Tag Archives: financial advice

“Jaw With John” – Can I graduate? Can I look in faces that I meet? Can I get my punk ass off the street?

I finish my college program at the end of this month. I plan to move out of my parents’ house in June. I’ve looked up a few places nearby and have done some research. It’s exciting! The only thing I fret about is that my parents will try to hold me home another year or more and I really don’t want to live at home anymore.

My plan is to be out before my 23rd birthday. I’ll start saving up money so by June I’ll have at least $1,000. How can I do what I want to do — not what they want me to do? — Almost Graduate

Dear Graduate:

Third Eye Blind posed this question nearly 20 years ago: “Can I graduate?” Clearly you can, but you also need to graduate from living with your parents. You can also “get your punk ass off the street” while you’re at it.

You seem eager and ready to tackle the world, which is cool, but I hope you’ve done enough research to know if you’ll need more than $1,000. Because you most likely will need more than that amount. Don’t risk being in financial hardship just because you want to move away from your parents. It’s not worth it. Make a plan, save more than what you think will need and then execute that plan. There’s nothing sweeter than when a plan comes together.

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“Jaw With John” – Auntie’s Offspring Have Been Busy

At 88 years of age, I am the last remaining child of a family of nine children. My health is fair, and my income is sufficient.

My problem is that I have 35 nieces and nephews (all in another state) who are starting to marry. They are kindly extending invitations to me. I have sent a financial gift to four weddings, but if I continue at this pace I’ll be broke.

How do I stop this “graciously”? They do love their aunt. — Auntie Em, The Great

Dear Auntie:

35!? Daaaaaaaayummmmm, your family knows how to procreate. I’d suggest finding the cheapest thing on their registry and buying that OR just giving them a memento from your family. And if they just want money tell them that the way that you’re gifting money that you’ll have to move in with them at some point. That will give them a good scare and let them know that you can’t give them money anymore.

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“Jaw With John” – Money Talks, And So Does His Brother

Both my brother and I are in our early 60s. My brother “Sam” is retired but has a wife who still works and makes outstanding money.

Sam continually lectures family members and friends about how much money he has and how they should follow his advice in investing their money. He brags and tells everyone in the family how they should be living their lives.

His arrogance drives everyone crazy! I told him many times that I do not want his financial advice. I tracked all of his financial advice and finally sat him down. I showed him mathematically that if I had followed his advice over the past several years that my wife and I would have lost almost all our life’s savings.

I also told him that family members and friends think he is very arrogant. He started screaming at me, told me that he did not believe a word I said, and ran out of the room.

I haven’t heard from him in several years. He will not answer any of my correspondence. What’s the best way to make him understand that he cannot continue to behave this way? — Concerned Brother

Dear Brother:

Did he really run out of the room? Because that would be pretty damn dramatic.

Is he really that rich? I imagine your brother walking around in a pin striped suit, slicked back hair, cigar in hand constantly saying “Greed, for lack of a better word, is good.” Or telling you as you pick up your cup of coffee in the morning, “Put that coffee down. Coffee’s for closers only.” But reality never lives up to your imagination…

Tracking down your brother’s past advice and telling him that he was wrong is kind of a dick move on your part. Sure he was wrong, but you didn’t have to do that to him to let him know he was wrong. You wasted a lot of time proving he was wrong and what did that accomplish? You’ve now made an enemy of your brother.

How is he making his money anyway? Perhaps you should just do as he does and not as he says. But this guy sounds like a prick, so don’t encourage him. Ultimately, the best way of dealing with people as loud as your brother is to calmly tell him “Sam, I appreciate your advice but I have my own financial plan that I am following.”

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