Author Topic: We are family. I got all my sisters with me  (Read 1727 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.

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 :(