He's 'In A State Of Disbelief And Horror,' As His 'Boomer Parents' Want To Launch An IT Business Without Knowing What They're Doing

Benzinga_recent_news

Feb 06

A 23-year-old student says he’s “in a state of disbelief and horror” after learning that his parents want to open an IT consulting firm despite having no experience in the field and only $300 to their...

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Simple as that,” one person wrote, while another warned, “Lock down your credit and don’t sign anything. Your brother should do the same.”","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","BK4585":"ETF&股票定投概念","BK4135":"资产管理与托管银行","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","VGT":"信息技术ETF-Vanguard","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","STT":"道富银行","LU1883839398.USD":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","BK4588":"碎股","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC"},"translate_title":"他“处于难以置信和恐惧的状态”，因为他的“婴儿潮一代父母”想要在不知道自己在做什么的情况下开展IT业务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VGT":1.5,"STT":1.5},"content_text":"A 23-year-old student says he’s “in a state of disbelief and horror” after learning that his parents want to open an IT consulting firm despite having no experience in the field and only $300 to their name.\n“My boomer parents want to open business again and it’s scary,” the young man said in a Reddit thread recently, saying that his 73-year-old father and 50-year-old mother are pushing ahead with plans to open a business again, even though they already went bankrupt running a supermarket. “At first, I thought it was just a weird whim of my mom… but now, when even my dad supports her, I am starting to feel that they are dead serious,” he wrote.\nDon't Miss:\nThe poster fears they may try to involve him and his brother in legally establishing the company. “I think they will try to force me and my brother to sign all the documents to open the firm,” he added.\nReddit commenters overwhelmingly advised him to protect himself. “Don’t sign. Simple as that,” one person wrote, while another warned, “Lock down your credit and don’t sign anything. Your brother should do the same.”\n“It will be viewed as YOU doing it no matter what you say,” one commenter warned, while another added that “parents have been known to forge signatures of their kids.”\nTrending: Motley Fool's analysts have built a new lineup of passive ETFs — explore which \"Foolish\" strategy fits your investment goals.\nMaking matters worse, the parents reportedly have no IT experience or a clear business model. The father, according to the son, simply wants to be a CEO, while the mother has been using AI to help name the company. The first result? Less than ideal.\n“She said to AI name a company, by using two words: Business and Analytic,” the son said.\nRedditors ridiculed the idea of launching an IT firm with no expertise. “If you literally don’t know what you are doing, you are 100% going to fail,” one tech professional said.\nEven commenters from Gen X chimed in to clarify that, while the dad qualifies as a boomer, the mom, at 50 years old, is definitely Gen X. Still, many agreed her mindset felt “boomer-like.”\nSee Also: This ETF issuer isn't chasing the index — it's building tools for income, leverage, and conviction\nThe son later added that he’s taking steps to protect himself and his future. “Right now, I am searching for job, as fast as possible,” he said, adding that he may drop out of school to build savings and get out from under his parents’ financial reach.\nReddit’s final consensus? Protect your credit, your name, and your future. “You’re an adult,” one person wrote. “They can’t make you do anything unless you allow them to.”\nRead Next: From Moxy Hotels to $12B in Real Estate — The Firm Behind NYC's Trendiest Properties Is Letting Individual Investors In.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}