You on the money, Phrankleen. Credit card companies do run an entrapment business. That's why I'm all for debit cards: spend what you have. Period! Anytime my bank sends me an application for one, u bin it. Thank you very much!

When they were investing and pouring into you you were not complaining. Oya, pay up and stop the noise. The truth is that some African parents were not given anything and poured their last into children, so they could have a better life.

Sell the £700k house buy something much smaller for around £200k, pay off the debt you owe, buy life insurance and put the rest into the stock market £300k paying 10% annually from the stock market would be £30k/year, £2000 per month.

This is the thing about African people I noticed here in the United States 🇺🇸! They think 💭 CreditCard equals FREE MONEY 💰!

I personally only spend money on my credit card 💳 that I already have! Your credit just show to banks 🏦 how trustworthy you’re with money!

That’s one reason why a lot of Africans in the western world 🌎 with legal documents are poor! They create liability debt 💸 that they can’t pay off! Smh 🤦🏿‍♂️!

I could never take from my children. My job as a parent is to provide for them, not the other way around. I am the one that brought them into this world. They didn't get a choice. My children will never owe me anything other than respect.

You're doing a nice job my brother educating all this people thanks

Though I do not support parents who use children as retirement fund (I'm a child under this Category), 1 of the root cause here is poverty and financial illiteracy. The time our parents spend in church and looking good (well dressed) to impress the rich could be spent to improve financial knowledge and invest. We really need to change this narrative.

Parents are suppose to look after their children and spend money on them .. where else would they spend their money and isn't that the reason for their hardwork.

Morning sweetheart I'm in uk and a mortgage free property owned by parents is great.
They are very coniving as parents they have to be happy with their situation.
I suggest leave their property alone until they expire. A contract should have been made up between parents and siblings regarding monthly payments of £200 per siblings already paid.
Plus the mums outstanding hospital bill still being processed. The father responsibility surely to provide for his wife not the children.
Surely you'll realised the father as being unfair and deliberately taking advantage of this situation.
I suggest draw up a contract amongst the siblings and parents to avoid any further issues of money infact either or situation,
Pay off hospital bills or £200 a month.
Cut the £200 to £100 and placed the £100 on your mortgage to over pay on mortgage.
Your personal home life is the most important.

Parents personal ATM

My mother only buys brand new SUVs but she always complains she has no money. I myself always buy used cars. We both live in the United States. It’s very sad. I do not give any monthly allowance to her. I can only help ever now and then. #financialyirresponsible

I am 100 pct in agreement with your comments. They could sell that property downsizing and purchase a smaller property for cash and have funds to live on. If they did not want the cash to be in their name having sold it then they can chose one of the children and put proceeds there.
Secondly it would be advantageous to sell the property now to raise capital because when they die that property will attract death duty which is at 28 pct of the value.
Yes that is common in black community primarily the Africans. The Caribbeans tend to make provisions for their death.

cut off toxic family period, block them all problems solved

What I would have advised is let all the siblings pay the credit thier dad owe but only on the condition when thier parents die they will inherit the house and the paper work must be changed to thier names , it’s still investment either way when they sell the house

I think supporting parents is something a lot of people take pride in especially people in my home country. I have never heard any child complaining about supporting parents. However, I also found that the more younger people move abroad, their more enlightened and want to channel their monies else where hence the need to change their focus. You cannot tell a Ugandan man to stop supporting his parents, that's not possible.

I also want to mention a lot of the parents back home pay school fees for so many other children in the villages. As long as one person has money the whole village comes with their entitlement so some parents are also under pressure by these other relatives. It's a cycle.

I made a stand with my own family. Each one has told me not to help the other one. After months of being exhausted, I currently help none.

This dude is making a lot of sense.

Easy way to deal with bad family is: change your phone number, block them from your social media etc & be strong