Author Topic: We are family. I got all my sisters with me  (Read 1599 times)

hernandz

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We are family. I got all my sisters with me
« on: August 17, 2015, 11:49:36 AM »
Four sisters decide to conquer debt as a family. 

http://www.forbes.com/sites/vanessamcgrady/2015/08/11/millennial-sisters/

Hope they look at retirement next.

zolotiyeruki

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Re: We are family. I got all my sisters with me
« Reply #1 on: August 18, 2015, 08:39:32 AM »
Wow, I'm impressed!  I'd be terrified to do something like that--there are so many things that can go wrong in financial agreements with family members.

Gerard

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Re: We are family. I got all my sisters with me
« Reply #2 on: August 19, 2015, 10:58:28 AM »
I like that they're 100% invested in it, all living together and pooling income and paying off debt, but at the same time they're not owning anything long-term together. They get all the best parts of interdependence with very few of the downsides.

Waaay better than something like buying a duplex with a sibling, where you're not all that linked in terms of support or daily interactions, but you're horribly bound to the anchor of the shared building ownership.
"I can't believe you're still doing things your way after I explained why my way is better."

slugline

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Re: We are family. I got all my sisters with me
« Reply #3 on: August 19, 2015, 12:39:29 PM »
That's a great story. I suppose all four were in comparable levels of debt, so no one seemed to be disproportionately benefiting from the arrangement?

K-ice

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Re: We are family. I got all my sisters with me
« Reply #4 on: August 24, 2015, 09:56:01 PM »
Cool story. Even some couples can't do this :(