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I would say that my parents are middle class for the area we live in. The thing we are most greatful about is the financial security that we have. My dad is a contractor in Malibu, Ca. were the general wealth is very high. This translates into a constant flow of business for his company. With so many extremely wealthy people wanting to upgrade and build new houses all the time, we don't have to worry about a lack of business. The weather is ideal year round to be building so there isn't a recession at certain times of the year for us.
With that being said, I still had to work and save to buy my car when I was 15. My parents would have found something for me to drive, but it would not have been anything exciting.
Someone already stated that you have to save money to have money. This could not be more true. No matter how much you make, if you do not save a certain percentage, you will never have money in the bank.
1970 BMW 2002
Driven by skill, not money
"Real BMW's have round tail lights"
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Your Ride: 2006 330xi, 2007 X5 3.0, 1991 318is
WOW!!! I never realized how young some of you guys are.... So many replies include "my parents pay for". Thats good for you guys but man, I couldnt imagine asking my parents for a red cent. And they are pretty well off. Luckily Im married to a great woman when it comes to money, and I make pretty good money myself.We pull in close to 150k a year, Canadian dollars of course, but that is nothing compared to what both of our parents make. And neither of us would ever ask for money unless we were in dire need for food or something.
All that being said, I do not plan to give my kids a damn thing either, we are already teaching them that you have to work for what you want. We will pay for their education, but only if they complete it, if they drop out half way, then they are on their own. Thats how I was brought up, and Im a pretty damn fine citizen.
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umm basically my parents are living alright.. money is tight.. my dad's company is small and has asked him for a pay cut for the past three years.. and his commission percentage has been cut recently but that doesnt matter too much since he doesnt sell really anymore, he just works on the technical aspect of the product.... i myself am poor and all the money i earn/have to my name is going to school... so i have virtually no spending money... im hopefully gonna pull a 3.8 to 4.0 this sem, along with working 15hrs during the week and refereeing soccer games on sat and sunday... so basically if im not doing school work/sutdying im working or sleeping.... it sucks for my social life, bc i rarely get to party... but i dont mind too much bc i might just be gettin a new gf soon... fingers crossed... but yea I have like no money except to sustain my beer/alcohol habit and basic food needs... but hopefully when I grad in a year I'll get a good job with a dec starting pay and be able to live comfortably...
EDIT: oh and yea... my rents rarely give me money anymore and im actually kinda happy about it so that i can be financially independet now... and not have to worry/rely upon them to back me if I get in a bind... ive been paying for all my own shit since frosh year of hs... cept for 1/2 of my car (that was a b-day present)....
Member of "Ran From A Cop And Got Away" Club
My goal is to race in the Gumball 3000 by the age of 28.
I just put in my two weeks at work. hopefully i can get through the winter without asking the rents for anything. I got like 2500 saved and my car insurance is paid for six months...unless somethign bad happens i should be fine.
Projal thats pretty crazy. alot of people become independent early...its funny cause im not all that independent, yet alot of my friends tell me i work way to much and have no life..hmp.
We all get the urge...Saturday early morning...nothing to do till noon... BMW FTW
The aural sensations of 1st gear WOT
**CGM **(Certified Garage Mechanic)
My dad is pretty well off. He has really been blessed with good opportunity as well as finacial genius. Working all his life in Honduras (were the per capita income is currently $2800/yr), working always for non-profit organizations, he has made good enough investments to pay for my education and that of my two sisters in a private college here in the US. Right now I am making $35k/yr (I am being underpaid to be honest), yet he still pays for my grad school tuition and my food. I know this sounds spoiled, but I know that everything comes from hard work. I have talked to my dad several times about not needing any money, but he would not have it any other way. I decided not to allow pride to take over, since I am still working on saving up for a house down payment and furnishing my apartment.
My dad was very good about giving us a modest lifestyle. I would have had no idea growing up that he had made so much money. I want to be able to do the same for my children.
He doesn't really like it that I own two cars, that one of them is a BMW, and that I live in a two-bed, two-bath on my own.