Too Proud To Accept Dad's Gift?

Brian is paying cash as he goes and renting simultaneously. His father has offered to match him dollar for dollar on the completion of the house. Should he take it?

QUESTION: Brian in Cincinnati is 29 with two kids, and he’s building a house. He’s paying cash as he goes and renting simultaneously. His money is slipping away faster than he can replace it. His father has offered to match him dollar for dollar on the completion of the house. Should he take it? Dave thinks he should accept it.

ANSWER: That’s a wonderful gift. You should accept it. It’s not a matter of being independent. Your dad is trying to bless you for living the way he taught you to live.

Put your business on hold, accept your dad’s gift, and finish the house with cash. You’ve got $70,000 in the bank, and he gives you another $70,000. It’s not charity; it’s a blessing from your dad. You’ve got two in diapers. What if all this tightwaddery and building something for cash leads you to be a multi-millionaire someday and your kids are doing something that’s smart that you want to encourage by matching it? Do you want them to be so prideful they won’t accept a gift?

Your dad has worked all his life and been a tightwad all his life. Now, he raised a tightwad, he’s proud of him, and he wants to say, “Atta boy!” Smile. Accept the atta boy. Finish your house.

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