Millennial finance Advice: Should I Move Out of My Parents House?

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I got asked the question the other day on Quora “Should I move out of my parents house? or stay at home and save money?” I answered this on quora but I thought that it deserves a video because this is on the tip of everyone’s mind lately.

Only in “Western” countries do we find living at home after the age of 21 strange. In Asian and Latin countries people live at home up until they get married, and even at that point they may choose to live with their parents or have their parents move back in to be able to better take care of their elderly.

This is a sign of a strong communal focus, something that western countries seem to be lacking more and more these days.

So if you are a millennial living at home with your parents or you are just getting out of college and you have student loan debt, check out what I have to say here because this applies directly to you.

Here’s my response on quora

 

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Author: Kristian

At the age of 22 Kristian found myself deep in debt from student loans, credit card spending, a car lease right out of college, and with few prospects and while living in his fathers spare bedroom, he began working diligently to get out of debt. That was 3 years ago, now he writes about how he did it, what tools and strategies he learned to accelerate his growth and get out of debt faster that he ever thought possible. To learn more about how he dug himself out of the $33,555 of debt he was in, while saving over $10,000, and all while doing it earning just above minimum wage check out: Mysimpleonlinelifestyle.com To date Kristian has been to over 14 different countries including Austria, Germany, Switzerland, Poland, Hungary, Belgium, France, Thailand, Philippines, Hong Kong, China, United States, and UAE. When not working on projects he’s passionate about, or helping local businesses with their marketing, you can often find Kristian reading, training Jiu Jitsu, or eating Thai food.