Rules of Life for Your Money

I just read that student debt is increasing and that more and more adults are still living with their parents. Living with your parents is great as long as their is boundaries. By the time a kid is 21 the parent shouldn't have any input on what the kid does or where they move. The kid has to figure that stuff out on his own eventually.

There should be some rules that follow between Parent and kid rules.

1. Kids over 21 should move out once they hit a net-worth of 10,000.

2. If the city where there parents are in has a rental market that is too high the kid should be able to move without parent complaints.

3. Parents should stop buying groceries for kids after 18 if net worth is over 10K.

4. Family visits should happen on special events or on long weekends. Every week is too often unless there is grandchildren involved.

5. Parents need to stop pointing out the obvious. It makes the kid look dumb.

6. Advice is allowed only when the kid is on the brink of homelessness.

I don't know why kids want to live with their parents. Yes, its comfortable but it's not the answer. For instance, cost of living is lower in most countries outside of the USA and Canada. How about travel to developing countries and live there. Make money by teaching ESL and writing a book about your experience.

Lots of ways to make money while being frugal but anyone in there 20's doesn't want to do it.

I'm lucky enough to have some wiggle room but it's almost uncomfortable for other reasons. I have grown my net-worth every year but this year has been harder due to 2-3 complications. I'm starting to realize that if it goes down in 2018.

Here are your benchmarks how much you should have by age:

Some of the things about the graph are self explanatory. I started at 21 because most people stay in college for a few years. I don't start at $0 at 21 because your allowed to work while going to school and some kids have something called Grandparent money for a Grad present and so on.

 As you get older, you can save more, buy a house and get promotions. This all can lead to appreciation. A good time to retire is 58 and by my math you'll have 26,000 to spend per year. (Pensions and landlord money and this can be increased.)

	21	5,000
	22	7,000
	23	9,000
	24	11,000
	25	13,000
	26	15,000
	27	17,000
	28	19,000
	29	21,000
	30	23,000
	31	25,000
	32	30,000
	33	35,000
	34	40,000
	35	50,000
	36	60,000
	37	70,000
	38	90,000
	39	110,000
	40	130,000
	41	150,000
	42	180,000
	43	210,000
	44	250,000
	45	290,000
	46	340,000
	47	390,000
	48	440,000
	49	490,000
	50	550,000
	51	610,000
	52	670,000
	53	730,000
	54	790,000
	55	850,000
	56	910,000
	57	970,000
	58	1,100,000
	59	1,073,810
	60	1,047,620
	61	1,021,430
	62	995,240
	63	969,050
	64	942,860
	65	916,670
	66	890,480
	67	864,290
	68	838,100
	69	811,910
	70	785,720
	71	759,530
	72	733,340
	73	707,150
	74	680,960
	75	654,770
	76	628,580
	77	602,390
	78	576,200
	79	550,010
	80	523,820
	81	497,630
	82	471,440
	83	445,250
	84	419,060
	85	392,870
	86	366,680
	87	340,490
	88	314,300
	89	288,110
	90	261,920
	91	235,730
	92	209,540
	93	183,350
	94	157,160
	95	130,970
	96	104,780
	97	78,590
	98	52,400
	99	26,210
	100	20