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This is especially true when the parents dont charge for rent.
The decision to live at home is multifaceted.
In terms of emotional support, that can very much go both ways.
In the case of aging parents, they have someone who can provide necessary care as well.
This is especially true for entrepreneurs like Max who are still working on building their own successful business.
Living at home allows me to channel more resources into growing the business.
As the CEO of a growing startup, my income can fluctuate, he said.
On average, I earn around $100,000 per year.
Earning six figures is a dream come true for many Americans.
Its also become more of a necessity in recent years.
Given that, its no wonder that so many people strive to find ways to reduce their expenses.
And when income fluctuates like Maxs does, its even more prudent to prioritize financial stability while earning.
But there are still some expenses to consider.
Living at home allows me to save a substantial amount, Max said.
By living at home, I save approximately $24,000 annually just on housing costs.
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