My dad wants me to follow his step

Hi guys....

Im currently doing my grad programme in finance. Im British and I want to get into investment banking when I finish (already have an offer from a top bank 50k a year). However, my dad wants me to go back to Singapore and work with him to do business. But i wanna stay in UK cuz all my mates are here, and I like UK much better than Singapore. He told me If i dont come back to Singapore, he wont support me...I dont know what to do...I dont want to strain relationship with my dad but I want to stay in UK (my g/f is here too). How can I get around this knowing my dad is pretty strict?

Thanks.

Reply 1

wackysparkle

14

explain the situation to him - weigh out the proz and conz of both sides - explain to him that you have the opportunity of getting a really good job here - one that can take you far - and an opporunity that doesn't come along often

Reply 2

Juwel

18

Make it clear that you'd much rather make it on your own rather than merely take the job he gives to you. Tell him you'd respect yourself more that way, the whole independence thing. Whether it's true or not I find it's a convincing argument.

Reply 3

JC.

19

At 50k a year I suspect you will be able to support yourself. :wink:

Reply 4

lil'p

10

yhea 50k a year is not a bad wage!!

tell your dad that u will be more happier here

Reply 5

FoeGeddaBowDeet

JC.

At 50k a year I suspect you will be able to support yourself. :wink:

You know, I was just about to say that. How much support do you need? Even if you're mega rich, that's still going to be a comfortable life for you, particularly if you're on your own.

Reply 6

JC.

19

I have a friend who just applied and was accepted by the bank to take out a mortgage.

He had 10k to put down on the property and earns 13k pa.
The bank was happy to lend him up to 150k.
You will get A MUCH better mortgage proposal when on 50k p/a.

Reply 7

James

14

Don't feel pressurised into doing something you don't want to. That's generally a good rule in life.

As people have already suggested, you need to have a rational conversation with your dad.

Reply 8

Anonymous #2

Tell him to go do one, it's your life

Reply 9

Sticky

JC.

I have a friend who just applied and was accepted by the bank to take out a mortgage.

He had 10k to put down on the property and earns 13k pa.
The bank was happy to lend him up to 150k.
You will get A MUCH better mortgage proposal when on 50k p/a.

50k is a good salary but what kind of property can you buy in the London area with that? 50k, that's about 3000 pound a month after tax. Considering the fact that you're not going to afford more than 40% of that towards a mortgage, 1000-1200 pound a month is not much when it goes towards a mortgage.

13k and a mortgage? I'm no expert but that sounds unrealistic. The usual indicator is to take your annual salary and multiply by 3.5 or 4. That's about as much as a bank is going to lend you. So unless this guy's property is worth about 60k, there's no chance.

Reply 10

Cromulent

12

I live in Surrey, in one of the main towns for commuters who work in London and it is very possible to live comfortably on 50k a year. Just support yourself. Your Dad will have more respect for you if he sees you going out on your own and actually doing well.

Reply 11

PhilMc

16

Tell him it's your decision! If he wants to ruin a relationship over his poor judgement and over-powering nature that's his choice!

My dad wants me to follow his step

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