Comments on: What To Do With Inheritances

By: baselle

baselle — Sat, 16 Jun 2012 03:25:09 +0000

As somebody who received an inheritance, remember that the increase in money itself, separate from emotion, is extremely disorienting when it comes in. Even if you wait or get excited or think you know how you will handle a large amount of money, until the zeros show up, you don’t know. A good dose of humility is necessary.

By: Gail

Gail — Thu, 23 Jun 2011 04:29:44 +0000

Something I sure don’t have to worry about. No one in my family has any assets worth drooling over.

By: Linda

Linda — Mon, 13 Jun 2011 19:29:51 +0000

Well said and amen to what you both said.

By: nick

nick — Mon, 06 Jun 2011 17:11:57 +0000

I think that more importance should be put on trying to create your own source of wealth, and then having the inheritance as a backup. I know not everyone can save up a lot of money, and a big inheritance will substitute for that. However, the important thing is to remember that money doesn’t make you happy. Hopefully when the time comes to inherit a sizable amount of cash you can already be in a happy state. Then you can use the money to pay off certain bills if you have them. Spending the money quickly isn’t the best way. Live a happy life and the correct path will illuminate itself. It would be nice to not need that inheritance and be able to pass it down to your kids, or even better, give it to a charity. People who bank on getting an inheritance to fund their expenses are desperate. Live a full life and hopefully the inheritance can be a nice afterthought.