Kelpie 2nd Gear September 4, 2009 Share September 4, 2009 Hi all, Few of my friends who are more successful in business ventures have accumulated enough wealth that they don't require their sons/daughter to support them. To them, their wealth are not their children wealth. Some stopped giving financial assistance as soon as their kids grown up. For example, they share the same roof, living in landed property, owned a S-class or 7 series but Son drives a Hyundai Getz and daughter drives a Toyota Vios. The parent will not lend money to the kids, some even wanted to charge the kids rental. Good or bad? Regards, ↡ Advertisement Link to post Share on other sites More sharing options...
Skunk Clutched September 4, 2009 Share September 4, 2009 it's great. That's the way to bring up strong, tough kids. Link to post Share on other sites More sharing options...
GoodCar 4th Gear September 4, 2009 Share September 4, 2009 I thinks the best things parent can give to Children is value, knowledge and skill. The kid must be encourage to stride out on their own. We need our next generation to continue to be strong and independent. Link to post Share on other sites More sharing options...
Altivo 3rd Gear September 4, 2009 Share September 4, 2009 Good... but i believe when the need arises, the parents will lend a helping hand. It's just that they do not want to give the kids a wrong impression and have them take things for granted. During JC, i've seen classmates whose dad buys them car upon receiving their license.... not cheapo cars but rides like Honda Prelude (back then no integra), BMW 3 series coupe etc. Till now, some of them are not able to hold a regular job and is still asking their parents for allowance. Link to post Share on other sites More sharing options...
WTF 4th Gear September 4, 2009 Share September 4, 2009 My friend's brother who's a scholar and lived in landed forbid his maid to serve his 2 daughters. He told them that the maid is hired by him and they have to do things by themselves. The maid only brings them to and fro schools. Link to post Share on other sites More sharing options...
Maroon5 5th Gear September 4, 2009 Share September 4, 2009 a bit overdoing it in my view....charge rental???? Link to post Share on other sites More sharing options...
Shull Turbocharged September 4, 2009 Share September 4, 2009 i think it's good..the kids are the people who are able to support themselves independently when they grow up.. Link to post Share on other sites More sharing options...
Espire 1st Gear September 4, 2009 Share September 4, 2009 Hi all, Few of my friends who are more successful in business ventures have accumulated enough wealth that they don't require their sons/daughter to support them. To them, their wealth are not their children wealth. Some stopped giving financial assistance as soon as their kids grown up. For example, they share the same roof, living in landed property, owned a S-class or 7 series but Son drives a Hyundai Getz and daughter drives a Toyota Vios. The parent will not lend money to the kids, some even wanted to charge the kids rental. Good or bad? Regards, I had a friend, who is running a business, earn good money... but doesnt offer his son a place in the company. He want his son to go out to the society and make it for himself. Today his son... indeed owns and run a company many times bigger than his dad's. and both of them are happy. Link to post Share on other sites More sharing options...
Jamesc Hypersonic September 4, 2009 Share September 4, 2009 If the grown up kids can look after themselves, they should! When I retire, I am going spend all my money going around the world with my wife when I find one and leave nothing to my kids when I get around to making them! Link to post Share on other sites More sharing options...
Alechi 2nd Gear September 4, 2009 Share September 4, 2009 of course gd ... easy money not gd for children Link to post Share on other sites More sharing options...
Amortifiedpenguin Clutched September 4, 2009 Share September 4, 2009 Can...why not?exact situation im in.before i started working i had alot lesser allowance as compared to other hdb dwelling friends even though my dad is very well off.he says that i should earn my own keep.ask him for car is equivalent to courting death.but its good.it makes me strong and more hungry to work hard and to do well to afford what i want. Link to post Share on other sites More sharing options...
Jamesc Hypersonic September 4, 2009 Share September 4, 2009 My dad did when I used to stay with him! Link to post Share on other sites More sharing options...
Kxbc Turbocharged September 4, 2009 Share September 4, 2009 (edited) If I were the parent, the kids can live with me till they get married then can move out. Not going to "lend" them money for a condo or whatever. They can stay in a flat like the majority of Singaporeans. But I will give them a renovation loan for up to $20k which must be repaid. I would not even loan them money to buy a car. If they cannot afford a car, then go and BMW. I am not going out of my way to give thema ride as well. My point to them will be: If you cannot afford it, then don't do it. Do it only if you can afford it. But then, they should already know since I should have inculcated these values in them. My father only supported my education up to JC. Any higher I can go, he will loan me the money but that has to be repaid. I took 4 years to finish the loan repayment. Edited September 4, 2009 by Kxbc Link to post Share on other sites More sharing options...
GoodCar 4th Gear September 4, 2009 Share September 4, 2009 We all must play our part to bring out the best of our children. These are the future Sons and Daughter of Singapore Link to post Share on other sites More sharing options...
Kelpie 2nd Gear September 4, 2009 Author Share September 4, 2009 it's great. That's the way to bring up strong, tough kids. Some of their kids often complain to me about their parents being harsh on them . The parent got money but don't lend them for business ventures nor wanted them to work in their companies. Regards, Link to post Share on other sites More sharing options...
Altivo 3rd Gear September 4, 2009 Share September 4, 2009 I had a friend, who is running a business, earn good money... but doesnt offer his son a place in the company. He want his son to go out to the society and make it for himself. Today his son... indeed owns and run a company many times bigger than his dad's. and both of them are happy. agreed... the kids gotta get their hands dirty and rough it out. Let them know nothing comes for free. Link to post Share on other sites More sharing options...
Tireburner 3rd Gear September 4, 2009 Share September 4, 2009 I guess your friend had a humble and poor beginning and wants his kids to know the value of money the hard way. Should be a good way rather than give them whatever they want easily. They will be spoilt brads this way. Link to post Share on other sites More sharing options...
Antirobo Neutral Newbie September 4, 2009 Share September 4, 2009 [quote name='Kxbc' date='Sep 4 2009, 02:11 PM' post='2857504' I would not even loan them money to buy a car. If they cannot afford a car, then go and BMW. So, what if they they don't wanna BMW and will buy a motorbike to ride instead? ↡ Advertisement Link to post Share on other sites More sharing options...
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