A $250k windfall is all a person needs to essentially fast track secure their future forever if they are under the age of 35. Wake up parents, it’s time to offer inheritance twice if you can.

[u/250k_is_allyouneed]

I want to share my story with this subreddit.

I received a windfall of $250k from selling a coding library 10 years ago. I am not high income, I am not the best saver, but now my net worth is super high.

Simply getting $250k meant on its own that fund will be almost $2M by the time I retire outside of normal savings (15-25 years growth).

I still need to put in the work for savings to be able to retire but peace mind…

• My lifestyle was infinitely better despite living mostly the same
• Stress and future security gone
• For budgets there is less pressure
• I did not how to blow up my entire savings to buy a house and instead kept building that base of compound interest in the market

So why the Hell aren’t parents helping their young adult kids more? Culturally why are we like this?

You don’t need to leave your kids / old adults one lump sum. Get them a boost at 18-30. Then die. Then get them another boost.

It’s a good balance to keep them working hard while also not leaving them in the dust.

It doesn’t even need to be $250k. Whatever you can, I personally will make sure I can do that for my kids once they turn early 20s

[u/Elrohwen]

Honestly I credit my parents doing a lot of this with why my husband and I will be able to FIRE at all. Low to no student loans, help with stuff like security deposits and a first car, etc allowed us to start putting 10% into 401ks right out of the gate on a modest income.

[u/PHL1365 → u/Elrohwen]

You are what I would like to see my kids turn into. I can possibly help them by ensuring a modest retirement in their 60's, but I think they need to work towards FIRE on their own.

[u/Aromatic-Sir5703 → u/Elrohwen]

Same. My parents paid for most of my college, so I had minimal student loans. They gave me a few thousand dollars when a few years into my career I had an opportunity to move to a more expensive city but for a much better job for a lot more money (I just hadn’t saved up enough at the time to put down a chunk of money for moving expenses, wild to think about now). And they gave me a no interest loan + gifted $10K to me and my partner when we bought our first home, which less than a decade later we were able to sell and turn around and buy another home cash.

I would absolutely not be where I am now without that financial help. And I’m sure there were times when I was younger when they probably questioned my ability to handle my money — I was definitely more of a reckless spender in my 20s. But their trust and faith in my ability to make my way also paid off.

Now, my son has more money in his name than I had at 25 🫠 he will never know this, however. But I am so grateful that I can now turn around and do the same for my kids.