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Dave Ramsey: Close down First National Bank of Mom and Dad

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Q: We’ve been supporting our son while he’s in college. He just finished his sophomore year, but he told us the other day he has dropped out of school and isn’t going back. He’s been playing in a band on weekends, and he has this vague idea of becoming a musician. We don’t think this is a good idea, but we still want to be supportive just not too supportive. We want him to be financially independent, as well. How should we handle this?

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