Benefits Analysis
Strategy
Staying with your parents for the rest of your life allows you to save on rent, e.g., $500 to $1300 per week (varies from city to city) for a 1 bedroom to 3 bedroom apartment (not house).
This depends if its in the suburb or the CBD.
This strategy can be repeated with each of your future generations and their loved ones.
Compounding Interests
How much is $500 cost savings per week multiplied by 52 weeks per year for 100 years (The longest living human is 122 years old), excluding reinvestment dividends? The bank pays you compounding interests monthly over 100 years? You may think you won’t live that long. What if you do and your money runs out early? How many decades of pain and suffering would that be?
Gain $1,000,000 by year 26
Use the compounding interests calculator here to see how much money you save. With consistent savings, you may earn $1,000,000 by year 26 or earlier. Not considering additional monthly savings from a portion of you, your partner’s and/or family salaries.
Reinvestments
With your first pot of gold, you can diversify your cashflow into several investment vehicles, e.g., buying a prime property to gain yourself a rental income of $2,200 per month rather than pay rent of $2,200 per month?
Benefits the Boss
Sharing housework with close family support in your times of need allows you to focus on your job, thus enhancing profits for the boss and growing the economy.
Inheritance
Paying rent to your parents goes to your parent’s home mortgage, which will go to your future inheritance when your parents, unfortunately, pass away.
Lifespan Extension
Being wealthy enables you to obtain private elite medical care to pay for surgeries that will significantly improve your quality of life and extend the lifespan of you and your loved ones by decades.
Safety
The likelihood of your parents murdering you is significantly lower than strangers in rental properties assaulting you. If your parents want to kill you, they would have aborted you before you are born.
Barriers
Emotional Decisions
Many of life’s decisions are emotional (based on personal biases and cognitive dissonance) without thorough research, deliberations, and strategizing via consultation of different organic and digital sources widely. Few people will review their progress and adjust their action steps yearly, let alone weekly.
Fuzzy Thinking
Some people don’t really understand how much money they will save, coupled with the opportunity costs of that first pot of gold in the right investment portfolio over one hundred years by simply living with their parents or in-laws.
Backstabbing
Your relatives, family, frenemies, or colleagues may be secretly jealous of you, especially if you flaunt your wealth with luxury goods.
People you trust, may intentionally or unwittingly (indirectly manipulated by other people) dispense wrong life advice and indirectly influence you to spend all your money so they can gain superiority to control you. Search YouTube “Types of toxic people” [ here].
If you cannot view other people’s bank accounts when you go to the bank in person with them, how do you know for sure that they are real millionaires giving practical advice for free? Even if they are millionaires, why would they help you if they have nothing to gain from helping you? Would you sacrifice your time, money, and opportunity costs to help others if there is nothing in it for you?
Human Nature
Some humans want to live fast, die-hard, and go on government welfare since they don’t save or invest and spend all their paycheck before the end of the month due to human desires, secret malicious cultural pressures and/or ignorance. These people are incredibly anti-government and vocal about increasing their welfare. When they become wealthy, they will be equally vocal about not sharing their wealth to provide for the unfortunate poor and often resort to force to protect the status quo.
Impulse Control
It really boils down to impulse control. If one lacks impulse control, even if one has a monthly income of $1 million, he or she will spend more than $1 million monthly to become bankrupt and homeless when he or she has lost their job and are old without money for medical bills.
Life is Random
Some humans may be a scrooge and save every dime to suddenly die of unexpected natural or unnatural causes and never get to enjoy the fruits of their savings based on each country’s birth and death register cross-referenced with their assets position from each bank’s databases.
Life is unpredictable. The good is not always rewarded, and the wicked are not always punished. You know this if you have lived long enough via personal experiences, or have watched enough news.
Annoyances
Annoyances are part of life no matter where you go, even if you are alone in the world. It’s natural to have annoyances when you stay with parents, in-laws, strangers in rental properties or even with your wife/mistresses in the house that you own. Many things are out of your control, except your views and reactions to life’s events.
Intimacy and Privacy
There is a consideration of how to sex with your partner when you stay with your parents or in-laws, which is more of a cultural barrier. How did your parents sex with each other when you are a child or a teenager as you are growing up? How are your siblings made?
How do you sex with your partner when you are renting a room in a house with strangers? What’s the big difference between parents and strangers in terms of etiquette? Nothing is stopping you from seeing your partner when you live in different rental properties?
There are many creative ways to become intimate outside of a rental house or home of your parent/in-laws, like in a friends’ room, hotel, motel, caravan, in a vehicle, and many other legal ways which cost you less than $30 for an hour of “space.”
Filial Piety
If you were to gift $0, I mean $2,200 per month of cost savings from rent to your parents or in-laws, your parents will likely treat you like royalty.
If this sounds unpalatable, think of how you are repaying your parents for bringing you to this world and keeping you alive for more than 16 years that cost them $500,000 (estimated) for your education and upbringing, including opportunity costs and reinvestments.
Think of this as returning the favor by giving them a comfortable retirement and have sufficient medical surgical funds to extend their lifespan/relieve their pain and suffering in old age or unexpected medical conditions that may happen soon.
If you have children, how will you feel if your children gift you $2,200 monthly?
Solutions
Reframe your Views
Google “how to stop XYZ,” which range from noise-cancelling headphones to practicing excellent people skills.
Creatively reframe your view on living with others as an opportunity to practice on how to maintain good relationships with people, which will pivot you to a managerial position at work, leading to higher salaries to maximize your pleasures. Being a manager means you are exceptionally valuable to the boss and the economy.
With higher income, you have the capacity to donate to charities to support unfortunate orphans. Side note: When I was poor, I tell people around me that I often donate to charities, but those are actually verbal donations since people can’t verify if money really flows from my bank account to the charities’ bank accounts.
In life, there is no escaping people who are less intelligent than you, more talented than you, wealthier than you, poorer than you, more beautiful than you, uglier than you and a myriad of human attributes which permutates from minute to minute based on your current beliefs, mood, feelings, values or for no reason. Some people detest all humans that are above and beneath them.
Conclusion
This analysis is based on the pretext that your parents and in-laws are non-abusive good people that respect you as a human being. However, if you have an abusive personality, it doesn’t matter that you are staying in a rental property or staying with your loved ones. People who put up with your personality flaws are only interested in slowly milking money and other benefits from you until you are dry. Then you will be discarded.
Always take advice from others, be it strangers or loved ones, with a pinch of doubt as we cannot 100% ascertain the advisor’s true motives in dispensing their advice (digitally or organically) if it is truly in our best interests.
Good luck on your journey to financial freedom and happiness.
May God bless you and your loved ones. Amen.
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