Suze Ormans featured guest tonight

**Broken Arrow** · 07-11-2009, 05:42 PM

Wow. I'm curious as to why the parents are not only enabling him, but are transferring his balance to their cards?

**gamecock43** · 07-11-2009, 05:51 PM

The guy said that he cannot afford to live on his own. He keeps trying to start businesses and become a success but needs them to finance his lifestyle while he is getting the businesses off the ground. He currently sells on ebay and earns some money- but his parents just told him they can no longer give him the $2500 a month allowance that he has always gotten (on top of the balance transfers). They can only give him $1000 a month from now on. He explained that even with the $2500 a month allowance he cannot make ends meet. So he charges daily expenses.

**cantretire** · 07-11-2009, 06:26 PM

I'm trying to figure out how he managed to claim bankruptcy twice in his short 'adulthood'.

**GREENBACK** · 07-11-2009, 06:50 PM

..... I somehow can't even imagine this kind of thing. As the old saying goes....Only in America!

**cantretire** · 07-11-2009, 08:34 PM

Oh, I just saw it and had to turn it off before the end of his segment. I think his next TB appearance will be on America's Most Wanted.

**nmboone** · 07-11-2009, 10:03 PM

I thought the segment was kind of sad, especially toward the end. Both him and his parents need financial and emotional help with these issues. Worth mentioning though, he has a shoe fetish and has 100 pairs of shoes. And I'm willing to bet they aren't from payless.

**m3racer** · 07-12-2009, 05:57 AM

Originally posted by nmboone View Post

Worth mentioning though, he has a shoe fetish and has 100 pairs of shoes. And I'm willing to bet they aren't from payless.

This guy has some loose marbles.

**kork13** · 07-12-2009, 09:25 AM

Call me heartless, but the entire time he was explaining that part of the reason for his debt was failed business attempt after failed business attempt, I kept thinking "Okay, buster... So maybe that's a clue that you're just not cut out for it -- GET A JOB!"

The lifestyle was obviously a significant part of it as well, of course...

**Ima saver** · 07-12-2009, 10:00 AM

You are right, the guy does need to just get a job!

**EEinNJ** · 07-13-2009, 05:32 AM

Sounds like Suze is turning into the Jerry Springer of Personal Finance!

**rob62521** · 07-13-2009, 05:45 AM

Enabling is right...his parents were giving him $2500 a month for his expenses and they told him they had to cut it down to $1000 because they couldn't afford it...He spends $1000 a month on Starbucks and eating out. I think both the guy and his parents need to have someone like Larry Winget sit down and work out a budget and tell him to start selling some of those 100 pairs of shoes on his Ebay consignment business.

**GREENBACK** · 07-13-2009, 06:07 AM

I think the three of them need a psychologist first and then they can go to a financial counselor. I've read that post a few times and it still blows me away.

**Broken Arrow** · 07-13-2009, 07:39 AM

The "kid" I get. It's the parents I still don't understand.

Yeah yeah, they're trying to help, but how exactly does cutting down from $2800 to $1000 a month of allowance, at age 28, help?

**wincrasher** · 07-13-2009, 11:37 AM

Wow. Sounds like they deserve each other.

Parents either co-dependant, or equate money with love.

Child knowingly bleeding his parents dry.

They should all see a shrink. Guess I know who would pay for it.

Suze Ormans featured guest tonight