How to make sure your kids will live with you forever

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According to a recent poll from the Pew Research Center, 13% of parents with grown children have had at least one grown child move back in with them over the past year.

Ten percent of respondents between ages 18 and 24 had moved back in with their parents because of the recession.

According to an AFL-CIO report, one-third of young workers are living at home with parents.
Dave Ramsey has some tips on how to make the best of this situation, but let's face it: very few young adults want to live with their parents, and very few parents want their kids to be in a situation where they can't be independent -- even if they do enjoy having them around.

But how can you prevent this situation from happening to your kid? Here's a tip: if you want your kid to live with you forever, you should absolutely encourage him to take out as much student loan debt as necessary to allow him to attend the private college of his dreams. Also, he'll need a new car (with car payments, those are key), and some credit card debt.

The point is if your kid has no monthly payment obligations, he'll have a much better shot at living independently. If he has no loans to pay, he can work at WalMart and earn $1,200 a month, spend $500 of it for a room with a roommate, and use the other $700 for food and transportation.

Is that a fun life? No, but it's temporary until he can find a better job, and you won't have to make him breakfast any morning.

But if you add a $250 car payment, $100 credit card payment, and $250 student loan payment to the equation, it falls apart.

Bottom line is if you want your kid to live independently, teach him early and often about the evils of monthly payments.
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