24-year-old with $125k salary lives rent free with parents to save for investments, calls out older siblings when they accuse him of freeloading: 'They lived with us until their early 30s'

Many parents will do everything they can to make sure their kids have the best start to adulthood.

Depending on the resources they have available to them, this can involve any number of things. Sometimes this involves putting in a good word for them at a job, or helping them with a college application; maybe, depending on their budget, they gift them a car or even a house.

However, by far one of the most common scenarios in this era of skyrocketing housing costs is that parents will let their adult children live with them for free or for vastly reduced rent. It is an expense that many kids are all too happy to keep to a minimum, even if living with family as an adult can have its frustrations. When looking to save a little money, it is the obvious move to make.

That being said, just because parents are happy to let their kids live with them doesn't mean that they shouldn't make some kind of financial contribution to the household. If they have a healthy salary, it is only fair that they play their part. In all likelihood, they will still be spending a lot less money than they would be on the rental market.

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  • A man sits at a desk with a computer showing a stocks chart, holding his cell phone and pointing at it with a pencil
    via Chris Liverani

    A man sits at a desk with a computer showing a stocks chart, holding his cell phone and pointing at it with a pencil

    Image is representative only and does not depict the actual subjects of the story.

  • In this story, a young man who had recently landed a six-figure job made an agreement with his parents that he would be able to live with them for free, as he hoped to invest the majority of his salary to make some passive income. 

    His older siblings were not happy with this arrangement, and they suggested to their parents that he should be paying rent, just like they had to when they were his age.

    His rebuttal to this criticism was that both his siblings had been teen parents, meaning that his parents had had to help out with childcare as well. They were insulted by this, and he wasn't sure if he had taken things too far.

  • Am I wrong for pointing out my siblings being being teen parents when they said I'm sponging off our parents?

    I'm 24 and got a job offer last week after I finished school which starts at 125k a year. I'm still living at home, no kids, and my expenses are all just car related and personal expenses mainly. However I had a plan to live at home rent free and just invest my entire salary basically in dividend stocks until I had enough passive income to live a better life. I was thinking I'd invest like 75k a year and then live off the rest modestly which would create a good base by time im like 30.
    via WayyBiggerJaws
  • .... off Now my parents have no issue with this plan as I've discussed it with them but both my older sister 33f and brother 35m have complained to my parents and told them I should not be then since they had to pay rent at my age. My rebuttal was that they both had kids in their teens and lived with us until their early 30s, my parents had to help take care of their kids already for over a decade so it was reasonable to charge them rent. I'm basically self sufficient and don't cause much work o
    via WayyBiggerJaws
  • Now they are upset and saying I said their kids are burdens and making it a big deal so we are not really speaking. But I was never saying that I just said they were more work and cost than I am so they should have paid rents. AITA for this because I feel justified and don't see what I'm doing as bumming, I'm just planning smartly for the future.
    via WayyBiggerJaws
  • A young mom soothes a crying baby being held by her father
    via Getty Images (Unsplash+)

    A young mom soothes a crying baby being held by her father

    Image is representative only and does not depict the actual subjects of the story.

  • SnooSuggestions6743 Unless your parents are comfortable financially, I would throw them a few hundred dollars a month to cover utilities
    via SnooSuggestions6473
  • WayyBiggerJaws Original Poster's Reply They are comfortable financially, and I do pay the internet bill if that counts as a utility.
    via WayyBiggerJaws
  • Foreign-Cow-1189 Your parents not minding doesn't make it the right thing to do. You will be taking from them when it's not necessary for your convenience and benefit. You should move out and then live as frugally as you wish to accomplish your goals without burdening your parents.
    via Foreign-Cow-1189
  • WayyBiggerJaws Original Poster's Reply How am I burdening them, they want me to be here and think I should take the opportunity to save while I can.
    via WayyBiggerJaws
  • IndividualTop96 Wow you're so gross your parents are financially in a position to occasionally ASK you for money and you haven't even though to pay rent? Major major loser
    via IndividualTop96
  • WayyBiggerJaws Original Poster's Reply My parents do well financially and THEY don't ask me for money it's my dad. He likes to gamble, drink, smoke and hang with friends which eats up a lot of money. 9/10 time he's asking me for money cause he went over the budget my parents have and my mom won't give him more for that stuff. It's not that he is struggling and needs money.
    via WayyBiggerJaws
  • old-lady50 Would it hurt to pay something in rent? Even if it just gives your parents a little play money to go out on date night? You are an adult and sound like a reasonable one, why cause all this conflict for your parents with your siblings when you have the funds to help out and still save quite a bit of money. Also ask your parents to not share details of your finances with your siblings or the details of what you work out with them for rent. Do not share that information with them yoursel
    via old-lady50
  • WayyBiggerJaws Original Poster's Reply I'm not against contributing anything, sometimes my dad ask me for money and I will give it to him no strings attached. It's more so I want the opportunity to save as much as I can and they are fine with that.
    via WayyBiggerJaws
  • QuirkySyrup55947 Seriously... OP is mooching serious off mom and dad. Just because they can doesn't mean they should.
    via QuirkySyrup55947
  • xMoonPearly Yep chipping in a little for bills would make the whole setup look way better.
    via xMoonPearly
  • Old-Set78 Your siblings have a different situation than you. But you really should contribute towards the household expenses especially as you can easily afford to do so.
    via Old-Set78
  • Zestyclose-Height-36 ntj, but ask your parents if they would like you to pick up the monthly costs of a weekly housekeeper and biweekly lawn person. they are getting a bit older and may appreciate your arranging to have some of the chores taken off their plates and it is not very expensive.
    via Zestyclose-Height-36
  • AdroitPreamble YTJ. Pay them $500 a month. That still leaves massive money for investing.
    via AdroitPreamble
  • Apart-Specialist3478 Pay the rent. You can still save. I'm sure that your parents will give you a family discount so don't be greedy.
    via Apart-Specialist3478

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