PRINCIPLES:- 1. The family money should not leave the family and go into financial institutions. 2. Do not let the words of media/culture (controlled by the elites that want u to buy their properties) that take minutes to be spoken to sway you to slave at work for the rest of your life to pay the debt. 3. Don't feel despair by thinking that you are uncool for not having your own place. What is uncool is putting up with bad bosses and back stabbing colleagues for the rest of your life to earn money and give it to the bank. 4. Targeted for cultures that do not give monthly allowance to their parents and for cultures that gives allowance, but should also have a contract drawn up. BENEFITS OF IDEA: 1. A roof over your head with your partner and kids. 2. Shared resources with your parents to take care of each other. 3. Lower food expenses as you buy groceries in bulk. 4. Happiness and Family Time (Parents get to spend time with their kids). 5. Sufficient money for your parents to retire. 6. End the cycle of poverty especially for your future generations. 7. $300,000+ mortgage interests savings exclude opportunity costs in that amount could be reinvested in other financial products to earn interests. ($1 million dollars in high interests savings account gives your $3,000 payout monthly. Is that enough for you to retire?) 8. Ability to respond quickly to help your parents to the hospital in the event that they suffer a heart attack:- what is the cost of a few more years or decades of your parents' (who brought you up) life to you? 9. Your parents could help you to the hospital if you are pregnant and need to deliver a baby. 10. Your parents could help look after your pets if you need to go for work trip / holiday or you can help to look after theirs. 11. A million dollars and house for your kids when you pass away. WHY IMPLEMENT THIS IDEA: 1. You can put up **** at work for a monthly paycheck and you cannot negotiate this idea/contract that could give your parents retirement income, a house for you, free up your cash flow, and ending the poverty cycle for your future generations? 2. Would you live with your parents for a few more decades for half a million dollars vs putting up with a shitty workplace for a few more decades? 3. Why pay hundreds of thousands of dollars for two gardens and living room when most working adults spend the bulk of their time in one room doing computer work? 4. Teach this idea to your kids when they are young and if they stay with you, they might just save your life when you are having a heart attack. 5. Does anyone like to die alone? No. 6. With half a million dollars generated from implementing this idea, you could buy luxury handbags and Lamborghini sports car that you always wanted by a thousand times over. 7. If you need space, you can always use the mortgage interests savings for dining out for all meals, walking in beautiful Melbourne's garden and watch movies every single day. HOW? 1. Stay with your parents even after marriage and having kids. 2. Enter a legal contract to buy the property from your parents in terms of paying them a monthly annuity till their passing. (Your lawyer can work out possible unhappy scenarios and other fine details). When your parents pass, the property is yours to keep and the deed would be under your name. 3. Business skills needed: Open communication, negotiation skills, sales skills, smiles, friendliness, eye for a good opportunity to bring up the topic. 4. House rules required as with staying in a rented property with strangers. ALTERNATIVE SOLUTION FOR THOSE WITH A RISKY APPETITE: 1. Stay with your parents and use your income to buy an investment property. 2. Draw up contract with parents as above but use the rental income to pay the monthly annuity to your parents. POSSIBLE FLAWS TO THE IDEA: 1. Noisy household that can be avoided by spending $50,000 out that $300,000 mortgage interests savings to build a state of the art sound proof room for sex noises with your partner and etc. 2. Legal costs. 3. Remember to diversify your earnings between three banks to safeguard against the bank that goes bankrupt. SHARE THIS IDEA: 1. If you already paid your mortgage, share this idea with your circle of influence and teach your kids this idea especially when they are young and impressionable. What do u think of this idea? Any feedback is much appreciated.