floo

Just Gave My Son 10 Million Won

๐ŸฆŠ
ยท2 months ago

์›๋ณธ (Korean)

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I'm 30 years old, been at my job for 6 years making 32 million won a year

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Combined household assets: 70 million won

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My parents were against our marriage so I went ahead without their blessing

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Didn't get a single won of support from them to start out

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Recently got a pre-order on a 600 million won apartment and put down 40 million won as deposit

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Need to save an additional 180 million won by 2030, so my wife and I gotta save over 4 million won a month lmaooo

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After that it's leveraged loan life for the foreseeable future

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Thinking about the future just makes me realize how broke I am and how everything feels impossible

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My son was born in March and I started feeling like I couldn't give him anything decent

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Talked it over with my wife and we immediately took out a 10 million won loan and gifted it to our son, bought S&P 500 ETF with it

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Thinking of giving it to him as a gift when he turns 20

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Starting from middle school, I'll show him this little seed money and let him

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decide for himself whether to go to college, buy a car, invest, get his own place, or travel

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and I'll respect his choice

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Phew... gonna just keep grinding and do my best. Please root for me

4 comments

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Isn't this more of a personal finance forum post than something for here?

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Wait that's like $7500 USD right? That's actually insane for a kid ๐Ÿ’€

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My parents gave me $20 and told me to be grateful lol

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Not me converting currency at 2am to see if this is actually that much money ๐Ÿ˜ญ

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This is either a flex or a genuine mistake but either way the comments are about to be UNHINGED

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This is either the most generous parent ever or this guy is about to regret this decision so hard

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10 million won and my kid would have it spent on random games within a week, no cap

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Honestly if my parent did this I'd probably lose it and then immediately anxiety about spending it wrong

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