Papasteve

She wouldn't. Her goal isnt for my sister to become independent. She has no issue of how much is allocated to her.

I guess I am the only one here that has an issue with it. Maybe thats because I'm not making $130k a year. Moms always thought I can be independently successful. It helps to move away and not being around the temptations of easy living.

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I dunno, if your Mom bought her niece a brand new car, I’d say she’s making her choices loud and clear. For whatever reason, she’s choosing to bestow material things on her sister’s family. You may not like it, but if no one is coercing Moms to buy things/keep Sis on the payroll, then she’s entitled to throw her money away however she likes. If she has the mental capacity to understand how much she makes, and how much of it goes to propping up her sister’s lifestyle, then it truly is her choice. Family dynamics are difficult. Is she providing her own children (you & any others) with as much support as her sister’s family? Why does she think her niece needs a brand new car? Has she told her sister, point blank, that she plans to retire in X months/years and asked her what her plans are to assume the business? Or has she offered to sell the business to them?

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My mother wants to give them the world. She lives a lifestyle as if she doesn't have many days left on this earth and acts like her life insurance policies will come to the rescue after she's gone.

I am soon to be married and have no kids. I myself am allocated $2k a month from the business.

I sourced used Jeeps to give my mother a different option for the 15 yo kid who turns 16 at the end of the month, but he kept assisting that he wanted a new Jeep because of the convertible roof.

But you are completely right. I'm just beyond frustrated and annoyed of how much she is willing to accept from her without much effort in return. My mom's "retirement" seemed to be a phase as she now is back to working everyday as always

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What is the husband doing during the day?

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Little jobs he finds as a painter or just fixing up their house. He use to work a plant, but that didnt last long.

Most of the capital goes directly to payment of house, car, schools, etc. They get about $2,000/ month for daily expenses.

Mother has a small business for the past 15 years that grosses over 500k/year. She still works every day in what she feels to be a stressful environment. She feels the need to be present for "quality control". Shes brought up concerns lately that she is feeling the want to look towards retirement but knows my sister and her family is completely dependent on her income with no signs of anything changing. The business has not grown in the 15 years and never have pursued more work.

I live and work in NYC but have tried going through her finances over the past few months. (I'm not an accountant) Snapshot of what I have found.

Business has contracted around:

Gross- 500k/year + "extra jobs" maybe $100k/year
Overhead - $20k /year
Labor- $150k /year + "25% of any extra jobs"
Salaries- $350k /year

$218k/year to her...which goes towards her personal expenses and investment properties she owns

$130k/year to my sister. House, cars, kids schools, + salary all from the business. She's married, 5 kids, Husband doesn't work, sometimes as a "contractor" for my mother, but hasn't been the best source. She is supposed to be the bookkeeper but has never done much beyond for submitting invoices and payroll.

Profit: ($-25k) /year (without extras)

basically her rental properties and any profit from the "extra jobs" is what keeps her at float.

She just bought my sister's oldest child, 15, a 2019 JK Sahara. :dope:



What's your advise?