This is a real twitter conversation that took place the other night. It is the perfect example of a remarkably common situation that could have spun out of control. No, the Mexican gall bladder surgery isn’t common. The lack of preparedness and burdening of family is common.
The gentlemen who tweeted me could very well burden his mother as she begins retirement. Boomer parents bail-out adult children everyday, even at that detriment of their financial future. This MUST stop. We mustn’t burden our families with OUR problems. The crime isn’t in the borrowing, it would be in the delayed payback of this unfortunately necessary debt.
Like I tweeted, I’m confident that this guy will make the right decision. And if you are ever in this situation, then I’m now confident that you will do the right think too.
Follow me on twitter @petetheplanner and feel free tweet your money questions.
Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.