My problem is my dad. I can't send him money fast enough. My dad is 61 years old. He has lived with my grandma (his Mom), since 1983, after him and my mom split. He never got over the divorce. In his lifetime he has filed for bankruptcy twice. I think the total between the two was $75000. Last year, he convinced his mom to sell her house and move with him to Florida. He has had a retirement account since I think 1976, and that was a very nice retirement account. However, he was allowed to take money out of it and now that well is almost dry. Grandma got $80000 for her house. That was one year ago. The money is almost gone. I sent them a check today, and now I only have $157 left in my wallet, and I still need to buy food to last until my next pay period which is one week from today! In the past I had great success with investments, but investing can sometimes be a gamble. Last year, against my own judgment, Dad convinced me to let him loan me $9000 out of Grandma's bank account to invest the money for them and make them rich with it. I told him numerous times that it was possible to lose money that way, but he didn't listen. Instead of making money, I lost that money plus $10000 of my own money in investments. I decided to quit before I got even more behind. I make $50000 per year with my miserable job. I promised Grandma I would pay her back that money out of my own paychecks before the end of the year, plus $2000 as a gift, which I will do. I think that's only fair. That's not fast enough for my dad. I will pay this money to her by working at a job. However, I decided that after I pay off Grandma, they will never see money from me again. Right now, I'm not planning to talk to him again after I have the money paid back. Another problem is, job isn't in Dad's vocabulary. He's also a Seventh Day Adventist, and that's a Christian denomination that takes the 4th Commandment (prohibits working from sunset Friday to sunset Saturday) seriously. His objection to getting a job is that that would require him to break God's Laws. The Bible does say "six days you shall labor and on the seventh day you shall rest". He has the part about resting on the seventh day mastered. It's the part about "six days you shall labor" that seems to be a problem for him. He spends seven days a week relaxing by the pool or the beach. During this time, he gets stressed out about running out of his mom's money, but during that time, the idea of getting a job doesn't seem to enter his mind. Suggesting that would garner a very negative response from him, such as screaming or yelling.
He's a financial black hole because money disappears below his event horizon. Like scientists who don't know what happens to the matter once it falls into a black hole, I don't know where the money goes!
I'm sending Grandma money as fast as I can, but I had two emergencies of my own this month that cost a lot of money! What am I supposed to do about this??
He's a financial black hole because money disappears below his event horizon. Like scientists who don't know what happens to the matter once it falls into a black hole, I don't know where the money goes!
I'm sending Grandma money as fast as I can, but I had two emergencies of my own this month that cost a lot of money! What am I supposed to do about this??