I’ve come to a place in my life where I’m doing relatively well. Collectively, me and my husband make ~300,000 a year. (I’m an orthodontist with my own clinic and he’s an engineer).
I didn’t grow up with this much money, and because of that I’m relatively frugal. I earn around $200,000/yr nowadays (depending on the year, but I know I’ll never be in deep financial trouble)
When I was a kid, my mom provided everything for me, everything she could- my dad died when I was 8 and she went from being an accountant in Europe to being a janitor in the US (she doesn’t speak very good English) So it wasn’t through a lack of trying that we were poor. She is actually VERY good with money.
I’m my moms youngest kid, but I make the most money. Ive paid off a lot of the debt she’s already had on the house, and fixed it off a bit too.
I want to pay off the rest of her house (like ~130,000 left on that thing) and fix it all up and remodel it (new TVs, appliances, the works) Also, she’s had the same ole car from ‘95. Now I’m not exactly sure why my siblings have t helped her but I’ve decided I will.
I want to spend ~200,000$ on the house (debts and all) and get her an Audi or something nice (so that she can show it off to her friends at work finally ;D )
But I’ve also considered the idea of her leaving her job, forever.
She’s 65 and she should retire now. She should’ve retired like 5 years ago, but I can support her. (Honestly she lives on a 40k/yr salary and most of it goes to paying off her debts— I can easily give her 45k a year.)
She’s the reason I don’t have to worry about money, so why would I let her worry about it?
What do you guys think?
EDIT: I should add we have 3x what Im trying to spend on my mom in the bank at the moment, and we live relatively frugally. A lot of my money goes toward my hobby (I opened an animal shelter and I pay the difference) and a savings fund for our (future) kids college expenses.
Submitted February 13, 2018 at 12:35AM by damnbruhahahah http://ift.tt/2Cgtxg9
