Was there an anticipation for you to take part in university formation? Did you take part in a form of university formation? If so, how did you pay for it?
My two parents visited the college, chose stem majors and completed their class. I was expected to do the same. I studied computer science at a respected university in this area. I also received an earnings scholarship that covered my entire tuition fees for all my college years. I just had to cover rent and food. For my first year, my parents gave me money to cover these living costs. In my second year I worked part-time as a software engineer intern and used this income to cover the cost of living. I kept this part -time in the rest of the college.
What conversations did you have about money? Did you transfer your parents about finance?
When my parents grew up, my parents talked about spending habits and the importance of saving. We lived an extremely economical life and tried to save as much money as possible. For example, almost all my second -hand dresses were bought, and we have stopped our diet for the week based on the sale in the grocery store. Nevertheless, we were never worried about money. My parents made it clear that our economical lifestyle was not due to the fact that we lacked money, but we wanted to save for rainy days and future purchases such as my college and their retirement. After I got my first job, my parents taught me various investment options such as CDs, Treasury bonds, investment funds and day retail. Under your supervision, I set up some daily business to familiarize myself with the trade and get used to the associated risk. If I have lost money on some trades, they helped me to understand my mistakes and gave evidence of how I could compensate for the loss. For example, one of her mantras is that it is usually better if a share we buy goes into a loss unless the company is in bad circumstances (e.g. a lawsuit). “A flood on the market will raise all stocks, just wait for it and then regulate the trade,” they say.
What was your first job and why did you get it?
My first job was a part-time software engineering internship that I did on college. I mainly accepted the job so that I could show something in my resume when I was applying for summer internships.
Have you worried about money that grew up?
No, I knew that my parents had our finances well. While our lifestyle was modest, they made sure that I had everything I needed. They also assured me that we had enough for rainy days. I remember that there were a few months in which my father was unemployed, but they never showed signs of stress or shared concerns about the money. “This is part of life,” they said, “we saved enough for such rainy days, so don’t worry. And remember that it will pass and it will be normal again.”
Are you worried about money now?
I have a solid job, decent savings and with my economical/minimalist lifestyle, I am not worried about money at short notice. Long -term is a different story. With the rise of AI, it is uncertain whether software engineering is a good, sustainable career. If AI replaces my job or reduces my potential for earning, I would definitely be in trouble, and that is my greatest concern. As a result, I am constantly concerned about saving the future.
At what age do you become responsible for yourself financially and do you have a financial security network?
I am still not financially independent. I live with my parents and while I pay the bills, I know that if necessary, you will be happy to cover me. Therefore, I don’t feel the same responsibility as someone who lives on his own. I have a financial safety net; I have enough savings to cover my living costs for a few months. I also know that my parents will help me if necessary.
Do you have or have you ever received a passive or inherited income? If so, please explain.
My parents gave me $ 10,000 when I started with college. I used some of them to cover my living costs in the first year of study and put the rest in a savings account.
