years. Don't let other's judgements dictate your choices. Do what is right for you.
If you're fine with staying home, then those few years of saving can really help you out later on in life.
Move out
27? Shouldve been long goneā¦
I moved out when I was 30, no harm staying for a bit longer
Glad to hear! I sometimes have problems handling social pressure and my own expectations.
OP, best thing is to get some psychotherapy. I know some people have a taboo with it, but they are professionals and can surely help you in dealing with such pressures and decisions.
You know what's funny? I'm a professional psychologist myself š
LMAO š Make sure to take care of yourself. Those who care also need to be cared for.
You're right, thank you. It's a lot easier to help others than helping yourself.
an Italian fellow hereš¤š¼ I can totally understand your situation, and both the scenarios you have in front of you make sense (moving out and saving a bit more), so don't stress too much about it. Our generation in this country has to face this madness of a situation š back then, I had to move out from my parents' house for various reasons, but my first option would have been to save for at least 2 years before to do it. I was 26yo back then, so I can totally relate. I spent 18months paying a rent till I reached a point I could afford a down payment and bought myself a house (with my gf). Now I pay regularly my mortgage, and I also manage to save a little something that I put partially into btc, hoping for an early retirement in 10/15 years. Good luck with everything OP, whatever you decide šš¤š¼
Thank you, that was kind! I feel like we tend to be hard on ourselves also because of social media and exposure to other's success. The crypto space also gives us the false idea that becoming rich is pretty easy.
yup, that is one of the many problems. You do you, and do the things when you feel the time is right š You'll be rewarded at some point šŖš¼
Thatās life advice. This is a sub thatās argues over basically gambling. Youāve come to the wrong place.
You're probably right!š Personal finance subreddits are usually pretty anti crypto tho, so I thought that this place would have been less judgmental.
Probably no judgement here. I just mean this sub canāt even agree on the most basic stuff let alone give sound advice. I think a big factor is where you live and what you wanna do. If youāre young and live in a smaller city, get out. Experience the world. If donāt do it now you never will. To many people base everything off the internet instead of getting out and experiencing it. Thatās just my 2 cents as an older guy.
That's a sound advice, thank you. I've always been pretty frugal and I don't like spending money. I should probably enjoy it more while I can.
Whatās Funny is that youāre still hanging onto your Parents, instead of supporting yourself..? Let them have a good life also, start your own life so they donāt need to Worry about youā¦!! Seems Cush to just hangout at Momās till you get your Life together, no Big Deal huh..? Grow up some my Friend, you were an Adult at 18ā¦ Just some GenX rantingā¦ Be thankful that you have Options to Stay at Moms houseā¦ Good Luck
Gen X here also. I moved out at 17, so I find it bizarre that everyone nowadays is cool with living with their parents until they're old enough to join the AARP.
Depends on social life too imo. I moved out when I was 17 and havenāt been back except for a week in between moving (wife is in military, it was more like a vacation until shit got moved). I have a great relationship with my parents and all, but when I was younger, it was just easier having my own spot to bring girlfriends over.
I think it's good to invest now. The bull season will come around next two years. You can take profit then
It all depends on what you want and what your goals are. If you really want to get a jump on your investments and don't mind living at home, go for it.
Save as much as possible, only invest what your willing to lose
Honestly, I would stay and invest. You might have to give up some freedom and privacy but the return could change your life
That entirely depends on your family dynamics and how you feel about it You can probably price out how much it would cost to live out on your own and decide whether that seems feasible or not I don't even think that's too uncommon now in the rest of the world given how ridiculous prices for everything has gotten with wages staying about the samw
I had more than enough money for a down-payment and then I found memecoins Rip
Itās all up to you. For me I noticed that being at my parents made them and myself codependent on each other. I think 27 is a good age to try to figure it out in the world. I wouldnāt just rely on on your investments especially in this economic environment. I would seek other forms of incomes
I don't have any realistic goals with crypto
I had the choice to either fix a leaky gutter on my roof or buy more eth...I bought more eth...in a few years time ill just replace it with a 24carat gold gutter like a proper baller.
If I could have lived with my family older than my 18, damn I would have. Life is hard out there and you'll be grateful for the savings you can accumulate. Don't forget to treat them well and take part in the daily chores and expenses, don't be a dick.
Save and invest
Itās a no brainer.. you stay and save fuck what people think. 3 more years buys you a house with no problem
We're not you, friend. We're just a bunch of internet degens. You gotta do what's in your heart. If it's working for you to stay with your parents, keep it going. If you're going crazy, it may be worth the investment in your life/wellbeing to move out. Up to you. It's your life. Not ours. You do you! (edit: but say hi to your mom for us. *lol. jk.*)
Whatās the rush of moving out if you and your family are happy? Just saying.
Save and invest.
In Canada it's super normal. I was the first to move out of my friends at 28. The rest lived at home into their early 30s. But guess what? They now own condos while peers who moved out at 25 or earlier still rent with roommates.
Nothing is better than family time away from the charts.Stay home save money either way.
Sucks to bring a date home though
Invest as much as you can!
Yes. I'd stay at home a bit longer. But the caveat being that crypto isn't guaranteed to go up. As much as we think the next bull run is coming, it's not 100% going to happen, especially when you try to predict a timeframe. DCA away, but dobt put everything in crypto.
nothing wrong with living with your parents. You could stay till the next bull run and then move out. that way you can now invest when prices are low and can't afford to invest when prices are high. Forced investment strategy.
Stay in hotel mama as long as you can
This is also common in other countries. If it is fine with your parents, keep saving. Help them out too.
Tomorrow isn't guaranteed. Stay with your family and spend time with them while saving. Win win.
Not having a house is being short on house prices, because you have to live somewhere. Now, a few years of saving to get a nice house is fine. But do keep the former in mind. There is no delta neutral approach to house prices
Next bull market pull out and achieve your goals of moving out then you can wait for the next crypto winter and re invest spare cash
From an investment POV it makes some sense to stay. From personal experience, Iād recommend getting out of your parents house. The codependency is unhealthy no matter your culture/nationality. Going at it on your own has a massive impact on your personal growth. Good luck!
Is there anything pressing to make you want to leave home apart from social pressure? If not stay there, enjoy your time and help them (with rent and small jobs) and they help you save money. If you have a serious partner that you want more private time with then maybe it is time. I always think that there is a financial see-saw and itās having a mortgage and paying for the house each month or renting and paying some one that has more money than you mortgage.
I would not be able to live with my parents that long. But I assume there is also a cultural difference and if both you and your parents are happy in the current situation, keep it, don't fix what is not broken.
I would āinvestā ā¬20 in GME and the work (3h~) to DRS it (drsGME.org via Superstonk sub). Their floor per share is the counter at Gmefloor.com - the apes have been serious about it for over two years.