Just curious , how many of you share your TC and financial standing with parents or extended members of the family ( not counting the spouse ).
What is the general approach on blind?
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- To all the people who are fairly new in their career:
Don't disclose your actual income with parents especially if you have extended family. It's one of the very stupid things to do. I have several friends who did the same mistake and the result was they end up having demands from family and friends for money. That money once gone will never come back.
Pro tip: if you save that money, you can take care of them in real emergencies.
- Same question to you: why do you want to share exact numbers? What will that benefit you?
Even you can't foresee any family members asking money, you will set expectations which might be difficult in future. For ex- grand weddings, return gifts etc. It's better to keep it personal and do things as you want without any pressure.
- General Mills / DataMUsi88I always tell the old man the specifics of new offers and raises in the hopes of meeting his expectations (I never will).
He spent 20+ years in the executive ranks of a F100 so I’m not too worried about him coming for my measly assets.