I don't know where else to go on advice regarding this matter. My family consists of me (24), my sibling (19), stay-at-home mom and dad. My dad made extremely poor decisions involving accumulating tons of credit card debt to build 2 massive houses for passive income.
Due to costs involved, he'd sold our original house and we rented from place to place. All the while, he'd struggled to pay the rent and our education costs. Eventually we found a new place when I was 16. I managed to get into a prestigious school which cost more than average and I learnt today his relatives paid for my schooling. Fast forward to finishing my master's degree; I find that all the while he'd told me he was doing fine and I should focus on my studies and dreams, he's accrued unimaginable debt. I have my own student loan of 46k to pay which is manageable for me.
What worries me so is that he's 59 this year, reaching retirement in 6 years by which time my brother would have just finished university. I'm beyond scared to think he has no retirement savings and went into debt while encouraging me and my brother to pursue our dreams. What should I do at this stage? I'm currently waiting to start a well-paying job overseas and have dreamt of doing medicine after my brother's finished uni and gotten a job. But with the way things are now, I'm extremely wary and feel like I might have to give up my career aspirations to take care of the family and the debts.
TLDR: Dad has a habit of taking monumental debts and making terrible financial decisions while financing our expensive education and hiding reality from us. Should I give up my career aspirations and contribute to the debts? I still don't know exactly how much the debts are either.
Submitted April 19, 2019 at 10:34AM by OddFunny http://bit.ly/2Xxac5r
